Fuel Cells Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global fuel cell market size is estimated at USD 10.48 billion in 2019, recording a CAGR of 15% over the forecast period. Growing demand for unconventional energy sources is one of the key factors driving growth. The growth of private-public partnerships and reduced environmental impact are other factors that are expected to drive demand. Governments around the world are expected to supplement the development by providing various forms of support, such as funding research activities and appropriate funding programs. It is especially important to develop a strong regulatory and policy framework as government companies must provide an environment suitable for investment.

Key Market Players          

Bloom Energy (US), Ceres Power (UK), Mitsubishi Power (Japan), Aisin Seiki Co (Japan), and Hitachi Zosen (Japan) are the leading players in the Fuel Cells Market Sunfire (Germany), Convion (Finland), Kyocera (Japan), Elcogen (Estonia), SOLIDPower (Italy), Watt Fuel Cell Corporation (US), H2E Power (India), ZTEK Corporation (US), Fuel Cell Energy (US), Doosan Fuel Cell (US), and POSCO Energy (South Korea) and others are other players operating in the market are the leading players in the global solid oxide fuel cell.  

Fuel Cells Market Segmentation

By Product Type

• Solid Oxide Fuel Cells (SOFC)
• Proton Exchange Membrane Fuel Cells (PEMFC)
• Molten Carbonate Fuel Cells
• Phosphoric Acid Fuel Cells
• Others (Direct Methanol Fuel Cells, Alkaline Fuel Cells, Direct Carbon Fuel Cells)

By Application

• Portable
• Stationary
• Transport

Recent Developments

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

Geographic Coverage

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

Key Questions Answered by Fuel Cells Market Report

• What was the Fuel Cells Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Fuel Cells 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 Cells 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.