Hydrogen Fuel Cell Market
Hydrogen Fuel Cell Market - Global Industry Assessment & Forecast
#
Pages:
199
Base Year:
2023
Mar - 2024
Format:
Report Code:
VMR-2437
Segments Covered
By
Type Proton Exchange Membrane Fuel cells, Phosphoric Acid Fuel Cells, Solid Oxide Fuel Cells, Polymer Exchange Membrane fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Molten Carbonate Fuel Cells, Other Types
-
By
Application Stationary, Transportation, Portable
-
By
End User Fuel Cell Vehicles, Utilities, Defense
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 2.7 Billion |
 Revenue 2032:
|
USD 18.97 Billion |
 Revenue CAGR
(2024 - 2032): |
24.2% |
Fastest Growing Region (2024 -
2032)
|
North America |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Hydrogen Fuel Cell Market Segment Analysis
- Hydrogen Fuel Cell Type Outlook (Revenue, USD Million, 2018 - 2030)
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Hydrogen Fuel Cell Application Outlook (Revenue, USD Million, 2018 - 2030)
- Stationary
- Transportation
- Portable
- Hydrogen Fuel Cell End User Outlook (Revenue, USD Million, 2018 - 2030)
- Fuel Cell Vehicles
- Utilities
- Defense
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
-
North America Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
-
North America Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- U.S.
- U.S. Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- U.S. Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- U.S. Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- U.S. Hydrogen Fuel Cell Market, by Type
- Canada
- Canada Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Canada Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Canada Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Canada Hydrogen Fuel Cell Market, by Type
-
Mexico
- Mexico Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Mexico Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Mexico Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Mexico Hydrogen Fuel Cell Market, by Type
-
North America Hydrogen Fuel Cell Market, by Type
- Europe
-
Europe Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
-
Europe Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
-
Europe Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- U. K.
- U.K. Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- U.K. Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- U.K. Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- U.K. Hydrogen Fuel Cell Market, by Type
- France
- France Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- France Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- France Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- France Hydrogen Fuel Cell Market, by Type
-
Germany
- Germany Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Germany Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Germany Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Germany Hydrogen Fuel Cell Market, by Type
-
Italy
- Italy Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Italy Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Italy Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Italy Hydrogen Fuel Cell Market, by Type
-
Spain
- Spain Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Spain Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Spain Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Spain Hydrogen Fuel Cell Market, by Type
-
Rest of Europe
- Rest of Europe Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Rest of Europe Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Rest of Europe Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Rest of Europe Hydrogen Fuel Cell Market, by Type
-
Europe Hydrogen Fuel Cell Market, by Type
- Asia Pacific
-
Asia Pacific Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
-
Asia Pacific Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
-
Asia Pacific Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- China
- China Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- China Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- China Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- China Hydrogen Fuel Cell Market, by Type
- Japan
- Japan Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Japan Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Japan Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Japan Hydrogen Fuel Cell Market, by Type
-
Germany
- Germany Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Germany Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Germany Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Germany Hydrogen Fuel Cell Market, by Type
-
India
- India Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- India Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- India Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- India Hydrogen Fuel Cell Market, by Type
-
South Korea
- South Korea Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- South Korea Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- South Korea Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- South Korea Hydrogen Fuel Cell Market, by Type
-
South East Asia
- South East Asia Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- South East Asia Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- South East Asia Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- South East Asia Hydrogen Fuel Cell Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Rest of Asia Pacific Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Rest of Asia Pacific Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Rest of Asia Pacific Hydrogen Fuel Cell Market, by Type
-
Asia Pacific Hydrogen Fuel Cell Market, by Type
- Latin America
-
Latin America Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
-
Latin America Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
-
Latin America Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Brazil
- Brazil Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Brazil Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Brazil Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Brazil Hydrogen Fuel Cell Market, by Type
- Argentina
- Argentina Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Argentina Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Argentina Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Argentina Hydrogen Fuel Cell Market, by Type
-
Rest of Latin America
- Rest of Latin America Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Rest of Latin America Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Rest of Latin America Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Rest of Latin America Hydrogen Fuel Cell Market, by Type
-
Latin America Hydrogen Fuel Cell Market, by Type
- Middle East & Africa
-
Middle East & Africa Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
-
Middle East & Africa Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
-
Middle East & Africa Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- GCC Countries
- GCC Countries Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- GCC Countries Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- GCC Countries Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- GCC Countries Hydrogen Fuel Cell Market, by Type
- South Africa
- South Africa Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- South Africa Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- South Africa Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- South Africa Hydrogen Fuel Cell Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Hydrogen Fuel Cell Market, by Type
- Proton Exchange Membrane Fuel cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Polymer Exchange Membrane fuel Cells (PEMFC)
- Direct Methanol Fuel Cells (DMFC)
- Molten Carbonate Fuel Cells
- Other Types
- Rest of Middle East & Africa Hydrogen Fuel Cell Market, by Application
- Stationary
- Transportation
- Portable
- Rest of Middle East & Africa Hydrogen Fuel Cell Market, by End User
- Fuel Cell Vehicles
- Utilities
- Defense
- Rest of Middle East & Africa Hydrogen Fuel Cell Market, by Type
-
Middle East & Africa Hydrogen Fuel Cell Market, by Type
- North America
Vantage Market
Research | 11-Mar-2024
FAQ
Frequently Asked Question
What is the global demand for Hydrogen Fuel Cell in terms of revenue?
-
The global Hydrogen Fuel Cell valued at USD 2.7 Billion in 2023 and is expected to reach USD 18.97 Billion in 2032 growing at a CAGR of 24.2%.
Which are the prominent players in the market?
-
The prominent players in the market are Bloom Energy (U.S.), Ceres (U.S.), Ballard Power Systems (Canada), Plug Power Inc. (U.S.), AFC Energy (UK), SFC Energy AG (Germany), Intelligent Energy (UK), Doosan Fuel Cell Co. Ltd. (South Korea), Nedstack Fuel Cell Technology (Netherlands), FuelCell Energy Inc. (U.S.).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 24.2% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Hydrogen Fuel Cell include
- Rising demand for fuel cell electric vehicles (FCEVs) as they provide benefits like extended driving ranges and faster refueling compared to traditional vehicles, fueling market growth
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Hydrogen Fuel Cell in 2023.
