The Global Hydrogen Fuel Cells Market is accounted for $476.78 million in 2017 and is expected to reach $68.08 billion by 2030 growing at a CAGR of 69.5% during the forecast period.
Rising adoption of electric and hybrid vehicles, increasing demand in the telecommunications, automotive and residential micro-CHP sector, and diminishing dependence on non-renewable energy sources are some of the factors boosting the market growth. However, the high cost of switching to this technology and reduced hydrogen refilling stations are restraining the market growth. Moreover, expanding the take-up of novel techniques for the decrease in fuel costs among the fuel makers is providing ample growth opportunities for the market.
A hydrogen fuel cell is a device that changes over hydrogen and oxygen into water, and all the while produces electricity. In a hydrogen fuel cells device, the flow of chemicals into cells is continuous, thereby ensuring that the battery does not go dead. Hydrogen fuel cells are being used as an alternative fuel in automobiles, in portable power systems, and also for power generation.
Based on the product, the air-cooled type segment is likely to have a huge demand during the forecast period, because this type uses two primary methods, like active and passive methods. Both of these methods offer efficient and cost-effective cooling, which promote their growth. By Geography, Asia Pacific is significantly growing during the forecast period due to the increasing population and growing disposable income.
Some of the key players profiled in the Hydrogen Fuel Cells market include Toshiba Corporation, Sunrise Power, SFC Energy AG, Plug Power Inc, Pearl Hydrogen, Panasonic Corporation, Nedstack Fuel Cells Technology B.V., Intelligent Energy, Hyster-Yale Group, Hydrogenics, Fuelcell Energy , Doosan Fuel Cell, ClearEdge Power , Ballard Power and AFC Energy PLC.
Market Segmentation
By Product Type
By Vehicle Type
By Technology Type
By Application Outlook
By End-Use
By Region
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hydrogen Fuel Cells Market, By Type
5.1 Introduction
5.2 Solid Oxide Fuel Cells
5.3 Polymer Exchange Membrane Fuel Cells
5.4 Direct Methanol Fuel Cells
5.5 Other Types
5.5.1 Phosphoric acid fuel cells
5.5.2 Alkaline fuel cells
6 Global Hydrogen Fuel Cells Market, By Product
6.1 Introduction
6.2 Water-cooled Type
6.3 Air-cooled Type
7 Global Hydrogen Fuel Cells Market, By Application
7.1 Introduction
7.2 Transport
7.3 Stationary
7.4 Portable
8 Global Hydrogen Fuel Cells Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Toshiba Corporation
10.2 Sunrise Power
10.3 SFC Energy AG
10.4 Plug Power Inc
10.5 Pearl Hydrogen
10.6 Panasonic Corporation
10.7 Nedstack Fuel Cells Technology B.V.
10.8 Intelligent Energy
10.9 Hyster-Yale Group
10.10 Hydrogenics
10.11 Fuelcell Energy
10.12 Doosan Fuel Cell
10.13 ClearEdge Power
10.14 Ballard Power
10.15 AFC Energy PLC
List of Tables
1 Global Hydrogen Fuel Cells Market Outlook, By Region (2017-2030) (US $MN)
2 Global Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
3 Global Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
4 Global Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
5 Global Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
6 Global Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
7 Global Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
8 Global Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
9 Global Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
10 Global Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
11 Global Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
12 Global Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
13 Global Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
14 Global Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
15 Global Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
16 North America Hydrogen Fuel Cells Market Outlook, By Country (2017-2030) (US $MN)
17 North America Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
18 North America Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
19 North America Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
20 North America Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
21 North America Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
22 North America Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
23 North America Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
24 North America Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
25 North America Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
26 North America Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
27 North America Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
28 North America Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
29 North America Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
30 North America Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
31 Europe Hydrogen Fuel Cells Market Outlook, By Country (2017-2030) (US $MN)
32 Europe Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
33 Europe Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
34 Europe Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
35 Europe Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
36 Europe Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
37 Europe Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
38 Europe Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
39 Europe Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
40 Europe Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
41 Europe Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
42 Europe Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
43 Europe Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
44 Europe Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
45 Europe Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
46 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Country (2017-2030) (US $MN)
47 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
48 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
49 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
50 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
51 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
52 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
53 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
54 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
55 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
56 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
57 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
58 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
59 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
60 Asia Pacific Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
61 South America Hydrogen Fuel Cells Market Outlook, By Country (2017-2030) (US $MN)
62 South America Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
63 South America Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
64 South America Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
65 South America Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
66 South America Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
67 South America Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
68 South America Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
69 South America Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
70 South America Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
71 South America Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
72 South America Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
73 South America Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
74 South America Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
75 South America Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
76 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Country (2017-2030) (US $MN)
77 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Type (2017-2030) (US $MN)
78 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Solid Oxide Fuel Cells (2017-2030) (US $MN)
79 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Polymer Exchange Membrane Fuel Cells (2017-2030) (US $MN)
80 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Direct Methanol Fuel Cells (2017-2030) (US $MN)
81 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Other Types (2017-2030) (US $MN)
82 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Phosphoric acid fuel cells (2017-2030) (US $MN)
83 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Alkaline fuel cells (2017-2030) (US $MN)
84 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Product (2017-2030) (US $MN)
85 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Water-cooled Type (2017-2030) (US $MN)
86 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Air-cooled Type (2017-2030) (US $MN)
87 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Application (2017-2030) (US $MN)
88 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Transport (2017-2030) (US $MN)
89 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Stationary (2017-2030) (US $MN)
90 Middle East & Africa Hydrogen Fuel Cells Market Outlook, By Portable (2017-2030) (US $MN)
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 DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers