세계의 연료전지 시장 예측(-2030년) : 유형별, 컴포넌트별, 규모별, 연료 유형별, 용도별, 최종사용자별, 지역별

The global fuel cell market is projected to reach USD 18.16 billion by 2030 from USD 5.66 billion in 2025, registering a CAGR of 26.3%. The global fuel cell market is on a growth trajectory driven by the increasing trend of switching to low-emission and sustainable energy solutions for transportation, power generation, and industrial uses. The current supportive broader political environment, decarbonization targets, and hydrogen infrastructure are enabling expansion in the level of adoption. Fuel cell technology is advancing, leading to improved efficiencies, the development of new materials, and reduced costs. This progress will allow it to expand beyond industrialized nations into other regions. As demand rises, major organizations are increasing their global presence through manufacturing, partnerships, and more comprehensive service options.

"Solid oxide segment, by type, to be fastest-growing market from 2025 to 2030"

The solid oxide segment, by type, is expanding as consumers seek more low-emission, high-efficiency power generation alternatives and stationary energy systems that can last a prolonged duration. Solid oxide fuel cells are key to providing long-duration, distributed, and continual power in commercial, industrial, and large utility applications because of their high electrical efficiency and flexible fuel options. This growing vertical benefits from developments in ceramic materials, thermal management, and system design that have improved durability and operating costs. Furthermore, these power systems are being more widely adopted as they can now be integrated with combined heat and power (CHP) systems, which can use renewable sources of hydrogen, in the context of a global move to decarbonization. These fuel cells can operate on various fuel types, such as hydrogen, natural gas, and biogas. They are effective technologies to support the energy transition while providing cleaner and more resilient power infrastructure.

"Stack segment, by component, was second-largest market in 2024"

The stack segment of the fuel cell market is crucial because hydrogen and oxygen undergo an electrochemical reaction to produce electricity, water, and heat. Key components of the stack segment include the membrane electrode assembly (MEA), bipolar plates, gas diffusion layers, and sealants, all designed to optimize conductivity, durability, and heat management. This segment rapidly expands due to the growing demand for integrated, efficient, high-performance systems for stationary, mobile, and portable applications. This demand is linked to developing, commercializing, and scaling clean energy technologies, thereby enhancing the overall fuel cell market in the global clean energy transition. The stack segment represents a significant portion of capital expenditures (CAPEX), which arise from higher material and fabrication costs, and operational expenditures, including lifecycle maintenance and stack replacements. Additionally, the performance of stack products is a critical factor influencing the efficiency, lifetime, and cost competitiveness of fuel cell systems.

"Asia Pacific to account for largest share of fuel cell market throughout forecast period"

The Asia Pacific (APAC) region is developing into a major player in the global fuel cell market. It brings together energy demand, positive government support for clean energy technologies, and investment in hydrogen infrastructure in the region. Interest in the shift toward decarbonizing transportation, processes, and distributed power systems is increasing, and the fuel cell market is experiencing rapid growth. Japan, South Korea, and China have all begun to develop their national hydrogen strategies and implement fuel cell roadmaps that connect activities across residential and mobility sectors to large-scale utilization in the commercial sector. Japan is currently leading in this area, with the deployment of fuel cell systems in residences and the national ENE-FARM program demonstrating successful end-user applications. South Korea is preparing to invest heavily in utility-scale fuel cell power plants and hydrogen energy for public transportation. Meanwhile, China is gearing up for substantial rollouts of fuel cell vehicles (FCVs) through various subsidies and pilot programs, positioning the country as a major manufacturing hub in the industry. India aims to seize this opportunity with initiatives such as the National Green Hydrogen Mission, signaling governmental confidence through various policies and R&D efforts. Collectively, the opportunities presented by regional cooperation, emerging policy frameworks, and increasing public-private investment position the Asia Pacific region to become a driving force in the commercialization and innovation of fuel cells.

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 57%, Tier 2 - 29%, and Tier 3 - 14%

By Designation: C-level Executives - 35%, Directors - 20%, and Others - 45%

By Region: North America - 20%, Europe - 15%, Asia Pacific - 30%, Middle East & Africa - 25%, and South America - 10%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: >USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: <USD 500 million. Others include sales managers, engineers, and regional managers.

Bloom Energy (US), Plug Power Inc. (US), AISIN CORPORATION (Japan), Ballard Power Systems (Canada), FuelCell Energy, Inc. (US), KYOCERA Corporation (Japan), Doosan Fuel Cell Co., Ltd. (South Korea), Cummins Inc. (US), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), ElringKlinger AG (Germany), TOSHIBA CORPORATION (Japan), Nedstack Fuel Cell Technology BV (Netherlands), PowerCell Sweden AB (Sweden), SFC Energy AG (Germany), AFC Energy (UK), Fuji Electric Co., Ltd. (Japan), Intelligent Energy Limited (UK), Horizon Fuel Cell Technologies (Singapore), Hyster-Yale Materials Handling, Inc. (US), AVL (Austria), ADELAN (UK), Ecospray Technologies S.r.l. (Italy), and Special Power Sources (US) are key players in the fuel cell market. The study includes an in-depth competitive analysis of these key players in the fuel cell market, with their company profiles, recent developments, and key market strategies.

Study Coverage:

The report defines, describes, and forecasts the fuel cell market market, by type (proton exchange membrane, solid oxide, phosphoric acid, alkaline, microbial, direct methanol, other fuel cell types), fuel type (hydrogen, ammonia, methanol, ethanol, other fuel types), component (stack and balance of plant (bop), application (portable, stationary, and fuel cell vehciles), size (small-scale (up to 200 kw) and large-scale (above 200 kw)), end user (residential, commercial & industrial, transportation, data centers, military & defense, utilities & government/municipal institutes), and region (North America, Europe, Asia Pacific, and RoW). The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing fuel cell market growth. A thorough analysis of the key industry players has provided insights into their business overview, solutions, and services; key strategies such as contracts, partnerships, agreements, expansions, product launches, collaborations, and acquisitions; and recent developments associated with the fuel cell market. This report covers the competitive analysis of upcoming startups in the fuel cell market ecosystem.

Key Benefits of Buying the Report:

• The report includes the analysis of key drivers (Burgeoning adoption of low-carbon vehicles to address climate change, rising implementation of strict carbon emission regulations, quicker refueling time and more extended range of FCEVs than BEVs, and growing emphasis on decarbonizing maritime industry), restraints (Requirement for expensive materials and complex manufacturing processes, high flammability of hydrogen), opportunities (Implementation of incentive programs to support distributed power generation, governments' focus on initiating hydrogen programs), and challenges (High adoption of BEVs with increasing investment in lithium-ion batteries, supply chain bottlenecks, and lack of infrastructure for hydrogen production and refueling.)
• Product Development/Innovation: Fuel cell manufacturers continually capitalize on new materials, automated production, and modular systems to optimize performance and cost. We see several new advancements in the fuel cell market, including AI-based performance monitoring, digital twin models to check stacks, and predictive maintenance to improve reliability and lifespan. The market is embracing emerging catalysts, low-platinum and non-platinum options, and advanced membranes to produce higher levels of efficiency and decreased environmental impact. These possibilities enable fuel cell companies to deliver high levels of performance, scalable and clean energy solutions in response to global decarbonization and distributed energy expectations.
• Market Development: In February 2025, Bloom Energy and Equinix signed a partnership deal for over 100 megawatts of fuel cell capacity across 19 Equinix data centers in six US states. Starting from a 1 MW pilot in 2015, the partnership now includes 75 MW operational and 30 MW under construction, providing cleaner, on-site power to meet the growing energy demands of AI-driven computing. Bloom's fuel cells offer reliable electricity with minimal environmental impact, enhancing Equinix's sustainability efforts and reducing reliance on traditional grid power. This report provides a detailed analysis of fuel cell manufacturers' strategies critical for project success, providing stakeholders with actionable insights into trends and opportunities for growth in the fuel cell market.
• Market Diversification: The report offers a comprehensive analysis of the strategies employed by manufacturers to facilitate market diversification. It outlines innovative products, operating models, and new partnership frameworks across various regions, which are underpinned by technology-driven business lines. The findings emphasize opportunities for expansion beyond traditional operations, identifying geographical areas and customer segments that are currently served but remain underserved and are suitable for strategic entry.
• Competitive Assessment: The report provides in-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Bloom Energy (US), Plug Power Inc. (US), AISIN CORPORATION (Japan), Ballard Power Systems (Canada), FuelCell Energy, Inc. (US), KYOCERA Corporation (Japan), Doosan Fuel Cell Co., Ltd. (South Korea), Cummins Inc. (US), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), ElringKlinger AG (Germany), TOSHIBA CORPORATION (Japan), Nedstack Fuel Cell Technology BV (Netherlands), PowerCell Sweden AB (Sweden), among others, in the fuel cell market.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS
• 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
• 2.2 SECONDARY AND PRIMARY RESEARCH
  • 2.2.1 SECONDARY DATA
    • 2.2.1.1 List of key secondary sources
    • 2.2.1.2 Key data from secondary sources
  • 2.2.2 PRIMARY DATA
    • 2.2.2.1 List of primary interview participants
    • 2.2.2.2 Key industry insights
    • 2.2.2.3 Breakdown of primaries
    • 2.2.2.4 Key data from primary sources
• 2.3 MARKET SIZE ESTIMATION METHODOLOGY
  • 2.3.1 BOTTOM-UP APPROACH
  • 2.3.2 TOP-DOWN APPROACH
  • 2.3.3 DEMAND-SIDE ANALYSIS
