Fuel Cell Market Scope And Analysis

Report Code : TIPTE100000720
Category : Electronics and Semiconductor

No. of Pages : 150

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Fuel Cell Market Scope and Analysis Report by 2031

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Fuel Cell Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 1.82 Billion
Market Size by 2031	US$ 12.63 Billion
Global CAGR (2023 - 2031)	27.4%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Proton Exchange Membrane Fuel Cell Phosphoric Acid Fuel Cell Solid Oxide Fuel Cell By Application Transport Portable Stationary By End-User Fuel Cell Vehicles Utilities Defense
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Cummins Inc FuelCeIl Energy Inc Plug Power Inc Bloom Energy Ballard Power Systems SFC Energy AG Intelligent Energy Limited Doosan Fuel Cell Co Ltd TW Horizon Fuel Cell Technologies Toshiba Energy Systems Solutions Corporation

Fuel Cell Market News and Recent Developments

The Fuel Cell Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In September 2023, in a significant step towards green mobility, India’s Union Minister of Petroleum & Natural Gas and Housing and Urban Affairs flagged off 1st green hydrogen fuel cell bus at Kartavya Path in Delhi. (Source: Ministry of Petroleum & Natural Gas, Press Release, 2023)
In March 2024, Hyzon (NASDAQ: HYZN), a US-based leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), launched its single stack 200kW fuel cell system and powertrain in a vehicle at a ceremony attended by government officials, heavy-duty fleet operators, and company employees and executives. (Source: PR Newswire, Press Release, 2024)
In January 2024, ISRO successfully tested a 100 W class Polymer Electrolyte Membrane Fuel Cell based Power System (FCPS) in its orbital platform, POEM3, launched onboard PSLV-C58 on January 1, 2024. The objective of the experiment was to assess Polymer Electrolyte Membrane Fuel cell operation in space and to collect data to facilitate the design of systems for future missions. During the short duration test onboard POEM, 180 W power was generated from Hydrogen and Oxygen gases stored onboard in high-pressure vessels. It provided a wealth of data on the performance of various static and dynamic systems that formed part of the power system and the physics at play. (Source: ISRO, Press Release, 2024)

Fuel Cell Market Report Coverage and Deliverables

The “Fuel Cell Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles