全球燃料电池发电机市场(按燃料电池类型、尺寸、燃料类型、最终用户和地区划分)- 预测至 2030 年
市场调查报告书
商品编码
1772635

全球燃料电池发电机市场(按燃料电池类型、尺寸、燃料类型、最终用户和地区划分)- 预测至 2030 年

Fuel Cell Generator Market by End User (Marine, Aquaculture, Construction, Agriculture, Data Centers, Emergency Response Generators), Size [Small (=200 kW), Large (>200 kW)], Fuel Type (Hydrogen, Ammonia, Methanol), and Region - Global Forecast to 2030

出版日期: | 出版商: MarketsandMarkets | 英文 231 Pages | 订单完成后即时交付

价格

燃料电池发电机市场预计将从 2025 年的6.3 亿美元成长到 2030 年的 18 亿美元,预测期内的复合年增长率为 23.3%。

燃料电池发电机市场的发展受到清洁离网电力需求成长、能源安全担忧加剧以及关键产业对可靠备用系统需求的推动。氢能基础设施投资的不断增加、政府扶持措施的推出以及燃料电池效率和寿命的提升,正在推动燃料电池的应用。脱碳目标的提出以及向弹性低排放气体能源解决方案的转变,进一步推动了工业、商业和远端应用市场的发展。

研究范围
调查年份 2020-2030
基准年 2024
预测期 2025-2030
目标单位 金额(百万美元/十亿美元)、数量(兆瓦)
部分 按燃料电池类型、按尺寸、按燃料类型、按最终用户、按地区
目标区域 北美、欧洲、亚太地区、拉丁美洲、世界其他地区

小型燃料电池发电机占据了最大的市场规模,这主要是因为它们用途广泛、易于部署,并且适用于分散式电源。这些紧凑型系统非常适合住宅、通讯塔、行动装置和小型商业设施,这些设施需要可靠、清洁的备用电源,同时又对空间和基础设施要求极低。偏远和无电地区对不断电系统的需求日益增长,以及电网不稳定的发展中地区对小型发电机的采用日益增多,这些因素推动了对小型发电机的需求。此外,它们的低噪音、零排放运行和扩充性使其成为一种有吸引力的永续能源解决方案。技术进步提高了效率、降低了成本并改善了便携性,进一步刺激了它们的应用。政府的支持性政策以及太阳能和风能等再生能源来源的整合也有助于该领域保持强大的市场地位并持续成长。

预计资料中心领域仍将是燃料电池发电机市场中终端用户占比最大的细分市场,因为该领域至关重要,需要可靠、持续和绿能。随着云端处理、人工智慧、物联网和数位服务的兴起,全球数据消耗激增,资料中心必须确保不间断运作。燃料电池发电机是一种高效能、低排放气体的柴油发电机替代品,可满足备用和主要电源需求。其模组化、扩充性以及独立于电网运行的能力使其非常适合超大规模和边缘资料中心。此外,领先的科技公司致力于实现碳中和并投资永续能源基础设施,这进一步推动了对燃料电池系统的需求。减少维护、安静运行和快速启动也增加了它们在运作和永续性至关重要的资料中心环境中的吸引力。

预计在2021年至2030年期间,燃料电池发电机市场将成为亚太地区第二大市场,这得益于该地区快速的工业化进程和不断增长的能源需求,以及政府鼓励采用清洁能源技术的倡议。日本和中国在氢能和燃料电池领域处于领先地位,这得益于政府对氢能经济的支持、支持性基础设施投资以及随之而来的燃料电池系统的商业化。日本政府的「氢能社会」愿景旨在透过固定式和交通应用的燃料发电机来提升氢能对经济的作用。在中国,透过政策的大力支持、国有能源公司的参与以及巨大的製造能力,正在塑造燃料电池的潜力,降低燃料电池技术的成本并促进其普及。