    • 2.3.3.1 Demand-side assumptions
    • 2.3.3.2 Demand-side calculations
  • 2.3.4 SUPPLY-SIDE ANALYSIS
    • 2.3.4.1 Supply-side assumptions
    • 2.3.4.2 Supply-side calculations
• 2.4 FORECAST
• 2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
• 2.6 RESEARCH LIMITATIONS
• 2.7 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUEL CELL MARKET
• 4.2 FUEL CELL MARKET, BY REGION
• 4.3 FUEL CELL MARKET, BY TYPE
• 4.4 FUEL CELL MARKET, BY APPLICATION
• 4.5 FUEL CELL MARKET, BY END USER
• 4.6 FUEL CELL MARKET, BY SIZE
• 4.7 FUEL CELL MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Burgeoning adoption of low-carbon vehicles to address climate change
    • 5.2.1.2 Rising implementation of strict carbon emission regulations
    • 5.2.1.3 Quicker refueling time and longer range of FCEVs than BEVs
    • 5.2.1.4 Growing emphasis on decarbonizing maritime industry
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 Requirement for expensive materials and complex manufacturing processes
    • 5.2.2.2 High flammability of hydrogen
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Implementation of incentive programs to support distributed power generation
    • 5.2.3.2 Governments' focus on initiating hydrogen programs
  • 5.2.4 CHALLENGES
    • 5.2.4.1 High adoption of BEVs with increasing investment in lithium-ion batteries
    • 5.2.4.2 Supply chain bottlenecks and lack of infrastructure for hydrogen production and refueling
• 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.4 PRICING ANALYSIS
  • 5.4.1 AVERAGE SELLING PRICE TREND OF FUEL CELLS, BY TYPE, 2020-2024
  • 5.4.2 PRICING RANGE OF FUEL CELLS OFFERED BY KEY PLAYERS, BY TYPE, 2024
  • 5.4.3 AVERAGE SELLING PRICE TREND OF FUEL CELLS, BY REGION, 2020-2024
  • 5.4.4 PRICING TREND OF FUEL CELLS, BY COMPONENT, 2018-2024
• 5.5 SUPPLY CHAIN ANALYSIS
• 5.6 ECOSYSTEM ANALYSIS
• 5.7 TECHNOLOGY ANALYSIS
  • 5.7.1 KEY TECHNOLOGIES
    • 5.7.1.1 Reversible fuel cells
    • 5.7.1.2 Anion-exchange membrane fuel cells
  • 5.7.2 COMPLEMENTARY TECHNOLOGIES
    • 5.7.2.1 Electrolyzers
    • 5.7.2.2 Hydrogen refueling stations
  • 5.7.3 ADJACENT TECHNOLOGIES
    • 5.7.3.1 Battery electric vehicles
    • 5.7.3.2 Hydrogen internal combustion engines (H2-ICE)
• 5.8 CASE STUDY ANALYSIS
  • 5.8.1 WALMART IMPLEMENTS BLOOM ENERGY SERVER FUEL CELLS TO ADVANCE RENEWABLE ENERGY TARGETS
  • 5.8.2 SOUTHERN LINC PARTNERS WITH PLUG POWER TO DEPLOY GENSURE HYDROGEN FUEL CELL BACKUP SYSTEMS TO PROVIDE CONTINUOUS SERVICES DURING OUTAGES
  • 5.8.3 ENVIRONMENT AGENCY ADOPTS EFOY PRO DIRECT METHANOL FUEL CELL TO ENSURE POWER RELIABILITY
• 5.9 PATENT ANALYSIS
• 5.10 TRADE ANALYSIS
  • 5.10.1 IMPORT SCENARIO (HS CODE 280410)
  • 5.10.2 EXPORT SCENARIO (HS CODE 280410)
• 5.11 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.12 REGULATORY LANDSCAPE
  • 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.12.2 REGULATIONS
• 5.13 PORTER'S FIVE FORCES ANALYSIS
  • 5.13.1 THREAT OF SUBSTITUTES
  • 5.13.2 BARGAINING POWER OF SUPPLIERS
  • 5.13.3 BARGAINING POWER OF BUYERS
  • 5.13.4 THREAT OF NEW ENTRANTS
  • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.14.2 BUYING CRITERIA
• 5.15 INVESTMENT AND FUNDING SCENARIO
• 5.16 IMPACT OF AI/GEN AI ON FUEL CELL MARKET
  • 5.16.1 IMPACT ON MANUFACTURING & PROCESS OPTIMIZATION
  • 5.16.2 IMPACT ON SYSTEM MONITORING & OPERATION
  • 5.16.3 IMPACT ON MAINTENANCE & LIFECYCLE MANAGEMENT
• 5.17 GLOBAL MACROECONOMIC OUTLOOK
  • 5.17.1 INTRODUCTION
  • 5.17.2 GOVERNMENT POLICIES AND SUBSIDIES
  • 5.17.3 ENERGY TRANSITION AND DECARBONIZATION GOALS
  • 5.17.4 INVESTMENT TRENDS AND PRIVATE SECTOR ACTIVITIES
  • 5.17.5 ECONOMIC CHALLENGES AND RISKS
• 5.18 IMPACT OF 2025 US TARIFF ON FUEL CELL MARKET
  • 5.18.1 INTRODUCTION
  • 5.18.2 KEY TARIFF RATES
  • 5.18.3 PRICE IMPACT ANALYSIS
  • 5.18.4 IMPACT ON COUNTRIES/REGIONS
    • 5.18.4.1 US
    • 5.18.4.2 Europe
    • 5.18.4.3 Asia Pacific
  • 5.18.5 IMPACT ON APPLICATIONS

