Global Fuel Cell Generator Market

Report Code: FCB068A

Publish Date: May 2025

Publisher: BCC Publishing

Category: Fuel Cell and Battery

Download Report OverviewTARIFF UPDATE

Limited Period Offer

CUSTOMIZE NOW

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global market for fuel cell generator was valued at $1.2 billion in 2024 and is estimated to increase from $1.4 billion in 2025 to reach $3.1 billion by 2029, at a compound annual growth rate (CAGR) of 21.2% from 2024 through 2029.

Report Includes

  • 55 data tables and 61 additional tables
  • Analyses of trends in the global fuel cell generator market, with market revenue data for 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
  • Estimates of the size and growth of the global market, and a corresponding market share analysis by technology, stack size, fuel type, end-use industry and region
  • Facts and figures pertaining to the global market dynamics, technological advances, regulations and standards, innovations, prospects, and the impact of macroeconomic factors
  • Insights derived from the Porter’s Five Forces model, as well as global value/supply chain and PESTLE analyses, and case studies
  • Review of emerging trends and technologies, and new developments in fuel cell generators
  • Analysis of patent activity
  • Analysis of the industry structure, including companies’ market shares and global rankings, strategic alliances, M&A activity and a venture funding outlook
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
  • Company profiles of major players within the industry, including Ballard Power Systems, Bloom Energy, Doosan Fuel Cell Co. Ltd., FuelCell Energy Inc., and Plug Power Inc.

Report Scope

The scope of this report encompasses the segmental analysis by technology, stack size, fuel type, and end-use. The report also discusses the new innovations in fuel cell technology, regulatory analysis, competitive aspects, energy transition, and economic trends that influence the market. The analyst has included the patent analysis for the fuel cell generator market, which depicts a strong investment prospect for technology investors. The study includes Porter’s analysis, an ESG development chapter, macro-economic factors, and a competitive landscape, which enables the reader to understand a more precise competitive environment in the global market. The report concludes by providing detailed profiles of the major providers of fuel cell generators.

The report also includes a regional analysis of fuel cell generators that covers North America, Europe, Asia-Pacific and the rest of the World (e.g., South America, the Middle East and Africa). The country analysis, including the U.S., the U.K., South Korea, and China, further examines the current and future factors influencing the demand. The year 2023 is considered the base year, and 2024 is an estimated year. The market values are forecast for five years through 2029. All market values are in the U.S. dollars ($) millions. The report study excludes the transportation industry from the end-use industry segment.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $998.2 million
Market size forecast $3.1 billion
Growth rate CAGR of 21.2% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Technology, Stack Size, Fuel Type, End-Use Industry
Regions covered North America, Europe, Asia-Pacific, Rest of the World
Countries covered U.S., Canada, U.K., France, Germany, Italy, Netherlands, Poland, Norway, China, Japan, South Korea, Australia, India, the Philippines, Middle East and Africa, Saudi Arabia, UAE, Turkey, South America, Brazil, Chile, Argentina
Key Market Drivers
  • Increasing Demand for Uninterrupted Power Supply
  • Growing Awareness for Reducing Carbon Emissions
  • Rising Demand from the Maritime Industry
Companies studied
ABBAFC ENERGY
BALLARD POWER SYSTEMSBLOOM ENERGY
CUMMINS INC.DOOSAN FUEL CELL CO. LTD.
FUELCELL ENERGY INC.FUJI ELECTRIC CO. LTD.
H2SYS H2X GLOBAL LTD.
NEDSTACK FUEL CELL TECHNOLOGYPANASONIC HOLDINGS CORP.
PLUG POWER INC.POWERCELL SWEDEN AB
SIEMENS ENERGYTOSHIBA ENERGY SYSTEMS & SOLUTIONS CORP.
Need pricing for multiple titles, a complete report bundle, or something specially curated to fit your budget? EXPLORE OFFERS

Frequently Asked Questions (FAQs)