燃料电池发电机市场由几家业务遍布全球的大型企业主导。燃料电池发电机市场的一些主要参与者包括:Bloom Energy(美国)、PowerCell Sweden AB(瑞典)、Nedstack Fuel Cell Technology(荷兰)、Ballard Power Systems(美国)、Plug Power Inc.(美国)、Doosan Fuel Cell(韩国)、ABB(瑞士)、西门子能源(德国)、康明斯公司(美国)、Aan Energy(日本)、瑞士)、西门子能源(德国)、康明斯公司(美国)、Aan Energy(日本)、新能源系统解决方案(英国)、康明斯公司(日本)、Aon Energy)、日本)。

本研究报告根据规模、应用和燃料类型对燃料电池发电机市场进行了定义、说明和预测。该报告还提供了详细的定性和定量市场分析,全面回顾了关键的市场驱动因素、限制因素、机会和挑战。该报告还涵盖了市场的各个重要方面,包括竞争格局分析、市场动态、以金额为准的市场估值以及燃料电池发电机市场的未来趋势。

目录

第一章 引言

第二章调查方法

第三章执行摘要

第四章重要考察

第五章市场概述

  • 介绍
  • 市场动态
  • 影响客户业务的趋势/中断
  • 定价分析
  • 供应链分析
  • 生态系分析
  • 技术分析
  • 案例研究分析
  • 专利分析
  • 贸易分析
  • 大型会议及活动
  • 监管状况
  • 波特五力分析
  • 主要相关人员和采购标准
  • 人工智慧/产生人工智慧对燃料电池发电机市场的影响
  • 美国关税的影响—概述

第六章燃料电池发电机市场(依燃料电池类型)

  • 介绍
  • 质子交换膜燃料电池(PEMFC)
  • 固体氧化物燃料电池(SOFC)
  • 碱性燃料电池(AFC)
  • 磷酸燃料电池(PAFC)

第七章燃料电池发电机市场(按规模)

  • 介绍
  • 小规模(最高200kW)
  • 大型(200kW以上)

第 8 章燃料电池发电机市场(按燃料类型)

  • 介绍
  • 甲醇
  • 其他的

第九章燃料电池发电机市场(依最终用户)

  • 介绍
  • 海洋工程平台
  • 工地
  • 农业设施
  • 水产养殖设施
  • 资料中心
  • 紧急应变发电机

第 10 章燃料电池发电机市场(按地区)

  • 介绍
  • 亚太地区
    • 中国
    • 印度
    • 日本
    • 其他的
  • 北美洲
    • 美国
    • 加拿大
  • 欧洲
    • 德国
    • 英国
    • 法国
    • 其他的
  • 其他地区
    • 宏观经济因素

第十一章竞争格局

  • 介绍
  • 主要参与企业的策略/优势,2021-2025
  • 2020-2024年收益分析
  • 2024年市场占有率分析
  • 估值和财务指标
  • 品牌/产品比较
  • 公司估值矩阵:2024 年主要参与企业
  • 公司估值矩阵:Start-Ups/中小企业,2024 年
  • 竞争场景

第十二章 公司简介

  • 主要参与企业
    • BLOOM ENERGY
    • DOOSAN FUEL CELL CO., LTD.
    • POWERCELL SWEDEN AB
    • BALLARD POWER SYSTEMS
    • NEDSTACK FUEL CELL TECHNOLOGY
    • PLUG POWER INC.
    • ABB
    • ZEPP.SOLUTIONS BV
    • SIEMENS ENERGY
    • CUMMINS INC.
    • AFC ENERGY
    • TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
    • PROTON MOTOR FUEL CELL GMBH
    • PANASONIC CORPORATION
    • EODEV
    • GENCELL LTD.
  • 其他公司
    • FUJI ELECTRIC CO., LTD.
    • POWERUP ENERGY TECHNOLOGIES
    • HORIZON FUEL CELL TECHNOLOGIES
    • UPSTART POWER
    • FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG
    • BOC LIMITED
    • H2SYS
    • GREENAMP TECHNOS(OPC)PRIVATE LIMITED
    • YANMAR HOLDINGS CO., LTD

第十三章 附录

Product Code: EP 8127

The fuel cell generator market is estimated to reach USD 1.80 billion by 2030 from an estimated value of USD 0.63 billion in 2025, at a CAGR of 23.3% during the forecast period. The fuel cell generator market is driven by increasing demand for clean, off-grid power, rising concerns over energy security, and the need for reliable backup systems in critical sectors. Growing investments in hydrogen infrastructure, supportive government incentives, and advancements in fuel cell efficiency and lifespan are boosting adoption. Decarbonization goals and the transition toward resilient, low-emission energy solutions further propel the market across industrial, commercial, and remote applications.

Scope of the Report
Years Considered for the Study2020-2030
Base Year2024
Forecast Period2025-2030
Units ConsideredValue (USD Million/Billion); Volume (MW)
SegmentsFuel Type, Fuel Cell Type, End User, Size, and Region
Regions coveredNorth America, Europe, Asia Pacific, Latin America, and the Rest of the World

"Small Scale: The larger segment of fuel cell generators in terms of size."

Small-scale fuel cell generators represent the largest segment of the market by size, primarily due to their versatility, ease of deployment, and suitability for decentralized power applications. These compact systems are ideal for residential buildings, telecom towers, mobile units, and small commercial facilities that require reliable, clean backup power with minimal space and infrastructure requirements. The increasing need for uninterrupted power in remote and off-grid areas, along with rising adoption in developing regions with unreliable grid access, is driving demand for small-scale units. Additionally, their low noise, zero-emission operation, and scalability make them attractive for sustainable energy solutions. Technological advancements have enhanced efficiency, reduced costs, and improved portability, further encouraging adoption. Supportive government policies and the integration of renewable energy sources like solar and wind also contribute to the segment's strong market position and sustained growth.

"The data centers segment is estimated to remain the largest segment among end users."

The data center segment is expected to remain the largest segment by end user in the fuel cell generator market due to the sector's critical need for reliable, continuous, and clean power. As global data consumption surges with the rise of cloud computing, AI, IoT, and digital services, data centers must ensure uninterrupted operation. Fuel cell generators offer a highly efficient, low-emission alternative to diesel generators for both backup and primary power needs. Their modularity, scalability, and ability to operate independently from the grid make them well-suited for hyperscale and edge data centers. Moreover, major technology firms are committing to carbon neutrality and investing in sustainable energy infrastructure, further boosting demand for fuel cell systems. Reduced maintenance, silent operation, and rapid startup times also enhance their appeal in data center environments where uptime and sustainability are paramount.

"Asia Pacific is projected to be the second-largest region in the fuel cell generator market."

The fuel cell generator market is projected to be the second largest in the Asia Pacific region, during the 2021-2030 period, underpinned by rapid industrialization and growing energy demands in the region, combined with government initiatives to foster the uptake of clean energy technology. Japan and China are the leaders in hydrogen and fuel cells, with government backing of the hydrogen economy, supportive infrastructure investment, and later commercialization of fuel cell systems. The Japanese government's concept of a "Hydrogen Society" is based on increased hydrogen's role in the economy through fuel generators working in stationary and transportation applications. In China, significant support through policy, engagement of the state-owned energy enterprises, and massive manufacturing capacity are shaping its fuel cell capabilities, lowering both the cost and access to fuel cell technologies.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1: 65%, Tier 2: 24%, and Tier 3: 11%

By Designation: C-Level Executives: 30%, Managers: 25%, and Others: 45%

By Region: North America: 27%, Europe: 20%, Asia Pacific: 53%,

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2023; Tier 1: Greater than USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: Less than USD 500 million.