6 FUEL CELL MARKET, BY TYPE

• 6.1 INTRODUCTION
• 6.2 PROTON-EXCHANGE MEMBRANE
  • 6.2.1 HIGH PREFERENCE IN TRANSPORTATION, PORTABLE POWER, AND SMALL-SCALE STATIONARY POWER APPLICATIONS TO DRIVE MARKET
• 6.3 SOLID OXIDE
  • 6.3.1 HIGH EFFICIENCY AND LOW EMISSIONS TO ACCELERATE SEGMENTAL GROWTH
• 6.4 PHOSPHORIC ACID
  • 6.4.1 DURABILITY AND HIGH EFFICIENCY IN COGENERATION TO CONTRIBUTE TO SEGMENTAL GROWTH
• 6.5 ALKALINE
  • 6.5.1 MINIMAL THERMAL DEGRADATION OF COMPONENTS AND HIGH ELECTRICAL EFFICIENCY TO FUEL SEGMENTAL GROWTH
• 6.6 MICROBIAL
  • 6.6.1 ABILITY TO TREAT WASTEWATER WHILE SIMULTANEOUSLY GENERATING POWER TO BOOST SEGMENTAL GROWTH
• 6.7 DIRECT METHANOL
  • 6.7.1 USE IN PORTABLE AND SMALL-SCALE POWER APPLICATIONS TO FOSTER SEGMENTAL GROWTH
• 6.8 OTHER FUEL CELL TYPES

7 FUEL CELL MARKET, BY COMPONENT

• 7.1 INTRODUCTION
• 7.2 STACK
  • 7.2.1 PRECISE DESIGN AND QUALITY TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 7.2.2 INTERCONNECTS
  • 7.2.3 END PLATES
  • 7.2.4 SEALINGS
  • 7.2.5 OTHER STACK COMPONENTS
• 7.3 BALANCE OF PLANT (BOS)
  • 7.3.1 ABILITY TO OPTIMIZE PERFORMANCE, SAFETY, AND RELIABILITY OF FUEL CELLS TO FOSTER SEGMENTAL GROWTH
  • 7.3.2 HEAT TRANSFER COMPONENTS
  • 7.3.3 POWER ELECTRONICS & CONTROL SYSTEMS
  • 7.3.4 INSTRUMENTS & SENSORS
  • 7.3.5 FUEL REFORMERS & DESULFURIZERS
  • 7.3.6 OTHER BOP COMPONENTS

8 FUEL CELL MARKET, BY SIZE

• 8.1 INTRODUCTION
• 8.2 SMALL-SCALE (UP TO 200 KW)
  • 8.2.1 COMPACT FOOTPRINT, EFFICIENT OPERATION, AND ABILITY TO FUNCTION IN OFF-GRID OR BACKUP SCENARIOS TO DRIVE MARKET
• 8.3 LARGE-SCALE (ABOVE 200 KW)
  • 8.3.1 EMPHASIS ON ALIGNING WITH NATIONAL ENERGY STRATEGIES TO FOSTER SEGMENTAL GROWTH

9 FUEL CELL MARKET, BY FUEL TYPE

• 9.1 INTRODUCTION
• 9.2 HYDROGEN
  • 9.2.1 EMERGENCE AS ENVIRONMENT-FRIENDLY ALTERNATIVE TO COMBUSTION-BASED POWER SOURCE TO SPUR DEMAND
• 9.3 AMMONIA
  • 9.3.1 ZERO CARBON EMISSIONS AND COST-EFFICIENCY FEATURES TO AUGMENT SEGMENTAL GROWTH
• 9.4 METHANOL
  • 9.4.1 EASY STORAGE AND TRANSPORTATION DUE TO HIGH ENERGY DENSITY TO EXPEDITE SEGMENTAL GROWTH
• 9.5 OTHER FUEL TYPES

10 FUEL CELL MARKET, BY APPLICATION

• 10.1 INTRODUCTION
• 10.2 PORTABLE 136 10.2.1 HIGHER ENERGY DENSITY THAN CONVENTIONAL BATTERIES TO FUEL SEGMENTAL GROWTH
• 10.3 STATIONARY
  • 10.3.1 PRIMARY POWER GENERATION SYSTEMS
    • 10.3.1.1 Rising deployment to supply baseload electricity and CHP to contribute to segmental growth
  • 10.3.2 BACKUP POWER SYSTEMS
    • 10.3.2.1 Global push for low-emission technologies to accelerate segmental growth
  • 10.3.3 CHP SYSTEMS
    • 10.3.3.1 Strong focus on addressing global warming and conserving energy to augment segmental growth
• 10.4 FUEL CELL VEHICLES
  • 10.4.1 PASSENGER LIGHT-DUTY FUEL CELL VEHICLES
    • 10.4.1.1 Increasing sales of passenger light-duty vehicles to fuel segmental growth
  • 10.4.2 FUEL CELL BUSES
    • 10.4.2.1 Rising emphasis on decarbonizing public transport networks to boost segmental growth
  • 10.4.3 FUEL CELL TRUCKS
    • 10.4.3.1 Increasing availability of zero-emission vehicles for heavy-duty transport to drive market
  • 10.4.4 OTHER FUEL CELL VEHICLES

11 FUEL CELL MARKET, BY END USER

• 11.1 INTRODUCTION
• 11.2 RESIDENTIAL
  • 11.2.1 SURGING CLEAN ENERGY DEMAND FOR SPACE HEATING AND COOLING TO FUEL SEGMENTAL GROWTH
• 11.3 COMMERCIAL & INDUSTRIAL
  • 11.3.1 HIGH EFFICIENCY AND SUITABILITY OF FUEL CELLS FOR BASE-LOAD POWER TO CONTRIBUTE TO SEGMENTAL GROWTH
• 11.4 TRANSPORTATION
  • 11.4.1 GOVERNMENTAL SUPPORT FOR ZERO-EMISSION VEHICLES TO BOOST SEGMENTAL GROWTH
• 11.5 DATA CENTERS
  • 11.5.1 MOUNTING ADOPTION OF FUEL CELLS AS CLEAN AND RELIABLE POWER SOURCE TO AUGMENT SEGMENTAL GROWTH
• 11.6 MILITARY & DEFENSE
  • 11.6.1 RISING NEED FOR RELIABLE POWER SOURCES FOR COMMUNICATION SYSTEMS AND SURVEILLANCE SENSORS TO DRIVE MARKET
• 11.7 UTILITIES & GOVERNMENT/MUNICIPAL INSTITUTES
  • 11.7.1 GROWING FOCUS ON MEETING LOCAL OR STATE-MANDATED EMISSION TARGETS TO BOLSTER SEGMENTAL GROWTH

12 FUEL CELL MARKET, BY REGION

• 12.1 INTRODUCTION
• 12.2 ASIA PACIFIC
  • 12.2.1 CHINA
    • 12.2.1.1 Rising implementation of policies to reach carbon neutrality to boost market growth
  • 12.2.2 JAPAN
    • 12.2.2.1 Growing focus on climate change mitigation to augment market growth
  • 12.2.3 SOUTH KOREA
    • 12.2.3.1 Increasing use of green hydrogen to curb carbon emissions to accelerate market growth
  • 12.2.4 REST OF ASIA PACIFIC
• 12.3 NORTH AMERICA
  • 12.3.1 US
    • 12.3.1.1 Growing network of hydrogen refueling stations to contribute to market growth
  • 12.3.2 CANADA
    • 12.3.2.1 Strategic commitment to expand hydrogen and fuel cell usage as part of climate targets to drive market
• 12.4 EUROPE
  • 12.4.1 UK
    • 12.4.1.1 Increasing financial aid for clean technology deployment to boost market growth
  • 12.4.2 GERMANY
    • 12.4.2.1 Escalating hydrogen energy production to accelerate market growth
  • 12.4.3 ITALY
    • 12.4.3.1 Rising implementation of subsidies for hydrogen initiatives to fuel market growth
  • 12.4.4 REST OF EUROPE
• 12.5 ROW
  • 12.5.1 MIDDLE EAST & AFRICA
    • 12.5.1.1 Rising exploration of hydrogen to diversify energy portfolio to accelerate market growth
  • 12.5.2 LATIN AMERICA
    • 12.5.2.1 Increasing investment to build green hydrogen economy to boost market growth

