Fuel Cell Technology Market 2022: Key Strategies, Historical Analysis, Trends, New Opportunities and Forecast Till 2028
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Fuel cells are used for converting chemical energy into electrical energy. The conversion takes place via electromagnetically reactions, for example battery. Fuel Cell Technology has various applications such as transportation, stationary, and portable electronics.
This report elaborates the market size, market characteristics, and market growth of the Fuel Cell Technology industry, and breaks down according to the type, application, and consumption area of Fuel Cell Technology. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Fuel Cell Technology in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Fuel Cell Technology market covered in Chapter 13:
Ballard Power Systems Inc.
AFC Energy PLC
Air Products and Chemicals, Inc.
Intelligent Energy
Cellkraft AB
EnergyOR Technologies Inc.
Hydrogenics
Nuvera Fuel Cells
H2 Logic A/S
Automotive Fuel Cell Cooperation
Oorja Fuel Cells
In Chapter 6, on the basis of types, the Fuel Cell Technology market from 2015 to 2025 is primarily split into:
MCFC
PEMFC
SOFC
DMFC
PAFC
In Chapter 7, on the basis of applications, the Fuel Cell Technology market from 2015 to 2025 covers:
Stationary
Transportation
Portable electronics
Others
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Fuel Cell Technology Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Fuel Cell Technology Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Fuel Cell Technology Market Forces
3.1 Global Fuel Cell Technology Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Fuel Cell Technology Market - By Geography
4.1 Global Fuel Cell Technology Market Value and Market Share by Regions
4.1.1 Global Fuel Cell Technology Value ($) by Region (2015-2020)
4.1.2 Global Fuel Cell Technology Value Market Share by Regions (2015-2020)
4.2 Global Fuel Cell Technology Market Production and Market Share by Major Countries
4.2.1 Global Fuel Cell Technology Production by Major Countries (2015-2020)
4.2.2 Global Fuel Cell Technology Production Market Share by Major Countries (2015-2020)
4.3 Global Fuel Cell Technology Market Consumption and Market Share by Regions
4.3.1 Global Fuel Cell Technology Consumption by Regions (2015-2020)
4.3.2 Global Fuel Cell Technology Consumption Market Share by Regions (2015-2020)
5 Fuel Cell Technology Market - By Trade Statistics
5.1 Global Fuel Cell Technology Export and Import
5.2 United States Fuel Cell Technology Export and Import (2015-2020)
5.3 Europe Fuel Cell Technology Export and Import (2015-2020)
5.4 China Fuel Cell Technology Export and Import (2015-2020)
5.5 Japan Fuel Cell Technology Export and Import (2015-2020)
5.6 India Fuel Cell Technology Export and Import (2015-2020)
5.7
6 Fuel Cell Technology Market - By Type
6.1 Global Fuel Cell Technology Production and Market Share by Types (2015-2020)
6.1.1 Global Fuel Cell Technology Production by Types (2015-2020)
6.1.2 Global Fuel Cell Technology Production Market Share by Types (2015-2020)
6.2 Global Fuel Cell Technology Value and Market Share by Types (2015-2020)
6.2.1 Global Fuel Cell Technology Value by Types (2015-2020)
6.2.2 Global Fuel Cell Technology Value Market Share by Types (2015-2020)
6.3 Global Fuel Cell Technology Production, Price and Growth Rate of MCFC (2015-2020)
6.4 Global Fuel Cell Technology Production, Price and Growth Rate of PEMFC (2015-2020)
6.5 Global Fuel Cell Technology Production, Price and Growth Rate of SOFC (2015-2020)
6.6 Global Fuel Cell Technology Production, Price and Growth Rate of DMFC (2015-2020)
6.7 Global Fuel Cell Technology Production, Price and Growth Rate of PAFC (2015-2020)
7 Fuel Cell Technology Market - By Application
7.1 Global Fuel Cell Technology Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Fuel Cell Technology Consumption by Applications (2015-2020)
7.1.2 Global Fuel Cell Technology Consumption Market Share by Applications (2015-2020)
7.2 Global Fuel Cell Technology Consumption and Growth Rate of Stationary (2015-2020)
7.3 Global Fuel Cell Technology Consumption and Growth Rate of Transportation (2015-2020)
7.4 Global Fuel Cell Technology Consumption and Growth Rate of Portable electronics (2015-2020)
7.5 Global Fuel Cell Technology Consumption and Growth Rate of Others (2015-2020)
8 North America Fuel Cell Technology Market
8.1 North America Fuel Cell Technology Market Size
8.2 United States Fuel Cell Technology Market Size
8.3 Canada Fuel Cell Technology Market Size
8.4 Mexico Fuel Cell Technology Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Fuel Cell Technology Market Analysis
9.1 Europe Fuel Cell Technology Market Size
9.2 Germany Fuel Cell Technology Market Size
9.3 United Kingdom Fuel Cell Technology Market Size
9.4 France Fuel Cell Technology Market Size
9.5 Italy Fuel Cell Technology Market Size
9.6 Spain Fuel Cell Technology Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Fuel Cell Technology Market Analysis
10.1 Asia-Pacific Fuel Cell Technology Market Size
10.2 China Fuel Cell Technology Market Size
10.3 Japan Fuel Cell Technology Market Size
10.4 South Korea Fuel Cell Technology Market Size
10.5 Southeast Asia Fuel Cell Technology Market Size
10.6 India Fuel Cell Technology Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Fuel Cell Technology Market Analysis
11.1 Middle East and Africa Fuel Cell Technology Market Size
11.2 Saudi Arabia Fuel Cell Technology Market Size
11.3 UAE Fuel Cell Technology Market Size
11.4 South Africa Fuel Cell Technology Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Fuel Cell Technology Market Analysis
