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| Market size in 2024 | US$ 1.56 billion |
Forecast Market size by 2030 | US$ 3780.0 million |
|---|---|---|---|
| Growth Rate | CAGR of 15.9% | Number of Pages | 205 Pages |
The United States Hydrogen Powered Fuel Cell market size was valued at US$ 1.56 billion in 2024 and is projected to reach US$ 3780.0 million by 2030, at a CAGR of 15.9% during the forecast period 2024-2030.
Hydrogen Powered Fuel Cells are electrochemical devices that convert hydrogen and oxygen into electricity, with water as the only byproduct, used in various applications including transportation, stationary power, and portable devices.
The US Hydrogen Powered Fuel Cell market is experiencing rapid growth, driven by increasing focus on clean energy solutions, advancements in fuel cell technology, and expanding applications in transportation and backup power systems. In 2023, total fuel cell shipments reached 100,000 units, with the transportation sector accounting for 50% of market value. The market saw a 40% increase in demand for PEM (Proton Exchange Membrane) fuel cells in 2023, particularly for automotive applications. Stationary fuel cell systems for backup power are growing at 20% annually. The market is witnessing a trend towards higher power density fuel cells, with a 30% year-over-year increase in R&D investments for improved membrane and catalyst technologies. Adoption of fuel cells in material handling equipment grew by 35% in 2023. Leading manufacturers are focusing on developing more durable and cost-effective fuel cell stacks, with a 45% increase in product launches featuring extended lifespans. The industry is also seeing increased interest in green hydrogen production, with a 50% rise in projects linking renewable energy directly to electrolysis for fuel cell applications.
This report contains market size and forecasts of Hydrogen Powered Fuel Cell in United States, including the following market information:
• United States Hydrogen Powered Fuel Cell Market Revenue, 2019-2024, 2024-2030, ($ millions)
• United States Hydrogen Powered Fuel Cell Market Sales, 2019-2024, 2024-2030,
• United States Top five Hydrogen Powered Fuel Cell companies in 2023 (%)
Report Includes
This report presents an overview of United States market for Hydrogen Powered Fuel Cell , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Hydrogen Powered Fuel Cell sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Hydrogen Powered Fuel Cell market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
• PEMFC
• SOFC
• Distributed Generation
• Car
• Ship
• Mobile Power Supply
• Others
Key Companies covered in this report:
• Plug Power
• Bloom Energy
• Ballard Power Systems
• Cummins Inc.
• FuelCell Energy
• Nikola Corporation
• Chevron Corporation
• Air Products and Chemicals, Inc.
• General Motors
• Proton Energy Systems
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Hydrogen Powered Fuel Cell revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
• Key companies Hydrogen Powered Fuel Cell revenues share in United Statesn market, 2023 (%)
• Key companies Hydrogen Powered Fuel Cell sales in United Statesn market, 2019-2024 (Estimated),
• Key companies Hydrogen Powered Fuel Cell sales share in United Statesn market, 2023 (%)
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Hydrogen Powered Fuel Cell Market
• Overview of the regional outlook of the Hydrogen Powered Fuel Cell Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
We offer additional regional and global reports that are similar:
• Global Hydrogen Powered Fuel Cell Market
• United States Hydrogen Powered Fuel Cell Market
• Japan Hydrogen Powered Fuel Cell Market
• Germany Hydrogen Powered Fuel Cell Market
• South Korea Hydrogen Powered Fuel Cell Market
• Indonesia Hydrogen Powered Fuel Cell Market
• Brazil Hydrogen Powered Fuel Cell Market
Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.
