Table of Content

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Fuel Cells Market, by Region

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising demand for clean energy generation in developed regions
5.1.1.2. Increased use of fuel cell-based vehicles, booming power sector, and augmented power generation capacities globally.
5.1.1.3. Encouraging regulations by the governing bodies to eliminate emission rates
5.1.2. Restraints
5.1.2.1. High reliability of hydrogen
5.1.3. Opportunities
5.1.3.1. Rising conventional or non-conventional fuels owing to increased operational capability
5.1.3.2. Increasing investments to boost the growth of fuel cell technology
5.1.4. Challenges
5.1.4.1. Lack of standardization
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization

6. Fuel Cells Market, by Type
6.1. Introduction
6.2. Direct Methanol Fuel Cells
6.3. Molten Carbonate Fuel Cells
6.4. Phosphoric Acid Fuel Cells
6.5. Proton Exchange Membrane Fuel Cells
6.6. Solid Oxide Fuel Cells

7. Fuel Cells Market, by Application
7.1. Introduction
7.2. Portable Power
7.3. Stationery
7.4. Transportation

8. Americas Fuel Cells Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Fuel Cells Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Fuel Cells Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player

12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Ballard Power Systems, Inc.
12.1.2. Bloom Energy Corporation
12.1.3. Ceres Power Holdings PLC
12.1.4. ClearEdge Power, Inc
12.1.5. Cummins Inc.
12.1.6. Doosan Corporation
12.1.7. FuelCell Energy, Inc.
12.1.8. Kyocera Corporation
12.1.9. Nedstack Fuel Cell Technology B.V.
12.1.10. Nuvera Fuel Cells, LLC
12.1.11. Panasonic Corporation
12.1.12. Plug Power Inc.
12.1.13. SFC Energy AG
12.1.14. Toshiba Corporation
12.2. Key Product Portfolio

13. Appendix
13.1. Discussion Guide
13.2. License & Pricing



List of Figures

FIGURE 1. FUEL CELLS MARKET RESEARCH PROCESS
FIGURE 2. FUEL CELLS MARKET SIZE, 2022 VS 2030
FIGURE 3. FUEL CELLS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. FUEL CELLS MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. FUEL CELLS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. FUEL CELLS MARKET DYNAMICS
FIGURE 7. FUEL CELLS MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. FUEL CELLS MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. FUEL CELLS MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 10. FUEL CELLS MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 12. AMERICAS FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES FUEL CELLS MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 14. UNITED STATES FUEL CELLS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA FUEL CELLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. FUEL CELLS MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 20. FUEL CELLS MARKET SHARE, BY KEY PLAYER, 2022

List of Tables

TABLE 1. FUEL CELLS MARKET SEGMENTATION & COVERAGE
TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018–2022
TABLE 3. FUEL CELLS MARKET SIZE, 2018-2030 (USD MILLION)
TABLE 4. GLOBAL FUEL CELLS MARKET SIZE, BY REGION, 2018-2030 (USD MILLION)
TABLE 5. FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 6. FUEL CELLS MARKET SIZE, BY DIRECT METHANOL FUEL CELLS, BY REGION, 2018-2030 (USD MILLION)
TABLE 7. FUEL CELLS MARKET SIZE, BY MOLTEN CARBONATE FUEL CELLS, BY REGION, 2018-2030 (USD MILLION)
TABLE 8. FUEL CELLS MARKET SIZE, BY PHOSPHORIC ACID FUEL CELLS, BY REGION, 2018-2030 (USD MILLION)
TABLE 9. FUEL CELLS MARKET SIZE, BY PROTON EXCHANGE MEMBRANE FUEL CELLS, BY REGION, 2018-2030 (USD MILLION)
TABLE 10. FUEL CELLS MARKET SIZE, BY SOLID OXIDE FUEL CELLS, BY REGION, 2018-2030 (USD MILLION)
TABLE 11. FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 12. FUEL CELLS MARKET SIZE, BY PORTABLE POWER, BY REGION, 2018-2030 (USD MILLION)
TABLE 13. FUEL CELLS MARKET SIZE, BY STATIONERY, BY REGION, 2018-2030 (USD MILLION)
TABLE 14. FUEL CELLS MARKET SIZE, BY TRANSPORTATION, BY REGION, 2018-2030 (USD MILLION)
TABLE 15. AMERICAS FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 16. AMERICAS FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 17. AMERICAS FUEL CELLS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 18. ARGENTINA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 19. ARGENTINA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 20. BRAZIL FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 21. BRAZIL FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 22. CANADA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 23. CANADA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 24. MEXICO FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 25. MEXICO FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 26. UNITED STATES FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 27. UNITED STATES FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 28. UNITED STATES FUEL CELLS MARKET SIZE, BY STATE, 2018-2030 (USD MILLION)
TABLE 29. ASIA-PACIFIC FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 30. ASIA-PACIFIC FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 31. ASIA-PACIFIC FUEL CELLS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 32. AUSTRALIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 33. AUSTRALIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 34. CHINA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 35. CHINA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 36. INDIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 37. INDIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 38. INDONESIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 39. INDONESIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 40. JAPAN FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 41. JAPAN FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 42. MALAYSIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 43. MALAYSIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 44. PHILIPPINES FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 45. PHILIPPINES FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 46. SINGAPORE FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 47. SINGAPORE FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 48. SOUTH KOREA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 49. SOUTH KOREA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 50. TAIWAN FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 51. TAIWAN FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 52. THAILAND FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 53. THAILAND FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 54. VIETNAM FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 55. VIETNAM FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 56. EUROPE, MIDDLE EAST & AFRICA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 57. EUROPE, MIDDLE EAST & AFRICA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 58. EUROPE, MIDDLE EAST & AFRICA FUEL CELLS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 59. DENMARK FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 60. DENMARK FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 61. EGYPT FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 62. EGYPT FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 63. FINLAND FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 64. FINLAND FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 65. FRANCE FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 66. FRANCE FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 67. GERMANY FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 68. GERMANY FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 69. ISRAEL FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 70. ISRAEL FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 71. ITALY FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 72. ITALY FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 73. NETHERLANDS FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 74. NETHERLANDS FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 75. NIGERIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 76. NIGERIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 77. NORWAY FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 78. NORWAY FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 79. POLAND FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 80. POLAND FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 81. QATAR FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 82. QATAR FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 83. RUSSIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 84. RUSSIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 85. SAUDI ARABIA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 86. SAUDI ARABIA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 87. SOUTH AFRICA FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 88. SOUTH AFRICA FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 89. SPAIN FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 90. SPAIN FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 91. SWEDEN FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 92. SWEDEN FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 93. SWITZERLAND FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 94. SWITZERLAND FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 95. TURKEY FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 96. TURKEY FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 97. UNITED ARAB EMIRATES FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 98. UNITED ARAB EMIRATES FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 99. UNITED KINGDOM FUEL CELLS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 100. UNITED KINGDOM FUEL CELLS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
TABLE 101. FUEL CELLS MARKET, FPNV POSITIONING MATRIX, 2022
TABLE 102. FUEL CELLS MARKET SHARE, BY KEY PLAYER, 2022
TABLE 103. FUEL CELLS MARKET LICENSE & PRICING