Hydrogen Fuel Cells Comprehensive Study by Type (Air-cooled Type, Water-cooled Type), Application (Stationary, Portable), Fuel Cell Technology (Polymer Exchange Membrane Fuel Cells, Phosphoric Acid Fuel Cells, Solid Oxide Fuel Cells, Direct Methanol Fuel Cells, Molten carbonate fuel cells), End User (Automotive, Military and Defense, Power Generation, Aerospace, Others) Players and Region - Global Market Outlook to 2030

Hydrogen Fuel Cells Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 25.3%  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Hydrogen Fuel Cells
A hydrogen fuel cell is a device, which generates electrical power through a chemical reaction by converting hydrogen into electricity. Although batteries and fuel cells are both considered electrochemical cells and comprise similar structures, fuel cells require a continuous source of oxygen and fuel to run; similar to how an internal combustion engine needs a continuous flow of diesel or gasoline. Based on the type, the market has been bifurcated into air-cooled and water-cooled. The hydrogen fuel cell market is poised for significant growth in the coming years. This is due to a number of factors, including increasing concerns about climate change, government support, and advances in technology.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR25.3%


The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydrogen Fuel Cells market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Ballard Power Systems Inc. (Canada), Toshiba Corporation (Japan), PLUG Power (United States), Fuelcell Energy (United States), Hydrogenics (Canada), Doosan Fuel Cell (United States), Horizon (United States), Intelligent Energy (United Kingdom), Hyster-Yale Group (United States) and Nedstack (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pearl Hydrogen (China), Sunrise Power (United States), Nikola Corporation (United States) and FirstElement Fuel Inc. (United States).

Segmentation Overview
AMA Research has segmented the market of Global Hydrogen Fuel Cells market by Type (Air-cooled Type and Water-cooled Type), Application (Stationary and Portable) and Region.



On the basis of geography, the market of Hydrogen Fuel Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel Cell Technology, the sub-segment i.e. Polymer Exchange Membrane Fuel Cells will boost the Hydrogen Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Hydrogen Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Growing Need for Clean Energy

Market Growth Drivers:
Government Initiatives to Promote the Use of Green Energy and The Development of Infrastructure to Produce Hydrogen

Challenges:
Lack of Infrastructure for Fuel Cells

Restraints:
High Cost of Switching the Technology

Opportunities:
Growing Adaption of Electric Vehicles among the Developing Countries and Advances in Hydrogen Fuel Cell Technology

Market Leaders and their expansionary development strategies
In December 2023, Nikloa and FirstElement Fuel (FEF) signed the agreement to refuel Nikola's hydrogen fuel cell electric truck at FEF's hydrogen refueling station. This collaboration unifies their commitment to driving the widespread adoption of hydrogen fuel cell electric vehicles and marks a significant step towards a greener and more sustainable products.
In January 2023, MG Motor India unveils hydrogen fuel-cell powered 'Euniq 7'. This Euniq 7 is a mid-size MPV that is powered by a 92kW hydrogen fuel cell stack, which produces 123bhp and has a claimed range of over 600km.


Key Target Audience
Key Stakeholders, Potential Technology Investors, Research & Consulting Firms, Regulatory & Government Bodies, End Users and Others

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Type
  • Air-cooled Type
  • Water-cooled Type
By Application
  • Stationary
  • Portable
By Fuel Cell Technology
  • Polymer Exchange Membrane Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Solid Oxide Fuel Cells
  • Direct Methanol Fuel Cells
  • Molten carbonate fuel cells

