Global and United States Fuel Cell Market Insights, Forecast to 2027

A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen (usually from air) to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from metals and their ions or oxides that are commonly already present in the battery, except in flow batteries. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.
The major players in global Fuel Cell market include Bloom Energy, Panasonic, Toshiba ESS, etc. The top 3 players occupy about 50% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 60% of the global market. PEMFCs is the main type, with a share about 70%. Stationary is the main application, which holds a share about 70%.

Market Analysis and Insights: Global and United States Fuel Cell Market
This report focuses on global and United States Fuel Cell market.
In 2020, the global Fuel Cell market size was US$ 4331 million and it is expected to reach US$ 15820 million by the end of 2027, with a CAGR of 20.4% during 2021-2027. In United States the Fuel Cell market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Fuel Cell Scope and Market Size
Fuel Cell market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Fuel Cell market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Fuel Cell market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
PEMFCs
SOFC
MCFC
PAFC
Others

Segment by Application
Transport
Stationary
Portable

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Bloom Energy
Panasonic
Toshiba ESS
Aisin Seiki
Plug Power
Ballard Power Systems
Mitsubishi
Doosan
FuelCell Energy
POSCO Energy
Hydrogenics
SOLIDpower
Ceres Power
Horizon Fuel Cell Technologies
Convion

Frequently Asked Questions