Global Fuel Cell Market Size & Outlook, 2023-2030
Global fuel cell market, 2018-2030 (US$M)
Related Markets
Global fuel cell market highlights
- The global fuel cell market generated a revenue of USD 7,349.1 million in 2023 and is expected to reach USD 27,898.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 21% by 2030.
- In terms of segment, pemfc accounted for a revenue of USD 4,481.2 million in 2023.
- SOFC is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,349.1 million |
| Market revenue in 2030 | USD 27,898.2 million |
| Growth rate | 21% (CAGR from 2023 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | SOFC |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PEMFC, PAFC, SOFC, MCFC |
Other key industry trends
- In terms of revenue, the North America accounted for 19.0% of the global fuel cell market in 2023.
- By country, the Japan is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 8,121.2 million by 2030.
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Fuel Cell Market Scope
Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fuel cell market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fuel cell market will help companies and investors design strategic landscapes.
Pemfc was the largest segment with a revenue share of 60.98% in 2023. Horizon Databook has segmented the Global fuel cell market based on pemfc, pafc, sofc, mcfc covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fuel Cell Product Outlook (Revenue, USD Million, 2018-2030)
- PEMFC
- PAFC
- SOFC
- MCFC
- Others
- Global Fuel Cell Application Outlook (Revenue, USD Million, 2018-2030)
- Stationary
- Transportation
- Portable
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Target buyers of Global fuel cell market databook
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Our clientele includes a mix of fuel cell market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fuel cell market , including forecasts for subscribers. This global databook contains high-level insights into Global fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global fuel cell market size, by region, 2018-2030 (US$M)
Top 10 countries: Fuel cell market size, 2023 (US$M)
Global fuel cell market share, by product, 2023 & 2030 (%, US$M)
Fuel cell market: Opportunity assessment by country
Global fuel cell market, by region, 2023 (US$M)
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