EUROPE FUEL CELL MARKET FORECAST 2018-2026

EUROPE FUEL CELL MARKET FORECAST 2018-2026

  • January 2018 •
  • 89 pages •
  • Report ID: 5304109
KEY FINDINGS
The Europe fuel cell market is expected to rise with 16.02% CAGR over the forecast period of 2018-2026. Between the projected years, the market worth is expected to increase from $821 million in 2017 to $3023 million by 2026.

MARKET INSIGHTS
The presence of local market players that are highly involved in the adoption and manufacturing of fuel cells are acting as a positive factor for the growth of the fuel cell market in Europe.

The primary application of fuel cell in the European market is mainly found in the automotive sector, data centers, power generation and transportation and logistics. While the U.K market contributed the highest revenue share in 2017, it is the German market that is forecasted to grow with the highest CAGR. Growing demand for hydrogen fuel cells as an effective source of energy in vehicles is acting as a lucrative opportunity for this market.

COMPETITIVE INSIGHTS
Bloom Energy Corporation, Plug Power Inc, Exxon Mobil Corporation, Ballard Power Systems, Aisin Seiki Co Ltd, Hydrogenics Corporation, Toyota Motor Corporation, AFC Energy Plc, SFC Energy Ag, Fuelcell Energy Inc and Ceres Power Holdings Plc are few of the leading companies in this market.