유럽의 연료전지 시장 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The Europe Fuel Cell Market size is estimated at USD 2.01 billion in 2025, and is expected to reach USD 2.72 billion by 2030, at a CAGR of 6.25% during the forecast period (2025-2030).

Key Highlights

• Over the medium term, the increasing adaption of renewable energy sources and supportive government policies are expected to drive the market during the forecasted period.
• On the other hand, the high upfront cost is expected to hinder the market's growth during the forecast period.
• Nevertheless, the increasing focus on hydrogen production and infrastructure development is expected to create huge opportunities for the European fuel cell market.
• Germany is expected to play a major role in the fuel cell market in Europe. Germany has been a leading country in promoting fuel cell technology and has implemented various policies and initiatives to support its adoption.

Europe Fuel Cell Market Trends

Transportation Industry Expected to Dominate the Market

• Fuel cells are particularly suitable for heavy-duty transportation applications such as buses, trucks, and trains. These vehicles typically have higher energy demands and longer operating ranges, making them challenging for purely battery-electric solutions. Fuel cells can provide the required power and range while offering zero-emission operation.
• The transportation industry is a significant contributor to greenhouse gas emissions, and there is a growing global commitment to decarbonizing it. Fuel cells offer a zero-emission alternative to internal combustion engines, making them an attractive solution for reducing carbon emissions from transportation.
• The growth in the number of fuel cell electric vehicles (FCEVs) in Europe has gradually gained momentum as part of the broader transition to zero-emission transportation. According to the International Energy Agency, in 2023, the total number of fuel cell electric vehicles accounted for 820 units compared to 42 units in 2013. Over a decade, the sales number has increased significantly, signifying the growth opportunity for the market in the transportation industry.
• Moreover, fuel cells have the advantage of utilizing existing infrastructure. Hydrogen fueling stations can be integrated into existing gas stations, allowing for a relatively faster rollout of refueling infrastructure compared to widespread electric charging infrastructure.
• Additionally, in February 2023, Europe officially confirmed the prohibition on selling new petrol and diesel cars starting in 2035. As the world's second-largest car market, this decision follows the passing of a law by the European Parliament mandating car manufacturers to achieve complete elimination of CO2 emissions from all newly produced vehicles. This is expected to increase the sales of fuel-cell electric vehicles during the forecasted period.
• Therefore, considering such developments, the transportation industry is expected to dominate the market during the forecast period.

Germany Expected to Dominate the Market

• Germany is expected to play a major role in the European fuel cell market. Germany has been a leading country in promoting fuel cell technology and has implemented various policies and initiatives to support its adoption. The German government has set ambitious targets for hydrogen and fuel cell deployment and has allocated significant funding for research, development, and commercialization of fuel cell technologies.
• Germany has a well-developed industrial base and strong manufacturing capabilities, which can support the production and deployment of fuel cell systems. The country is home to several prominent fuel cell manufacturers, research institutions, and industry associations that contribute to technological advancements and market growth.
• Furthermore, Germany's commitment to renewable energy and decarbonization efforts aligns with the potential of fuel cells as a clean and sustainable energy solution. The country's transition to renewable energy sources, particularly wind and solar, can be complemented by integrating fuel cells for efficient energy conversion and storage.
• Additionally, Germany has ambitious plans to develop a comprehensive hydrogen infrastructure, including hydrogen production facilities and refueling stations. This infrastructure is vital for the widespread adoption of fuel-cell vehicles and other hydrogen-based applications. Germany's commitment to hydrogen infrastructure development positions it as a leader in fuel cell deployment.
• According to the H2 stations organization, the number of hydrogen refueling stations has increased significantly in Germany in recent years. In 2023, the country's total number of hydrogen refueling stations was 91 compared to 52 in 2018.
• In January 2023, the hydrogen refueling station at Tempelhofer Weg 102 in Berlin, operated by H2 MOBILITY Germany, officially opened. This station is expected to cater to the refueling needs of hydrogen-powered vehicles, including fuel cell trucks, waste collectors, cars, and light commercial vehicles. Notably, the Tempelhofer Weg station boasts over 850 kg of hydrogen storage capacity, making it one of Europe's most efficient hydrogen stations. This station's successful operation is crucial for advancing and expanding hydrogen-powered mobility in the capital city.
• Therefore, owing to such points, Germany is expected to dominate the market during the forecast period.

Europe Fuel Cell Industry Overview

The European fuel cell market is moderately fragmented. Some key players in this market (not in particular order) include Ballard Power System Inc., Toshiba Corp., Fuelcell Energy Inc., Plug Power Inc., and Nuvera Fuel Cell LLC.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Scope of the Study
• 1.2 Market Definition
• 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

• 4.1 Introduction
• 4.2 Market Size and Demand Forecast in USD, till 2029
• 4.3 Recent Trends and Developments
• 4.4 Government Policies and Regulations
• 4.5 Market Dynamics
  • 4.5.1 Drivers
    • 4.5.1.1 Government Supportive Policies and Incentives
    • 4.5.1.2 Renewable Energy Integration
  • 4.5.2 Restraints
    • 4.5.2.1 High Initial Costs
• 4.6 Supply Chain Analysis
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes Products and Services
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 Application
  • 5.1.1 Portable
  • 5.1.2 Stationary
  • 5.1.3 Transportation
• 5.2 Fuel Cell Technology
  • 5.2.1 Polymer Electrolyte Membrane Fuel Cell (PEMFC)
  • 5.2.2 Solid Oxide Fuel Cell (SOFC)
  • 5.2.3 Other Fuel Cell Technologies
• 5.3 Geography
  • 5.3.1 Germany
  • 5.3.2 France
  • 5.3.3 Italy
  • 5.3.4 United Kingdom
  • 5.3.5 Russia
  • 5.3.6 NORDIC
  • 5.3.7 Spain
  • 5.3.8 Rest of Europe

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Strategies Adopted by Leading Players
• 6.3 Company Profiles
  • 6.3.1 Ballard Power System Inc.
  • 6.3.2 Toshiba Corp.
  • 6.3.3 Fuelcell Energy Inc.
  • 6.3.4 Nuvera Fuel Cells LLC
  • 6.3.5 Plug Power Inc.
  • 6.3.6 AFC Energy
  • 6.3.7 Topsoe
  • 6.3.8 Ceres Power
  • 6.3.9 SFC Energy
  • 6.3.10 Cummins Inc.
• 6.4 Market Ranking Analysis

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Hydrogen Production and Infrastructure Development