Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
水素燃料電池の世界市場は、2024 年の 51 億ドルから 2029 年までに 110 億ドルに達し、2024 年から 2029 年までの年間平均成長率 (CAGR) は 16.5% になると推定されています。
Report Scope
The global hydrogen fuel cell market determines the segments by product type, technology, application and regional market analysis. This report covers the hydrogen fuel cells used in stationary, portable and mobile applications. The applications considered in this study are combined heat and power (CHP), stationary power supply units, auxiliary power units and vehicle propulsion systems. Other applications include fuel cell electrolyzers, which use electricity as input and produce hydrogen as output. These are not included in the scope of the report.
The market sizing has been provided in value ($ millions) and volume (gigawatts). The report also covers competitive intelligence, which covers the market share of prominent companies based on their product offerings and revenues generated from the fuel cell business. It also provides details of global market dynamics, emerging technologies and developments happening in the industry.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
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| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $4.5 billion | ||||||||||||||||
| Market size forecast | $11.0 billion | ||||||||||||||||
| Growth rate | CAGR of 16.5% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Product Type, Technology, Application | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Japan, South Korea, China, Middle East and Africa, South America | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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