By End User
  • Automotive
  • Military and Defense
  • Power Generation
  • Aerospace
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Government Initiatives to Promote the Use of Green Energy
      • 3.2.2. The Development of Infrastructure to Produce Hydrogen
    • 3.3. Market Challenges
      • 3.3.1. Lack of Infrastructure for Fuel Cells
    • 3.4. Market Trends
      • 3.4.1. Growing Need for Clean Energy
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Hydrogen Fuel Cells, by Type, Application, Fuel Cell Technology, End User and Region (value and price ) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Hydrogen Fuel Cells (Value)
      • 5.2.1. Global Hydrogen Fuel Cells by: Type (Value)
        • 5.2.1.1. Air-cooled Type
        • 5.2.1.2. Water-cooled Type
      • 5.2.2. Global Hydrogen Fuel Cells by: Application (Value)
        • 5.2.2.1. Stationary
        • 5.2.2.2. Portable
      • 5.2.3. Global Hydrogen Fuel Cells by: Fuel Cell Technology (Value)
        • 5.2.3.1. Polymer Exchange Membrane Fuel Cells
        • 5.2.3.2. Phosphoric Acid Fuel Cells
        • 5.2.3.3. Solid Oxide Fuel Cells
        • 5.2.3.4. Direct Methanol Fuel Cells
        • 5.2.3.5. Molten carbonate fuel cells
      • 5.2.4. Global Hydrogen Fuel Cells by: End User (Value)
        • 5.2.4.1. Automotive
        • 5.2.4.2. Military and Defense
        • 5.2.4.3. Power Generation
        • 5.2.4.4. Aerospace
        • 5.2.4.5. Others
      • 5.2.5. Global Hydrogen Fuel Cells Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Australia
          • 5.2.5.2.6. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
    • 5.3. Global Hydrogen Fuel Cells (Price)
      • 5.3.1. Global Hydrogen Fuel Cells by: Type (Price)
  • 6. Hydrogen Fuel Cells: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2023)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Ballard Power Systems Inc. (Canada)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Toshiba Corporation (Japan)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. PLUG Power (United States)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Fuelcell Energy (United States)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Hydrogenics (Canada)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Doosan Fuel Cell (United States)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Horizon (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Intelligent Energy (United Kingdom)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Hyster-Yale Group (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Nedstack (Netherlands)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global Hydrogen Fuel Cells Sale, by Type, Application, Fuel Cell Technology, End User and Region (value and price ) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Hydrogen Fuel Cells (Value)
      • 7.2.1. Global Hydrogen Fuel Cells by: Type (Value)
        • 7.2.1.1. Air-cooled Type
        • 7.2.1.2. Water-cooled Type
      • 7.2.2. Global Hydrogen Fuel Cells by: Application (Value)
        • 7.2.2.1. Stationary
        • 7.2.2.2. Portable
      • 7.2.3. Global Hydrogen Fuel Cells by: Fuel Cell Technology (Value)
        • 7.2.3.1. Polymer Exchange Membrane Fuel Cells
        • 7.2.3.2. Phosphoric Acid Fuel Cells
        • 7.2.3.3. Solid Oxide Fuel Cells
        • 7.2.3.4. Direct Methanol Fuel Cells
        • 7.2.3.5. Molten carbonate fuel cells
      • 7.2.4. Global Hydrogen Fuel Cells by: End User (Value)
        • 7.2.4.1. Automotive
        • 7.2.4.2. Military and Defense
        • 7.2.4.3. Power Generation
        • 7.2.4.4. Aerospace
        • 7.2.4.5. Others
      • 7.2.5. Global Hydrogen Fuel Cells Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Australia
          • 7.2.5.2.6. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
    • 7.3. Global Hydrogen Fuel Cells (Price)
      • 7.3.1. Global Hydrogen Fuel Cells by: Type (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Hydrogen Fuel Cells: by Type(USD Million)
  • Table 2. Hydrogen Fuel Cells Air-cooled Type , by Region USD Million (2018-2023)
  • Table 3. Hydrogen Fuel Cells Water-cooled Type , by Region USD Million (2018-2023)
  • Table 4. Hydrogen Fuel Cells: by Application(USD Million)
  • Table 5. Hydrogen Fuel Cells Stationary , by Region USD Million (2018-2023)
  • Table 6. Hydrogen Fuel Cells Portable , by Region USD Million (2018-2023)
  • Table 7. Hydrogen Fuel Cells: by Fuel Cell Technology(USD Million)
  • Table 8. Hydrogen Fuel Cells Polymer Exchange Membrane Fuel Cells , by Region USD Million (2018-2023)
  • Table 9. Hydrogen Fuel Cells Phosphoric Acid Fuel Cells , by Region USD Million (2018-2023)
  • Table 10. Hydrogen Fuel Cells Solid Oxide Fuel Cells , by Region USD Million (2018-2023)
  • Table 11. Hydrogen Fuel Cells Direct Methanol Fuel Cells , by Region USD Million (2018-2023)
  • Table 12. Hydrogen Fuel Cells Molten carbonate fuel cells , by Region USD Million (2018-2023)
  • Table 13. Hydrogen Fuel Cells: by End User(USD Million)
  • Table 14. Hydrogen Fuel Cells Automotive , by Region USD Million (2018-2023)
  • Table 15. Hydrogen Fuel Cells Military and Defense , by Region USD Million (2018-2023)
  • Table 16. Hydrogen Fuel Cells Power Generation , by Region USD Million (2018-2023)
  • Table 17. Hydrogen Fuel Cells Aerospace , by Region USD Million (2018-2023)
  • Table 18. Hydrogen Fuel Cells Others , by Region USD Million (2018-2023)
  • Table 19. South America Hydrogen Fuel Cells, by Country USD Million (2018-2023)
  • Table 20. South America Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 21. South America Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 22. South America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 23. South America Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 24. Brazil Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 25. Brazil Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 26. Brazil Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 27. Brazil Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 28. Argentina Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 29. Argentina Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 30. Argentina Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 31. Argentina Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 32. Rest of South America Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 33. Rest of South America Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 34. Rest of South America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 35. Rest of South America Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 36. Asia Pacific Hydrogen Fuel Cells, by Country USD Million (2018-2023)
