세계의 연료전지 시장 : 산업 분석, 규모, 점유율, 성장, 동향, 예측(2025-2032년)

Persistence Market Research has recently released a comprehensive report on the worldwide market for fuel cells. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

• Fuel Cell Market Size (2025E): USD 4.53 Billion
• Projected Market Value (2032F): USD 16.73 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 20.5%

Fuel Cell Market - Report Scope:

Fuel cells are electrochemical devices that convert chemical energy from hydrogen or other fuels into electricity through a chemical reaction with oxygen or another oxidizing agent. Unlike combustion-based power generation, fuel cells offer high efficiency and zero-emission energy solutions, making them critical for decarbonization efforts in transportation, stationary power, and portable applications. The fuel cell market encompasses various technologies, including proton exchange membrane fuel cells (PEMFC), solid oxide fuel cells (SOFC), molten carbonate fuel cells (MCFC), and phosphoric acid fuel cells (PAFC), serving sectors such as automotive, industrial, commercial, and residential.

Market Growth Drivers:

The global fuel cell market is propelled by growing concerns over environmental sustainability, government regulations on carbon emissions, and the increasing adoption of clean energy technologies. The transportation sector, in particular, is witnessing strong momentum with the deployment of fuel cell electric vehicles (FCEVs), supported by infrastructure development and favorable policy frameworks in key regions such as North America, Europe, and Asia Pacific. In addition, rising investments in hydrogen production and fuel cell R&D, along with the growing demand for backup power systems in off-grid and remote locations, are accelerating market growth.

Market Restraints:

Despite its promising future, the fuel cell market faces notable challenges such as high production costs, lack of hydrogen refueling infrastructure, and competition from other clean technologies like batteries and solar PV. Technical barriers related to fuel cell durability, efficiency, and fuel storage also impact widespread adoption. Furthermore, the limited supply chain for critical raw materials and the need for standardized regulations across regions pose obstacles for manufacturers and developers.

Market Opportunities:

The market presents robust growth opportunities through the expansion of green hydrogen production, especially through electrolysis powered by renewable energy sources. The increasing integration of fuel cells in data centers, drones, marine vessels, and decentralized power systems highlights their versatility. Advancements in solid oxide and PEM fuel cell technologies promise improved performance and lower costs, encouraging commercial scalability. Strategic collaborations among energy providers, automakers, and governments are expected to further catalyze the development of a sustainable hydrogen economy.

Key Questions Answered in the Report:

• What are the primary factors driving the growth of the fuel cell market globally?
• Which fuel cell technologies and applications are gaining traction across end-use industries?
• How are government policies and hydrogen infrastructure developments shaping the future of the fuel cell industry?
• Who are the leading players in the fuel cell market, and what strategies are they adopting to expand their footprint?
• What are the emerging applications and future prospects in the global fuel cell market?

Competitive Intelligence and Business Strategy:

These companies are actively partnering with automotive OEMs, utility providers, and technology developers to expand commercial deployments and pilot projects. Joint ventures, supply agreements, and regional expansion strategies are critical components of their growth roadmap. A focus on vertical integration and localized production is also evident, as companies seek to enhance supply chain resilience and regulatory compliance.

Key Companies Profiled:

• AISIN Corporation
• Cummins Inc.
• Mitsubishi Heavy Industries
• Toshiba Corporation
• KYOCERA Corporation
• Fuji Electric Co Ltd
• ElringKlinger AG
• Bloom Energy
• Plug Power Inc
• Doosan Fuel Cell Ltd
• SFC Energy AG
• FuelCell Energy Inc
• Ballard Power System
• Ceres Power
• Solid Power

Fuel Cell Market Research Segmentation:

By Product Type

• Proton Exchange Membrane
• Solid Oxide
• Molten Carbonate
• Phosphoric Acid
• Alkaline
• Others

By Application

• Stationary Power Generation
• Transportation
• Portable Power

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• The Middle East and Africa

Table of Contents

1. Executive Summary

• 1.1. Global Fuel Cell Market Snapshot 2025 and 2032
• 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
• 1.3. Key Market Trends
• 1.4. Industry Developments and Key Market Events
• 1.5. Demand Side and Supply Side Analysis
• 1.6. PMR Analysis and Recommendations

