Germany Proton Exchange Membrane Fuel Cell Market Size & Outlook
Germany proton exchange membrane fuel cell market, 2018-2030 (US$M)
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Germany proton exchange membrane fuel cell market highlights
- The Germany proton exchange membrane fuel cell market generated a revenue of USD 247.5 million in 2023 and is expected to reach USD 738.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 16.9% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- Portable is the most lucrative application segment registering the fastest growth during the forecast period.
Proton exchange membrane fuel cell market data book summary
| Market revenue in 2023 | USD 247.5 million |
| Market revenue in 2030 | USD 738.2 million |
| Growth rate | 16.9% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Portable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Stationery, Portable |
| Key market players worldwide | Plug Power Inc, ITM Power PLC, Ballard Power Systems Inc, PowerCell Sweden AB, Cummins Inc, Oxford Instruments PLC, Intelligent Energy, Australian Vanadium Ltd, FuelCell Energy Inc, Horizon Oil Ltd |
Other key industry trends
- In terms of revenue, Germany accounted for 5.7% of the global proton exchange membrane fuel cell market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany proton exchange membrane fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 34.2 million by 2030.
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Proton Exchange Membrane Fuel Cell Market Scope
Proton Exchange Membrane Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany proton exchange membrane 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 proton exchange membrane fuel cell market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 78.22% in 2023. Horizon Databook has segmented the Germany proton exchange membrane fuel cell market based on automotive, stationery, portable covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the leading markets for PEMFCs in Europe. This is because the country has structured energy policies and concrete targets that have been formulated by its government.
The development of technologies related to fuel cells in Germany in the future has also been defined in the existing energy policies of the country. Research, development, and demonstration of hydrogen generation projects are carried out at the national level in Germany with the support of designated agencies to reduce the time to market of relevant products.
This can be achieved by the plan of the government of the country that outlines three transformation levels for making Germany a low-carbon economy. It also offers guiding principles for the transformation of the energy, industrial, building, transportation, and agricultural sectors in the country until 2050.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany proton exchange membrane fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Germany proton exchange membrane fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany proton exchange membrane fuel cell market size, by application, 2018-2030 (US$M)
Germany Proton Exchange Membrane Fuel Cell Market Outlook Share, 2023 & 2030 (US$M)
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