Summary
This report aims to provide a comprehensive presentation of the global market for Hydrogen Fuel Cells , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogen Fuel Cells . This report contains market size and forecasts of Hydrogen Fuel Cells in global, including the following market information:
Global Hydrogen Fuel Cells Market Revenue, 2019-2023, 2024-2029, ($ millions);
Global Hydrogen Fuel Cells Market Sales, 2019-2023, 2024-2029, (K Unites);
Global top Hydrogen Fuel Cells companies in 2023 (%);
The global Hydrogen Fuel Cells market was valued at US$ million in 2023 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
The global key manufacturers of Hydrogen Fuel Cells include Panasonic
, Plug Power
, Toshiba ESS
, Ballard
, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
We surveyed the Hydrogen Fuel Cells manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Hydrogen Fuel Cells Market?
Panasonic
Plug Power
Toshiba ESS
Ballard
SinoHytec
Hydrogenics
Honda
Hyundai Mobis
Toyota Denso
Elring Klinger
Bosch/Powercell
Symbio
Major Type of Hydrogen Fuel Cells Covered in VICResearch report:
Air-cooled Type
Transport-cooled Type
Application Segments Covered in VICResearch Market
Transport
Stationary
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Hydrogen Fuel Cells Market Segment Research Report 2023
1. Research Scope
2. Market Overview
2.1 Product Introduction, Application, Picture
2.2 Global Hydrogen Fuel Cells Market by Value
2.2.1 Global Hydrogen Fuel Cells Revenue by Type
2.2.2 Global Hydrogen Fuel Cells Market by Value
2.3 Global Hydrogen Fuel Cells Market by Sales
2.3.1 Global Hydrogen Fuel Cells Sales by Type
2.3.2 Global Hydrogen Fuel Cells Market by Sales
3. The Major Driver of Hydrogen Fuel Cells Industry
3.1 Historical & Forecast Global Hydrogen Fuel Cells Sales and Revenue (2019-2029)
3.2 Largest Application for Hydrogen Fuel Cells (2019-2029)
3.3 The Major Downstream Company in China Market 2023
4. Global and Regional Hydrogen Fuel Cells Market
4.1 Regional Market Size in Terms of Sales (2023 & 2029)
4.2 Regional Market Share in Terms of Revenue (2023 & 2029)
4.3 Concentration Ratio (CR5& CR10) of Hydrogen Fuel Cells Market
4.4 Mergers & Acquisitions, Expansion Plans
5. US Hydrogen Fuel Cells Sales (2019-2029)
5.1 Current and Estimated Sales Breakdown by Type (2019-2029)
5.2 Current and Estimated Sales Breakdown by Application (2019-2029)
5.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
5.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
6. Europe Hydrogen Fuel Cells Sales (2019-2029)
6.1 Current and Estimated Sales Breakdown by Type (2019-2029)
6.2 Current and Estimated Sales Breakdown by Application (2019-2029)
6.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
6.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
7. China Hydrogen Fuel Cells Sales (2019-2029)
7.1 Current and Estimated Sales Breakdown by Type (2019-2029)
7.2 Current and Estimated Sales Breakdown by Application (2019-2029)
7.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
7.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
8. Japan Hydrogen Fuel Cells Sales (2019-2029)
8.1 Current and Estimated Sales Breakdown by Type (2019-2029)
8.2 Current and Estimated Sales Breakdown by Application (2019-2029)
8.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
8.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
9. India Hydrogen Fuel Cells Sales (2019-2029)
9.1 Current and Estimated Sales Breakdown by Type (2019-2029)
9.2 Current and Estimated Sales Breakdown by Application (2019-2029)
9.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
9.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
10. Korea Hydrogen Fuel Cells Sales (2019-2029)
10.1 Current and Estimated Sales Breakdown by Type (2019-2029)
10.2 Current and Estimated Sales Breakdown by Application (2019-2029)
10.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
10.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
11. Southeast Asia Hydrogen Fuel Cells Sales (2019-2029)
11.1 Current and Estimated Sales Breakdown by Type (2019-2029)
11.2 Current and Estimated Sales Breakdown by Application (2019-2029)
11.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
11.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
12. South America Hydrogen Fuel Cells Sales (2019-2029)
12.1 Current and Estimated Sales Breakdown by Type (2019-2029)
12.2 Current and Estimated Sales Breakdown by Application (2019-2029)
12.3 Current and Estimated Revenue Breakdown by Type (2019-2029)
12.4 Current and Estimated Revenue Breakdown by Application (2019-2029)
13. Global Hydrogen Fuel Cells Average Price Trend
13.1 Market Price for Each Type of Hydrogen Fuel Cells in US (2019-2023)
13.2 Market Price for Each Type of Hydrogen Fuel Cells in Europe (2019-2023)
13.3 Market Price for Each Type of Hydrogen Fuel Cells in China (2019-2023)
13.4 Market Price for Each Type of Hydrogen Fuel Cells in Japan (2019-2023)
13.5 Market Price for Each Type of Hydrogen Fuel Cells in India (2019-2023)
13.6 Market Price for Each Type of Hydrogen Fuel Cells in Korea (2019-2023)
13.7 Market Price for Each Type of Hydrogen Fuel Cells in Southeast Asia (2019-2023)
13.8 Market Price for Each Type of Hydrogen Fuel Cells in South America (2019-2023)
14. Industrial Chain
14.1 Hydrogen Fuel Cells Industrial Chain Analysis
14.2 Downstream
14.3 Impact of COVID-19
14.4 Post-pandemic Era
14.5 Technology Trends of Hydrogen Fuel Cells
15. Hydrogen Fuel Cells Competitive Landscape
15.1 Panasonic
15.1.1 Panasonic
Company Profiles
15.1.2 Panasonic
Product Introduction
15.1.3 Panasonic
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.1.4 Strategic initiatives
15.2 Plug Power
15.2.1 Plug Power
Company Profiles
15.2.2 Plug Power
Product Introduction
15.2.3 Plug Power
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.2.4 Strategic initiatives
15.3 Toshiba ESS
15.3.1 Toshiba ESS
Company Profiles
15.3.2 Toshiba ESS
Product Introduction
15.3.3 Toshiba ESS
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.3.4 Strategic initiatives
15.4 Ballard
15.4.1 Ballard
Company Profiles
15.4.2 Ballard
Product Introduction
15.4.3 Ballard
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.4.4 Strategic initiatives
15.5 SinoHytec
15.5.1 SinoHytec
Company Profiles
15.5.2 SinoHytec
Product Introduction
15.5.3 SinoHytec
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.5.4 Strategic initiatives
15.6 Hydrogenics
15.6.1 Hydrogenics
Company Profiles
15.6.2 Hydrogenics
Product Introduction
15.6.3 Hydrogenics
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.6.4 Strategic initiatives
15.7 Honda
15.7.1 Honda
Company Profiles
15.7.2 Honda
Product Introduction
15.7.3 Honda
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.7.4 Strategic initiatives
15.8 Hyundai Mobis
15.8.1 Hyundai Mobis
Company Profiles
15.8.2 Hyundai Mobis
Product Introduction
15.8.3 Hyundai Mobis
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.8.4 Strategic initiatives
15.9 Toyota Denso
15.9.1 Toyota Denso
Company Profiles
15.9.2 Toyota Denso
Product Introduction
15.9.3 Toyota Denso
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.9.4 Strategic initiatives
15.10 Elring Klinger
15.10.1 Elring Klinger
Company Profiles
15.10.2 Elring Klinger
Product Introduction
15.10.3 Elring Klinger
Hydrogen Fuel Cells Sales, Revenue (2019-2023)
15.10.4 Strategic initiatives
15.11 Bosch/Powercell
15.12 Symbio
16. Conclusion
17. Methodology and Data Source
List of Tables and Figures
Figure 1. Total Sales by Application of Hydrogen Fuel Cells Industry (Volume)
Figure 2. Hydrogen Fuel Cells Sales by Regions in 2023
Figure 3. Regional Market Share in Terms of Revenue (2019 & 2023)
Figure 4. The Top 10 and 5 Players Market Share by Hydrogen Fuel Cells Revenue in 2023
Figure 5. US Hydrogen Fuel Cells Sales (2019-2029)
Figure 6. Sales Breakdown by Type (%)
Figure 7. Sales Breakdown by Type (%)
Figure 8. Sales Breakdown by Application (%)
Figure 9. Revenue Breakdown by Type (%)
Figure 10. Revenue Breakdown by Application (%)
Figure 11. Europe Hydrogen Fuel Cells Sales (2019-2029)
Figure 12. Sales Breakdown by Type (%)
Figure 13. Sales Breakdown by Type (%)
Figure 14. Sales Breakdown by Application (%)
Figure 15. Revenue Breakdown by Type (%)
Figure 16. Revenue Breakdown by Application (%)
Figure 17. China Hydrogen Fuel Cells Sales (2019-2029)
Figure 18. Sales Breakdown by Type (%)
Figure 19. Sales Breakdown by Type (%)
Figure 20. Sales Breakdown by Application (%)
Figure 21. Current and Estimated Revenue Breakdown by Type
Figure 22. Revenue Breakdown by Type (%)
Figure 23. Revenue Breakdown by Application (%)
Figure 24. Japan Hydrogen Fuel Cells Sales (2019-2029)
Figure 25. Sales Breakdown by Type (%)
Figure 26. Sales Breakdown by Type (%)
Figure 27. Sales Breakdown by Application (%)
