Europe Fuel Cell Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Stationary, Portable, and Transport), By Country and Growth Forecast, 2022

List of Tables

The Europe Fuel Cell Market would witness market growth of 18.8% CAGR during the forecast period (2022-2028).

The Fuel cell market is expected to grow due to its wide range of applications as a portable electricity source, including power for test equipment, moveable battery chargers, and consumer electronics. Customers will gravitate toward these cells due to their ability to be refilled in minutes as opposed to batteries that take longer to recharge. Furthermore, by replacing batteries with DMFCs, battery charging infrastructures will be eliminated, resulting in increased product adoption.

Consumer awareness of clean energy technology and solutions is developing, and regulatory standards and mandates are being implemented more frequently to encourage the usage of fuel cell electric vehicles in the transportation sector. Additionally, changing customer preferences, combined with technological and modern improvements, are prompting key industry players to expand their charging networks.

By 2030, the German fuel cell market is expected to increase to 262 MW. Due to the growing user base, the quick commercialization of FCEVs will boost industry statistics. The industry will grow faster if both public and private organizations make significant investments in the extension and development of hydrogen refueling networks. Furthermore, the fuel cell business landscape is expected to be driven by the adoption of strict rules and pollution reduction targets. In 2021, for example, the German government adopted an Energy Act amendment draught containing additional clauses aimed toward the development of hydrogen networks. It will continue to focus on strengthening the country's hydrogen infrastructure.

Fuel cell-based systems have been widely used in the transportation industry in the region, from cars to trucks to heavy-duty vehicles. The European Union's constant efforts to decarbonize mobility in the region are the major driver for such a change. According to Eurostat, the share of renewables in gross energy consumption in the transportation sector was around 10% in 2020, which was a significant achievement for the EU, which had set a similar goal. They have now set a new goal of increasing the percentage to 14% by 2030. As a result, numerous efforts are presently underway to accelerate the adoption of green-hydrogen technology in the transportation industry.

The Germany market dominated the Europe Fuel Cell Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $464 Million by 2028. The UK market is estimated to grow at a CAGR of 17.8% during (2022 - 2028). Additionally, The France market would display a CAGR of 19.7% during (2022 - 2028).

Based on Product Type, the market is segmented into Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC), Molten Carbonate Fuel Cell (MCFC), Phosphoric Acid Fuel Cell (PAFC), and Others. Based on Application, the market is segmented into Stationary, Portable, and Transport. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ballard Power Systems, Inc., Plug Power, Inc., SFC Energy AG, Bloom Energy Corporation, Cummins, Inc., Hyster-Yale Materials Handling, Inc., Doosan Fuel Cell Co., Ltd., Intelligent Energy Limited (Meditor Group), FuelCell Energy, Inc., and Nedstack Fuel Cell Technology BV.

Scope of the Study

Market Segments covered in the Report:

By Product Type

Proton Exchange Membrane Fuel Cell (PEMFC)
Solid Oxide Fuel Cell (SOFC)
Molten Carbonate Fuel Cell (MCFC)
Phosphoric Acid Fuel Cell (PAFC)
Others

By Application

Stationary
Portable
Transport

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Companies Profiled

Ballard Power Systems, Inc.
Plug Power, Inc.
SFC Energy AG
Bloom Energy Corporation
Cummins, Inc.
Hyster-Yale Materials Handling, Inc.
Doosan Fuel Cell Co., Ltd.
Intelligent Energy Limited (Meditor Group)
FuelCell Energy, Inc.
Nedstack Fuel Cell Technology BV

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Fuel Cell Market, by Product Type
- 1.4.2 Europe Fuel Cell Market, by Application
- 1.4.3 Europe Fuel Cell Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
- 2.1.1 Overview
  - 2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2019, Dec - 2022, Feb) Leading Players

Chapter 4. Europe Fuel Cell Market by Product Type

4.1 Europe Proton Exchange Membrane Fuel Cell (PEMFC) Market by Country
4.2 Europe Solid Oxide Fuel Cell (SOFC) Market by Country
4.3 Europe Molten Carbonate Fuel Cell (MCFC) Market by Country
4.4 Europe Phosphoric Acid Fuel Cell (PAFC) Market by Country
4.5 Europe Others Market by Country

Chapter 5. Europe Fuel Cell Market by Application

5.1 Europe Stationary Market by Country
5.2 Europe Portable Market by Country
5.3 Europe Transport Market by Country

Chapter 6. Europe Fuel Cell Market by Country

6.1 Germany Fuel Cell Market
- 6.1.1 Germany Fuel Cell Market by Product Type
- 6.1.2 Germany Fuel Cell Market by Application
6.2 UK Fuel Cell Market
- 6.2.1 UK Fuel Cell Market by Product Type
- 6.2.2 UK Fuel Cell Market by Application
6.3 France Fuel Cell Market
- 6.3.1 France Fuel Cell Market by Product Type
- 6.3.2 France Fuel Cell Market by Application
6.4 Russia Fuel Cell Market
- 6.4.1 Russia Fuel Cell Market by Product Type
- 6.4.2 Russia Fuel Cell Market by Application
6.5 Spain Fuel Cell Market
- 6.5.1 Spain Fuel Cell Market by Product Type
- 6.5.2 Spain Fuel Cell Market by Application
6.6 Italy Fuel Cell Market
- 6.6.1 Italy Fuel Cell Market by Product Type
- 6.6.2 Italy Fuel Cell Market by Application
6.7 Rest of Europe Fuel Cell Market
- 6.7.1 Rest of Europe Fuel Cell Market by Product Type
- 6.7.2 Rest of Europe Fuel Cell Market by Application

