Portable Fuel Cell Market Share

North America Market Forecasts

North America industry is set to dominate majority revenue share of 35% by 2037. The major growth factor for the market expansion in the region can be attributed to the rise in the number of data centers and the growing count of fuel cell vehicles in the region which generates the need for a portable fuel cell for proper functioning in the longer run. According to reports, more than 2,600 data centers in the United States use more than 1.5% of the country's total energy. Moreover, there are now nearly 328 colocation data centers, around 24 network fabrics, and over 500 service providers in Canada. Besides this, as of February 2019, there were more than 6,500 fuel cell vehicles on American roads.

APAC Market Statistics

The Asia Pacific portable fuel cell market is estimated to grow significantly during the time period between 2025-2037. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rising demand for EVs in Japan and South Korea, along with increasing usage of fuel cells in vehicles in the region. Apart from this, the growing government investments in clean power generation are also expected to boost market growth in the region.