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Global Hydrogen Fuel Market
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Global Hydrogen Fuel Market

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Hydrogen Fuel Cell Market - Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2021-2027, Segmented By Type (Air-cooled , and Water-cooled); By Application (FCV, FC Ships, FC battery, Chemicals, Heating, Renewable Energy, Power Generation, And Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America)

  • Published Date: October 2021
  • Report ID: BWC21123
  • Available Format: PDF
  • Page: 223

Report Overview

Global hydrogen fuel cell market is growing at an impressive CAGR. The market anticipated to grow during the forecast period due to the rising adoption of hydrogen fuel cells by automotive manufactures for manufacturing electric vehicles (EV).

Global Hydrogen Fuel Cell Market- Industry Trends & Forecast Report 2027

Global Hydrogen Fuel Cell market was worth USD 2,485.0 million in 2020 and is further projected to reach USD 12,577.0 million by 2027, at a CAGR of 28.6% during the forecast period (2021-2027). As a result of its capability to generate lower carbon dioxide emissions than other conventional sources of energy, hydrogen has drawn greater attention over recent years. In response to climate change concerns, more and more people are considering cleaner ways of generating energy, such as using hydrogen fuel cells. Grey and blue hydrogen are currently accommodated in almost all countries, with green hydrogen being the lowest at less than 5%. However, the trend is expected to change dynamically in the near future.

Hydrogen Fuel Cell Market

Source: BlueWeave Consulting

Global Hydrogen Fuel Cell Overview

A fuel cell is an electrochemical cell that uses redox processes to transform the chemical energy and an oxidizing agent into electricity. Hydrogen is a clean fuel that generates just water when used in a fuel cell. Hydrogen may be generated from several home resources, including natural gas, nuclear power, biomass, and renewable energy sources such as the sun and wind. These characteristics make it an appealing fuel alternative for transportation and management generating applications.

Global Hydrogen Fuel Cell Market Trend

Growth Drivers

Reduction in Operational Costs

Hydrogen fuel cells are also well-known for their reliability. The hydrogen fuel cell requires less periodic maintenance and visits to operation areas compared to lead-acid batteries. Moreover, hydrogen fuel cells also appear to have an advantage over battery-powered electricity generation in terms of regular maintenance. Furthermore, when hydrogen fuel cells are used to generate power instead of lead-acid batteries, the cost of electricity is expected to drop by 74%. It is thus helping in driving the growth of the global hydrogen fuel cell market.

Opportunity

Growing Opportunities from Space Agencies

NASA has leveraged hydrogen to be a primary source for spacecraft propulsion. According to NASA, the process requires 500,00 gallons of liquid hydrogen. As NASA looks to derive hydrogen from water and soil components for electrical generation and transportation, the recent exploration possibilities for the moon and mars have opened the door to hydrogen fuel cells. Department of Energy (DOE) reports hydrogen fuel cells powered by hydrogen peroxide have become an important energy source due to breakthroughs in proton exchange membrane (PEM) fuel cells utilizing hydrogen as a critical component of ground transportation applications.

Restraints

Storage Difficulties for Hydrogen Gas

It is necessary to store hydrogen as a liquid or a gas. The storage of gas form of hydrogen requires high-pressure tanks of more than 350-700 bars tank pressure. However, the boiling point of hydrogen in its liquid form is recorded at (-) 252.80 degrees Celsius, requiring cryogenic temperatures for its storage. The storage capabilities of the gaseous hydrogen require a large volume of systems. This is less of an issue in stationary applications, where compressed gas tanks have a less crucial footprint. Additionally, with regards to portable applications such as transportation or fuel cell vehicles, a vehicle needs far more hydrogen to drive long distances with fewer refueling stops.

Impact of COVID-19 on Global Hydrogen Fuel Cell Market

The outbreak of COVID-19 has affected almost every industry, including the global hydrogen fuel cell market. In terms of market and operational parameters, the pandemic has had a serious impact on industry players. Furthermore, COVID-19 has hindered the demand for hydrogen fuel cells across the globe. Around 96% of Germany's automotive sector was forced to put their workers on short-term leave during the nationwide lockdown after COVID-19 began spreading like wildfire across the country. The COVID-19 has had a major impact on the automotive industry. Europe, the largest automotive manufacturer, reported a loss of more than USD 100 billion, according to the Automobile Manufacturers Association of Europe.

