France Fuel Cell Market Size & Outlook, 2023-2030
France fuel cell market, 2018-2030 (US$M)
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France fuel cell market highlights
- The France fuel cell market generated a revenue of USD 53.2 million in 2023 and is expected to reach USD 228.9 million by 2030.
- The France market is expected to grow at a CAGR of 23.2% from 2024 to 2030.
- In terms of segment, pemfc was the largest revenue generating product in 2023.
- SOFC 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 53.2 million |
| Market revenue in 2030 | USD 228.9 million |
| Growth rate | 23.2% (CAGR from 2023 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | SOFC |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PEMFC, SOFC |
| 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
- In terms of revenue, France accounted for 0.7% of the global fuel cell market in 2023.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 228.9 million by 2030.
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Fuel Cell Market Scope
Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France 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 72.74% in 2023. Horizon Databook has segmented the France fuel cell market based on pemfc, sofc covering the revenue growth of each sub-segment from 2018 to 2030.
In 2014, the coalition of public and private organizations in France developed National Implementation Plan for the deployment of hydrogen infrastructure. The coalition aimed to develop a flexible hydrogen mobility plan in a phased manner.
This was done to manage risks and amount of investment required for the project development at each stage. Initially, regional clusters were chosen for the development of projects based on factors such as captive fleets and request by customers. The French government introduced “plan Hydrogène” in June 2018 to enhance the development of hydrogen infrastructure across France.
Through this, France aims to become the global leader in terms of the utilization of hydrogen technology. The main aims of this plan are to make industrial sector carbonfree, to develop renewable energy storage, and to deploy zero-emission solutions for road, rail, & water transportation in transportation sector.
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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 country-level data and insights on the France fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into France fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France fuel cell market size, by product, 2018-2030 (US$M)
France Fuel Cell Market Outlook Share, 2023 & 2030 (US$M)
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