市場調査レポート
商品コード
1422150

水素燃料電池市場:用途・製品タイプ・技術・国別の分析・予測 (2023~2033年)

Hydrogen Fuel Cell Market: Focus on Application, Product Type, Technology, and Country-Level Analysis - Analysis and Forecast, 2023-2033

出版日: | 発行: BIS Research | ページ情報: 英文 170 Pages | 納期: 1~5営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.58円
水素燃料電池市場:用途・製品タイプ・技術・国別の分析・予測 (2023~2033年)
出版日: 2024年02月08日
発行: BIS Research
ページ情報: 英文 170 Pages
納期: 1~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の水素燃料電池の市場規模は、2033年には178億9,000万米ドルの規模に成長すると予測されています。

主要市場統計
予測期間 2023-2033年
2023年評価 25億2,000万米ドル
2033年予測 178億9,000万米ドル
CAGR 21.68%

市場の分類

セグメンテーション1:用途別

  • 定置型電源
  • ポータブル電源
  • 輸送用
    • 乗用車
    • 商用車
    • その他

用途別では輸送部門が市場を独占

用途別では、輸送部門が2022年に78.78%のシェアを占め、市場を牽引しています。軍事・防衛産業による他の再生可能技術との統合の可能性の高まりが市場成長を牽引しています。

セグメンテーション2:製品タイプ別

  • 液冷式
  • 空冷式

製品タイプ別では液冷式の部門が市場を独占

製品タイプ別では、液冷式の部門が2022年には61.86%のシェアを占め、市場を牽引しています。

セグメンテーション3:技術別

  • ポリマー電解質膜 (PEM)
  • アルカリ (AFC)
  • リン酸型 (PAFC)
  • 溶融炭酸塩 (MCFC)
  • 固体酸化物 (SOFC)

技術別では高分子電解質膜 (PEM) の部門が市場をリード

技術別では、高分子電解質膜 (PEM) 部門が2022年に77.11%のシェアを占め、主導権を握っています。

セグメンテーション4:地域別

  • 北米:米国、カナダ、メキシコ
  • 欧州:英国、ドイツ、フランス、スペイン、イタリア、その他
  • アジア太平洋:日本、インド、中国、韓国、その他
  • その他の地域:南米、中東・アフリカ

地域別では、欧州が予測期間中、24.01%のCAGRでもっとも高い成長を示す見通しです。また、北米は、クリーンエネルギーに対する需要の高まりから、水素燃料電池の採用や新方式の導入の面で牽引力を増すと予想されています。さらに、有利な政府政策も予測期間中の北米と欧州の成長をサポートすると予想されています。

欧州では、ドイツが特に高い成長を示し、27.18%のCAGRで成長すると予測されています。ドイツが主要な自動車会社の本拠地であることが主な理由であり、電気自動車やよりクリーンな燃料への需要の高まりに伴い、水素燃料電池の需要が伸びると予測されています。

当レポートでは、世界の水素燃料電池の市場を調査し、市場概要、市場成長への各種影響因子の分析、エコシステム、進行中のプログラム、R&D・特許の動向、市場規模の推移・予測、主要国別の詳細分析、主要企業の分析などをまとめています。

目次

エグゼクティブサマリー

目次

エグゼクティブサマリー

範囲と定義

第1章 市場

  • 動向:現在および将来の影響評価
    • 動向:概要
    • ポータブル水素燃料電池
    • 燃料電池スタック
  • サプライチェーンの概要
    • バリューチェーン分析
    • マーケットマップ
    • 価格予測
  • エコシステムと進行中のプログラム
    • コンソーシアムと協会
    • 規制機関
    • 政府のプログラム
  • R&Dレビュー
    • 特許出願動向 (特許数・国別)
  • 規制状況
  • ステークホルダーの分析
    • ケーススタディ:Nikola Hydrogen Fuel Cell Electric Vehicle
    • エンドユーザーと購入基準
  • 主要な世界的出来事の影響分析:COVID-19
  • 市場力学:概要
    • 市場促進要因
    • 市場抑制要因
    • 市場機会

第2章 用途

  • 用途の分類
  • サマリー
  • 水素燃料電池市場:車両タイプ別

第3章 製品

  • 製品の分類
  • サマリー
  • 水素燃料電池市場:製品タイプ別
  • 水素燃料電池市場:技術別

第4章 地域

  • 地域概要
  • 促進要因・抑制要因
  • 北米
  • 欧州
  • アジア太平洋
  • その他の地域

第5章 市場:競合ベンチマーキング・企業プロファイル

  • 次のフロンティア
  • 地理的評価
    • Panasonic
    • Ballard Power Systems.
    • TW Horizon Fuel Cell Technologies
    • Ceres
    • Toshiba America Energy Systems Corporation (TAES)
    • Plug Power Inc.
    • Nikola Corporation
    • Mitsubishi Hitachi Power Systems
    • Shanghai Pearl Hydrogen Energy Technology Co.
    • FuelCell Energy, Inc.
    • AFC Energy
    • Nedstack Fuel Cell Technology
    • Doosan Fuel Cell Co., Ltd.
    • Bloom Energy
    • KYOCERA Corporation

第6章 成長機会と推奨事項

第7章 調査手法

図表

List of Figures

  • Figure 1: Hydrogen Fuel Cell Market (by Scenario), $Billion, 2022, 2026, and 2033
  • Figure 2: Hydrogen Fuel Cell Market (by Region), $Million, 2022, 2026, 2033
  • Figure 3: Hydrogen Fuel Cell Market, Pricing Analysis (by Region), $/Watt, 2022, 2026, and 2033
  • Figure 4: Hydrogen Fuel Cell Market (by Application), $Million, 2022, 2026, 2033
  • Figure 5: Hydrogen Fuel Cell Market (by Product Type), $Million, 2022, 2026, 2033
  • Figure 6: Hydrogen Fuel cell Market (by Technology), $Million, 2022, 2026, 2033
  • Figure 7: Key Events
  • Figure 8: Supply Chain and Risks within the Supply Chain
  • Figure 9: Value Chain Analysis
  • Figure 10: Patent Analysis (by Number of Patents), January 2020-December 2023
  • Figure 11: Patent Analysis (by Country), January 2020-December 2023
  • Figure 12: Impact Analysis of Market Navigating Factors, 2023-2033
  • Figure 13: U.S. Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 14: Canada Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 15: Mexico Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 16: France Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 17: Germany Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 18: U.K. Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 19: Spain Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 20: Italy Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 21: Rest-of-Europe Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 22: China Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 23: India Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 24: Japan Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 25: South Korea Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 26: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 27: South America Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 28: Middle East and Africa Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 29: Strategic Initiatives (by Company), 2020-2023
  • Figure 30: Share of Strategic Initiatives, January 2020-December 2023
  • Figure 31: Data Triangulation
  • Figure 32: Top-Down and Bottom-Up Approach
  • Figure 33: Assumptions and Limitations

List of Tables

  • Table 1: Market Snapshot
  • Table 2: Opportunities across Regions
  • Table 3: Heavy-Duty Fuel Cell Truck Models
  • Table 4: Competitive Landscape Snapshot
  • Table 5: Trends Overview
  • Table 6: Hydrogen Fuel Cell Market Pricing Forecast (by Region), $/kg, 2022-2033
  • Table 7: Regulatory Bodies
  • Table 8: Characteristics of Nikola FCEV Truck
  • Table 9: Global Hydrogen Fuel Cell Market (by Region), MW, 2022-2033
  • Table 10: Global Hydrogen Fuel Cell Market (by Region), $Million, 2022-2033
  • Table 11: North America Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 12: North America Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 13: North America Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 14: North America Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 15: North America Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 16: North America Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 17: U.S. Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 18: U.S. Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 19: U.S. Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 20: U.S. Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 21: U.S. Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 22: U.S. Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 23: Canada Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 24: Canada Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 25: Canada Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 26: Canada Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 27: Canada Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 28: Canada Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 29: Mexico Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 30: Mexico Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 31: Mexico Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 32: Mexico Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 33: Mexico Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 34: Mexico Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 35: Europe Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 36: Europe Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 37: Europe Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 38: Europe Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 39: Europe Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 40: Europe Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 41: France Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 42: France Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 43: France Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 44: France Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 45: France Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 46: France Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 47: Germany Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 48: Germany Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 49: Germany Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 50: Germany Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 51: Germany Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 52: Germany Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 53: U.K. Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 54: U.K. Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 55: U.K. Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 56: U.K. Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 57: U.K. Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 58: U.K. Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 59: Spain Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 60: Spain Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 61: Spain Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 62: Spain Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 63: Spain Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 64: Spain Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 65: Italy Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 66: Italy Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 67: Italy Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 68: Italy Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 69: Italy Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 70: Italy Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 71: Rest-of-Europe Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 72: Rest-of-Europe Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 73: Rest-of-Europe Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 74: Rest-of-Europe Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 75: Rest-of-Europe Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 76: Rest-of-Europe Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 77: Asia-Pacific Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 78: Asia-Pacific Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 79: Asia-Pacific Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 80: Asia-Pacific Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 81: Asia-Pacific Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 82: Asia-Pacific Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 83: China Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 84: China Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 85: China Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 86: China Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 87: China Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 88: China Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 89: India Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 90: India Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 91: India Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 92: India Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 93: India Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 94: India Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 95: Japan Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 96: Japan Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 97: Japan Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 98: Japan Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 99: Japan Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 100: Japan Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 101: South Korea Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 102: South Korea Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 103: South Korea Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 104: South Korea Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 105: South Korea Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 106: South Korea Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 107: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 108: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 109: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 110: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 111: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 112: Rest-of-Asia-Pacific Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 113: Rest-of-the-World Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 114: Rest-of-the-World Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 115: Rest-of-the-World Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 116: Rest-of-the-World Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 117: Rest-of-the-World Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 118: Rest-of-the-World Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 119: South America Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 120: South America Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 121: South America Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 122: South America Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 123: South America Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 124: South America Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 125: Middle East and Africa Hydrogen Fuel Cell Market (by Application), MW, 2022-2033
  • Table 126: Middle East and Africa Hydrogen Fuel Cell Market (by Application), $Million, 2022-2033
  • Table 127: Middle East and Africa Hydrogen Fuel Cell Market (by Product Type), MW, 2022-2033
  • Table 128: Middle East and Africa Hydrogen Fuel Cell Market (by Product Type), $Million, 2022-2033
  • Table 129: Middle East and Africa Hydrogen Fuel Cell Market (by Technology), MW, 2022-2033
  • Table 130: Middle East and Africa Hydrogen Fuel Cell Market (by Technology), $Million, 2022-2033
  • Table 131: Market Share
  • Table 132: Growth Opportunities and Recommendations
目次
Product Code: MSG1767SA

“The Global Hydrogen Fuel Cell Market Expected to Reach $17.89 Billion by 2033.”

Introduction of Hydrogen Fuel Cell

In the field of renewable energy, hydrogen fuel cells are a viable and sustainable technology. The primary benefits of hydrogen fuel cells are their environmental friendliness and efficiency, which make them a clean substitute for conventional combustion-based power sources. Hydrogen is an energy carrier with great versatility that may be obtained from a range of renewable resources. For example, water electrolysis can be achieved by using electricity generated from renewable sources such as solar or wind power. Applications for hydrogen fuel cells can be found in several industries, including transportation, where they power cars that only release water vapor. Hydrogen fuel cell technology is constantly developing, which adds to its potential to be a major player in a future with lower carbon emissions and more sustainable energy.

KEY MARKET STATISTICS
Forecast Period2023 - 2033
2023 Evaluation$2.52 Billion
2033 Forecast$17.89 Billion
CAGR21.68%

Market Introduction

The early days of hydrogen fuel cell adoption were defined by cautious optimism and innovative thinking, as well as substantial scientific advancements and the promise of a clean energy future. Hydrogen fuel cells, which were initially expected in the nineteenth century, had their first practical usage during NASA's space missions in the 1960s and provided astronauts with a stable supply of power and water. However, commercial adoption has been delayed and hampered by technological obstacles, high prices, and a lack of infrastructure. Despite these challenges, the early 2000s saw a revived interest in hydrogen fuel cells, spurred by the rising need to discover sustainable energy solutions and decrease carbon emissions. Although adoption was slow and difficult at first, early acceptance of hydrogen fuel cells established the framework for the technology's continued progress and crucial role in today's global goal of a zero-emission future.

Considering the current circumstances, there is a global upsurge in interest and use of hydrogen fuel cells, signifying an evolution in the energy sector. Governments and companies are driving initiatives to incorporate fuel cell technologies across multiple sectors as they become more aware of hydrogen's potential as a clean and adaptable energy source. Notably, the automotive industry is witnessing a growing number of hydrogen fuel cell vehicles on the market, with major players investing in infrastructure development to support their adoption. At the same time, fixed uses such as industrial processes and backup power systems are profiting from hydrogen fuel cells' sustainability and dependability. The focus on reaching net-zero emissions by the international community and the rise of green hydrogen produced from renewable resources further emphasize the critical role that hydrogen fuel cells play in the shift to a low-carbon emission future. Despite obstacles, the present trend indicates that hydrogen fuel cells, which provide a more sustainable and cleaner substitute for traditional power sources, have the potential to play a significant role in changing the energy landscape.

Industrial Impact

The industrial impact of hydrogen fuel cells is becoming increasingly pronounced as the world grapples with the imperative to reduce carbon emissions and transition towards sustainable energy solutions. Hydrogen fuel cells are transforming the industrial sector by providing a clean and effective power source for a range of uses. They are useful for supplying dependable, emission-free electricity to manufacturing facilities and warehouses, as well as for powering material handling equipment. Furthermore, the usage of hydrogen fuel cells in the transportation industry is growing, especially in heavy-duty vehicles such as buses and trucks, where they offer a competitive alternative to conventional fossil fuel-powered engines. Hydrogen fuel cells are being investigated by energy-intensive industries, including petrochemical and chemical manufacturing, because of their potential to decarbonize processes and support a more sustainable production ecosystem. In the pursuit of cleaner, greener, and more robust operations, hydrogen fuel cells are becoming an increasingly important part of industrial strategies as governments and organizations around the world commit to dedicated carbon reduction targets. Hydrogen fuel cell technologies are still being researched, developed, and used, which highlights their potential to completely transform industrial processes and make a substantial contribution to a low-carbon emission future.

Market Segmentation

Segmentation 1: by Application

  • Stationary Power
  • Portable Power
  • Transport
    • Passenger Cars
    • Commercial Vehicles
    • Others

Transport Segment to Dominate the Global Hydrogen Fuel Cell Market (by Application)

The hydrogen fuel cell market is led by the transport segment, with a 78.78% share in 2022. Increasing potential for integration with other renewable technologies by the military and defense industry is driving the growth of the hydrogen fuel cell market.

Segmentation 2: by Product Type

  • Liquid-Cooled Type
  • Air-Cooled Type

Liquid-Cooled Type Segment to Dominate the Global Hydrogen Fuel Cell Market (by Product Type)

Based on product type, the hydrogen fuel cell market is led by the liquid-cooled type segment, which held a 61.86% share in 2022.

Segmentation 3: by Technology

  • Polymer Electrolyte Membrane (PEM)
  • Alkaline (AFC)
  • Phosphoric Acid (PAFC)
  • Molten Carbonate (MCFC)
  • Solid Oxide (SOFC)

Polymer Electrolyte Membrane (PEM) Segment to Dominate the Global Hydrogen Fuel Cell Market (by Technology)

Based on technology, the hydrogen fuel cell market is led by the polymer electrolyte membrane (PEM) segment, which held a 77.11% share in 2022.

Segmentation 4: by Region

  • North America - U.S., Canada, Mexico
  • Europe - U.K., Germany, France, Spain, Italy, and Rest-of-Europe
  • Asia-Pacific - Japan, India, China, South Korea, and Rest-of-Asia-Pacific
  • Rest-of-the-World - South America and Middle East and Africa

Europe hydrogen fuel cell market was the highest-growing market among all the regions, registering a CAGR of 24.01%. North America is anticipated to gain traction in terms of hydrogen fuel cell adoption as well as the introduction of newer methods owing to the growing demand for clean energy among the countries. Moreover, favorable government policies are also expected to support the growth of the hydrogen fuel cell market in North America and Europe during the forecast period.

In Europe, Germany is anticipated to show the highest growth in the hydrogen fuel cell market among other countries and is anticipated to grow at a CAGR of 27.18%. The growth of Germany in the hydrogen fuel cell market is mainly due to the fact that Germany is home to some of the most renowned automobile companies, and with the growing demand for electric vehicles as well as cleaner fuels, the demand for the hydrogen fuel cell is set to witness a growth in demand during the forecast period.

Recent Developments in the Hydrogen Fuel Cell Market

  • In October 2023, Horizon Fuel Cell delivered a containerized 2MW PEM fuel cell "Combined Heat and Power" (CHP) system and plans to deploy zero-emission stationary powerplants up to 100MW.
  • In February 2023, Nedstack Fuel Cell Technologies signed a partnership with ZBT. Under this, Nedstack and ZBT agreed to a close collaboration in order to industrialize hydrogen fuel cell technology.

Demand - Drivers and Limitations

Market Demand Drivers: Decarbonization Targets and Environmental Regulations

Hydrogen fuel cells have arisen as a vital technology in the field of renewable energy, driven in large part by the urgent need for decarbonization and strict environmental legislation. These issues have evolved from difficulties to key commercial drivers for companies in the hydrogen fuel cell market. The fight for a more sustainable future is altering the energy landscape, making hydrogen an indicator of optimism and potential.

Market Challenges: High Initial Investment Costs

While the hydrogen fuel cell sector has tremendous potential, it is hampered by high initial investment costs. This is a complex conflict that affects many areas of the hydrogen value chain, from production to infrastructure development. The first barrier is the production of hydrogen. The most popular technique of producing hydrogen nowadays is steam methane reforming, which is quite inexpensive but not ecologically benign. Green hydrogen production, which incorporates electrolysis driven by renewable energy, is more environment-friendly but more expensive owing to advanced technology and energy needs.

Market Opportunities: Integration Services for Renewable Energy Systems

Renewable energy system integration represents a substantial business potential for enterprises in the hydrogen fuel cell industry, providing a path to a more linked and efficient energy environment. This integration is critical to realizing the full potential of hydrogen fuel cells because it enables the development of a holistic energy solution that tackles the storage, distribution, and application difficulties associated with renewable energy sources such as solar and wind.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different product types and technologies available for deployment and their potential globally. Moreover, the study provides the reader with a detailed understanding of the hydrogen fuel cell market by application on the basis of application (stationary power, portable power, transport) and product on the basis of product type (liquid-cooled type, air-cooled type), by technology (polymer electrolyte membrane (PEM), alkaline (AFC), phosphoric acid (PAFC), molten carbonate (MCFC), solid oxide (SOFC)).

Growth/Marketing Strategy: The hydrogen fuel cell market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been merger and acquisition to strengthen their position in the hydrogen fuel cell market. For instance, in January 2024, General Motors and Honda Motor announced that they had commenced commercial manufacturing of hydrogen fuel cell systems, a step toward providing zero-emission alternatives to battery-electric vehicles. The fuel cell systems would be manufactured in a 50-50 joint venture between the automakers at a $85 million facility in suburban Detroit. The firms, who promote and sell their goods independently, describe the joint venture's "large-scale" production as the first of its sort in the U.S.

Competitive Strategy: Key players in the hydrogen fuel cell market analyzed and profiled in the study involve major hydrogen fuel cell offering companies for various applications. Moreover, a detailed competitive benchmarking of the players operating in the hydrogen fuel cell market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Methodology

The research methodology design adopted for this hydrogen fuel cell market study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.

Data and validation have been taken into consideration from both primary sources as well as secondary sources.

Key Considerations and Assumptions in Market Engineering and Validation

  • Detailed secondary research has been done to ensure maximum coverage of manufacturers/suppliers operational in a country.
  • Exact revenue information, up to a certain extent, has been extracted for each company from secondary sources and databases. Revenues specific to product/service/technology have then been estimated for each market player based on fact-based proxy indicators as well as primary inputs.
  • Based on the classification, the average selling price (ASP) has been calculated using the weighted average method.
  • The currency conversion rate has been taken from the historical exchange rate of Oanda and/or other relevant websites.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The term "product" in this document may refer to "service" or "technology" as and where relevant.
  • The term "manufacturers/suppliers" may refer to "service providers" or "technology providers" as and where relevant.

Primary Research

The primary sources involve industry experts from the transportation and energy sector industry, including hydrogen fuel cell manufacturers and providers for different industries. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

Secondary Research

This study involves the usage of extensive secondary research, company websites, directories, and annual reports. It also makes use of databases, such as Spacenews, Businessweek, and others, to collect effective and useful information for a market-oriented, technical, commercial, and extensive study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as www.nasa.gov.

Secondary research was done to obtain critical information about the industry's value chain, the market's monetary chain, revenue models, the total pool of key players, and the current and potential use cases and applications.

Key Market Players and Competition Synopsis

The companies that are profiled in the hydrogen fuel cell market report have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.

The hydrogen fuel cell market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive market. In 2022, the hydrogen fuel cell market was dominated by established players, accounting for 75% of the market share, whereas the start-ups managed to capture 25% of the market. With the growing aviation and automotive industry, more players are expected to enter the global hydrogen fuel cell market with each passing year.

Some prominent names established in the hydrogen fuel cell market are:

  • Panasonic
  • Ballard Power Systems
  • TW Horizon Fuel Cell Technologies
  • Ceres
  • Toshiba America Energy Systems Corporation (TAES)
  • Plug Power Inc.
  • Nikola Corporation
  • Mitsubishi Hitachi Power Systems
  • Shanghai Pearl Hydrogen Energy Technology Co.
  • FuelCell Energy, Inc.
  • AFC Energy
  • Nedstack Fuel Cell Technology
  • Doosan Fuel Cell Co., Ltd.
  • Bloom Energy
  • KYOCERA Corporation

Table of Contents

Executive Summary

Scope and Definition

1. Markets

  • 1.1. Trends: Current and Future Impact Assessment
    • 1.1.1. Trends: Overview
    • 1.1.2. Portable Hydrogen Fuel Cells
    • 1.1.3. Fuel Cell Stacks
  • 1.2. Supply Chain Overview
    • 1.2.1. Value Chain Analysis
    • 1.2.2. Market Map
    • 1.2.3. Pricing Forecast
  • 1.3. Ecosystem and Ongoing Programs
    • 1.3.1. Consortiums and Associations
      • 1.3.1.1. H-Mat: Hydrogen Materials Consortium
      • 1.3.1.2. HydroGEN
      • 1.3.1.3. ElectroCat (Electrocatalysis) Consortium
    • 1.3.2. Regulatory Bodies
    • 1.3.3. Government Programs
      • 1.3.3.1. India's National Green Hydrogen Mission
      • 1.3.3.2. U.S. Department of Energy Hydrogen Program
      • 1.3.3.3. China's Hydrogen Industry Development Plan (2021-2035)
  • 1.4. Research and Development Review
    • 1.4.1. Patent Filing Trend (by Number of Patents, Country)
  • 1.5. Regulatory Landscape
  • 1.6. Stakeholder Analysis
    • 1.6.1. Use Case: Case Study: Nikola Hydrogen Fuel Cell Electric Vehicle
    • 1.6.2. End Users and Buying Criteria
  • 1.7. Impact Analysis for Key Global Events - COVID-19
  • 1.8. Market Dynamics: Overview
    • 1.8.1. Market Drivers
      • 1.8.1.1. Decarbonization Targets and Environmental Regulations
      • 1.8.1.2. Technological Advancements and Cost Reductions
      • 1.8.1.3. Potential for Integration with Other Renewable Technologies
    • 1.8.2. Market Restraints
      • 1.8.2.1. High Initial Investment Costs
      • 1.8.2.2. Market Penetration in Emerging Markets
      • 1.8.2.3. Cost Competitiveness with Conventional Fuels
    • 1.8.3. Market Opportunities
      • 1.8.3.1. Integration Services for Renewable Energy Systems
      • 1.8.3.2. Hydrogen Refueling Infrastructure for Urban Centers

2. Application

  • 2.1. Application Segmentation
  • 2.2. Application Summary
  • 2.3. Hydrogen Fuel Cell Market (by Vehicle Type)
    • 2.3.1. Application
      • 2.3.1.1. Stationary Power
      • 2.3.1.2. Portable Power
      • 2.3.1.3. Transport
        • 2.3.1.3.1. Passenger Cars
        • 2.3.1.3.2. Commercial Vehicles
        • 2.3.1.3.3. Others

3. Products

  • 3.1. Product Segmentation
  • 3.2. Product Summary
  • 3.3. Hydrogen Fuel Cell Market (by Product Type)
    • 3.3.1. Product Type
      • 3.3.1.1. Liquid-Cooled Type
      • 3.3.1.2. Air-Cooled Type
  • 3.4. Hydrogen Fuel cell Market (by Technology)
    • 3.4.1. Technology
      • 3.4.1.1. Polymer Electrolyte Membrane (PEM)
      • 3.4.1.2. Alkaline (AFC)
      • 3.4.1.3. Phosphoric Acid (PAFC)
      • 3.4.1.4. Molten Carbonate (MCFC)
      • 3.4.1.5. Solid Oxide (SOFC)

4. Regions

  • 4.1. Regional Summary
  • 4.2. Drivers and Restraints
  • 4.3. North America
    • 4.3.1. Regional Overview
    • 4.3.2. Driving Factors for Market Growth
    • 4.3.3. Factors Challenging the Market
    • 4.3.4. Application
    • 4.3.5. Product
    • 4.3.6. North America (by Country)
      • 4.3.6.1. U.S.
      • 4.3.6.2. Canada
      • 4.3.6.3. Mexico
  • 4.4. Europe
    • 4.4.1. Regional Overview
    • 4.4.2. Driving Factors for Market Growth
    • 4.4.3. Factors Challenging the Market
    • 4.4.4. Application
    • 4.4.5. Product
    • 4.4.6. Europe (by Country)
      • 4.4.6.1. France
      • 4.4.6.2. Germany
      • 4.4.6.3. U.K.
      • 4.4.6.4. Spain
      • 4.4.6.5. Italy
      • 4.4.6.6. Rest-of-Europe
  • 4.5. Asia-Pacific
    • 4.5.1. Regional Overview
    • 4.5.2. Driving Factors for Market Growth
    • 4.5.3. Factors Challenging the Market
    • 4.5.4. Application
    • 4.5.5. Product
    • 4.5.6. Asia-Pacific (by Country)
      • 4.5.6.1. China
      • 4.5.6.2. India
      • 4.5.6.3. Japan
      • 4.5.6.4. South Korea
      • 4.5.6.5. Rest-of-Asia-Pacific
  • 4.6. Rest-of-the-World
    • 4.6.1. Regional Overview
    • 4.6.2. Driving Factors for Market Growth
    • 4.6.3. Factors Challenging the Market
    • 4.6.4. Application
    • 4.6.5. Product
    • 4.6.6. Rest-of-the-World (by Region)
      • 4.6.6.1. South America
      • 4.6.6.2. Middle East and Africa

5. Markets - Competitive Benchmarking & Company Profiles

  • 5.1. Next Frontiers
  • 5.2. Geographic Assessment
    • 5.2.1. Panasonic
      • 5.2.1.1. Overview
      • 5.2.1.2. Top Products/Product Portfolio
      • 5.2.1.3. Top Competitors
      • 5.2.1.4. Target Customers
      • 5.2.1.5. Key Personnel
      • 5.2.1.6. Analyst View
      • 5.2.1.7. Market Share, 2022
    • 5.2.2. Ballard Power Systems.
      • 5.2.2.1. Overview
      • 5.2.2.2. Top Products/Product Portfolio
      • 5.2.2.3. Top Competitors
      • 5.2.2.4. Target Customers
      • 5.2.2.5. Key Personnel
      • 5.2.2.6. Analyst View
      • 5.2.2.7. Market Share, 2022
    • 5.2.3. TW Horizon Fuel Cell Technologies
      • 5.2.3.1. Overview
      • 5.2.3.2. Top Products/Product Portfolio
      • 5.2.3.3. Top Competitors
      • 5.2.3.4. Target Customers
      • 5.2.3.5. Key Personnel
      • 5.2.3.6. Analyst View
      • 5.2.3.7. Market Share, 2022
    • 5.2.4. Ceres
      • 5.2.4.1. Overview
      • 5.2.4.2. Top Products/Product Portfolio
      • 5.2.4.3. Top Competitors
      • 5.2.4.4. Target Customers
      • 5.2.4.5. Key Personnel
      • 5.2.4.6. Analyst View
      • 5.2.4.7. Market Share, 2022
    • 5.2.5. Toshiba America Energy Systems Corporation (TAES)
      • 5.2.5.1. Overview
      • 5.2.5.2. Top Products/Product Portfolio
      • 5.2.5.3. Top Competitors
      • 5.2.5.4. Target Customers
      • 5.2.5.5. Key Personnel
      • 5.2.5.6. Analyst View
      • 5.2.5.7. Market Share, 2022
    • 5.2.6. Plug Power Inc.
      • 5.2.6.1. Overview
      • 5.2.6.2. Top Products/Product Portfolio
      • 5.2.6.3. Top Competitors
      • 5.2.6.4. Target Customers
      • 5.2.6.5. Key Personnel
      • 5.2.6.6. Analyst View
      • 5.2.6.7. Market Share, 2022
    • 5.2.7. Nikola Corporation
      • 5.2.7.1. Overview
      • 5.2.7.2. Top Products/Product Portfolio
      • 5.2.7.3. Top Competitors
      • 5.2.7.4. Target Customers
      • 5.2.7.5. Key Personnel
      • 5.2.7.6. Analyst View
      • 5.2.7.7. Market Share, 2022
    • 5.2.8. Mitsubishi Hitachi Power Systems
      • 5.2.8.1. Overview
      • 5.2.8.2. Top Products/Product Portfolio
      • 5.2.8.3. Top Competitors
      • 5.2.8.4. Target Customers
      • 5.2.8.5. Key Personnel
      • 5.2.8.6. Analyst View
      • 5.2.8.7. Market Share, 2022
    • 5.2.9. Shanghai Pearl Hydrogen Energy Technology Co.
      • 5.2.9.1. Overview
      • 5.2.9.2. Top Products/Product Portfolio
      • 5.2.9.3. Top Competitors
      • 5.2.9.4. Target Customers
      • 5.2.9.5. Key Personnel
      • 5.2.9.6. Analyst View
      • 5.2.9.7. Market Share, 2022
    • 5.2.10. FuelCell Energy, Inc.
      • 5.2.10.1. Overview
      • 5.2.10.2. Top Products/Product Portfolio
      • 5.2.10.3. Top Competitors
      • 5.2.10.4. Target Customers
      • 5.2.10.5. Key Personnel
      • 5.2.10.6. Analyst View
      • 5.2.10.7. Market Share, 2022
    • 5.2.11. AFC Energy
      • 5.2.11.1. Overview
      • 5.2.11.2. Top Products/Product Portfolio
      • 5.2.11.3. Top Competitors
      • 5.2.11.4. Target Customers
      • 5.2.11.5. Key Personnel
      • 5.2.11.6. Analyst View
      • 5.2.11.7. Market Share, 2022
    • 5.2.12. Nedstack Fuel Cell Technology
      • 5.2.12.1. Overview
      • 5.2.12.2. Top Products/Product Portfolio
      • 5.2.12.3. Top Competitors
      • 5.2.12.4. Target Customers
      • 5.2.12.5. Key Personnel
      • 5.2.12.6. Analyst View
      • 5.2.12.7. Market Share, 2022
    • 5.2.13. Doosan Fuel Cell Co., Ltd.
      • 5.2.13.1. Overview
      • 5.2.13.2. Top Products/Product Portfolio
      • 5.2.13.3. Top Competitors
      • 5.2.13.4. Target Customers
      • 5.2.13.5. Key Personnel
      • 5.2.13.6. Analyst View
      • 5.2.13.7. Market Share, 2022
    • 5.2.14. Bloom Energy
      • 5.2.14.1. Overview
      • 5.2.14.2. Top Products/Product Portfolio
      • 5.2.14.3. Top Competitors
      • 5.2.14.4. Target Customers
      • 5.2.14.5. Key Personnel
      • 5.2.14.6. Analyst View
      • 5.2.14.7. Market Share, 2022
    • 5.2.15. KYOCERA Corporation
      • 5.2.15.1. Overview
      • 5.2.15.2. Top Products/Product Portfolio
      • 5.2.15.3. Top Competitors
      • 5.2.15.4. Target Customers
      • 5.2.15.5. Key Personnel
      • 5.2.15.6. Analyst View
      • 5.2.15.7. Market Share, 2022

6. Growth Opportunity & Recommendations

7. Research Methodology

  • 7.1. Data Sources
    • 7.1.1. Primary Data Sources
    • 7.1.2. Secondary Data Sources
    • 7.1.3. Data Triangulation
  • 7.2. Market Estimation and Forecast