The fuel cell generator market is dominated by a few major players that have a wide regional presence. The leading players in fuel cell generator market are Bloom Energy (US), PowerCell Sweden AB (Sweden), Nedstack Fuel Cell Technology (Netherlands), Ballard Power Systems (US), Plug Power Inc. (US), Doosan Fuel Cell Co., Ltd. (South Korea), ABB (Switzerland), Siemens Energy (Germany), Cummins Inc. (US), AFC Energy (UK), Toshiba Energy Systems & Solutions Corporation (Japan) among others.

Research Coverage

The report defines, describes, and forecasts the fuel cell generator market by size, application, and fuel type. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the fuel cell generator market.

Key Benefits of Buying the Report

  • The fuel cell generator market is driven by the global transition toward cleaner, more resilient, and sustainable energy systems. With rising concerns over carbon emissions, air quality, and energy security, fuel cell generators offer a reliable, low-emission alternative to traditional diesel and gas-powered generators. Their ability to deliver continuous, off-grid, and backup power with high efficiency and minimal environmental impact makes them increasingly attractive across sectors such as data centers, healthcare, telecom, defense, and remote infrastructure. The growing urgency for decarbonization, coupled with climate-induced power disruptions, is accelerating demand for dependable backup solutions. Supportive government policies, financial incentives, and hydrogen development roadmaps further fuel market growth. Advancements in fuel cell technologies-including improved lifespan, scalability, and integration with renewables-enhance system performance and cost-competitiveness. Additionally, strategic investments in hydrogen infrastructure and green hydrogen production are expanding the viability of fuel cell generators. As industries prioritize clean energy resilience and grid independence, fuel cell generators are emerging as a vital solution in the global push toward net-zero emissions and sustainable energy diversification.
  • Product Development/Innovation: The fuel cell generator market is advancing through innovations that enhance efficiency, durability, and system integration. Companies are developing compact, modular fuel cell systems that enable flexible deployment across residential, commercial, and industrial settings. Technological improvements in catalysts, membranes, and thermal management boost power density and extend operational life. Integration with IoT platforms enables real-time monitoring, predictive maintenance, and performance optimization. Hybrid systems combining fuel cells with renewables and batteries offer greater energy resilience. Additionally, advancements in hydrogen storage and ammonia-to-hydrogen conversion technologies are expanding fuel flexibility, supporting broader adoption and scalability of fuel cell generators in diverse applications.
  • Market Development: In June 2024, PowerCell Sweden AB launched the Marine System 225, a next-generation maritime fuel cell system built on the success of the Marine System 200. With enhanced power output, improved efficiency, and a compact design, it is ideal for marine vessels. Designed for durability and ease of installation, the system highlights PowerCell's leadership in marine innovation and supports the growing demand for sustainable maritime power solutions.
  • Market Diversification: In February 2025, Zepp.solutions B.V. has been chosen as the fuel cell system supplier for the NERA-H2 project, funded by the Dutch Maritime Master Plan. This initiative focuses on retrofitting river cruise vessels with hydrogen fuel cell propulsion systems, addressing stringent emissions regulations in cities like Amsterdam, Basel, and Vienna. By providing modular fuel cell systems with over 1MW output, Zepp.solutions is driving the adoption of hydrogen-powered solutions in the maritime sector. This project is pivotal in scaling up the use of hydrogen technology within the river cruise industry, ultimately pushing the fuel cell generator market towards sustainable applications in maritime transport.
  • Competitive Assessment: Assessment of rankings of some of the key players, including of Bloom Energy (US), PowerCell Sweden AB (Sweden), Nedstack Fuel Cell Technology (Netherlands), Ballard Power Systems (US), Plug Power Inc. (US), Doosan Fuel Cell Co., Ltd. (South Korea), ABB (Switzerland), Siemens Energy (Germany), Cummins Inc. (US), AFC Energy (UK), and Toshiba Energy Systems & Solutions Corporation (Japan).

