Hydrogen and Fuel Cells Market

Hydrogen and Fuel Cells use hydrogen as a chemical element, and are made into batteries that store energy. The basic principle is the reverse reaction of electrolysis of water, hydrogen and oxygen were supplied to the cathode and anode, hydrogen diffusion through the cathode and the electrolyte reaction, the release of electrons through the external load to reach the anode.
Hydrogen and Fuel Cells Market aims to provide a comprehensive presentation of the global market for Hydrogen and Fuel Cells, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogen and Fuel Cells. Hydrogen and Fuel Cells Market contains market size and forecasts of Hydrogen and Fuel Cells in global, including the following market information:
Global Hydrogen and Fuel Cells Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Hydrogen and Fuel Cells Market Sales, 2018-2023, 2024-2029, (GWh)
Global top five Hydrogen and Fuel Cells companies in 2022 (%)
The global Hydrogen and Fuel Cells market was valued at US$ 3391.8 million in 2022 and is projected to reach US$ 23280 million by 2029, at a CAGR of 31.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Traditionally, North American market develops significantly due to commercialization and adoption of electric vehicles. However, Asia Pacific emerges as a growing market in terms of shipment in 2019. Growing demand for new energy vehicles and power systems in APAC market triggers the market demand.
The hydrogen and fuel cells market, by type, is segmented into air-cooled type and transport-cooled type, and air-cooled system accounted for the largest market share in 2019.
Growing demand for clean energy generation and reliance on hydrogen and fuel cells-based public transportation systems in developed regions is driving market growth. Moreover, advantages offered by air-cooled system, such as structure is simple, light weight, the price is relatively cheap are likely to drive the demand for air-cooled system during the forecast period.
Power based electricity generation is effective in minimizing emission of carbon dioxide or any other hazardous pollutants. Hence, hydrogen and fuel cells technology plays a vital role in dealing with environmental issues as well as encouraging the use of renewable carriers of energy. Ongoing product developments and innovation is expected to open new opportunities for emerging players.
We surveyed the Hydrogen and Fuel Cells manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hydrogen and Fuel Cells Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (GWh)
Global Hydrogen and Fuel Cells Market Segment Percentages, by Type, 2022 (%)
Air-Cooled
Water-Cooled
Global Hydrogen and Fuel Cells Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (GWh)
Global Hydrogen and Fuel Cells Market Segment Percentages, by Application, 2022 (%)
Stationary
Transport
Portable
Global Hydrogen and Fuel Cells Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (GWh)
Global Hydrogen and Fuel Cells Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hydrogen and Fuel Cells revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hydrogen and Fuel Cells revenues share in global market, 2022 (%)
Key companies Hydrogen and Fuel Cells sales in global market, 2018-2023 (Estimated), (GWh)
Key companies Hydrogen and Fuel Cells sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Panasonic
Plug Power
Toshiba ESS
Ballard
SinoHytec
Hydrogenics
Honda
Hyundai Mobis
Toyota Denso
Elring Klinger
Bosch/Powercell
Symbio
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hydrogen and Fuel Cells, market overview.
Chapter 2: Global Hydrogen and Fuel Cells market size in revenue and volume.
Chapter 3: Detailed analysis of Hydrogen and Fuel Cells manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hydrogen and Fuel Cells in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hydrogen and Fuel Cells capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.