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Europe Fuel Cell Market Share

Report ID: GMI9557
Published Date: May 2024
Report Format: PDF

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Europe Fuel Cell Market Share

AFC Energy, Bloom Energy, Ballard Power Systems, Cummins Inc., and AISIN CORPORATION are some leading players operating in the industry. Strategic alliances in the fuel cell industry across Europe are on the rise as companies, governments, and research institutions collaborate to accelerate the development and deployment of fuel cell technologies. Further, the stakeholders can address infrastructure gaps, reduce costs, and create a sustainable market for hydrogen and fuel cell solutions.

Europe Fuel Cell Market Companies

Eminent players operating in the Europe fuel cell industry are:

AISIN CORPORATION
AFC Energy
Bloom Energy
Ballard Power Systems.
Cummins Inc.
Ceres
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells, LLC
Panasonic Corporation
Robert Bosch GmbH
SFC Energy AG
TW Horizon Fuel Cell Technologies

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe fuel cell was reached USD 1.2 billion in 2023 and is expected to register 9.4% CAGR from 2024 to 2032, owing to the substantial investment and coordinated efforts across countries to build a comprehensive network of refueling stations.

Europe fuel cell industry from the transport segment and is projected to exceed USD 2.1 billion by 2032 due to the region rapidly expanding its network of hydrogen refueling stations to support the growing number of FCEVs.

Germany fuel cell industry is expected to surpass USD 800 million by 2032 due to government support, a strong industrial base, and a commitment to sustainable energy solutions in the country.

AFC Energy, Bloom Energy, Ballard Power Systems., Cummins Inc., Ceres, Nedstack Fuel Cell Technology BV, Nuvera Fuel Cells, LLC, Panasonic Corporation, Robert Bosch GmbH, SFC Energy AG, and TW Horizon Fuel Cell Technologies, are some of the major fuel cell companies in Europe.