Hydrogen Fuel Cells Global Market Report 2024

Description

A hydrogen fuel cell is a device designed to convert hydrogen into clean energy and electricity through a chemical reaction. The by-products of this chemical process are electricity, water, and heat. Hydrogen fuel cells find applications across a broad spectrum, including in cars, buildings, electronic devices, trucks, and backup power systems.

The primary product categories within hydrogen fuel cells comprise proton exchange membrane, direct methanol, solid oxide, alkaline membrane, phosphoric acid, and molten carbonate. A proton exchange membrane (PEM), also referred to as a polymer electrolyte membrane, serves as a crucial component in proton exchange membrane fuel cells (PEMFCs) and other electrochemical devices. These hydrogen fuel cells cater to diverse end users, including fuel cell vehicles, utilities, and defense.

The hydrogen fuel cell market research report is one of a series of new reports from The Business Research Company that provides hydrogen fuel cell market statistics, including hydrogen fuel cell industry global market size, regional shares, competitors with a hydrogen fuel cell market share, detailed hydrogen fuel cell market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen fuel cell industry. This hydrogen fuel cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hydrogen fuel cells market size has grown exponentially in recent years. It will grow from $8.12 billion in 2023 to $11.57 billion in 2024 at a compound annual growth rate (CAGR) of 42.5%. The expansion witnessed in the historical period can be attributed to robust economic growth in emerging markets and an increase in demand for fuel cell electric vehicles (FCEVs).

The hydrogen fuel cells market size is expected to see exponential growth in the next few years. It will grow to $43.93 billion in 2028 at a compound annual growth rate (CAGR) of 39.6%. The anticipated growth in the forecast period can be linked to government support, a growing demand for electric vehicles, and heightened awareness aimed at reducing greenhouse gas emissions. Key trends expected in this period encompass a focus on product innovations, facility expansion, collaborations and acquisitions, as well as increased investments to enhance financial strength and product portfolio.

The growth of the hydrogen fuel cells market is anticipated to be fueled by the increasing demand for electric vehicles (EVs). The environmental benefits and reduced reliance on fossil fuels have driven the popularity of EVs. Fuel-cell electric vehicles utilize fuel cell stacks to convert gaseous hydrogen into electricity, stored in batteries to power the vehicle's electric motor. The World Economic Forum reported that nearly 4.3 million battery-powered electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) were sold globally in the first half of 2022. With a 75% yearly increase in BEV sales and a 37% increase in PHEV sales, the rising demand for electric vehicles, which are predominantly powered by hydrogen, is expected to propel the hydrogen fuel cells market. In addition, projections indicate that by 2030, 40% of cars sold in China, the largest global auto market, will be electric.

Government support is poised to be a significant driver for the growth of the hydrogen fuel cells market. Various countries are providing support to the manufacturing sector to develop new solutions for industry needs. As an example, the Japanese government announced plans in June 2023 to invest JPY15 trillion ($107 billion) in hydrogen supply, aiming to increase its use and accelerate decarbonization. Similarly, the Italian government allocated up to €103.5 million ($111.4 million) for the construction of 36 new hydrogen refueling stations by 2026. This funding initiative, with a total of €230 million ($250.08 million), targets the establishment of at least 40 hydrogen filling stations for both light and heavy vehicles by June 2026. Such governmental backing is expected to boost demand for the hydrogen fuel cells market.

Companies in the hydrogen fuel cell market are actively pursuing the development of new technologies to enhance the efficiency of hydrogen fuel cells while reducing weight, manufacturing costs, and component requirements. A notable example is the announcement by Hyzon Motors Inc. in July 2021, introducing a commercial vehicle with a groundbreaking technology that integrates lightweight composite materials to reduce weight and manufacturing costs. This technology enhances the efficiency of commercial vehicles powered by Hyzon's hydrogen fuel cells.