  • Table 37. Asia Pacific Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 38. Asia Pacific Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 39. Asia Pacific Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 40. Asia Pacific Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 41. China Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 42. China Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 43. China Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 44. China Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 45. Japan Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 46. Japan Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 47. Japan Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 48. Japan Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 49. India Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 50. India Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 51. India Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 52. India Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 53. South Korea Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 54. South Korea Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 55. South Korea Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 56. South Korea Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 57. Australia Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 58. Australia Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 59. Australia Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 60. Australia Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 61. Rest of Asia-Pacific Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 62. Rest of Asia-Pacific Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 63. Rest of Asia-Pacific Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 64. Rest of Asia-Pacific Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 65. Europe Hydrogen Fuel Cells, by Country USD Million (2018-2023)
  • Table 66. Europe Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 67. Europe Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 68. Europe Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 69. Europe Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 70. Germany Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 71. Germany Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 72. Germany Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 73. Germany Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 74. France Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 75. France Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 76. France Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 77. France Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 78. Italy Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 79. Italy Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 80. Italy Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 81. Italy Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 82. United Kingdom Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 83. United Kingdom Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 84. United Kingdom Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 85. United Kingdom Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 86. Netherlands Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 87. Netherlands Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 88. Netherlands Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 89. Netherlands Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 90. Rest of Europe Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 91. Rest of Europe Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 92. Rest of Europe Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 93. Rest of Europe Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 94. MEA Hydrogen Fuel Cells, by Country USD Million (2018-2023)
  • Table 95. MEA Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 96. MEA Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 97. MEA Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 98. MEA Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 99. Middle East Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 100. Middle East Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 101. Middle East Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 102. Middle East Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 103. Africa Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 104. Africa Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 105. Africa Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 106. Africa Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 107. North America Hydrogen Fuel Cells, by Country USD Million (2018-2023)
  • Table 108. North America Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 109. North America Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 110. North America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 111. North America Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 112. United States Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 113. United States Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 114. United States Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 115. United States Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 116. Canada Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 117. Canada Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 118. Canada Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 119. Canada Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 120. Mexico Hydrogen Fuel Cells, by Type USD Million (2018-2023)
  • Table 121. Mexico Hydrogen Fuel Cells, by Application USD Million (2018-2023)
  • Table 122. Mexico Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2018-2023)
  • Table 123. Mexico Hydrogen Fuel Cells, by End User USD Million (2018-2023)
  • Table 124. Hydrogen Fuel Cells: by Type(USD/Units)
  • Table 125. Company Basic Information, Sales Area and Its Competitors
  • Table 126. Company Basic Information, Sales Area and Its Competitors
  • Table 127. Company Basic Information, Sales Area and Its Competitors
  • Table 128. Company Basic Information, Sales Area and Its Competitors
  • Table 129. Company Basic Information, Sales Area and Its Competitors
  • Table 130. Company Basic Information, Sales Area and Its Competitors
  • Table 131. Company Basic Information, Sales Area and Its Competitors
  • Table 132. Company Basic Information, Sales Area and Its Competitors
  • Table 133. Company Basic Information, Sales Area and Its Competitors
  • Table 134. Company Basic Information, Sales Area and Its Competitors
  • Table 135. Hydrogen Fuel Cells: by Type(USD Million)
  • Table 136. Hydrogen Fuel Cells Air-cooled Type , by Region USD Million (2025-2030)
