Fuel Cells

Fuel Cells
Global Fuel Cells Market to Reach $40.7 Billion by 2030
The global market for Fuel Cells estimated at US$9.7 Billion in the year 2022, is projected to reach a revised size of US$40.7 Billion by 2030, growing at a CAGR of 19.7% over the period 2022-2030. Proton Exchange Membrane, one of the segments analyzed in the report, is projected to record 19.7% CAGR and reach US$26.8 Billion by the end of the analysis period. Growth in the Phosphoric Acid segment is estimated at 20.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 27.5% CAGR
The Fuel Cells market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 27.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 19.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.5% CAGR.Select Competitors (Total 151 Featured) - Ballard Power Systems, Inc.Bloom Energy CorporationAltergy SystemsCeres Power Holdings PLCAFC Energy PLCArcola Energy Ltd.Antig Technology Co. Ltd.BayoTech Inc.AllathermAlvatek LimitedAspen Systems, LLC.Air Products Inc.Coatema Coating MachineryCandleLandChung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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