Chapter 7. Company Profiles

7.1 Ballard Power Systems, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
  - 7.1.5.1 Partnerships, Collaborations, and Agreements:
  - 7.1.5.2 Product Launches and Product Expansions:
  - 7.1.5.3 Acquisition and Mergers:
7.2 Plug Power, Inc.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
  - 7.2.5.1 Partnerships, Collaborations, and Agreements:
  - 7.2.5.2 Acquisition and Mergers:
7.3 SFC Energy AG
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
  - 7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Bloom Energy Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Research & Development Expenses
- 7.4.4 Recent strategies and developments:
  - 7.4.4.1 Partnerships, Collaborations, and Agreements:
  - 7.4.4.2 Product Launches and Product Expansions:
7.5 Cummins, Inc.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional & Segmental Analysis
- 7.5.4 Research & Development Expenses
7.6 Hyster-Yale Materials Handling, Inc. (Nuvera Fuel Cells, LLC.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
7.7 Doosan Fuel Cell America, Inc. (Doosan Corporation)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Recent strategies and developments:
  - 7.7.3.1 Partnerships, Collaborations, and Agreements:
7.8 Intelligent Energy Limited (Meditor Group)
- 7.8.1 Company Overview
7.9 FuelCell Energy, Inc.
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
  - 7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Nedstack Fuel Cell Technology B.V.
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
  - 7.10.2.1 Partnerships, Collaborations, and Agreements:

LIST OF TABLES

TABLE 1 Europe Fuel Cell Market, 2018 - 2021, USD Million
TABLE 2 Europe Fuel Cell Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Fuel Cell Market
TABLE 4 Product Launches And Product Expansions- Fuel Cell Market
TABLE 5 Acquisition and Mergers- Fuel Cell Market
TABLE 6 Europe Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 7 Europe Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 8 Europe Proton Exchange Membrane Fuel Cell (PEMFC) Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Proton Exchange Membrane Fuel Cell (PEMFC) Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Solid Oxide Fuel Cell (SOFC) Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Solid Oxide Fuel Cell (SOFC) Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Molten Carbonate Fuel Cell (MCFC) Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Molten Carbonate Fuel Cell (MCFC) Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Phosphoric Acid Fuel Cell (PAFC) Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Phosphoric Acid Fuel Cell (PAFC) Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 19 Europe Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 20 Europe Stationary Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Stationary Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Portable Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Portable Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Transport Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Transport Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe Fuel Cell Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Fuel Cell Market by Country, 2022 - 2028, USD Million
TABLE 28 Germany Fuel Cell Market, 2018 - 2021, USD Million
TABLE 29 Germany Fuel Cell Market, 2022 - 2028, USD Million
TABLE 30 Germany Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 31 Germany Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 32 Germany Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 33 Germany Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 34 UK Fuel Cell Market, 2018 - 2021, USD Million
TABLE 35 UK Fuel Cell Market, 2022 - 2028, USD Million
TABLE 36 UK Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 37 UK Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 38 UK Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 39 UK Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 40 France Fuel Cell Market, 2018 - 2021, USD Million
TABLE 41 France Fuel Cell Market, 2022 - 2028, USD Million
TABLE 42 France Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 43 France Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 44 France Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 45 France Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 46 Russia Fuel Cell Market, 2018 - 2021, USD Million
TABLE 47 Russia Fuel Cell Market, 2022 - 2028, USD Million
TABLE 48 Russia Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 49 Russia Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 50 Russia Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 51 Russia Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 52 Spain Fuel Cell Market, 2018 - 2021, USD Million
TABLE 53 Spain Fuel Cell Market, 2022 - 2028, USD Million
TABLE 54 Spain Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 55 Spain Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 56 Spain Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 57 Spain Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 58 Italy Fuel Cell Market, 2018 - 2021, USD Million
TABLE 59 Italy Fuel Cell Market, 2022 - 2028, USD Million
TABLE 60 Italy Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 61 Italy Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 62 Italy Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 63 Italy Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 64 Rest of Europe Fuel Cell Market, 2018 - 2021, USD Million
TABLE 65 Rest of Europe Fuel Cell Market, 2022 - 2028, USD Million
TABLE 66 Rest of Europe Fuel Cell Market by Product Type, 2018 - 2021, USD Million
TABLE 67 Rest of Europe Fuel Cell Market by Product Type, 2022 - 2028, USD Million
TABLE 68 Rest of Europe Fuel Cell Market by Application, 2018 - 2021, USD Million
TABLE 69 Rest of Europe Fuel Cell Market by Application, 2022 - 2028, USD Million
TABLE 70 Key Information - BALLARD POWER SYSTEMS INC.
TABLE 71 Key Information - PLUG POWER INC.
TABLE 72 Key Information - SFC Energy AG
TABLE 73 Key Information - Bloom Energy Corporation
TABLE 74 Key information - Cummins, Inc.
TABLE 75 Key Information - Hyster-Yale Materials Handling, Inc.
TABLE 76 Key Information - Doosan Fuel Cell America, Inc.
TABLE 77 Key Information - Intelligent Energy Limited
TABLE 78 Key Information - FuelCell Energy, Inc.
TABLE 79 Key Information - Nedstack Fuel Cell Technology B.V.

List of Figures

FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018 -2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2019, Dec - 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: Ballard Power Systems, Inc.
FIG 6 Recent strategies and developments: Plug Power, Inc.
FIG 7 Recent strategies and developments: Bloom Energy Corporation

Europe Fuel Cell Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Stationary, Portable, and Transport), By Country and Growth Forecast, 2022 - 2028

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