Portable Fuel Cell Market Size

  • Report ID: 3701
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Portable Fuel Cell Market Size

Portable Fuel Cell Market size was valued at USD 4.78 billion in 2024 and is set to exceed USD 98.45 billion by 2037, expanding at over 26.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of portable fuel cell is evaluated at USD 6.99 billion.

The primary growth factor for the development of the global market during the forecast period is the rising demand for energy along with the need for an uninterrupted power supply to carry out various applications and services. As per recent statistics, it is forecasted that the global electricity demand is expected to considerably grow by the end of 2023. Furthermore, it is stated that an additional 2,500 terawatt hours (TWh) of electricity demand is anticipated to be added by 2025. Thus, this 9% growth would take the global electricity demand to almost 30,000 terawatt hours (TWh).

A portable fuel cell is a technologically advanced device that acts as a battery, and does not need recharging or does not run down, as long as fuel is supplied as an oxidant. Hence, these portable fuel cells are a high-demand product in numerous industries including automotive, electrical & electronics, and others. This is considered to be a major factor for market growth during the predicted period.


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Author Credits:  Dhruv Bhatia


  • Report ID: 3701
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of portable fuel cell is evaluated at USD 6.99 billion.

The portable fuel cell market size was valued at USD 4.78 billion in 2024 and is set to exceed USD 98.45 billion by 2037, expanding at over 26.2% CAGR during the forecast period i.e., between 2025-2037. The expansion of the electrical and electronics sector and rapid growth in the automotive sector will propel the market growth.

North America industry is set to dominate majority revenue share of 35% by 2037, attributed to rise in the number of data centers and the growing count of fuel cell vehicles in the region.

The major players in the market are Ballard Power Systems Inc., Plug Power Inc., Cummins Inc., BASF SE, Medis TECHNOLOGIES, Bloom Energy, TW Horizon Fuel Cell Technologies, Intelligent Energy Limited, SFC Energy AG, Hydrogenics Corporation
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