Fuel Cell Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The fuel cell market is expected to reach approximately USD 7.12 billion by 2026, from USD 2.83 billion in 2019, at a CAGR of approximately 14% over the forecast period 2021-2027. The global fuel cell market in the form of supply chain disruptions, project delays and lack of financial support for R&D activities. The introduction of government initiatives in key markets and increasing investment support from the private sector are expected to act as a driving force for the market in the coming years. Meanwhile, one of the biggest competitors of fuel cells in today’s clean fuel vehicle market is batteries.

Major Players

• Ballard Power Systems Inc.
• FuelCell Energy Inc.
• Plug Power Inc.
• Mitsubishi Power, Ltd.
• Cummins Inc.

Fuel Cell Market- Segmentation

By Application

• Vehicular
• Non-vehicular

By Technology

• Polymer Electrolyte Membrane Fuel Cell (PEMFC)
• Solid Oxide Fuel Cell (SOFC)
• Other Fuel Cell Technologies

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Fuel Cell Market Report

• What was the Fuel Cell Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Fuel Cell Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Fuel Cell Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.