Prominent players in the hydrogen fuel cells market are directing their efforts toward product innovation and the development of novel solutions to bolster their market standing. In May 2023, the Tokyo Tech InfoSyEnergy Research and Education Consortium, in collaboration with the Tokyo Tech Academy of Energy and Informatics, introduced a cutting-edge fuel cell. This innovative technology has the capability to generate electricity from both hydrogen and waste plastic hydrogen, serving the dual purpose of powering an industrial building and providing heat. Specifically designed for commercial and industrial applications, the new system boasts an impressive capacity of 100 kW.

In April 2021, Alstom, a France-based company specializing in the development and marketing of sustainable mobility solutions for the future of transportation, acquired Helion Hydrogen Power. The details of the acquisition were undisclosed. Through this strategic acquisition, Alstom not only enhances its portfolio of competitive and innovative products but also strengthens its expertise in sustainable intelligent mobility solutions. Helion Hydrogen Power, based in France, is actively involved in the design and manufacturing of hydrogen fuel cell modules tailored for applications in both rail and marine sectors. This acquisition underscores Alstom's commitment to advancing sustainable transportation solutions.

Major companies operating in the hydrogen fuel cells market report are Plug Power, Toshiba Corporation, Doosan Fuel Cell, Bloom Energy, Ballard Power, SFC Energy AG, Cummins Inc., FuelCell Energy, Panasonic Holdings Corporation, Horizon Fuel Cell Technologies, Reliance Industries, GAIL, National Thermal Power Corporation Limited (NTPC), Indian Oil Corporation, Larsen and Toubro, Adani Green Energy, Tianneng, Corun, Narada, Sinohytec-U, Furuise, Huachang Chemical, Zhongding Group, ITM Power, Ceres Power Holdings, AFC Energy, Proton Motor Power Systems, Hydrogenone Capital Growth, Clean Power Hydrogen, TMH-Energy Solutions, APT spol. s r.o., Grupa Lotos SA, Gdansk-based refiner, Gazprom, Rosatom, Capital Power Corporation, ENMAX (Shepard Energy Centre), Federated Co-operatives Limited (FCL), Strathcona Resources Ltd., Lafarge Canada Inc., ArcelorMittal Mining Canada G.P, Suncor ATCO Heartland Hydrogen Hub, Alberta Power (2000) Ltd . (Heartland Generation), Stelco Inc ., Dow Chemical Canada ULC, Bravo Motor, Great Wall Motor, Hyundai Motor Company, Cummins Brazil, Fortescue Rio Negro Hydrogen Complex, H2Pro, Masdar, NEOM Green Hydrogen Company, Car4future, HyPlat, Chem Energy SA, HySA Systems, Mitsubishi Power Egypt.

Asia-Pacific was the largest region in the hydrogen fuel cell market in 2023. North America was the second-largest market in the hydrogen fuel cell market. The regions covered in the hydrogen fuel cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hydrogen fuel cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The hydrogen fuel cell market consists of sales of direct methanol fuel cells, polymer exchange membrane fuel cells, and other hydrogen fuel cells. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hydrogen Fuel Cells Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hydrogen fuel cells market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for hydrogen fuel cells? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydrogen fuel cells market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Proton Exchange Membrane; Direct Methanol; Solid Oxide; Alkaline Membrane; Phosphoric Acid; Molten Carbonate
2) By End-User: Fuel Cell Vehicles; Utilities; Defense
Companies Mentioned: Plug Power; Toshiba Corporation; Doosan Fuel Cell; Bloom Energy; Ballard Power
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.

Product Code: r14804

1. Executive Summary

2. Hydrogen Fuel Cells Market Characteristics

3. Hydrogen Fuel Cells Market Trends And Strategies

4. Hydrogen Fuel Cells Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Hydrogen Fuel Cells Market Size and Growth

5.1. Global Hydrogen Fuel Cells Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Hydrogen Fuel Cells Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Hydrogen Fuel Cells Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hydrogen Fuel Cells Market Segmentation

6.1. Global Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Polymer Exchange Membrane Fuel Cells (PEMFC)
Direct Methanol Fuel Cells (DMFC)
Solid Oxide Fuel Cells (SOFC)
Other Types
6.2. Global Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Stationary
Transport
Portable
6.3. Global Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fuel Cell Vehicles
Utilities
Defense

7. Hydrogen Fuel Cells Market Regional And Country Analysis

7.1. Global Hydrogen Fuel Cells Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Hydrogen Fuel Cells Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hydrogen Fuel Cells Market

8.1. Asia-Pacific Hydrogen Fuel Cells Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hydrogen Fuel Cells Market

9.1. China Hydrogen Fuel Cells Market Overview
9.2. China Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hydrogen Fuel Cells Market

10.1. India Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hydrogen Fuel Cells Market

11.1. Japan Hydrogen Fuel Cells Market Overview
11.2. Japan Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hydrogen Fuel Cells Market

12.1. Australia Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hydrogen Fuel Cells Market

13.1. Indonesia Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hydrogen Fuel Cells Market

14.1. South Korea Hydrogen Fuel Cells Market Overview
14.2. South Korea Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hydrogen Fuel Cells Market

15.1. Western Europe Hydrogen Fuel Cells Market Overview
15.2. Western Europe Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hydrogen Fuel Cells Market

16.1. UK Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hydrogen Fuel Cells Market

17.1. Germany Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hydrogen Fuel Cells Market

18.1. France Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hydrogen Fuel Cells Market

19.1. Italy Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hydrogen Fuel Cells Market

20.1. Spain Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hydrogen Fuel Cells Market

21.1. Eastern Europe Hydrogen Fuel Cells Market Overview
21.2. Eastern Europe Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hydrogen Fuel Cells Market

22.1. Russia Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hydrogen Fuel Cells Market

23.1. North America Hydrogen Fuel Cells Market Overview
23.2. North America Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hydrogen Fuel Cells Market

24.1. USA Hydrogen Fuel Cells Market Overview
24.2. USA Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hydrogen Fuel Cells Market

25.1. Canada Hydrogen Fuel Cells Market Overview
25.2. Canada Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hydrogen Fuel Cells Market

26.1. South America Hydrogen Fuel Cells Market Overview
26.2. South America Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hydrogen Fuel Cells Market

27.1. Brazil Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hydrogen Fuel Cells Market

28.1. Middle East Hydrogen Fuel Cells Market Overview
28.2. Middle East Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hydrogen Fuel Cells Market

29.1. Africa Hydrogen Fuel Cells Market Overview
29.2. Africa Hydrogen Fuel Cells Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Hydrogen Fuel Cells Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Hydrogen Fuel Cells Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hydrogen Fuel Cells Market Competitive Landscape And Company Profiles

30.1. Hydrogen Fuel Cells Market Competitive Landscape
30.2. Hydrogen Fuel Cells Market Company Profiles
- 30.2.1. Plug Power
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Toshiba Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Doosan Fuel Cell
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Bloom Energy
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Ballard Power
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Hydrogen Fuel Cells Market Other Major And Innovative Companies

31.1. SFC Energy AG
31.2. Cummins Inc
31.3. FuelCell Energy
31.4. Panasonic Holdings Corporation
31.5. Horizon Fuel Cell Technologies
31.6. Reliance Industries
31.7. GAIL
31.8. National Thermal Power Corporation Limited (NTPC)
31.9. Indian Oil Corporation
31.10. Larsen and Toubro
31.11. Adani Green Energy
31.12. Tianneng
31.13. Corun
31.14. Narada
31.15. Sinohytec-U

32. Global Hydrogen Fuel Cells Market Competitive Benchmarking

33. Global Hydrogen Fuel Cells Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Hydrogen Fuel Cells Market

35. Hydrogen Fuel Cells Market Future Outlook and Potential Analysis

35.1 Hydrogen Fuel Cells Market In 2028 - Countries Offering Most New Opportunities
35.2 Hydrogen Fuel Cells Market In 2028 - Segments Offering Most New Opportunities
35.3 Hydrogen Fuel Cells Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer