Report Highlights
The global market for fuel cells for residential, commercial and military power is estimated to grow from $4.6 billion in 2025 to reach $10.7 billion by 2030, at a compound annual growth rate (CAGR) of 18.4% from 2025 to 2030.
Report Includes
- 41 data tables and 49 additional tables
- In-depth analysis of the global market for fuel cells for residential, commercial and military power
- Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2028 and 2029, as well as projected CAGRs through 2030
- Estimates of the market size and revenue growth prospects, accompanied by a market share analysis by fuel cell type, application, end user and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, prospects and the impact of macroeconomic variables
- Insights derived from Porter’s Five Forces model, as well as global supply chain analyses
- Upcoming trends and technologies, and potential applications for fuel cells in residential, commercial and military power
- Patent review, featuring key granted and published patents
- Analysis of the industry structure, including companies’ market shares and rankings, product mappings, strategic initiatives, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Profiles of the leading companies, including Bloom Energy, Mitsubishi Heavy Industries Ltd., Doosan Fuel Cell Co. Ltd., FuelCell Energy Inc., and Kyocera Corp.
Report Scope
The scope of this report encompasses the segmental analysis by fuel cell type, application and end use. The report also discusses innovations in fuel cells for residential, commercial and military power technology, regulatory analysis, competitive aspects, energy transition and economic trends that influence the market. The analyst has included patent analysis for the global market for fuel cells in residential, commercial and military power, depicting a strong investment prospect for technology investors. The study comprises Porter’s analysis, an ESG development chapter, macroeconomic factors and a competitive landscape, enabling the reader to understand the competitive environment in the global market more precisely. The report concludes by providing detailed profiles of the major companies that offer fuel cells for residential, commercial and military power.
The report also includes a regional analysis of fuel cells for residential, commercial and military power that covers North America, Europe, Asia-Pacific and the Rest of the World (South America and the Middle East and Africa). The country analysis, which includes the U.S., the U.K., South Korea, Japan and China, further examines current and future factors influencing the demand. The year 2024 is considered the base year, and 2025 is an estimated year. Market values are forecast for five years through 2030. All market values are in millions of U.S. dollars ($).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $4.1 Billion | ||||||||||||||||
| Market size forecast | $10.7 Billion | ||||||||||||||||
| Growth rate | CAGR of 18.4% from 2025 to 2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Fuel Cell Type, Application, End User and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and the Rest of the World (RoW) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Rising demand from the maritime industry.
- Supportive government regulations and incentives.
- Growing awareness for reducing carbon emissions.
- High cost of catalysts.
- High cost of hydrogen storage and distribution.
- Crude oil price fluctuations.
- Growing demand for clean energy sources.
- Demand for fuel cells for backup power in data centers.
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.
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Report Highlights
The global market for fuel cells should grow from $5.7 billion in 2021 to $24.0 billion by 2026 with a compound annual growth rate (CAGR) of 33.5% for the period of 2021-2026.
Report Includes
- 28 data tables and 32 additional tables
- An overview of the global market outlook for fuel cells for residential, commercial, and military power
- Estimation of the market size and analyses of the global market trends, with data from 2020, estimates for 2021, with projection of CAGR through 2026
- Analysis of new opportunities, challenges, and technological changes within the industry and highlights of the market growth potential by type, end-use, application, and region
- Coverage of history of fuel cells and hydrogen fuel industry, description of competitive technologies and insights into government initiatives to promote fuel cells
- Detailed analysis of the current market trends and forecast, new products launches and product enhancement, technological innovation, upcoming technologies, and the technical progress of the industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Company profiles of major players in the market, including Ballard Power Systems, Bloom Energy, Doosan Fuel Cell, General Electric Co., Sumitomo Corp., and Toshiba Fuel Cell Power Systems Corp.
Report Highlights
The global residential, commercial, and military fuel cell market was valued at $439 million in 2011 and should reach $569 million in 2012. Total market value is expected to reach nearly $1.7 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 24.2%.
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