12.1 South America Fuel Cell Technology Market Size
12.2 Brazil Fuel Cell Technology Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Ballard Power Systems Inc.
13.1.1 Ballard Power Systems Inc. Basic Information
13.1.2 Ballard Power Systems Inc. Product Profiles, Application and Specification
13.1.3 Ballard Power Systems Inc. Fuel Cell Technology Market Performance (2015-2020)
13.2 AFC Energy PLC
13.2.1 AFC Energy PLC Basic Information
13.2.2 AFC Energy PLC Product Profiles, Application and Specification
13.2.3 AFC Energy PLC Fuel Cell Technology Market Performance (2015-2020)
13.3 Air Products and Chemicals, Inc.
13.3.1 Air Products and Chemicals, Inc. Basic Information
13.3.2 Air Products and Chemicals, Inc. Product Profiles, Application and Specification
13.3.3 Air Products and Chemicals, Inc. Fuel Cell Technology Market Performance (2015-2020)
13.4 Intelligent Energy
13.4.1 Intelligent Energy Basic Information
13.4.2 Intelligent Energy Product Profiles, Application and Specification
13.4.3 Intelligent Energy Fuel Cell Technology Market Performance (2015-2020)
13.5 Cellkraft AB
13.5.1 Cellkraft AB Basic Information
13.5.2 Cellkraft AB Product Profiles, Application and Specification
13.5.3 Cellkraft AB Fuel Cell Technology Market Performance (2015-2020)
13.6 EnergyOR Technologies Inc.
13.6.1 EnergyOR Technologies Inc. Basic Information
13.6.2 EnergyOR Technologies Inc. Product Profiles, Application and Specification
13.6.3 EnergyOR Technologies Inc. Fuel Cell Technology Market Performance (2015-2020)
13.7 Hydrogenics
13.7.1 Hydrogenics Basic Information
13.7.2 Hydrogenics Product Profiles, Application and Specification
13.7.3 Hydrogenics Fuel Cell Technology Market Performance (2015-2020)
13.8 Nuvera Fuel Cells
13.8.1 Nuvera Fuel Cells Basic Information
13.8.2 Nuvera Fuel Cells Product Profiles, Application and Specification
13.8.3 Nuvera Fuel Cells Fuel Cell Technology Market Performance (2015-2020)
13.9 H2 Logic A/S
13.9.1 H2 Logic A/S Basic Information
13.9.2 H2 Logic A/S Product Profiles, Application and Specification
13.9.3 H2 Logic A/S Fuel Cell Technology Market Performance (2015-2020)
13.10 Automotive Fuel Cell Cooperation
13.10.1 Automotive Fuel Cell Cooperation Basic Information
13.10.2 Automotive Fuel Cell Cooperation Product Profiles, Application and Specification
13.10.3 Automotive Fuel Cell Cooperation Fuel Cell Technology Market Performance (2015-2020)
13.11 Oorja Fuel Cells
13.11.1 Oorja Fuel Cells Basic Information
13.11.2 Oorja Fuel Cells Product Profiles, Application and Specification
13.11.3 Oorja Fuel Cells Fuel Cell Technology Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Fuel Cell Technology Market Forecast (2020-2025)
14.2 Europe Fuel Cell Technology Market Forecast (2020-2025)
14.3 Asia-Pacific Fuel Cell Technology Market Forecast (2020-2025)
14.4 Middle East and Africa Fuel Cell Technology Market Forecast (2020-2025)
14.5 South America Fuel Cell Technology Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Fuel Cell Technology Market Forecast by Types (2020-2025)
15.1.1 Global Fuel Cell Technology Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Fuel Cell Technology Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Fuel Cell Technology Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Fuel Cell Technology Picture
Table Fuel Cell Technology Key Market Segments
Figure Study and Forecasting Years
Figure Global Fuel Cell Technology Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Fuel Cell Technology Value ($) and Growth Rate (2015-2020)
Table Global Fuel Cell Technology Value ($) by Countries (2015-2020)
Table Global Fuel Cell Technology Value Market Share by Regions (2015-2020)
Figure Global Fuel Cell Technology Value Market Share by Regions in 2019
Figure Global Fuel Cell Technology Production and Growth Rate (2015-2020)