2. Market Overview

• 2.1. Market Scope and Definitions
• 2.2. Value Chain Analysis
• 2.3. Macro-Economic Factors
  • 2.3.1. Global GDP Outlook
  • 2.3.2. Global Electric Vehicles Market Outlook
  • 2.3.3. Global Hydrogen Production Outlook
• 2.4. Forecast Factors - Relevance and Impact
• 2.5. COVID-19 Impact Assessment
• 2.6. PESTLE Analysis
• 2.7. Porter's Five Forces Analysis
• 2.8. Geopolitical Tensions: Market Impact
• 2.9. Regulatory and Technology Landscape

3. Market Dynamics

• 3.1. Drivers
• 3.2. Restraints
• 3.3. Opportunities
• 3.4. Trends

4. Price Trend Analysis, 2019-2032

• 4.1. Region-wise Price Analysis
• 4.2. Price by Segments
• 4.3. Price Impact Factors

5. Global Fuel Cell Market Outlook:

• 5.1. Key Highlights
• 5.2. Global Fuel Cell Market Outlook: Product Type
  • 5.2.1. Introduction/Key Findings
  • 5.2.2. Historical Market Size (US$ Mn) Analysis by Product Type, 2019-2024
  • 5.2.3. Current Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
    • 5.2.3.1. Proton Exchange Membrane Fuel Cell
    • 5.2.3.2. Solid Oxide Fuel Cell
    • 5.2.3.3. Molten Carbonate
    • 5.2.3.4. Phosphoric Acid Fuel Cell
    • 5.2.3.5. Alkaline Fuel Cell
    • 5.2.3.6. Misc.
  • 5.2.4. Market Attractiveness Analysis: Product Type
• 5.3. Global Fuel Cell Market Outlook: Application
  • 5.3.1. Introduction/Key Findings
  • 5.3.2. Historical Market Size (US$ Mn) Analysis by Application, 2019-2024
  • 5.3.3. Current Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
    • 5.3.3.1. Stationary Power Generation
    • 5.3.3.2. Transportation
    • 5.3.3.3. Portable Power
  • 5.3.4. Market Attractiveness Analysis: Application

6. Global Fuel Cell Market Outlook: Region

• 6.1. Key Highlights
• 6.2. Historical Market Size (US$ Mn) Analysis by Region, 2019-2024
• 6.3. Current Market Size (US$ Mn) Analysis and Forecast, by Region, 2025-2032
  • 6.3.1. North America
  • 6.3.2. Europe
  • 6.3.3. East Asia
  • 6.3.4. South Asia & Oceania
  • 6.3.5. Latin America
  • 6.3.6. Middle East & Africa
• 6.4. Market Attractiveness Analysis: Region

7. North America Fuel Cell Market Outlook:

• 7.1. Key Highlights
• 7.2. Pricing Analysis
• 7.3. North America Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 7.3.1. U.S.
  • 7.3.2. Canada
• 7.4. North America Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 7.4.1. Proton Exchange Membrane Fuel Cell
  • 7.4.2. Solid Oxide Fuel Cell
  • 7.4.3. Molten Carbonate
  • 7.4.4. Phosphoric Acid Fuel Cell
  • 7.4.5. Alkaline Fuel Cell
  • 7.4.6. Misc.
• 7.5. North America Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 7.5.1. Stationary Power Generation
  • 7.5.2. Transportation
  • 7.5.3. Portable Power

8. Europe Fuel Cell Market Outlook:

• 8.1. Key Highlights
• 8.2. Pricing Analysis
• 8.3. Europe Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 8.3.1. Germany
  • 8.3.2. Italy
  • 8.3.3. France
  • 8.3.4. U.K.
  • 8.3.5. Spain
  • 8.3.6. Russia
  • 8.3.7. Rest of Europe
• 8.4. Europe Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 8.4.1. Proton Exchange Membrane Fuel Cell
  • 8.4.2. Solid Oxide Fuel Cell
  • 8.4.3. Molten Carbonate
  • 8.4.4. Phosphoric Acid Fuel Cell
  • 8.4.5. Alkaline Fuel Cell
  • 8.4.6. Misc.
• 8.5. Europe Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 8.5.1. Stationary Power Generation
  • 8.5.2. Transportation
  • 8.5.3. Portable Power

