Global Hydrogen Fuel Cells Sales Market Report 2023

Market Analysis and Insights: Global Hydrogen Fuel Cells Market

This report studies the Hydrogen Fuel Cell market, Hydrogen Fuel Cell use hydrogen as a chemical element, and are made into batteries that store energy. The basic principle is the reverse reaction of electrolysis of water, hydrogen and oxygen were supplied to the cathode and anode, hydrogen diffusion through the cathode and the electrolyte reaction, the release of electrons through the external load to reach the anode.

A hydrogen fuel cell is a power plant that utilizes the inverse process of electrolyzed water to generate electricity as well as the only emissions: water. Clean and environmentally friendly, and high energy density, compared to the battery on the market can have a longer battery life.

Due to the COVID-19 pandemic, the global Hydrogen Fuel Cells market size is estimated to be worth US$ 3012 million in 2022 and is forecast to a readjusted size of US$ 18440 million by 2029 with a CAGR of 28.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, PEMFC accounting for % of the Hydrogen Fuel Cells global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Distributed Generation segment is altered to an % CAGR throughout this forecast period.

Global key players are Panasonic, Plug Power, Toshiba ESS etc. Top 3 companies occupied about 60% market share.Asia-Pacificis the largest market with about 45% market share. North America and Europe are follower, accounting for about 50% market share.In terms of product, air-cooled type is the largest segment, with a share over 60%. And in terms of application, the largest application is stationary, followed by transport.

Global Hydrogen Fuel Cells Scope and Market Size

The global Hydrogen Fuel Cells market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Hydrogen Fuel Cells market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


PEMFC

SOFC



Segment by Application


Distributed Generation

Car

Ship

Mobile Power Supply


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


Panasonic

Plug Power

Toshiba ESS

Bloom Energy

Ballard

SinoHytec

Hydrogenics

Honda

Hyundai Mobis

Toyota Denso

Elring Klinger

Bosch/Powercell

Symbio

Pearl Hydrogen

Sunrise Power

Hyster-Yale Group

Advent Technologies

GenCell

Nikola