Global Hydrogen and Fuel Cells Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Hydrogen and Fuel Cells Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030


Hydrogen and Fuel Cells 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.

According to our (Global Info Research) latest study, the global Hydrogen and Fuel Cells market size was valued at US$ 4610 million in 2023 and is forecast to a readjusted size of USD 32120 million by 2030 with a CAGR of 32.3% during review period.

Traditionally, North American market develops significantly due to commercialization and adoption of electric vehicles. However, Asia Pacific emerges as a growing market in terms of shipment in 2019. Growing demand for new energy vehicles and power systems in APAC market triggers the market demand.

The hydrogen and fuel cells market, by type, is segmented into air-cooled type and transport-cooled type, and air-cooled system accounted for the largest market share in 2019.

Growing demand for clean energy generation and reliance on hydrogen and fuel cells-based public transportation systems in developed regions is driving market growth. Moreover, advantages offered by air-cooled system, such as structure is simple, light weight, the price is relatively cheap are likely to drive the demand for air-cooled system during the forecast period.

Power based electricity generation is effective in minimizing emission of carbon dioxide or any other hazardous pollutants. Hence, hydrogen and fuel cells technology plays a vital role in dealing with environmental issues as well as encouraging the use of renewable carriers of energy. Ongoing product developments and innovation is expected to open new opportunities for emerging players.

This report is a detailed and comprehensive analysis for global Hydrogen and Fuel Cells market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Hydrogen and Fuel Cells market size and forecasts, in consumption value ($ Million), sales quantity (GWh), and average selling prices (USD/KWh), 2019-2030

Global Hydrogen and Fuel Cells market size and forecasts by region and country, in consumption value ($ Million), sales quantity (GWh), and average selling prices (USD/KWh), 2019-2030

Global Hydrogen and Fuel Cells market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (GWh), and average selling prices (USD/KWh), 2019-2030

Global Hydrogen and Fuel Cells market shares of main players, shipments in revenue ($ Million), sales quantity (GWh), and ASP (USD/KWh), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrogen and Fuel Cells

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrogen and Fuel Cells market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Panasonic, Plug Power, Toshiba ESS, Ballard, SinoHytec, Hydrogenics, Honda, Hyundai Mobis, Toyota Denso, Elring Klinger, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrogen and Fuel Cells market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Air-Cooled
Water-Cooled

Market segment by Application
Stationary
Transport
Portable

Major players covered
Panasonic
Plug Power
Toshiba ESS
Ballard
SinoHytec
Hydrogenics
Honda
Hyundai Mobis
Toyota Denso
Elring Klinger
Bosch/Powercell
Symbio

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrogen and Fuel Cells product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen and Fuel Cells, with price, sales quantity, revenue, and global market share of Hydrogen and Fuel Cells from 2019 to 2024.

Chapter 3, the Hydrogen and Fuel Cells competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen and Fuel Cells breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Hydrogen and Fuel Cells market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen and Fuel Cells.

Chapter 14 and 15, to describe Hydrogen and Fuel Cells sales channel, distributors, customers, research findings and conclusion.


1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Hydrogen and Fuel Cells Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Air-Cooled
1.3.3 Water-Cooled
1.4 Market Analysis by Application
1.4.1 Overview: Global Hydrogen and Fuel Cells Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Stationary
1.4.3 Transport
1.4.4 Portable
1.5 Global Hydrogen and Fuel Cells Market Size & Forecast
1.5.1 Global Hydrogen and Fuel Cells Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Hydrogen and Fuel Cells Sales Quantity (2019-2030)
1.5.3 Global Hydrogen and Fuel Cells Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Panasonic
2.1.1 Panasonic Details
2.1.2 Panasonic Major Business
2.1.3 Panasonic Hydrogen and Fuel Cells Product and Services
2.1.4 Panasonic Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Panasonic Recent Developments/Updates
2.2 Plug Power
2.2.1 Plug Power Details
2.2.2 Plug Power Major Business
2.2.3 Plug Power Hydrogen and Fuel Cells Product and Services
2.2.4 Plug Power Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Plug Power Recent Developments/Updates
2.3 Toshiba ESS
2.3.1 Toshiba ESS Details
2.3.2 Toshiba ESS Major Business
2.3.3 Toshiba ESS Hydrogen and Fuel Cells Product and Services
2.3.4 Toshiba ESS Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Toshiba ESS Recent Developments/Updates
2.4 Ballard
2.4.1 Ballard Details
2.4.2 Ballard Major Business
2.4.3 Ballard Hydrogen and Fuel Cells Product and Services
2.4.4 Ballard Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Ballard Recent Developments/Updates
2.5 SinoHytec
2.5.1 SinoHytec Details
2.5.2 SinoHytec Major Business
2.5.3 SinoHytec Hydrogen and Fuel Cells Product and Services
2.5.4 SinoHytec Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 SinoHytec Recent Developments/Updates
2.6 Hydrogenics
2.6.1 Hydrogenics Details
2.6.2 Hydrogenics Major Business
2.6.3 Hydrogenics Hydrogen and Fuel Cells Product and Services
2.6.4 Hydrogenics Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Hydrogenics Recent Developments/Updates
2.7 Honda
2.7.1 Honda Details
2.7.2 Honda Major Business
2.7.3 Honda Hydrogen and Fuel Cells Product and Services
2.7.4 Honda Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Honda Recent Developments/Updates
2.8 Hyundai Mobis
2.8.1 Hyundai Mobis Details
2.8.2 Hyundai Mobis Major Business
2.8.3 Hyundai Mobis Hydrogen and Fuel Cells Product and Services
2.8.4 Hyundai Mobis Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Hyundai Mobis Recent Developments/Updates
2.9 Toyota Denso
2.9.1 Toyota Denso Details
2.9.2 Toyota Denso Major Business
2.9.3 Toyota Denso Hydrogen and Fuel Cells Product and Services
2.9.4 Toyota Denso Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Toyota Denso Recent Developments/Updates
2.10 Elring Klinger
2.10.1 Elring Klinger Details
2.10.2 Elring Klinger Major Business
2.10.3 Elring Klinger Hydrogen and Fuel Cells Product and Services
2.10.4 Elring Klinger Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Elring Klinger Recent Developments/Updates
2.11 Bosch/Powercell
2.11.1 Bosch/Powercell Details
2.11.2 Bosch/Powercell Major Business
2.11.3 Bosch/Powercell Hydrogen and Fuel Cells Product and Services
2.11.4 Bosch/Powercell Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Bosch/Powercell Recent Developments/Updates
2.12 Symbio
2.12.1 Symbio Details
2.12.2 Symbio Major Business
2.12.3 Symbio Hydrogen and Fuel Cells Product and Services
2.12.4 Symbio Hydrogen and Fuel Cells Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Symbio Recent Developments/Updates
3 Competitive Environment: Hydrogen and Fuel Cells by Manufacturer
3.1 Global Hydrogen and Fuel Cells Sales Quantity by Manufacturer (2019-2024)
3.2 Global Hydrogen and Fuel Cells Revenue by Manufacturer (2019-2024)
3.3 Global Hydrogen and Fuel Cells Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Hydrogen and Fuel Cells by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Hydrogen and Fuel Cells Manufacturer Market Share in 2023
3.4.3 Top 6 Hydrogen and Fuel Cells Manufacturer Market Share in 2023
3.5 Hydrogen and Fuel Cells Market: Overall Company Footprint Analysis
3.5.1 Hydrogen and Fuel Cells Market: Region Footprint
3.5.2 Hydrogen and Fuel Cells Market: Company Product Type Footprint
3.5.3 Hydrogen and Fuel Cells Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Hydrogen and Fuel Cells Market Size by Region
4.1.1 Global Hydrogen and Fuel Cells Sales Quantity by Region (2019-2030)
4.1.2 Global Hydrogen and Fuel Cells Consumption Value by Region (2019-2030)
4.1.3 Global Hydrogen and Fuel Cells Average Price by Region (2019-2030)
4.2 North America Hydrogen and Fuel Cells Consumption Value (2019-2030)
4.3 Europe Hydrogen and Fuel Cells Consumption Value (2019-2030)
4.4 Asia-Pacific Hydrogen and Fuel Cells Consumption Value (2019-2030)
4.5 South America Hydrogen and Fuel Cells Consumption Value (2019-2030)
4.6 Middle East & Africa Hydrogen and Fuel Cells Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
5.2 Global Hydrogen and Fuel Cells Consumption Value by Type (2019-2030)
5.3 Global Hydrogen and Fuel Cells Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
6.2 Global Hydrogen and Fuel Cells Consumption Value by Application (2019-2030)
6.3 Global Hydrogen and Fuel Cells Average Price by Application (2019-2030)
7 North America
7.1 North America Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
7.2 North America Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
7.3 North America Hydrogen and Fuel Cells Market Size by Country
7.3.1 North America Hydrogen and Fuel Cells Sales Quantity by Country (2019-2030)
7.3.2 North America Hydrogen and Fuel Cells Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
8.2 Europe Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
8.3 Europe Hydrogen and Fuel Cells Market Size by Country
8.3.1 Europe Hydrogen and Fuel Cells Sales Quantity by Country (2019-2030)
8.3.2 Europe Hydrogen and Fuel Cells Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Hydrogen and Fuel Cells Market Size by Region
9.3.1 Asia-Pacific Hydrogen and Fuel Cells Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Hydrogen and Fuel Cells Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 South Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
10.2 South America Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
10.3 South America Hydrogen and Fuel Cells Market Size by Country
10.3.1 South America Hydrogen and Fuel Cells Sales Quantity by Country (2019-2030)
10.3.2 South America Hydrogen and Fuel Cells Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Hydrogen and Fuel Cells Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Hydrogen and Fuel Cells Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Hydrogen and Fuel Cells Market Size by Country
11.3.1 Middle East & Africa Hydrogen and Fuel Cells Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Hydrogen and Fuel Cells Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Hydrogen and Fuel Cells Market Drivers
12.2 Hydrogen and Fuel Cells Market Restraints
12.3 Hydrogen and Fuel Cells Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Hydrogen and Fuel Cells and Key Manufacturers
13.2 Manufacturing Costs Percentage of Hydrogen and Fuel Cells
13.3 Hydrogen and Fuel Cells Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Hydrogen and Fuel Cells Typical Distributors
14.3 Hydrogen and Fuel Cells Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer

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