Fuel Cell Market - Top Companies and Manufacturers

  • Report ID: 3310
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Companies Dominating the Fuel Cell Landscape

    • ITM Power PLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Fuji Electric Co., Ltd.
    • Proton Power Systems PLC
    • Plug Power Inc.
    • Ballard Power Systems
    • Mitsubishi Heavy Industries, Ltd.
    • SFC Energy AG
    • Cummins, Inc.
    • Navistar, Inc.
    • Fuel Cell Energy, Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • Mitsubishi Heavy Industries, Ltd., received a contract of supplying solid oxide fuel cell in Europe. The system is financed by the state of North Rhine-Westphalia and the European Regional Development Fund as part of the research project "KWK.NRW 4.0." (ERDF)

  • Navistar, Inc. announced the collaboration with General Motors and OneH2 to introduce the hydrogen truck ecosystem. It is a solution for a zero-emission transportation system. General Motors is likely to supply hydrotech fuel cell power cubes and OneH2 is to scale hydrogen production


Author Credits:  Dhruv Bhatia


  • Report ID: 3310
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fuel cell is assessed at USD 11.09 billion.

The fuel cell market size was over USD 9.25 billion in 2024 and is anticipated to reach USD 166.22 billion by the end of 2037, growing at around 24.6% CAGR during the forecast period i.e., between 2025-2037. Rising hydrogen production, rising need for clean energy solutions, and rising number of modern data centers will boost the market growth.

North America is poised to dominate majority industry share by 2037, propelled by rise in the number of data centers and the growing count of fuel cell vehicles in the region.

The major players in the market include ITM Power PLC, Fuji Electric Co., Ltd., Proton Power Systems PLC, Plug Power Inc., Ballard Power Systems, Mitsubishi Heavy Industries, Ltd., SFC Energy AG, Cummins, Inc., Navistar, Inc., Fuel Cell Energy, Inc.
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