세계의 수소연료전지 시장 전망(-2030년) : 유형별, 기술별, 용도별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Hydrogen Fuel Cell Market is accounted for $3.60 billion in 2024 and is expected to reach $6.42 billion by 2030 growing at a CAGR of 10.1% during the forecast period. The electrochemical process used in hydrogen fuel cells, a clean energy technology, produces only heat and water vapor as waste when hydrogen is converted into electricity. These cells are made up of a membrane that permits proton movement while obstructing electron flow and two electrodes. Protons and electrons are produced when hydrogen is supplied to the anode. While the protons travel through the membrane to the cathode, where they mix with oxygen to form water, the electrons flow through an external circuit to produce electricity.

According to the Hydrogen Council, hydrogen fuel cells have the potential to power over 400 million vehicles by 2050.

Market Dynamics:

Driver:

Government proposals and rules

The market for hydrogen fuel cells is being driven forward by government initiatives and regulations. The use of hydrogen fuel cells in transportation and other industries is encouraged by the strict regulations that many nations are putting in place to reduce greenhouse gas emissions. Investments in hydrogen technologies are intended to be encouraged by supportive laws like the U.S. Inflation Reduction Act and comparable programs in Europe. Additionally, significant investments in infrastructure for hydrogen refueling are being made to boost consumer confidence and promote the widespread use of fuel cell vehicles (FCEVs).

Restraint:

Limitations of the infrastructure

A major obstacle in the market for hydrogen fuel cells is the absence of a strong infrastructure for the production, distribution, and storage of hydrogen. In order to support fuel cell electric vehicles (FCEVs), a comprehensive network of hydrogen refueling stations must be established; however, at the moment, these stations are not widely available. Furthermore, a major obstacle to entry for new players in the market is the requirement for large investment and coordination amongst multiple stakeholders for the development of the necessary infrastructure. Without comparable infrastructure in place, hydrogen will find it difficult to compete with the well-established fossil fuel industry.

Opportunity:

Growing interest in zero-emission automobiles

Zero-emission vehicle (ZEV) demand is growing, which is another important opportunity for the hydrogen fuel cell market. Customers are looking for more environmentally friendly transportation options as government emissions regulations tighten and environmental awareness rises. Fuel cell electric vehicle (FCEV) development is being spearheaded by automakers like Toyota, Hyundai, and Honda, which makes the automotive sector especially well-positioned for expansion. Moreover, the environmental advantages of fuel cell electric vehicles (FCEVs) and the increasing accessibility of refueling infrastructure are projected to drive substantial growth in the global market for FCEVs.

Threat:

Rivalry with other sustainable energy sources

Although hydrogen fuel cells are among the most environmentally friendly energy sources on the market, they are not without competition from other renewable energy sources like wind and solar power. The rising cost competitiveness of these alternative energy sources in recent years may restrict the use of fuel cells in some applications. Additionally, the relative cost advantage of hydrogen fuel cells may decrease as the cost of solar panels and wind turbines rises, making it harder for them to capture market share in specific industries.

Covid-19 Impact:

The COVID-19 pandemic caused disruptions in multiple sectors, which in turn had a significant impact on the hydrogen fuel cell market. Initially, the pandemic caused demand to fluctuate, especially in the transportation sector, where the adoption of fuel cell electric vehicles (FCEVs) was slowed by reduced consumer spending and travel restrictions. At the same time, disruptions to global supply chains led to shortages of vital parts needed for fuel cell production, including membranes and platinum catalysts. Lockdowns and plant closures made production delays and costs even worse, which lowered industry investment sentiment. However, as businesses looked for reliable energy options during the crisis, interest in some industries, like stationary power generation, increased.

The Air-Cooled Type segment is expected to be the largest during the forecast period

Due to its benefits in simplicity and efficiency, the air-cooled type segment of the hydrogen fuel cell market has the largest market share. Because they don't require elaborate cooling systems, air-cooled fuel cells are lighter and simpler to incorporate into a variety of applications, especially in the automotive and portable power industries. Because there are fewer moving parts in this design, reliability is increased while maintenance needs are decreased. Moreover, in applications where weight and space are crucial, like fuel cell electric vehicles (FCEVs) and portable energy devices, the air-cooled variety is especially useful.

The Proton Exchange Membrane Fuel cells segment is expected to have the highest CAGR during the forecast period

In the hydrogen fuel cell market, the Proton Exchange Membrane Fuel Cells (PEMFC) segment is anticipated to grow at the highest CAGR. This kind of fuel cell is well known for its effectiveness, lightweight construction, and capacity to function at relatively low temperatures. These qualities make it perfect for use in transportation applications, especially in fuel cell electric vehicles (FCEVs). Additionally, the PEMFC market is anticipated to grow quickly as automakers concentrate more on creating FCEVs to satisfy consumer demand for zero-emission cars and stricter emissions regulations.

Region with largest share:

The North American region has the largest market share for hydrogen fuel cells. Strong industrial infrastructure, notable technological developments, and strict regulations supporting clean energy solutions are the main forces behind this dominance. With its varied industrial base that significantly depends on hydrogen fuel cell technology in industries like automotive, energy production, and stationary power generation, the United States, in particular, is a key player in this environment. Furthermore, the need to cut emissions and abide by environmental regulations is driving up demand for hydrogen fuel cells.

Region with highest CAGR:

Over the course of the forecast period, the hydrogen fuel cell market is expected to grow at the highest CAGR in the Asia-Pacific region. Numerous factors, such as a notable increase in the population, rising disposable income, and an increasing need for energy solutions that lower carbon emissions, can be blamed for this rapid growth. Moreover, hydrogen fuel cells are acknowledged by the fastest-growing and most polluting economies in the region as an effective way to meet energy demands and simultaneously address environmental concerns.

Key players in the market

Some of the key players in Hydrogen Fuel Cell market include Ceres Power Holdings plc, Bloom Energy Corporation, Daimler AG, AFC Energy plc, Doosan Fuel Cell Co. Ltd., BMW Group, FuelCell Energy, Inc, General Motors Company, Ballard Power Systems Inc., Panasonic Corporation, Nedstack Fuel Cell Technology BV, Honda Motor Co. Ltd, Toshiba Corporation, Audi AG, Plug Power Inc., Volvo Group, Toyota Motor Corporation and SFC Energy AG.

Key Developments:

In September 2024, Ceres Power announced that it has signed a key agreement with Thermax to licence its solid oxide electrolysis cell (SOEC) technology, marking its entry into the fast-growing Indian clean energy market. The London-listed firm said the non-exclusive global licence would allow Thermax - a leading provider of energy and environmental solutions in India - to develop and manufacture SOEC systems based on Ceres' advanced technology.

In July 2024, AFC Energy PLC has inked a new strategic supplier agreement (SSA) with Germany's Zollner Elektronik, to scale the production of fuel cell modules for its S Series platform. The agreement represents a step-up in AFC Energy's efforts to meet the growing demand for its hydrogen power generation technologies.

In April 2024, Bloom Energy announced a power capacity agreement with Intel Corporation that the companies say will result in Silicon Valley's largest fuel cell-powered high-performance computing data center. The agreement calls for the installation of additional MW of Bloom Energy's solid oxide fuel cell-based Energy Server at Intel's existing high-performance computing data center in Santa Clara, California.

Types Covered:

• Air-Cooled Type
• Water-Cooled Type
• Other Types

Technologies Covered:

• Proton Exchange Membrane Fuel cells
• Phosphoric Acid Fuel Cells
• Solid Oxide Fuel Cells
• Polymer Exchange Membrane Fuel Cells (PEMFC)
• Direct Methanol Fuel Cells (DMFC)
• Molten Carbonate Fuel Cells
• Other Technologies

Applications Covered:

• Stationary
• Transportation
• Portable
• Other Applications

End Users Covered:

• Fuel Cell Vehicles
• Utilities
• Defense
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydrogen Fuel Cell Market, By Type

• 5.1 Introduction
• 5.2 Air-Cooled Type
• 5.3 Water-Cooled Type
• 5.4 Other Types

6 Global Hydrogen Fuel Cell Market, By Technology

• 6.1 Introduction
• 6.2 Proton Exchange Membrane Fuel cells
• 6.3 Phosphoric Acid Fuel Cells
• 6.4 Solid Oxide Fuel Cells
• 6.5 Polymer Exchange Membrane Fuel Cells (PEMFC)
• 6.6 Direct Methanol Fuel Cells (DMFC)
• 6.7 Molten Carbonate Fuel Cells
• 6.8 Other Technologies

7 Global Hydrogen Fuel Cell Market, By Application

• 7.1 Introduction
• 7.2 Stationary
• 7.3 Transportation
  • 7.3.1 Passenger Cars
  • 7.3.2 Commercial Vehicles
• 7.4 Portable
• 7.5 Other Applications

8 Global Hydrogen Fuel Cell Market, By End User

• 8.1 Introduction
• 8.2 Fuel Cell Vehicles
• 8.3 Utilities
• 8.4 Defense
• 8.5 Other End Users

9 Global Hydrogen Fuel Cell Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Ceres Power Holdings plc
• 11.2 Bloom Energy Corporation
• 11.3 Daimler AG
• 11.4 AFC Energy plc
• 11.5 Doosan Fuel Cell Co. Ltd.
• 11.6 BMW Group
• 11.7 FuelCell Energy, Inc
• 11.8 General Motors Company
• 11.9 Ballard Power Systems Inc.
• 11.10 Panasonic Corporation
• 11.11 Nedstack Fuel Cell Technology BV
• 11.12 Honda Motor Co. Ltd
• 11.13 Toshiba Corporation
• 11.14 Audi AG
• 11.15 Plug Power Inc.
• 11.16 Volvo Group
• 11.17 Toyota Motor Corporation
• 11.18 SFC Energy AG