The global market for fuel cells for residential, commercial and military power is estimated to grow from $4.6 billion in 2025 to reach $10.7 billion by 2030, at a compound annual growth rate (CAGR) of 18.4% from 2025 to 2030.
The Asia-Pacific market for fuel cells for residential, commercial and military power is estimated to grow from $2.4 billion in 2025 to reach $5.3 billion by 2030, at a CAGR of 16.8% from 2025 to 2030.
The European market for fuel cells for residential, commercial and military power is estimated to grow from $721.9 million in 2025 to reach $2 billion by 2030, at a CAGR of 22.7% from 2025 to 2030.
Report Scope
The scope of this report encompasses the segmental analysis by fuel cell type, application and end use. The report also discusses innovations in fuel cells for residential, commercial and military power technology, regulatory analysis, competitive aspects, energy transition and economic trends that influence the market. The analyst has included patent analysis for the global market for fuel cells in residential, commercial and military power, depicting a strong investment prospect for technology investors. The study comprises Porter's analysis, an ESG development chapter, macroeconomic factors and a competitive landscape, enabling the reader to understand the competitive environment in the global market more precisely. The report concludes by providing detailed profiles of the major companies that offer fuel cells for residential, commercial and military power.
The report also includes a regional analysis of fuel cells for residential, commercial and military power that covers North America, Europe, Asia-Pacific and the Rest of the World (South America and the Middle East and Africa). The country analysis, which includes the U.S., the U.K., South Korea, Japan and China, further examines current and future factors influencing the demand. The year 2024 is considered the base year, and 2025 is an estimated year. Market values are forecast for five years through 2030. All market values are in millions of U.S. dollars ($).
Report Includes
- 41 data tables and 49 additional tables
- In-depth analysis of the global market for fuel cells for residential, commercial and military power
- Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2028 and 2029, as well as projected CAGRs through 2030
- Estimates of the market size and revenue growth prospects, accompanied by a market share analysis by fuel cell type, application, end user and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, prospects and the impact of macroeconomic variables
- Insights derived from Porter's Five Forces model, as well as global supply chain analyses
- Upcoming trends and technologies, and potential applications for fuel cells in residential, commercial and military power
- Patent review, featuring key granted and published patents
- Analysis of the industry structure, including companies' market shares and rankings, product mappings, strategic initiatives, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Profiles of the leading companies, including Bloom Energy, Mitsubishi Heavy Industries Ltd., Doosan Fuel Cell Co. Ltd., FuelCell Energy Inc., and Kyocera Corp.
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics and Growth Factors
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Current Market Overview and Future Scenario
- Current Market Overview
- Future Scenario
- Value Chain Analysis
- Raw Material Providers
- Component Manufacturers
- Fuel Cell Providers and Manufacturers
- End-Use Industries
- Porter's Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Potential for New Entrants to the Market
- Competition in the Industry
- Threat of Substitutes
- Macroeconomic Factors Analysis
- Role of Hydrogen and Fuel Cells in Advancing Low-Emission Energy Systems
- Global Transition Toward Green Energy
- Impact of U.S. tariffs on the Fuel Cell Market
- Government-Led Regulatory Frameworks and Initiatives
- U.S.
- Germany
- U.K.
- China
- Japan
- South Korea
- Climate Target Policies
- Case Studies for Fuel Cells in Stationary and Portable Applications
- Microsoft Corp.
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Increasing Demand for Uninterrupted Power Supply
- Supportive Government Regulations and Incentives
- Growing Awareness of Reducing Carbon Emissions
- Market Restraints
- High Cost of Catalysts
- High Cost of Hydrogen Storage and Distribution
- Crude Oil Price Fluctuations
- Market Opportunities
- Growing Demand for Clean Energy Sources
- Fuel Cell Potential for Microgrid Application
Chapter 4 Emerging Technologies and Developments
- Overview
- Emerging Technologies/Applications
- New Developments in Bipolar Plates
- New Developments in Fuel Cell Stacks
- Patent Analysis
- Overview
- Key Patents
- Key Findings
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Type
- Key Takeaways
- Polymer Electrolyte Membrane Fuel Cell (PEMFC)
- Solid Oxide Fuel Cell (SOFC)
- Others
- Market Breakdown by Application
- Key Takeaways
- Stationary Application
- Portable Application
- Market Breakdown by End Use
- Key Takeaways
- Commercial
- Residential
- Military
- Geographic Breakdown
- Market Breakdown by Region
- Key Takeaways
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Chapter 6 Competitive Landscape
- Overview
- Company Share Analysis
- Bloom Energy
- Plug Power Inc.
- Mitsubishi Heavy Industries Ltd.
- Kyocera Corp.
- FuelCell Energy Inc.
- Strategic Analysis
- Company Strategy and Product Portfolio Matrix
Chapter 7 Sustainability in the Market for Fuel Cells for Residential, Commercial and Military Power: An ESG Perspective
- Overview
- Environmental Impact
- Social Impact
- Governance Impact
- Current Status of ESG in the Market
- Case Study: Examples of Successful Implementation of ESG
- Plug Power Inc.
- Ballard Power Systems
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- Research Steps
- References
- Abbreviations
- Company Profiles
- AFC ENERGY
- AISIN CORP.
- BALLARD POWER SYSTEMS
- BLOOM ENERGY
- CONVION LTD.
- CUMMINS INC.
- DOOSAN FUEL CELL CO. LTD.
- FUELCELL ENERGY INC.
- FUJI ELECTRIC CO. LTD.
- KYOCERA CORP.
- MITSUBISHI HEAVY INDUSTRIES LTD.
- NEDSTACK FUEL CELL TECHNOLOGY
- PLUG POWER INC.
- POWERCELL SWEDEN AB
- TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORP.
- Other Notable Companies in the Global Market