| Report Attributes | Report Details |
|---|---|
| Report Title | United States Hydrogen Powered Fuel Cell Market Research Report 2024-2030 |
| Market size in 2024 | US$ 1.56 billion |
| Forecast Market size by 2030 | US$ 3780.0 million |
| Growth Rate | CAGR of 15.9% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 205 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
1.1 Hydrogen Powered Fuel Cell Product Introduction
1.2.1 United Statesn Hydrogen Powered Fuel Cell Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 PEMFC
1.2.3 SOFC
1.3.1 United States Hydrogen Powered Fuel Cell Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Distributed Generation
1.3.3 Car
1.3.4 Ship
1.3.5 Mobile Power Supply
1.3.6 Others
1.4 United States Hydrogen Powered Fuel Cell Sales Estimates and Forecasts 2019-2030
1.5 United States Hydrogen Powered Fuel Cell Hydrocephalus Shunts Revenue Estimates and Forecasts 2019-2030
1.6 Study Objectives
1.7 Years Considered
2.1 United States Hydrogen Powered Fuel Cell Sales by Manufacturers
2.1.1 United States Hydrogen Powered Fuel Cell Sales by Manufacturers (2019-2024)
2.1.2 United States Hydrogen Powered Fuel Cell Sales Market Share by Manufacturers (2019-2024)
2.1.3 Top Largest Manufacturers of Hydrogen Powered Fuel Cell in 2023 in United States
2.2 United States Hydrogen Powered Fuel Cell Revenue by Manufacturers
2.2.1 United States Hydrogen Powered Fuel Cell Revenue by Manufacturers (2019-2024)
2.2.2 United States Hydrogen Powered Fuel Cell Revenue Market Share by Manufacturers (2019-2024)
2.2.3 United States Top Companies by Hydrogen Powered Fuel Cell Revenue in 2023
2.3 United States Hydrogen Powered Fuel Cell Sales Price by Manufacturers (2019-2024)
2.4 Analysis of Competitive Landscape
2.4.1 Manufacturers Market Concentration Ratio (CR3 and HHI)
2.4.2 United States Hydrogen Powered Fuel Cell by Company Type (Tier 1, Tier 2, and Tier 3)
2.4.3 United States Hydrogen Powered Fuel Cell Manufacturers Geographical Distribution
2.5 Mergers & Acquisitions, Expansion Plans
3.1 Hydrogen Powered Fuel Cell Market Size by Region: 2019-2030
3.1.1 United States Hydrogen Powered Fuel Cell Sales by Region: 2019-2024
3.1.2 United States Hydrogen Powered Fuel Cell Sales Forecast by Region (2025-2030)
3.1.3 United States Hydrogen Powered Fuel Cell Revenue by Region: 2019-2024
3.1.4 United States Hydrogen Powered Fuel Cell Revenue Forecast by Region (2025-2030)
4.1 United States Hydrogen Powered Fuel Cell Sales by Type
4.1.1 United States Hydrogen Powered Fuel Cell Historical Sales by Type (2019-2024)
4.1.2 United States Hydrogen Powered Fuel Cell Forecasted Sales by Type (2025-2030)
4.1.3 United States Hydrogen Powered Fuel Cell Sales Market Share by Type (2019-2030)
4.2 United States Hydrogen Powered Fuel Cell Revenue by Type
4.2.1 United States Hydrogen Powered Fuel Cell Historical Revenue by Type (2019-2024)
4.2.2 United States Hydrogen Powered Fuel Cell Forecasted Revenue by Type (2025-2030)
4.2.3 United States Hydrogen Powered Fuel Cell Revenue Market Share by Type (2019-2030)
4.3 United States Hydrogen Powered Fuel Cell Price by Type
4.3.1 United States Hydrogen Powered Fuel Cell Price by Type (2019-2024)
4.3.2 United States Hydrogen Powered Fuel Cell Price Forecast by Type (2025-2030)
5.1 United States Hydrogen Powered Fuel Cell Sales by Application
5.1.1 United States Hydrogen Powered Fuel Cell Historical Sales by Application (2019-2024)
5.1.2 United States Hydrogen Powered Fuel Cell Forecasted Sales by Application (2025-2030)
5.1.3 United States Hydrogen Powered Fuel Cell Sales Market Share by Application (2019-2030)
5.2 United States Hydrogen Powered Fuel Cell Revenue by Application
5.2.1 United States Hydrogen Powered Fuel Cell Historical Revenue by Application (2019-2024)
5.2.2 United States Hydrogen Powered Fuel Cell Forecasted Revenue by Application (2025-2030)
5.2.3 United States Hydrogen Powered Fuel Cell Revenue Market Share by Application (2019-2030)
5.3 United States Hydrogen Powered Fuel Cell Price by Application
5.3.1 United States Hydrogen Powered Fuel Cell Price by Application (2019-2024)
5.3.2 United States Hydrogen Powered Fuel Cell Price Forecast by Application (2025-2030)
6.1 Plug Power
6.1.1 Plug Power Corporation Information
6.1.2 Plug Power Overview
6.1.3 Plug Power in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.1.4 Plug Power Hydrogen Powered Fuel Cell Product Introduction
6.1.5 Plug Power Recent Developments
6.2 Bloom Energy
6.2.1 Bloom Energy Corporation Information
6.2.2 Bloom Energy Overview
6.2.3 Bloom Energy in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.2.4 Bloom Energy Hydrogen Powered Fuel Cell Product Introduction
6.2.5 Bloom Energy Recent Developments
6.3 Ballard Power Systems
6.3.1 Ballard Power Systems Corporation Information
6.3.2 Ballard Power Systems Overview
6.3.3 Ballard Power Systems in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.3.4 Ballard Power Systems Hydrogen Powered Fuel Cell Product Introduction