  • Table 137. Hydrogen Fuel Cells Water-cooled Type , by Region USD Million (2025-2030)
  • Table 138. Hydrogen Fuel Cells: by Application(USD Million)
  • Table 139. Hydrogen Fuel Cells Stationary , by Region USD Million (2025-2030)
  • Table 140. Hydrogen Fuel Cells Portable , by Region USD Million (2025-2030)
  • Table 141. Hydrogen Fuel Cells: by Fuel Cell Technology(USD Million)
  • Table 142. Hydrogen Fuel Cells Polymer Exchange Membrane Fuel Cells , by Region USD Million (2025-2030)
  • Table 143. Hydrogen Fuel Cells Phosphoric Acid Fuel Cells , by Region USD Million (2025-2030)
  • Table 144. Hydrogen Fuel Cells Solid Oxide Fuel Cells , by Region USD Million (2025-2030)
  • Table 145. Hydrogen Fuel Cells Direct Methanol Fuel Cells , by Region USD Million (2025-2030)
  • Table 146. Hydrogen Fuel Cells Molten carbonate fuel cells , by Region USD Million (2025-2030)
  • Table 147. Hydrogen Fuel Cells: by End User(USD Million)
  • Table 148. Hydrogen Fuel Cells Automotive , by Region USD Million (2025-2030)
  • Table 149. Hydrogen Fuel Cells Military and Defense , by Region USD Million (2025-2030)
  • Table 150. Hydrogen Fuel Cells Power Generation , by Region USD Million (2025-2030)
  • Table 151. Hydrogen Fuel Cells Aerospace , by Region USD Million (2025-2030)
  • Table 152. Hydrogen Fuel Cells Others , by Region USD Million (2025-2030)
  • Table 153. South America Hydrogen Fuel Cells, by Country USD Million (2025-2030)
  • Table 154. South America Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 155. South America Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 156. South America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 157. South America Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 158. Brazil Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 159. Brazil Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 160. Brazil Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 161. Brazil Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 162. Argentina Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 163. Argentina Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 164. Argentina Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 165. Argentina Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 166. Rest of South America Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 167. Rest of South America Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 168. Rest of South America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 169. Rest of South America Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 170. Asia Pacific Hydrogen Fuel Cells, by Country USD Million (2025-2030)
  • Table 171. Asia Pacific Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 172. Asia Pacific Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 173. Asia Pacific Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 174. Asia Pacific Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 175. China Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 176. China Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 177. China Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 178. China Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 179. Japan Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 180. Japan Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 181. Japan Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 182. Japan Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 183. India Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 184. India Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 185. India Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 186. India Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 187. South Korea Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 188. South Korea Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 189. South Korea Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 190. South Korea Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 191. Australia Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 192. Australia Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 193. Australia Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 194. Australia Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 195. Rest of Asia-Pacific Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 196. Rest of Asia-Pacific Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 197. Rest of Asia-Pacific Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 198. Rest of Asia-Pacific Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 199. Europe Hydrogen Fuel Cells, by Country USD Million (2025-2030)
  • Table 200. Europe Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 201. Europe Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 202. Europe Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 203. Europe Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 204. Germany Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 205. Germany Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 206. Germany Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 207. Germany Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 208. France Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 209. France Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 210. France Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 211. France Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 212. Italy Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 213. Italy Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 214. Italy Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 215. Italy Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 216. United Kingdom Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 217. United Kingdom Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 218. United Kingdom Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 219. United Kingdom Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 220. Netherlands Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 221. Netherlands Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 222. Netherlands Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 223. Netherlands Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 224. Rest of Europe Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 225. Rest of Europe Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 226. Rest of Europe Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 227. Rest of Europe Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 228. MEA Hydrogen Fuel Cells, by Country USD Million (2025-2030)