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • 1.3.2 INCLUSIONS AND EXCLUSIONS
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 UNIT CONSIDERED
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
  • 2.2 DATA TRIANGULATION
    • 2.2.1 SECONDARY DATA
      • 2.2.1.1 Key data from secondary sources
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Key insights from primary sources
      • 2.2.2.2 Breakdown of primaries
  • 2.3 MARKET SIZE ESTIMATION
    • 2.3.1 SUPPLY-SIDE ANALYSIS
      • 2.3.1.1 Supply-side calculations
      • 2.3.1.2 Supply-side assumptions
    • 2.3.2 DEMAND-SIDE ANALYSIS
      • 2.3.2.1 Demand-side assumptions
      • 2.3.2.2 Demand-side limitations
      • 2.3.2.3 Demand-side calculation
    • 2.3.3 FORECAST
  • 2.4 RESEARCH LIMITATIONS
  • 2.5 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUEL CELL GENERATOR MARKET
  • 4.2 FUEL CELL GENERATOR MARKET, BY REGION
  • 4.3 FUEL CELL GENERATOR MARKET, BY END USER
  • 4.4 FUEL CELL GENERATOR MARKET, BY FUEL TYPE
  • 4.5 FUEL CELL GENERATOR MARKET, BY SIZE

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Global focus on reducing carbon emissions and environmental impact
      • 5.2.1.2 Hydrogen fuel cell generators are replacing diesel backups in data centers seeking cleaner energy
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High upfront cost compared to conventional diesel or gas generators limits mass adoption.
      • 5.2.2.2 High capital expenditure associated with hydrogen energy storage
      • 5.2.2.3 Lack of robust hydrogen infrastructure limits fuel availability and distribution
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Integration of renewable energy sources into power grids
      • 5.2.3.2 Supportive government policies, incentives, and rebates on installation of fuel cell generators
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Water management in proton-exchange membrane fuel cells
      • 5.2.4.2 High operational temperature of solid oxide fuel cells
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    • 5.4.1 PEM BACKUP FUEL CELL GENERATOR INDICATIVE PRICING MODEL ANALYSIS
      • 5.4.1.1 5 kW FCG stack and balance of plant (BoP) indicative cost
      • 5.4.1.2 10 kW FCG stack and balance of plant (BoP) indicative cost
    • 5.4.2 PEM STACK AND SYSTEM BOP PRICING MODEL ANALYSIS
      • 5.4.2.1 PEM stack component cost summary
        • 5.4.2.1.1 100 KW PEM stack component cost summary
        • 5.4.2.1.2 250 KW PEM stack component cost summary
      • 5.4.2.2 PEM stack manufacturing cost summary
        • 5.4.2.2.1 100 KW PEM stack manufacturing cost summary
        • 5.4.2.2.2 250 KW PEM stack manufacturing cost summary
      • 5.4.2.3 PEM BoP cost summary
        • 5.4.2.3.1 100 KW PEM BoP cost summary
        • 5.4.2.3.2 250 kW PEM BoP cost summary
  • 5.5 SUPPLY CHAIN ANALYSIS
    • 5.5.1 RAW MATERIAL SUPPLIER
    • 5.5.2 COMPONENT MANUFACTURING
    • 5.5.3 FUEL CELL STACK & SYSTEM INTEGRATION
    • 5.5.4 FUEL CELL GENERATOR PROVIDER
    • 5.5.5 END USER
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 KEY TECHNOLOGIES
      • 5.7.1.1 Atomically dispersed Pt and Fe sites and Pt-Fe nanoparticles for durable proton-exchange membrane fuel cells
      • 5.7.1.2 Nanoparticle-based fuel cells
    • 5.7.2 ADJACENT TECHNOLOGIES
      • 5.7.2.1 Non-precious metal catalyst-based fuel cells
      • 5.7.2.2 Hexagonal perovskites for ceramic fuel cells
  • 5.8 CASE STUDY ANALYSIS
    • 5.8.1 POWERING SUSTAINABILITY AND SAVINGS-WALMART TURNS TO BLOOM ENERGY FOR RESILIENT, LOW-CARBON ENERGY AT SCALE.
    • 5.8.2 FUEL CELLS POWER VERIZON'S RESILIENCE-CUTTING COSTS, SLASHING EMISSIONS, AND SECURING CRITICAL INFRASTRUCTURE WITH HIGH-EFFICIENCY, ON-SITE ENERGY
    • 5.8.3 KEEPING FLOOD WARNINGS FLOWING-EFOY FUEL CELLS POWER THE ENVIRONMENT AGENCY'S OFF-GRID MONITORING WITH SILENT, WEATHERPROOF RELIABILITY
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    • 5.10.1 IMPORT SCENARIO (HS CODE 280410)
    • 5.10.2 EXPORT SCENARIO (HS CODE 280410)
  • 5.11 KEY CONFERENCES AND EVENTS
  • 5.12 REGULATORY LANDSCAPE
    • 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.12.2 REGULATORY FRAMEWORK
  • 5.13 PORTER'S FIVE FORCES ANALYSIS
    • 5.13.1 THREAT OF SUBSTITUTES
    • 5.13.2 BARGAINING POWER OF SUPPLIERS
    • 5.13.3 BARGAINING POWER OF BUYERS
    • 5.13.4 THREAT OF NEW ENTRANTS
    • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • 5.14.2 BUYING CRITERIA
  • 5.15 IMPACT OF AI/GEN AI ON FUEL CELL GENERATOR MARKET
    • 5.15.1 SYSTEM OPTIMIZATION & PREDICTIVE MAINTENANCE
    • 5.15.2 DESIGN & R&D ACCELERATION
    • 5.15.3 MARKET INTELLIGENCE AND CUSTOMER PROFILING
  • 5.16 IMPACT OF US TARIFF - OVERVIEW
    • 5.16.1 INTRODUCTION
    • 5.16.2 KEY TARIFF RATES
    • 5.16.3 PRICE IMPACT ANALYSIS
    • 5.16.4 IMPACT ON COUNTRY/REGION
      • 5.16.4.1 US
      • 5.16.4.2 Europe
      • 5.16.4.3 Asia Pacific
    • 5.16.5 IMPACT ON END-USER INDUSTRIES

