Global Liquid Cooled Fuel Cell Stack Market Growth 2025-2031

The global Liquid Cooled Fuel Cell Stack market size is predicted to grow from US$ 1612 million in 2025 to US$ 2801 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.

According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units. The fuel cell stack is the core component of the fuel cell system and can be divided into two types: liquid cooling and air cooling. Among them, air cooling accounts for more than 60%. The core global fuel cell stack companies mainly include Panasonic, Plug Power, Toshiba ESS, Hyundai Mobis, Ballard, Toyota and SinoHytec, of which the TOP5 companies account for 53%.

LP Information, Inc. (LPI) ' newest research report, the “Liquid Cooled Fuel Cell Stack Industry Forecast” looks at past sales and reviews total world Liquid Cooled Fuel Cell Stack sales in 2024, providing a comprehensive analysis by region and market sector of projected Liquid Cooled Fuel Cell Stack sales for 2025 through 2031. With Liquid Cooled Fuel Cell Stack sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Liquid Cooled Fuel Cell Stack industry.

This Insight Report provides a comprehensive analysis of the global Liquid Cooled Fuel Cell Stack landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Liquid Cooled Fuel Cell Stack portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Liquid Cooled Fuel Cell Stack market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Liquid Cooled Fuel Cell Stack and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Liquid Cooled Fuel Cell Stack.

This report presents a comprehensive overview, market shares, and growth opportunities of Liquid Cooled Fuel Cell Stack market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Below 50kW
50-100kW
100-200kW
Others

Segmentation by Application:
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ballard Power
Aerospace Hydrogen Energy (Shanghai)
EKPO Fuel Cell Technologies
Qinneng
Beijing Nowogen
Beijing Innoreagen
Guangdong Sino-Synergy Hydrogen Energy
Sunrise Power
Shanghai Shenli
Jiangsu GPTFC System
Zhejiang Fenergy
Hydro2Power SRL
Arco FC
TerraLIX
Hyzon Motors

Key Questions Addressed in this Report

What is the 10-year outlook for the global Liquid Cooled Fuel Cell Stack market?

What factors are driving Liquid Cooled Fuel Cell Stack market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Liquid Cooled Fuel Cell Stack market opportunities vary by end market size?

How does Liquid Cooled Fuel Cell Stack break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.