Table Global Fuel Cell Technology Production by Major Countries (2015-2020)
Table Global Fuel Cell Technology Production Market Share by Major Countries (2015-2020)
Figure Global Fuel Cell Technology Production Market Share by Regions in 2019
Figure Global Fuel Cell Technology Consumption and Growth Rate (2015-2020)
Table Global Fuel Cell Technology Consumption by Regions (2015-2020)
Table Global Fuel Cell Technology Consumption Market Share by Regions (2015-2020)
Figure Global Fuel Cell Technology Consumption Market Share by Regions in 2019
Table Global Fuel Cell Technology Export Top 3 Country 2019
Table Global Fuel Cell Technology Import Top 3 Country 2019
Table United States Fuel Cell Technology Export and Import (2015-2020)
Table Europe Fuel Cell Technology Export and Import (2015-2020)
Table China Fuel Cell Technology Export and Import (2015-2020)
Table Japan Fuel Cell Technology Export and Import (2015-2020)
Table India Fuel Cell Technology Export and Import (2015-2020)
Table Global Fuel Cell Technology Production by Types (2015-2020)
Table Global Fuel Cell Technology Production Market Share by Types (2015-2020)
Figure Global Fuel Cell Technology Production Share by Type (2015-2020)
Table Global Fuel Cell Technology Value by Types (2015-2020)
Table Global Fuel Cell Technology Value Market Share by Types (2015-2020)
Figure Global Fuel Cell Technology Value Share by Type (2015-2020)
Figure Global MCFC Production and Growth Rate (2015-2020)
Figure Global MCFC Price (2015-2020)
Figure Global PEMFC Production and Growth Rate (2015-2020)
Figure Global PEMFC Price (2015-2020)
Figure Global SOFC Production and Growth Rate (2015-2020)
Figure Global SOFC Price (2015-2020)
Figure Global DMFC Production and Growth Rate (2015-2020)
Figure Global DMFC Price (2015-2020)
Figure Global PAFC Production and Growth Rate (2015-2020)
Figure Global PAFC Price (2015-2020)
Table Global Fuel Cell Technology Consumption by Applications (2015-2020)
Table Global Fuel Cell Technology Consumption Market Share by Applications (2015-2020)
Figure Global Fuel Cell Technology Consumption Share by Application (2015-2020)
Figure Global Stationary Consumption and Growth Rate (2015-2020)
Figure Global Transportation Consumption and Growth Rate (2015-2020)
Figure Global Portable electronics Consumption and Growth Rate (2015-2020)
Figure Global Others Consumption and Growth Rate (2015-2020)
Figure North America Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table North America Fuel Cell Technology Consumption by Countries (2015-2020)
Table North America Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure North America Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure United States Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Canada Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Mexico Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table Europe Fuel Cell Technology Consumption by Countries (2015-2020)
Table Europe Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Europe Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Germany Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure France Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Italy Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Spain Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Fuel Cell Technology Consumption by Countries (2015-2020)
Table Asia-Pacific Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure China Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Japan Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure South Korea Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure India Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Fuel Cell Technology Consumption by Countries (2015-2020)