13 COMPETITIVE LANDSCAPE

• 13.1 OVERVIEW
• 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2025
• 13.3 MARKET SHARE ANALYSIS, 2024
• 13.4 REVENUE ANALYSIS, 2020-2024
• 13.5 COMPANY VALUATION AND FINANCIAL METRICS
• 13.6 PRODUCT COMPARISON
• 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 13.7.1 STARS
  • 13.7.2 EMERGING LEADERS
  • 13.7.3 PERVASIVE PLAYERS
  • 13.7.4 PARTICIPANTS
  • 13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 13.7.5.1 Company footprint
    • 13.7.5.2 Region footprint
    • 13.7.5.3 Type footprint
    • 13.7.5.4 Application footprint
    • 13.7.5.5 End user footprint
• 13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 13.8.1 PROGRESSIVE COMPANIES
  • 13.8.2 RESPONSIVE COMPANIES
  • 13.8.3 DYNAMIC COMPANIES
  • 13.8.4 STARTING BLOCKS
  • 13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 13.8.5.1 Detailed list of key startups/SMEs
    • 13.8.5.2 Competitive benchmarking of key startups/SMEs
  • 13.8.6 COMPETITIVE SCENARIO
    • 13.8.6.1 Product launches
    • 13.8.6.2 Deals
    • 13.8.6.3 Expansions
    • 13.8.6.4 Others developments

14 COMPANY PROFILES

• 14.1 KEY PLAYERS
  • 14.1.1 BLOOM ENERGY
    • 14.1.1.1 Business overview
    • 14.1.1.2 Products/Solutions/Services offered
    • 14.1.1.3 Recent developments
      • 14.1.1.3.1 Product launches
      • 14.1.1.3.2 Deals
      • 14.1.1.3.3 Other developments
    • 14.1.1.4 MnM view
      • 14.1.1.4.1 Key strengths/Right to win
      • 14.1.1.4.2 Strategic choices
      • 14.1.1.4.3 Weaknesses/Competitive threats
  • 14.1.2 PLUG POWER INC.
    • 14.1.2.1 Business overview
    • 14.1.2.2 Products/Solutions/Services offered
    • 14.1.2.3 Recent developments
      • 14.1.2.3.1 Product launches
      • 14.1.2.3.2 Deals
      • 14.1.2.3.3 Expansions
      • 14.1.2.3.4 Other developments
    • 14.1.2.4 MnM view
      • 14.1.2.4.1 Key strengths/Right to win
      • 14.1.2.4.2 Strategic choices
      • 14.1.2.4.3 Weaknesses/Competitive threats
  • 14.1.3 AISIN CORPORATION
    • 14.1.3.1 Business overview
    • 14.1.3.2 Products/Solutions/Services offered
    • 14.1.3.3 Recent developments
      • 14.1.3.3.1 Deals
    • 14.1.3.4 MnM view
      • 14.1.3.4.1 Key strengths/Right to win
      • 14.1.3.4.2 Strategic choices
      • 14.1.3.4.3 Weaknesses/Competitive threats
  • 14.1.4 DOOSAN FUEL CELL CO., LTD.
    • 14.1.4.1 Business overview
    • 14.1.4.2 Products/Solutions/Services offered
    • 14.1.4.3 Recent developments
      • 14.1.4.3.1 Deals
      • 14.1.4.3.2 Expansions
      • 14.1.4.3.3 Other developments
    • 14.1.4.4 MnM view
      • 14.1.4.4.1 Key strengths/Right to win
      • 14.1.4.4.2 Strategic choices
      • 14.1.4.4.3 Weaknesses/Competitive threats
  • 14.1.5 SFC ENERGY AG
    • 14.1.5.1 Business overview
    • 14.1.5.2 Products/Solutions/Services offered
    • 14.1.5.3 Recent developments
      • 14.1.5.3.1 Deals
      • 14.1.5.3.2 Other developments
    • 14.1.5.4 MnM view
      • 14.1.5.4.1 Key strengths/Right to win
      • 14.1.5.4.2 Strategic choices
      • 14.1.5.4.3 Weaknesses/Competitive threats
  • 14.1.6 BALLARD POWER SYSTEMS
    • 14.1.6.1 Business overview
    • 14.1.6.2 Products/Solutions/Services offered
    • 14.1.6.3 Recent developments
      • 14.1.6.3.1 Product launches
      • 14.1.6.3.2 Deals
      • 14.1.6.3.3 Other developments
  • 14.1.7 FUELCELL ENERGY, INC.
    • 14.1.7.1 Business overview
    • 14.1.7.2 Products/Solutions/Services offered
    • 14.1.7.3 Recent developments
      • 14.1.7.3.1 Deals
      • 14.1.7.3.2 Other developments
  • 14.1.8 KYOCERA CORPORATION
    • 14.1.8.1 Business overview
    • 14.1.8.2 Products/Solutions/Services offered
  • 14.1.9 CUMMINS INC.
    • 14.1.9.1 Business overview
    • 14.1.9.2 Products/Solutions/Services offered
    • 14.1.9.3 Recent developments
      • 14.1.9.3.1 Deals
      • 14.1.9.3.2 Expansions
  • 14.1.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • 14.1.10.1 Business overview
    • 14.1.10.2 Products/Solutions/Services offered
    • 14.1.10.3 Recent developments
      • 14.1.10.3.1 Developments
  • 14.1.11 TOSHIBA CORPORATION
    • 14.1.11.1 Business overview
    • 14.1.11.2 Products/Solutions/Services offered
    • 14.1.11.3 Recent developments
      • 14.1.11.3.1 Deals
      • 14.1.11.3.2 Other developments
  • 14.1.12 NEDSTACK FUEL CELL TECHNOLOGY
    • 14.1.12.1 Business overview
    • 14.1.12.2 Products/Solutions/Services offered
    • 14.1.12.3 Recent developments
      • 14.1.12.3.1 Deals
  • 14.1.13 ELRINGKLINGER AG
    • 14.1.13.1 Business overview
    • 14.1.13.2 Products/Solutions/Services offered
    • 14.1.13.3 Recent developments
      • 14.1.13.3.1 Deals
      • 14.1.13.3.2 Other developments
  • 14.1.14 POWERCELL SWEDEN AB
    • 14.1.14.1 Business overview
    • 14.1.14.2 Products/Solutions/Services offered
    • 14.1.14.3 Recent developments
      • 14.1.14.3.1 Product launches
      • 14.1.14.3.2 Deals
      • 14.1.14.3.3 Other developments
  • 14.1.15 AFC ENERGY
    • 14.1.15.1 Business overview
    • 14.1.15.2 Products/Solutions/Services offered
    • 14.1.15.3 Recent developments
      • 14.1.15.3.1 Deals
      • 14.1.15.3.2 Expansions
  • 14.1.16 FUJI ELECTRIC CO., LTD.
    • 14.1.16.1 Business overview
    • 14.1.16.2 Products/Solutions/Services offered
• 14.2 OTHER PLAYERS
  • 14.2.1 INTELLIGENT ENERGY LIMITED
  • 14.2.2 HORIZON FUEL CELL TECHNOLOGIES
  • 14.2.3 HYSTER-YALE MATERIALS HANDLING, INC.
  • 14.2.4 ADELAN
  • 14.2.5 MICRORGANIC TECHNOLOGIES
  • 14.2.6 AVL
  • 14.2.7 WATT FUEL CELL
  • 14.2.8 PROTON MOTOR FUEL CELL GMBH
  • 14.2.9 ECOSPRAY TECHNOLOGIES S.R.L.
  • 14.2.10 SPECIAL POWER SOURCES
  • 14.2.11 GENCELL LTD.
  • 14.2.12 VERSOGEN
  • 14.2.13 AQUACYCL
  • 14.2.14 SOLYDERA SPA

15 APPENDIX

• 15.1 INSIGHTS FROM INDUSTRY EXPERTS
• 15.2 DISCUSSION GUIDE
• 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 15.4 CUSTOMIZATION OPTIONS
• 15.5 RELATED REPORTS
• 15.6 AUTHOR DETAILS