Fuel Cell Market Share, Size, and Outlook by 2031
Fuel Cell Market: Strategic Insights
Fuel Cell Market
-
CAGR (2023 - 2031)27.4% -
Market Size 2023
US$ 1.82 Billion -
Market Size 2031
US$ 12.63 Billion
Market Dynamics
GROWTH DRIVERS
- Benefits of Fuel Cells
FUTURE TRENDS
- Demand from the Transportation Sector
OPPORTUNITIES
- Innovations in materials science to make more effective and durable fuel cell membranes
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Proton Exchange Membrane Fuel Cell
- Phosphoric Acid Fuel Cell
- Solid Oxide Fuel Cell
Application
- Transport
- Portable
- Stationary
End-User
- Fuel Cell Vehicles
- Utilities
- Defense