6.3.5 Ballard Power Systems Recent Developments
6.4 Cummins Inc.
6.4.1 Cummins Inc. Corporation Information
6.4.2 Cummins Inc. Overview
6.4.3 Cummins Inc. in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.4.4 Cummins Inc. Hydrogen Powered Fuel Cell Product Introduction
6.4.5 Cummins Inc. Recent Developments
6.5 FuelCell Energy
6.5.1 FuelCell Energy Corporation Information
6.5.2 FuelCell Energy Overview
6.5.3 FuelCell Energy in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.5.4 FuelCell Energy Hydrogen Powered Fuel Cell Product Introduction
6.5.5 FuelCell Energy Recent Developments
6.6 Nikola Corporation
6.6.1 Nikola Corporation Corporation Information
6.6.2 Nikola Corporation Overview
6.6.3 Nikola Corporation in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.6.4 Nikola Corporation Hydrogen Powered Fuel Cell Product Introduction
6.6.5 Nikola Corporation Recent Developments
6.7 Chevron Corporation
6.7.1 Chevron Corporation Corporation Information
6.7.2 Chevron Corporation Overview
6.7.3 Chevron Corporation in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.7.4 Chevron Corporation Hydrogen Powered Fuel Cell Product Introduction
6.7.5 Chevron Corporation Recent Developments
6.8 Air Products and Chemicals, Inc.
6.8.1 Air Products and Chemicals, Inc. Corporation Information
6.8.2 Air Products and Chemicals, Inc. Overview
6.8.3 Air Products and Chemicals, Inc. in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.8.4 Air Products and Chemicals, Inc. Hydrogen Powered Fuel Cell Product Introduction
6.8.5 Air Products and Chemicals, Inc. Recent Developments
6.9 General Motors
6.9.1 General Motors Corporation Information
6.9.2 General Motors Overview
6.9.3 General Motors in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.9.4General Motors Hydrogen Powered Fuel Cell Product Introduction
6.9.5 General Motors Recent Developments
6.10 Proton Energy Systems
6.10.1 Proton Energy Systems Corporation Information
6.10.2 Proton Energy Systems Overview
6.10.3 Proton Energy Systems in United States: Hydrogen Powered Fuel Cell Sales, Price, Revenue and Gross Margin (2019-2024)
6.10.4 Proton Energy Systems Hydrogen Powered Fuel Cell Product Introduction
6.10.5 Proton Energy Systems Recent Developments
7.1 Hydrogen Powered Fuel Cell Industry Chain Analysis
7.2 Hydrogen Powered Fuel Cell Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Hydrogen Powered Fuel Cell Production Mode & Process
7.4 Hydrogen Powered Fuel Cell Sales and Marketing
7.4.1 Hydrogen Powered Fuel Cell Sales Channels
7.4.2 Hydrogen Powered Fuel Cell Distributors
7.5 Hydrogen Powered Fuel Cell Customers
8.1.1 Hydrogen Powered Fuel Cell Industry Trends
8.1.2 Hydrogen Powered Fuel Cell Market Drivers
8.1.3 Hydrogen Powered Fuel Cell Market Challenges
8.1.4 Hydrogen Powered Fuel Cell Market Restraints
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Frequently Asked Questions ?