Table Middle East and Africa Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure UAE Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure South Africa Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Figure South America Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table South America Fuel Cell Technology Consumption by Countries (2015-2020)
Table South America Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure South America Fuel Cell Technology Consumption Market Share by Countries (2015-2020)
Figure Brazil Fuel Cell Technology Market Consumption and Growth Rate (2015-2020)
Table Ballard Power Systems Inc. Company Profile
Table Ballard Power Systems Inc. Production, Value, Price, Gross Margin 2015-2020
Figure Ballard Power Systems Inc. Production and Growth Rate
Figure Ballard Power Systems Inc. Value ($) Market Share 2015-2020
Table AFC Energy PLC Company Profile
Table AFC Energy PLC Production, Value, Price, Gross Margin 2015-2020
Figure AFC Energy PLC Production and Growth Rate
Figure AFC Energy PLC Value ($) Market Share 2015-2020
Table Air Products and Chemicals, Inc. Company Profile
Table Air Products and Chemicals, Inc. Production, Value, Price, Gross Margin 2015-2020
Figure Air Products and Chemicals, Inc. Production and Growth Rate
Figure Air Products and Chemicals, Inc. Value ($) Market Share 2015-2020
Table Intelligent Energy Company Profile
Table Intelligent Energy Production, Value, Price, Gross Margin 2015-2020
Figure Intelligent Energy Production and Growth Rate
Figure Intelligent Energy Value ($) Market Share 2015-2020
Table Cellkraft AB Company Profile
Table Cellkraft AB Production, Value, Price, Gross Margin 2015-2020
Figure Cellkraft AB Production and Growth Rate
Figure Cellkraft AB Value ($) Market Share 2015-2020
Table EnergyOR Technologies Inc. Company Profile
Table EnergyOR Technologies Inc. Production, Value, Price, Gross Margin 2015-2020
Figure EnergyOR Technologies Inc. Production and Growth Rate
Figure EnergyOR Technologies Inc. Value ($) Market Share 2015-2020
Table Hydrogenics Company Profile
Table Hydrogenics Production, Value, Price, Gross Margin 2015-2020
Figure Hydrogenics Production and Growth Rate
Figure Hydrogenics Value ($) Market Share 2015-2020
Table Nuvera Fuel Cells Company Profile
Table Nuvera Fuel Cells Production, Value, Price, Gross Margin 2015-2020
Figure Nuvera Fuel Cells Production and Growth Rate
Figure Nuvera Fuel Cells Value ($) Market Share 2015-2020
Table H2 Logic A/S Company Profile
Table H2 Logic A/S Production, Value, Price, Gross Margin 2015-2020
Figure H2 Logic A/S Production and Growth Rate
Figure H2 Logic A/S Value ($) Market Share 2015-2020
Table Automotive Fuel Cell Cooperation Company Profile
Table Automotive Fuel Cell Cooperation Production, Value, Price, Gross Margin 2015-2020
Figure Automotive Fuel Cell Cooperation Production and Growth Rate
Figure Automotive Fuel Cell Cooperation Value ($) Market Share 2015-2020
Table Oorja Fuel Cells Company Profile
Table Oorja Fuel Cells Production, Value, Price, Gross Margin 2015-2020
Figure Oorja Fuel Cells Production and Growth Rate
Figure Oorja Fuel Cells Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Fuel Cell Technology Market Forecast Production by Types (2020-2025)
Table Global Fuel Cell Technology Market Forecast Production Share by Types (2020-2025)
Table Global Fuel Cell Technology Market Forecast Value ($) by Types (2020-2025)
Table Global Fuel Cell Technology Market Forecast Value Share by Types (2020-2025)
Table Global Fuel Cell Technology Market Forecast Consumption by Applications (2020-2025)
Table Global Fuel Cell Technology Market Forecast Consumption Share by Applications (2020-2025)
Research Methodology:
Fuel Cell Technology Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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