6 FUEL CELL GENERATOR MARKET, BY FUEL CELL TYPE

  • 6.1 INTRODUCTION
  • 6.2 PROTON-EXCHANGE MEMBRANE FUEL CELL (PEMFC)
    • 6.2.1 INCREASING USE OF PEM FUEL CELLS IN MARINE APPLICATIONS
  • 6.3 SOLID OXIDE FUEL CELL (SOFC)
    • 6.3.1 RISE IN ADOPTION OF SOFCS IN ENERGY SECTOR TO ACHIEVE HIGH ELECTRICAL EFFICIENCY AND LOW CO2 EMISSIONS
  • 6.4 ALKALINE FUEL CELL (AFC)
    • 6.4.1 HIGH ADOPTION OF AFC IN CONSTRUCTION AND MARINE APPLICATIONS
  • 6.5 PHOSPHORIC ACID FUEL CELL (PAFC)
    • 6.5.1 ADOPTION OF PAFCS IN STATIONARY APPLICATIONS

7 FUEL CELL GENERATOR MARKET, BY SIZE

  • 7.1 INTRODUCTION
  • 7.2 SMALL SCALE (UP TO 200 KW)
    • 7.2.1 DIVERSE POWER OUTPUT OF SMALL FUEL CELL SYSTEMS TO INCREASE THEIR USE BY ALL END USERS
  • 7.3 LARGE SCALE (ABOVE 200 KW)
    • 7.3.1 ROBUST ENERGY AND CLIMATE POLICIES TO DRIVE MARKET