Figure 28. Revenue Breakdown by Type (%)
Figure 29. Revenue Breakdown by Application (%)
Figure 30. India Hydrogen Fuel Cells Sales (2019-2029)
Figure 31. Sales Breakdown by Type (%)
Figure 32. Sales Breakdown by Type (%)
Figure 33. Sales Breakdown by Application (%)
Figure 34. Revenue Breakdown by Type (%)
Figure 35. Revenue Breakdown by Application (%)
Figure 36. Korea Hydrogen Fuel Cells Sales (2019-2029)
Figure 37. Sales Breakdown by Type (%)
Figure 38. Sales Breakdown by Type (%)
Figure 39. Sales Breakdown by Application (%)
Figure 40. Revenue Breakdown by Type (%)
Figure 41. Revenue Breakdown by Application (%)
Figure 42. Southeast Asia Hydrogen Fuel Cells Sales (2019-2029)
Figure 43. Current and Estimated Sales Breakdown by Type (2019-2029)
Figure 44. Sales Breakdown by Type (%)
Figure 45. Sales Breakdown by Type (%)
Figure 46. Revenue Breakdown by Type (%)
Figure 47. Revenue Breakdown by Application (%)
Figure 48. Industrial Chain
Table 1. Top Manufacturers and Market Segmentation
Table 2. Product Introduction, Application, Picture
Table 3. Hydrogen Fuel Cells Revenue, by Type (Million USD) (2019-2029)
Table 4. Hydrogen Fuel Cells Sales, by Type (K Unit) (2019-2029)
Table 5. Hydrogen Fuel Cells Sales (K Unit) by Application (2019-2029)
Table 6. Hydrogen Fuel Cells Sales (Million USD) by Application (2019-2029)
Table 7. The Major Downstream Company in China
Table 8. Regional Market Share in Terms of Sales (2023)
Table 9. Regional Market Share in Terms of Revenue (2023&2029)
Table 10. Ranking of Global Top Hydrogen Fuel Cells Companies by Revenue, Concentration Ratio in 2023
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. US Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 13. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 14. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 15. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 16. Current and Estimated Revenue Breakdown by Type
Table 17. Current and Estimated Revenue Breakdown by Application
Table 18. Europe Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 19. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 20. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 21. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 22. Current and Estimated Revenue Breakdown by Type
Table 23. Current and Estimated Revenue Breakdown by Application
Table 24. China Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 25. Table Current and Estimated Sales Breakdown by Type
Table 26. Current and Estimated Sales Breakdown by Type
Table 27. Current and Estimated Sales Breakdown by Application
Table 28. Current and Estimated Revenue Breakdown by Application
Table 29. Japan Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 30. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 31. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 32. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 33. Current and Estimated Revenue Breakdown by Type
Table 34. Current and Estimated Revenue Breakdown by Application
Table 35. India Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 36. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 37. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 38. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 39. Current and Estimated Revenue Breakdown by Type
Table 40. Current and Estimated Revenue Breakdown by Application
Table 41. Korea Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 42. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 43. Current and Estimated Sales Breakdown by Type (2019-2029)
Table 44. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 45. Current and Estimated Revenue Breakdown by Type
Table 46. Current and Estimated Revenue Breakdown by Application
Table 47. Southeast Asia Hydrogen Fuel Cells Sales (K Unit), Market Revenue (Million USD) (2019-2029)
Table 48. Table Current and Estimated Sales Breakdown by Type (2019-2029)
Table 49. Current and Estimated Sales Breakdown by Application (2019-2029)
Table 50. Current and Estimated Revenue Breakdown by Type
Table 51. Current and Estimated Revenue Breakdown by Application
Table 52. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in US (2019-2023)
Table 53. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in Europe (2019-2023)
Table 54. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in China (2019-2023)
Table 55. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in Japan (2019-2023)
Table 56. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in India (2019-2023)
Table 57. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in Korea (2019-2023)
Table 58. Market Price (USD/Unit) for Each Type of Hydrogen Fuel Cells in Southeast Asia (2019-2023)
Table 59. Key Downstream Customer in Each Application Field
Table 60. Panasonic
Profiles
Table 61. Panasonic
Hydrogen Fuel Cells Product Introduction
Table 62. Panasonic
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 63. Panasonic
Strategic initiatives
Table 64. Plug Power
Profiles
Table 65. Plug Power
Hydrogen Fuel Cells Product Introduction
Table 66. Plug Power
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 67. Plug Power
Strategic initiatives
Table 68. Toshiba ESS
Profiles
Table 69. Toshiba ESS
Hydrogen Fuel Cells Product Introduction
Table 70. Toshiba ESS
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 71. Toshiba ESS
Strategic initiatives
Table 72. Ballard
Profiles
Table 73. Ballard
Hydrogen Fuel Cells Product Introduction
Table 74. Ballard
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 75. Ballard
Strategic initiatives
Table 76. SinoHytec
Profiles
Table 77. SinoHytec
Hydrogen Fuel Cells Product Introduction
Table 78. SinoHytec
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 79. SinoHytec
Strategic initiatives
Table 80. Hydrogenics
Profiles
Table 81. Hydrogenics
Hydrogen Fuel Cells Product Introduction
Table 82. Hydrogenics
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 83. Hydrogenics
Strategic initiatives
Table 84. Honda
Profiles
Table 85. Honda
Hydrogen Fuel Cells Product Introduction
Table 86. Honda
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 87. Honda
Strategic initiatives
Table 88. Hyundai Mobis
Profiles
Table 89. Hyundai Mobis
Hydrogen Fuel Cells Product Introduction
Table 90. Hyundai Mobis
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 91. Hyundai Mobis
Strategic initiatives
Table 92. Toyota Denso
Profiles
Table 93. Toyota Denso
Hydrogen Fuel Cells Product Introduction
Table 94. Toyota Denso
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 95. Toyota Denso
Strategic initiatives
Table 97. Elring Klinger
Profiles
Table 98. Elring Klinger
Hydrogen Fuel Cells Product Introduction
Table 99. Elring Klinger
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 100. Elring Klinger
Strategic initiatives
Table 101. Bosch/Powercell
Profiles
Table 102. Bosch/Powercell
Hydrogen Fuel Cells Product Introduction
Table 103. Bosch/Powercell
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 104. Bosch/Powercell
Strategic initiatives
Table 105. Symbio
Profiles
Table 106. Symbio
Hydrogen Fuel Cells Product Introduction
Table 107. Symbio
Hydrogen Fuel Cells Sales (Unit), Revenue (Million USD) (2019-2023)
Table 108. Symbio
Strategic initiatives
The research methodology employed by VICResearch has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of VICResearch. VICResearch’s methodology can be divided into five stages:
Stage 1: Secondary research
The research team first works with magazines, industry trade group, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Stage 2: Primary research: interviews with trade sources
After the first stage, the research team conducts large number of face-to-face or telephone interviews with the representative companies operating in the research field. The analysts attempt to obtain a chance to talk with leading players in the field as well as with small companies. The upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers are all included in the interviews. The data gathered during the interview is then carefully checked and compared with the secondary research.
Stage 3: Analysis of the gathered data
The analysis team checks and synthesizes the data gathered during the first two stages. To validate the data, a second series of interviews can be conducted.
Stage 4: Quantitative data
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by VICResearch. The data is based on the estimates obtained during stage 3.
The research team also provides appreciation and analysis of the market and the quantitative data contained in the reports. The data is consequently unique to VICResearch.
Stage 5: Quality control
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the VICResearch’s internal quality process.