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North America Fuel Cell Market Share

Report ID: GMI5225
Published Date: Nov 2024
Report Format: PDF

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North America Fuel Cell Market Share

North America Fuel Cell Company Market Share, (2024)

The competitive landscape involves various players across multiple segments, including hydrogen production, fuel cell manufacturing, and integration into different applications like transportation, stationary power, and industrial use. The market has a diverse mix of companies, from well-established corporations to emerging startups. Strategic partnerships are crucial for growth in the market. Companies like Plug Power and GM are forming joint ventures to bring fuel cell technologies to various industries.

North America Fuel Cell Market Companies

Eminent players operating in the North America fuel cell industry are:

Aisin Corporation
AFC Energy
Air Liquide
Aris Renewable Energy
Altergy
Ballard Power Systems
Bloom Energy
Cummins
Doosan Fuel Cell America
Fuel Cell Energy
Fuji Electric
Hyundai Motor Company
Intelligent Energy Limited
Nuvera Fuel Cells
Plug Power
Robert Bosch
SFC Energy
Toshiba Corporation
TW Horizon Fuel Cell Technologies

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for fuel cell in North America reached USD 1.64 billion in 2024 and is set to grow at an 8.1% CAGR from 2025 to 2034, driven by efforts to establish a hydrogen economy.

The portable segment is poised to witness a 27.5% CAGR through 2034, fueled by investments in distributed power generation technologies and rising electricity consumption.

The U.S. market is anticipated to reach USD 3.1 billion by 2034, led by government regulations targeting climate change and mandates promoting clean energy sources.

The key players in the industry include Aisin Corporation, AFC Energy, Air Liquide, Aris Renewable Energy, Altergy, Ballard Power Systems, Bloom Energy, Cummins, Doosan Fuel Cell America, Fuel Cell Energy, and Fuji Electric.