Market revenue in 2023 | USD 971.2 million |
Market revenue in 2030 | USD 3,327.2 million |
Growth rate | 19.2% (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 |
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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 69.88% in 2023. Horizon Databook has segmented the U.S. proton exchange membrane fuel cell market based on automotive, stationery, portable covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is an early adopter of clean energy solutions in power generation and transportation sectors due to the increased importance given to clean energy solutions under the Energy Act introduced by the country's government.
Such initiatives by the government of the U.S. have provided a starting guideline for implementing clean energy solutions in the country's energy generation sector. They have also helped in the formulation of relevant policies and regulations to cater to the requirements of the country's power generation and transportation sectors.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. proton exchange membrane fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into U.S. proton exchange membrane fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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