Global Hydrogen Fuel Cell Market: By Application

Based on applications, the hydrogen fuel cell market is grouped into FCV, FC ships, FC battery, chemicals, heating, renewable energy, power generation, and others. The FCV (fuel cell vehicle) segment accounted for the largest share in the market in 2020. In contrast to this, power generation is projected to grow at the fastest CAGR in the coming years. Presently, there are three major sources of power and electricity generation in the United States, including fossil fuels, renewable energy and nuclear energy. According to the US Energy Information Administration, natural gas and coal, which happen to be the two major components of fossil fuels, are the dominating source of power generation in the US.

Global Hydrogen Fuel Cell Market

Source: BlueWeave Consulting

Global Hydrogen Fuel Cell Market: Regional Insights

Based on regions, the global hydrogen fuel cell market is segmented into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. The Asia Pacific accounted for the largest share in the global hydrogen fuel cell market in 2020. Hydrogen fuel cells have witnessed growing demand in the region due to growing sales of fuel cell vehicles (FCVs). According to the International Energy Agency (IEA)’s Advanced Fuel Cells Technology Collaboration Program (AFC TCP), by the end of 2020, there were 23,955 fuel cell vehicles in the Asia-Pacific.

Regional Insights

Source: BlueWeave Consulting

Global Hydrogen Fuel Cell Market: Competitive Landscape

The key players in the global hydrogen fuel cell market are Panasonic, Plug Power, Toshiba ESS, Ballard, SinoHytec, Hydrogenics, Honda, Hyundai Mobis, Toyota Denso, Bosch/Powercell, Symbio and other key manufacturers. To improve their market presence, these players focus on campaigns and new product launches. The market is dominated by top global players who account for more than half of the market share. Moreover, the market players rely on competitive strategies, such as partnerships, mergers, and acquisitions, to gain an advantage over their competitors.

Recent Developments

  • In August 2021, Panasonic Corporation announced the opening of the Shunde Branch Plant, a new plant for IAQ equipment, such as energy recovery ventilators and air purifiers, in the Shunde District of Foshan, Guangdong Province, China. It's the second-only factory in China producing this kind of product. This fiscal year, it hopes to create 120,000 energy recovery ventilator systems, with a goal of 200,000 units in FY2023.
  • In May 2021, The Panasonic Corporation announced that it would demonstrate an in-house power generation system to provide 100% of the electricity consumed in business activities with renewable sources. It combines photovoltaic generators and pure hydrogen fuel cell generators. For the first time, a company attempted to build a "RE100 factory" using hydrogen at full scale.

Scope of the Report

Attribute Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Million
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, Australia, China, India, UAE, South Africa, Saudi Arabia, Turkey,
Product/Service Segmentation By Type, Application, and Region
Key Players The key players in the global hydrogen fuel cell market are Panasonic, Plug Power, Toshiba ESS, Ballard, SinoHytec, Hydrogenics, Honda, Hyundai Mobis, Toyota Denso, Bosch/Powercell, Symbio and other key manufacturers

 

By Type

  • Air-cooled
  • Water-cooled

By Application

  • FCV
  • FC Ships
  • FC battery
  • Chemicals
  • Heating
  • Renewable energy
  • Power generation
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Sources
    2. Quantitative Research
      1. Primary and Secondary Sources
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Hydrogen Fuel Cell Market – Industry Insights
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
    3. Recent Developments
    4. Porter Five Forces Analysis
    5. Regulatory Framework
    6. Technological Landscape
      1. Production Method of Hydrogen
        1. PEM
        2. SOEC
        3. Alkaline
      2. Cost Analysis of Production Method
        1. PEM
        2. SOEC
        3. Alkaline
  5. Global Hydrogen Fuel Cell Market Overview
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Air-cooled
        2. Water-cooled
      2. By Application (By Product Type for Each Application)
        1. FCV
        2. FC Ships
        3. FC battery
        4. Chemicals
        5. Heating
        6. Renewable energy
        7. Power generation
        8. Others
      3. By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle East & Africa
  6. North America Hydrogen Fuel Cell Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
          1. By Type
          2. By Application
        2. Canada
          1. By Type
          2. By Application
  7. Europe Hydrogen Fuel Cell Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
          1. By Type
          2. By Application
        2. United Kingdom
          1. By Type
          2. By Application
        3. France
          1. By Type
          2. By Application
        4. Italy
          1. By Type
          2. By Application
        5. Spain
          1. By Type
          2. By Application
        6. Rest of Europe
          1. By Type
          2. By Application
  8. Asia Pacific Hydrogen Fuel Cell Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. India
          1. By Type
          2. By Application
        2. China
          1. By Type
          2. By Application
        3. Japan
          1. By Type
          2. By Application
        4. South Korea
          1. By Type
          2. By Application
        5. Rest of Asia Pacific
          1. By Type
          2. By Application
  9. Latin America Hydrogen Fuel Cell Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
          1. By Type
          2. By Application
        2. Mexico
          1. By Type
          2. By Application
        3. Rest of Latin America
          1. By Type
          2. By Application
  10. Middle East & Africa Hydrogen Fuel Cell Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By Application
        2. UAE
          1. By Type
          2. By Application
        3. South Africa
          1. By Type
          2. By Application
        4. Rest of Middle East & Africa
          1. By Type
          2. By Application
  11. Hydrogen Procurement Cost Analysis, By Region
    1. North America
    2. Europe
    3. The Asia-Pacific
    4. Latin America
    5. The Middle East & Africa
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  13. Impact of COVID-19 on Global Hydrogen Fuel Cell Market
  14. Company Profiles (Company Overview, Financial Matrix, Key Application landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Panasonic
    2. Plug Power
    3. Toshiba ESS
    4. Ballard
    5. SinoHytec
    6. Hydrogenics
    7. Honda
    8. Hyundai Mobis
    9. Toyota Denso
    10. Elring Klinger
    11. Bosch/Powercell
    12. Symbio
    13. Other Prominent Players

 

15. Hydrogen Market Insights

  1. By-Product Hydrogen Market Overview and Trends (Qualitative)
  2. Global Hydrogen Production Analysis (2017-2027)

15.2.1 By Region

  1. North America, By Country (On Best Effort Basis)
  2. Europe, By Country (On Best Effort Basis)
  3. Asia-Pacific, By Country (On Best Effort Basis)
  4. Latin America, By Country (On Best Effort Basis)
  5. Middle East & Africa, By Country (On Best Effort Basis)
  6. Global Hydrogen Market Overview

16.1. Market Size & Forecast by Value, 2017-2027

  1. By Value (USD Million)

16.2. Market Share & Forecast

  1. By Mode of Distribution
  2. Pipeline
  3. High-Pressure Tube Trailers

16.2.1.3.            Cylinders

  1. By Application
  2. Chemicals
  3. Aerospace and Automotive
  4. Energy
  5. Refining
  6. Glass
  7. Welding and Metal Fabrication
  8. Others
  9. By Region
  10. North America
  11. Europe
  12. The Asia-Pacific
  13. Latin America
  14. The Middle East & Africa

 

 

List of Figures:

 

Fig 1: Global Hydrogen Fuel Cell Market Industry Value Chain Analysis

Fig 2 : Porters Five Forces Analysis

Fig 3: Business Revenue Segmentation, 2020

Fig 4: Geographic Revenue Segmentation, 2020

Fig 5: Business Revenue Segmentation, 2020

Fig 6: Geographic Revenue Segmentation, 2020

Fig 7: Geographic Revenue Segmentation, 2020

Fig 8: Global SOEC Electrolyzers/FCS Market Size, By Value (USD Million), 2017-2027

Fig 9: Global SOEC Electrolyzers/FCS Market Share (%), By Region, By Value, 2017-2027

Fig 10: North America SOEC Electrolyzers/FCS Market Share (%), By Country, By Value, 2017-2027

Fig 11: Europe SOEC Electrolyzers/FCS Market Share (%), By Country, By Value, 2017-2027

Fig 12: Asia-Pacific SOEC Electrolyzers/FCS Market Share (%), By Country, By Value, 2017-2027

Fig 13: Latin America SOEC Electrolyzers/FCS Market Share (%), By Country, By Value, 2017-2027

Fig 14: Middle East & Africa SOEC Electrolyzers/FCS Market Share (%), By Country, By Value, 2017-2027

Fig 15: By Product Hydrogen derivation from Chlor-alkali process

Fig 16: Global Hydrogen Production Analysis, By Volume (Million Tons), (2017-2027)

Fig 17: Global Hydrogen Production Analysis, By Volume (Million Tons), (2017-2027), By Region

Fig 18: North America Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027

Fig 19: Europe Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027

Fig 20: Asia-Pacific Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027

Fig 21: Latin America Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027

Fig 22: Middle East & Africa Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027

Fig 23: Global Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 24: Global Hydrogen Market Corridors and Hotspots

Fig 25: Global Hydrogen Market Industry Value Chain Analysis

Fig 26: Global Hydrogen Market Share (%), By Mode of Distribution, By Value, 2017-2027

Fig 27: Global Hydrogen Market Share (%), By Application, By Value, 2017-2027

Fig 28: Global Hydrogen Market Share (%), By Region, By Value, 2017-2027

Fig 29: North America Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 30: North America Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 31: North America Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 32: North America Hydrogen Fuel Cell Market Share (%), By Country, By Value, 2017-2027

Fig 33: United States Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 34: United States Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 35: Canada Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 36: Canada Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 37: Europe Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 38 Europe Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 39: Europe Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 40: Europe Hydrogen Fuel Cell Market Share (%), By Country, By Value, 2017-2027

Fig 41: Germany Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 42: Germany Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 43: United Kingdom Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 44: United Kingdom Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 45: France Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 46: France Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 47: Italy Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 48: Italy Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 49: Spain Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 50: Spain Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 51: Rest of Europe Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 52: Rest of Europe Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 53: Asia-Pacific Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 54: Asia-Pacific Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 55: Asia-Pacific Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 56: Asia-Pacific Hydrogen Fuel Cell Market Share (%), By Country, By Value, 2017-2027

Fig 57: India Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 58: India Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 59: China Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 60: China Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 61: Japan Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 62: Japan Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 63: South Korea Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 64: South Korea Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 65: Rest of APAC Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 66: Rest of APAC Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 67: Latin America Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 68: Latin America Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 69: Latin America Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 70: Latin America Hydrogen Fuel Cell Market Share (%), By Country, By Value, 2017-2027

Fig 71: Brazil Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 72: Brazil Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 73: Mexico Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 74: Mexico Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 75: Rest of Latin America Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 76: Rest of Latin America Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 77: Middle East & Africa Hydrogen Fuel Cell Market Size, By Value (USD Million), 2017-2027

Fig 78: Middle East & Africa Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 79: Middle East & Africa Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 80: Middle East & Africa Hydrogen Fuel Cell Market Share (%), By Country, By Value, 2017-2027

Fig 81: Saudi Arabia Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 82: Saudi Arabia Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 83: UAE Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 84: UAE Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 85: South Africa Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 86: South Africa Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

Fig 87: Rest of Middle East & Africa Hydrogen Fuel Cell Market Share (%), By Type, By Value, 2017-2027

Fig 88: Rest of Middle East & Africa Hydrogen Fuel Cell Market Share (%), By Application, By Value, 2017-2027

 

List of Tables

 

Table 1: Panasonic Corporation Overview

Table 2: Panasonic Corporation Financial Analysis (USD Million)

Table 3:  Plug Power Inc. Overview

Table 4: Plug Power Inc. Financial Analysis (USD Million)

Table 5: Toshiba Energy Systems & Solutions Corporation Overview

Table 6: Toshiba Corporation Financial Analysis (USD Million)

Table 7: Ballard Power Systems Overview

Table 8: Toshiba Corporation Financial Analysis (USD Million)

Table 9: Global SOEC Electrolyzers/FCS Market Size by Region, by Value (USD Million), 2017-2027

Table 10: North America SOEC Electrolyzers/FCS. Market Size by Country, by Value (USD Million), 2017-2027

Table 11: Europe SOEC Electrolyzers/FCS. Market Size by Country, by Value (USD Million), 2017-2027

Table 12: Asia-Pacific SOEC Electrolyzers/FCS. Market Size by Country, by Value (USD Million), 2017-2027

Table 13: Latin America SOEC Electrolyzers/FCS. Market Size by Country, by Value (USD Million), 2017-2027

Table 14: Middle East & Africa SOEC Electrolyzers/FCS. Market Size by Country, by Value (USD Million), 2017-2027

Table 15: North America Hydrogen Production Analysis, By Volume (Million Tons), 2017-2027, by Country

Table 16: Europe Hydrogen Production Analysis, by Volume (Million Tons), 2017-2027, by Country

Table 17: Asia-Pacific Hydrogen Production Analysis, by Volume (Million Tons), 2017-2027, by Country

Table 18: Latin America Hydrogen Production Analysis, by Volume (Million Tons), 2017-2027, by Country

Table 19: Middle East & Africa Hydrogen Production Analysis, by Volume (Million Tons), 2017-2027, by Country

Table 20: Global Hydrogen Market Size. Market Size by Mode of Distribution, by Value (USD Million), 2017-2027

Table 21: Global Hydrogen Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 22: Global Hydrogen Market Size. Market Size by Region, by Value (USD Million), 2017-2027

Table 23: North America Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 24: North America Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 25: North America Hydrogen Fuel Cell Market Size. Market Size by Country, by Value (USD Million), 2017-2027

Table 26: United States Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 27: United States Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 28: Canada Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 29: Canada Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 30: Europe Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 31: Europe Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 32: Europe Hydrogen Fuel Cell Market Size. Market Size by Country, by Value (USD Million), 2017-2027

Table 33: Germany Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 34: Germany Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 35: United Kingdom Hydrogen Fuel Cell Market Size. Market Size by Type, By Value (USD Million), 2017-2027

Table 36: United Kingdom Hydrogen Fuel Cell Market Size. Market Size by Application, By Value (USD Million), 2017-2027

Table 37: France Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 38: France Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 39: Italy Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 40: Italy Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 41: Spain Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 42: Spain Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 43: Rest of Europe Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 44: Rest of Europe Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 45: Asia-Pacific Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 46: Asia-Pacific Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 47: Asia-Pacific Hydrogen Fuel Cell Market Size. Market Size by Country, by Value (USD Million), 2017-2027

Table 48: India Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 49: India Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 50: China Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 51: China Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 52: Japan Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 53: Japan Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 54: South Korea Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 55: South Korea Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 56: Rest of APAC Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 57: Rest of APAC Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 58: Latin America Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 59: Latin America Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 60: Latin America Hydrogen Fuel Cell Market Size. Market Size by Country, by Value (USD Million), 2017-2027

Table 61: Brazil Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 62: Brazil Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 63: Mexico Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 64: Mexico Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 65: Rest of Latin America Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 66: Rest of Latin America Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 67: Middle East & Africa Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 68: Middle East & Africa Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 69: Middle East & Africa Hydrogen Fuel Cell Market Size. Market Size by Country, by Value (USD Million), 2017-2027

Table 70: Saudi Arabia Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 71: Saudi Arabia Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 72: UAE Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 73: UAE Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 74: South Africa Hydrogen Fuel Cell Market Size. Market Size by Type, by Value (USD Million), 2017-2027

Table 75: South Africa Hydrogen Fuel Cell Market Size. Market Size by Application, by Value (USD Million), 2017-2027

Table 76: Rest of Middle East & Africa Hydrogen Fuel Cell Market Size. Market Size by Type, By Value (USD Million), 2017-2027

Table 77: Rest of Middle East & Africa Hydrogen Fuel Cell Market Size. Market Size by Application, By Value (USD Million), 2017-2027

 

Market Segmentation

By Type

  • Air-cooled
  • Water-cooled

By Application

  • FCV
  • FC Ships
  • FC battery
  • Chemicals
  • Heating
  • Renewable energy
  • Power generation
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
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Frequently Asked Questions (FAQs):

Ans: The global hydrogen fuel cell market has reached USD 2,485.0 million in 2020.
Ans: The major factors driving the growth of the global hydrogen fuel cell market are reduction in operational costs and growth of the electric vehicle industry.
Ans: The key players in the global hydrogen fuel cell market are Panasonic, Plug Power, Toshiba ESS, Ballard, SinoHytec, Hydrogenics, Honda, Hyundai Mobis, Toyota Denso, Bosch/Powercell, Symbio and other key manufacturers.
Ans: Based on type, the water-cooled segment accounted for the larger share in the global hydrogen fuel cell market.
Ans: Asia-Pacific holds the largest share in the global hydrogen fuel cell market.