Fuel Cell Market

A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen (usually from air) to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from metals and their ions or oxides that are commonly already present in the battery, except in flow batteries. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.

Fuel Cell Market contains market size and forecasts of Fuel Cell in global, including the following market information:

Global Fuel Cell Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Fuel Cell Market Sales, 2017-2022, 2023-2028, (MW)

Global top five Fuel Cell companies in 2021 (%)

The global Fuel Cell market was valued at 5343.3 million in 2021 and is projected to reach US$ 18620 million by 2028, at a CAGR of 19.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

PEMFCs Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Fuel Cell include Bloom Energy, Panasonic, Toshiba ESS, Aisin Seiki, Plug Power, Ballard Power Systems, Mitsubishi, Doosan and FuelCell Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Fuel Cell manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Fuel Cell Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Fuel Cell Market Segment Percentages, by Type, 2021 (%)

PEMFCs

SOFC

MCFC

PAFC

Others

Global Fuel Cell Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Fuel Cell Market Segment Percentages, by Application, 2021 (%)

Transport

Stationary

Portable

Global Fuel Cell Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Fuel Cell Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Fuel Cell revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Fuel Cell revenues share in global market, 2021 (%)

Key companies Fuel Cell sales in global market, 2017-2022 (Estimated), (MW)

Key companies Fuel Cell sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Bloom Energy

Panasonic

Toshiba ESS

Aisin Seiki

Plug Power

Ballard Power Systems

Mitsubishi

Doosan

FuelCell Energy

POSCO Energy

Hydrogenics

SOLIDpower

Ceres Power

Horizon Fuel Cell Technologies

Convion