Brazil Fuel Cell Market Size & Outlook, 2023-2030
Brazil fuel cell market, 2018-2030 (US$M)
Related Markets
Brazil fuel cell market highlights
- The Brazil fuel cell market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 1.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, pemfc was the largest revenue generating product in 2023.
- PEMFC is the most lucrative product segment registering the fastest growth during the forecast period.
Fuel cell market data book summary
| Market revenue in 2023 | USD 0.3 million |
| Market revenue in 2030 | USD 1.2 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | PEMFC |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PEMFC |
| Key market players worldwide | Ballard Power Systems Inc, Bloom Energy Corp Class A, Ceres Power Holdings PLC, Doosan Fuel Cell Ordinary Shares, FuelCell Energy Inc, Plug Power Inc, SFC Energy AG, Cummins Inc, Nedstack Fuel Cell Technology, Hyster-Yale Materials Handling Inc Class A |
Other key industry trends
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Fuel Cell Market Scope
Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 100% in 2023. Horizon Databook has segmented the Brazil fuel cell market based on pemfc covering the revenue growth of each sub-segment from 2018 to 2030.
Brazilian/German Industry and Commerce Association (AHK) in June 2020 initiated a project with GIZ and MME to prepare a study named “Sector Mapping Hydrogen Brazil” The objective was to identify major stakeholders for the Brazilian Green Hydrogen Roadmap.
In addition, the study will also provide an overview of the major technologies related to hydrogen production, fuel cell, and power-to-X, and will indicate their status in the country. The demand for fuel cells in transportation industry in Brazil is expected to increase owing to the strategic collaboration by automotive players in the country.
For instance, Grove Hydrogen Automotive Co., Ltd., a fuel cell vehicle manufacturer, entered in a cooperation program with Minas Gerais state government in April 2019. Under this cooperation, Grove Hydrogen Automotive Co., Ltd. will manufacture its fuel cell vehicles in the state and will sell throughout the country. These developments are likely to augment the growth of fuel cell market in Brazil in the coming years.
Reasons to subscribe to Brazil fuel cell market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Brazil fuel cell market databook
-
Our clientele includes a mix of fuel cell market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Brazil fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil fuel cell market size, by product, 2018-2030 (US$M)
Brazil Fuel Cell Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