  • Table 229. MEA Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 230. MEA Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 231. MEA Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 232. MEA Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 233. Middle East Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 234. Middle East Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 235. Middle East Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 236. Middle East Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 237. Africa Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 238. Africa Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 239. Africa Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 240. Africa Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 241. North America Hydrogen Fuel Cells, by Country USD Million (2025-2030)
  • Table 242. North America Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 243. North America Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 244. North America Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 245. North America Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 246. United States Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 247. United States Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 248. United States Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 249. United States Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 250. Canada Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 251. Canada Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 252. Canada Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 253. Canada Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 254. Mexico Hydrogen Fuel Cells, by Type USD Million (2025-2030)
  • Table 255. Mexico Hydrogen Fuel Cells, by Application USD Million (2025-2030)
  • Table 256. Mexico Hydrogen Fuel Cells, by Fuel Cell Technology USD Million (2025-2030)
  • Table 257. Mexico Hydrogen Fuel Cells, by End User USD Million (2025-2030)
  • Table 258. Hydrogen Fuel Cells: by Type(USD/Units)
  • Table 259. Research Programs/Design for This Report
  • Table 260. Key Data Information from Secondary Sources
  • Table 261. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Hydrogen Fuel Cells: by Type USD Million (2018-2023)
  • Figure 5. Global Hydrogen Fuel Cells: by Application USD Million (2018-2023)
  • Figure 6. Global Hydrogen Fuel Cells: by Fuel Cell Technology USD Million (2018-2023)
  • Figure 7. Global Hydrogen Fuel Cells: by End User USD Million (2018-2023)
  • Figure 8. South America Hydrogen Fuel Cells Share (%), by Country
  • Figure 9. Asia Pacific Hydrogen Fuel Cells Share (%), by Country
  • Figure 10. Europe Hydrogen Fuel Cells Share (%), by Country
  • Figure 11. MEA Hydrogen Fuel Cells Share (%), by Country
  • Figure 12. North America Hydrogen Fuel Cells Share (%), by Country
  • Figure 13. Global Hydrogen Fuel Cells: by Type USD/Units (2018-2023)
  • Figure 14. Global Hydrogen Fuel Cells share by Players 2023 (%)
  • Figure 15. Global Hydrogen Fuel Cells share by Players (Top 3) 2023(%)
  • Figure 16. Global Hydrogen Fuel Cells share by Players (Top 5) 2023(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Ballard Power Systems Inc. (Canada) Revenue, Net Income and Gross profit
  • Figure 19. Ballard Power Systems Inc. (Canada) Revenue: by Geography 2023
  • Figure 20. Toshiba Corporation (Japan) Revenue, Net Income and Gross profit
  • Figure 21. Toshiba Corporation (Japan) Revenue: by Geography 2023
  • Figure 22. PLUG Power (United States) Revenue, Net Income and Gross profit
  • Figure 23. PLUG Power (United States) Revenue: by Geography 2023
  • Figure 24. Fuelcell Energy (United States) Revenue, Net Income and Gross profit
  • Figure 25. Fuelcell Energy (United States) Revenue: by Geography 2023
  • Figure 26. Hydrogenics (Canada) Revenue, Net Income and Gross profit
  • Figure 27. Hydrogenics (Canada) Revenue: by Geography 2023
  • Figure 28. Doosan Fuel Cell (United States) Revenue, Net Income and Gross profit
  • Figure 29. Doosan Fuel Cell (United States) Revenue: by Geography 2023
  • Figure 30. Horizon (United States) Revenue, Net Income and Gross profit
  • Figure 31. Horizon (United States) Revenue: by Geography 2023
  • Figure 32. Intelligent Energy (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 33. Intelligent Energy (United Kingdom) Revenue: by Geography 2023
  • Figure 34. Hyster-Yale Group (United States) Revenue, Net Income and Gross profit
  • Figure 35. Hyster-Yale Group (United States) Revenue: by Geography 2023
  • Figure 36. Nedstack (Netherlands) Revenue, Net Income and Gross profit
  • Figure 37. Nedstack (Netherlands) Revenue: by Geography 2023
  • Figure 38. Global Hydrogen Fuel Cells: by Type USD Million (2025-2030)
  • Figure 39. Global Hydrogen Fuel Cells: by Application USD Million (2025-2030)
  • Figure 40. Global Hydrogen Fuel Cells: by Fuel Cell Technology USD Million (2025-2030)
  • Figure 41. Global Hydrogen Fuel Cells: by End User USD Million (2025-2030)
  • Figure 42. South America Hydrogen Fuel Cells Share (%), by Country
  • Figure 43. Asia Pacific Hydrogen Fuel Cells Share (%), by Country
  • Figure 44. Europe Hydrogen Fuel Cells Share (%), by Country
  • Figure 45. MEA Hydrogen Fuel Cells Share (%), by Country
  • Figure 46. North America Hydrogen Fuel Cells Share (%), by Country
  • Figure 47. Global Hydrogen Fuel Cells: by Type USD/Units (2025-2030)
List of companies from research coverage that are profiled in the study
  • Ballard Power Systems Inc. (Canada)
  • Toshiba Corporation (Japan)
  • PLUG Power (United States)
  • Fuelcell Energy (United States)
  • Hydrogenics (Canada)
  • Doosan Fuel Cell (United States)
  • Horizon (United States)
  • Intelligent Energy (United Kingdom)
  • Hyster-Yale Group (United States)
  • Nedstack (Netherlands)
Additional players considered in the study are as follows:
Pearl Hydrogen (China) , Sunrise Power (United States) , Nikola Corporation (United States) , FirstElement Fuel Inc. (United States)
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Key Highlights of Report


Mar 2024 244 Pages 93 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as Ballard Power Systems Inc. (Canada), Toshiba Corporation (Japan), PLUG Power (United States), Fuelcell Energy (United States), Hydrogenics (Canada), Doosan Fuel Cell (United States), Horizon (United States), Intelligent Energy (United Kingdom), Hyster-Yale Group (United States) and Nedstack (Netherlands) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Growing Need for Clean Energy" is seen as one of major influencing trends for Hydrogen Fuel Cells Market during projected period 2023-2030.
The Hydrogen Fuel Cells market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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