9. East Asia Fuel Cell Market Outlook:

• 9.1. Key Highlights
• 9.2. Pricing Analysis
• 9.3. East Asia Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 9.3.1. China
  • 9.3.2. Japan
  • 9.3.3. South Korea
• 9.4. East Asia Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 9.4.1. Proton Exchange Membrane Fuel Cell
  • 9.4.2. Solid Oxide Fuel Cell
  • 9.4.3. Molten Carbonate
  • 9.4.4. Phosphoric Acid Fuel Cell
  • 9.4.5. Alkaline Fuel Cell
  • 9.4.6. Misc.
• 9.5. East Asia Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 9.5.1. Stationary Power Generation
  • 9.5.2. Transportation
  • 9.5.3. Portable Power

10. South Asia & Oceania Fuel Cell Market Outlook:

• 10.1. Key Highlights
• 10.2. Pricing Analysis
• 10.3. South Asia & Oceania Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 10.3.1. India
  • 10.3.2. Southeast Asia
  • 10.3.3. ANZ
  • 10.3.4. Rest of SAO
• 10.4. South Asia & Oceania Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 10.4.1. Proton Exchange Membrane Fuel Cell
  • 10.4.2. Solid Oxide Fuel Cell
  • 10.4.3. Molten Carbonate
  • 10.4.4. Phosphoric Acid Fuel Cell
  • 10.4.5. Alkaline Fuel Cell
  • 10.4.6. Misc.
• 10.5. South Asia & Oceania Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 10.5.1. Stationary Power Generation
  • 10.5.2. Transportation
  • 10.5.3. Portable Power

11. Latin America Fuel Cell Market Outlook:

• 11.1. Key Highlights
• 11.2. Pricing Analysis
• 11.3. Latin America Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 11.3.1. Brazil
  • 11.3.2. Mexico
  • 11.3.3. Rest of LATAM
• 11.4. Latin America Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 11.4.1. Proton Exchange Membrane Fuel Cell
  • 11.4.2. Solid Oxide Fuel Cell
  • 11.4.3. Molten Carbonate
  • 11.4.4. Phosphoric Acid Fuel Cell
  • 11.4.5. Alkaline Fuel Cell
  • 11.4.6. Misc.
• 11.5. Latin America Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 11.5.1. Stationary Power Generation
  • 11.5.2. Transportation
  • 11.5.3. Portable Power

12. Middle East & Africa Fuel Cell Market Outlook:

• 12.1. Key Highlights
• 12.2. Pricing Analysis
• 12.3. Middle East & Africa Market Size (US$ Mn) Analysis and Forecast, by Country, 2025-2032
  • 12.3.1. GCC Countries
  • 12.3.2. South Africa
  • 12.3.3. Northern Africa
  • 12.3.4. Rest of MEA
• 12.4. Middle East & Africa Market Size (US$ Mn) Analysis and Forecast, by Product Type, 2025-2032
  • 12.4.1. Proton Exchange Membrane Fuel Cell
  • 12.4.2. Solid Oxide Fuel Cell
  • 12.4.3. Molten Carbonate
  • 12.4.4. Phosphoric Acid Fuel Cell
  • 12.4.5. Alkaline Fuel Cell
  • 12.4.6. Misc.
• 12.5. Middle East & Africa Market Size (US$ Mn) Analysis and Forecast, by Application, 2025-2032
  • 12.5.1. Stationary Power Generation
  • 12.5.2. Transportation
  • 12.5.3. Portable Power

13. Competition Landscape

• 13.1. Market Share Analysis, 2025
• 13.2. Market Structure
  • 13.2.1. Competition Intensity Mapping
  • 13.2.2. Competition Dashboard
• 13.3. Company Profiles
  • 13.3.1. AISIN Corporation
    • 13.3.1.1. Company Overview
    • 13.3.1.2. Product Portfolio/Offerings
    • 13.3.1.3. Key Financials
    • 13.3.1.4. SWOT Analysis
    • 13.3.1.5. Company Strategy and Key Developments
  • 13.3.2. Cummins Inc.
  • 13.3.3. Mitsubishi Heavy Industries
  • 13.3.4. Toshiba Corporation
  • 13.3.5. KYOCERA Corporation
  • 13.3.6. Fuji Electric Co Ltd
  • 13.3.7. ElringKlinger AG
  • 13.3.8. Bloom Energy
  • 13.3.9. Plug Power Inc
  • 13.3.10. Doosan Fuel Cell Ltd
  • 13.3.11. SFC Energy AG
  • 13.3.12. FuelCell Energy Inc
  • 13.3.13. Ballard Power System
  • 13.3.14. Ceres Power
  • 13.3.15. Solid Power

14. Appendix

• 14.1. Research Methodology
• 14.2. Research Assumptions
• 14.3. Acronyms and Abbreviations