The projected market size in 2029 is $3.1 billion, and the market's CAGR is 21.2% during the forecast period.
The key factors driving the growth of the market are:
  • Increasing demand for uninterrupted power supply.
  • Growing awareness for reducing carbon emissions.
  • Rising demand from the maritime industry.
  • By technology
  • By stack size
  • By fuel type
  • By end-use industry
The hydrogen segment will dominate the market by 2029.
The Asia-Pacific region holds the largest share of the global market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Fuel Cell Generator Market157Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview 8Free
Chapter- 3: Market Dynamics 7Free
Chapter- 4: Emerging Technologies and Developments 5Free
Chapter- 5: Market Segmentation Analysis59Free
Chapter- 6: Competitive Intelligence12Free
Chapter- 7: Sustainability in the Fuel Cell Generator Market: An ESG Perspective 7Free
Chapter- 8: Appendix 55Free

Related Reports

Hydrogen Fuel Cell: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - EGY186B

The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.

Electric Vehicles and Fuel Cell Vehicles: Global Markets

Published - Aug 2024 | Publisher - BCC Publishing | Code - FCB040F

The global market for electric vehicles and fuel cell vehicles was valued at $655.9 billion in 2023. The market is expected to grow from $758.0 billion in 2024 to $1.8 trillion by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2029.

Hydrogen Fueling Stations: Global Markets

Published - Jul 2023 | Publisher - BCC Publishing | Code - EGY189A

The global market for hydrogen fueling stations was valued at $411.6 million in 2022. The market is estimated to increase from $453.6 million in 2023 to reach $976.4 million by 2028, at a compound annual growth rate (CAGR) of 16.6% from 2023 through 2028.

Solid Oxide Fuel Cells: Technologies and Global Markets

Published - Mar 2022 | Publisher - BCC Publishing | Code - EGY048E

The global solid oxide fuel cell market should reach $2.3 billion by 2026 from $1.3 billion in 2021 at a compound annual growth rate (CAGR) of 12.5% for the forecast period of 2021 to 2026.

Recent Reports

Next-Generation Advanced Batteries: Global Markets

Published - May 2025 | Publisher - BCC Publishing | Code - FCB062B

The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.

Global Fuel Cell Generator Market

Published - May 2025 | Publisher - BCC Publishing | Code - FCB068A

The global market for fuel cell generator was valued at $1.2 billion in 2024 and is estimated to increase from $1.4 billion in 2025 to reach $3.1 billion by 2029, at a compound annual growth rate (CAGR) of 21.2% from 2024 through 2029.

Global Fuel Cell Stack Market

Published - Apr 2025 | Publisher - BCC Publishing | Code - FCB070A

The global fuel cell stack market report is segmented in terms of technology and end-use industry segments. In this report, market analysis for the leading countries, such as the U.S., Canada, China, Japan, Germany, France, and the U.K. is covered, where the opportunity for fuel cell stack is gaining momentum in the global market.

Global Hydrogen Energy Storage Market

Published - Apr 2025 | Publisher - BCC Publishing | Code - FCB069A

This report provides an overview of the global hydrogen energy storage market. It provides analysis of the market based on storage form, technology, and end-user segments. The report includes patent analysis, an ESG development chapter, and industry competitive landscape.

Global Lithium-ion Battery Market

Published - Mar 2025 | Publisher - BCC Publishing | Code - FCB067A

The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.

Top Trending Reports

Global Markets for Emerging Medical Device Technologies

Published - Mar 2025 | Publisher - BCC Publishing | Code - HLC191C

The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.

Global Diabetic Care Devices Market

Published - Feb 2025 | Publisher - BCC Publishing | Code - MDS019B

The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.

Generative AI: Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - IFT308A

The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.

2024 Medical Devices Research Review

Published - Mar 2025 | Publisher - BCC Publishing | Code - MDS060B

The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.

2024 Cell and Gene: Research Review

Published - Apr 2025 | Publisher - BCC Publishing | Code - BIO267A

Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. These Research Reviews include portions of several market research reports that were published in 2024.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Global Fuel Cell Generator Market
Sample Report