Global Fuel Cell Market Outlook and Forecast 2020-2027 - Featuring Profiles of FuelCell Energy, Ballard Power Systems, Hydrogenics Corp, SFC Energy, Nedstack Fuel Cell Technology, and More
The global fuel cell market size is expected to reach USD 33.09 billion by 2027, exhibiting a CAGR of 15.5% over the forecast period according to this report.
- The global fuel cell market size is expected to reach USD 33.09 billion by 2027, exhibiting a CAGR of 15.5% over the forecast period according to this report.
- Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region.
- Further key findings from the report suggest:
The fuel cell market is highly consolidated with major companies accounting for over 80% of industry demand. - Hence, public-private partnerships is crucial for gaining technological advantage
Key market players include Fuel Cell Energy, Inc., Ballard Power Systems, Hydrogenics Corporation, SFC Energy AG, Nedstack Fuel Cell Technology B.V., Bloom Energy, Doosan Fuel Cell America, Inc., Ceres Power Holdings Plc, and Plug Power, Inc. Apart from these, several other automobile manufacturers are in the process of launching their fuel cell vehicles