Fuel Cell Global Market Report 2025 Including: 1) By Type: Polymer Electrolyte Membrane Fuel Cells (PEM); Molten Carbonate Fuel Cells (MCFC); Phosphoric Acid Fuel Cells (PAFC); Solid Oxide Fuel Cells (SOFC); Direct Methanol Fuel Cells (DMFC) 2) By Applica

Fuel Cell Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fuel cell market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Description:

Where is the largest and fastest growing market for fuel cell ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fuel cell market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope

Markets Covered:1) By Type: Polymer Electrolyte Membrane Fuel Cells (PEM); Molten Carbonate Fuel Cells (MCFC); Phosphoric Acid Fuel Cells (PAFC); Solid Oxide Fuel Cells (SOFC); Direct Methanol Fuel Cells (DMFC); Other Types

2) By Application: Portable; Stationary; Transport

3) By End User: Commercial and Industrial; Data Centers; Transportation; Military and Defense; Utilities and Government; Other End Users

Subsegments:

1) By Polymer Electrolyte Membrane Fuel Cells (PEM): Low-Temperature PEM; High-Temperature PEM

2) By Molten Carbonate Fuel Cells (MCFC): Large-Scale MCFC; Small-Scale MCFC

3) By Phosphoric Acid Fuel Cells (PAFC): Stationary PAFC; Mobile PAFC

4) By Solid Oxide Fuel Cells (SOFC): Planar SOFC; Tubular SOFC

5) By Direct Methanol Fuel Cells (DMFC): Portable DMFC; Stationary DMFC

6) By Other Types: Alkaline Fuel Cells (AFC); Reformed Fuel Cells; Hybrid Fuel Cells.

Companies Mentioned: Ballard Power Systems Inc.; Proton Motor Fuel Cell GmbH; AFC Energy PLC.; FuelCell Energy Inc.; SFC Energy AG

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.


1. Executive Summary
2. Fuel Cell Market Characteristics
3. Fuel Cell Market Trends And Strategies
4. Fuel Cell Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Fuel Cell Growth Analysis And Strategic Analysis Framework
5.1. Global Fuel Cell PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Fuel Cell Market Growth Rate Analysis
5.4. Global Fuel Cell Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Fuel Cell Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Fuel Cell Total Addressable Market (TAM)
6. Fuel Cell Market Segmentation
6.1. Global Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Polymer Electrolyte Membrane Fuel Cells (PEM)
Molten Carbonate Fuel Cells (MCFC)
Phosphoric Acid Fuel Cells (PAFC)
Solid Oxide Fuel Cells (SOFC)
Direct Methanol Fuel Cells (DMFC)
Other Types
6.2. Global Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Portable
Stationary
Transport
6.3. Global Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Commercial and Industrial
Data Centres
Transportation
Military and Defense
Utiilities and Government
Other End Users
6.4. Global Fuel Cell Market, Sub-Segmentation Of Polymer Electrolyte Membrane Fuel Cells (PEM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Low-Temperature PEM
High-Temperature PEM
6.5. Global Fuel Cell Market, Sub-Segmentation Of Molten Carbonate Fuel Cells (MCFC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Large-Scale MCFC
Small-Scale MCFC
6.6. Global Fuel Cell Market, Sub-Segmentation Of Phosphoric Acid Fuel Cells (PAFC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Stationary PAFC
Mobile PAFC
6.7. Global Fuel Cell Market, Sub-Segmentation Of Solid Oxide Fuel Cells (SOFC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Planar SOFC
Tubular SOFC
6.8. Global Fuel Cell Market, Sub-Segmentation Of Direct Methanol Fuel Cells (DMFC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Portable DMFC
Stationary DMFC
6.9. Global Fuel Cell Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Alkaline Fuel Cells (AFC)
Reformed Fuel Cells
Hybrid Fuel Cells
7. Fuel Cell Market Regional And Country Analysis
7.1. Global Fuel Cell Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Fuel Cell Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Fuel Cell Market
8.1. Asia-Pacific Fuel Cell Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Fuel Cell Market
9.1. China Fuel Cell Market Overview
9.2. China Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Fuel Cell Market
10.1. India Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Fuel Cell Market
11.1. Japan Fuel Cell Market Overview
11.2. Japan Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Fuel Cell Market
12.1. Australia Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Fuel Cell Market
13.1. Indonesia Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Fuel Cell Market
14.1. South Korea Fuel Cell Market Overview
14.2. South Korea Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Fuel Cell Market
15.1. Western Europe Fuel Cell Market Overview
15.2. Western Europe Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Fuel Cell Market
16.1. UK Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Fuel Cell Market
17.1. Germany Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Fuel Cell Market
18.1. France Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Fuel Cell Market
19.1. Italy Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Fuel Cell Market
20.1. Spain Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Fuel Cell Market
21.1. Eastern Europe Fuel Cell Market Overview
21.2. Eastern Europe Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Fuel Cell Market
22.1. Russia Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Fuel Cell Market
23.1. North America Fuel Cell Market Overview
23.2. North America Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Fuel Cell Market
24.1. USA Fuel Cell Market Overview
24.2. USA Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Fuel Cell Market
25.1. Canada Fuel Cell Market Overview
25.2. Canada Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Fuel Cell Market
26.1. South America Fuel Cell Market Overview
26.2. South America Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Fuel Cell Market
27.1. Brazil Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Fuel Cell Market
28.1. Middle East Fuel Cell Market Overview
28.2. Middle East Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Fuel Cell Market
29.1. Africa Fuel Cell Market Overview
29.2. Africa Fuel Cell Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Fuel Cell Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Fuel Cell Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Fuel Cell Market Competitive Landscape And Company Profiles
30.1. Fuel Cell Market Competitive Landscape
30.2. Fuel Cell Market Company Profiles
30.2.1. Ballard Power Systems Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Proton Motor Fuel Cell GmbH Overview, Products and Services, Strategy and Financial Analysis
30.2.3. AFC Energy PLC. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. FuelCell Energy Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.5. SFC Energy AG Overview, Products and Services, Strategy and Financial Analysis
31. Fuel Cell Market Other Major And Innovative Companies
31.1. Pragma Industries SAS
31.2. Cummins Inc.
31.3. Horizon Fuel Cell Technologies Pte Ltd.
31.4. Nuvera Fuel Cells LLC
31.5. Doosan Fuel Cell America Inc.
31.6. Solidpower S.p.A.
31.7. Convion Oy
31.8. Hydrogenics Corporation
31.9. Panasonic Corporation
31.10. Plug Power Inc.
31.11. Toshiba Corporation
31.12. Nedstack Fuel Cell Technology BV
31.13. Bloom Energy Corporation
31.14. Intelligent Energy Holdings PLC
31.15. Ceres Power Holdings PLC
32. Global Fuel Cell Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Fuel Cell Market
34. Recent Developments In The Fuel Cell Market
35. Fuel Cell Market High Potential Countries, Segments and Strategies
35.1 Fuel Cell Market In 2029 - Countries Offering Most New Opportunities
35.2 Fuel Cell Market In 2029 - Segments Offering Most New Opportunities
35.3 Fuel Cell Market In 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

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