8 FUEL CELL GENERATOR MARKET, BY FUEL TYPE

  • 8.1 INTRODUCTION
  • 8.2 HYDROGEN
    • 8.2.1 HIGH ENERGY DENSITY OF HYDROGEN TO SUPPORT SEGMENTAL GROWTH
  • 8.3 METHANOL
    • 8.3.1 EASE OF STORAGE AND USE TO BOOST DEMAND FOR METHANOL
  • 8.4 AMMONIA
    • 8.4.1 STRINGENT REGULATIONS TO REDUCE CARBON FOOTPRINT TO INCREASE DEMAND FOR AMMONIA
  • 8.5 OTHERS

9 FUEL CELL GENERATOR MARKET, BY END USER

  • 9.1 INTRODUCTION
  • 9.2 MARINE ENGINEERING PLATFORMS
    • 9.2.1 DECARBONIZATION TARGETS SET BY INTERNATIONAL MARITIME ORGANIZATIONS TO STIMULATE DEMAND
  • 9.3 CONSTRUCTION SITES
    • 9.3.1 REPLACEMENT OF DIESEL GENERATORS WITH FUEL CELL GENERATORS TO ACHIEVE DECARBONIZATION GOALS TO DRIVE MARKET
  • 9.4 AGRICULTURAL FACILITIES
    • 9.4.1 IMPLEMENTATION OF HYDROGEN GENERATORS IN AGRICULTURAL APPLICATIONS TO SUPPORT MARKET GROWTH
  • 9.5 AQUACULTURE FACILITIES
    • 9.5.1 RISING NEED FOR ENERGY-EFFICIENT AND LOW-NOISE SOLUTIONS IN AQUACULTURE FACILITIES TO BOOST DEMAND FOR FUEL CELL GENERATORS
  • 9.6 DATA CENTERS
    • 9.6.1 GROWING USE OF BACKUP POWER SYSTEMS DURING OUTAGES TO PUSH DEMAND FOR FUEL CELL GENERATORS
  • 9.7 EMERGENCY RESPONSE GENERATORS
    • 9.7.1 POWER BACKUP REQUIREMENT FROM TELECOM TOWERS TO CONTRIBUTE TO MARKET GROWTH

10 FUEL CELL GENERATOR MARKET, BY REGION

  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    • 10.2.1 CHINA
      • 10.2.1.1 Increase in focus on improving energy efficiency to drive market
      • 10.2.1.2 Macroeconomic factors
    • 10.2.2 INDIA
      • 10.2.2.1 Need for decarbonization of energy sector to support market growth
      • 10.2.2.2 Macroeconomic factors
    • 10.2.3 JAPAN
      • 10.2.3.1 Rise in use of hydrogen for clean energy to boost demand for fuel cell generators
      • 10.2.3.2 Macroeconomic factors
    • 10.2.4 REST OF ASIA PACIFIC
  • 10.3 NORTH AMERICA
    • 10.3.1 US
      • 10.3.1.1 Growing focus on clean energy generation to boost demand for fuel cell technology
      • 10.3.1.2 Macroeconomic factors
    • 10.3.2 CANADA
      • 10.3.2.1 Government grants to run fuel cell technology-based programs to support market growth
      • 10.3.2.2 Macroeconomic factors
  • 10.4 EUROPE
    • 10.4.1 GERMANY
      • 10.4.1.1 Focus on emission-free transportation to foster requirement for fuel cell technology
      • 10.4.1.2 Macroeconomic factors
    • 10.4.2 UK
      • 10.4.2.1 Efforts to reduce GHG emissions to stimulate demand for fuel cell technology
      • 10.4.2.2 Macroeconomic factors
    • 10.4.3 FRANCE
      • 10.4.3.1 Energy transition outlook of French government to facilitate market growth
      • 10.4.3.2 Macroeconomic factors
    • 10.4.4 REST OF EUROPE
  • 10.5 REST OF THE WORLD (ROW)
    • 10.5.1 MACROECONOMIC FACTORS

11 COMPETITIVE LANDSCAPE

  • 11.1 INTRODUCTION
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2025
  • 11.3 REVENUE ANALYSIS, 2020-2024
  • 11.4 MARKET SHARE ANALYSIS, 2024
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
    • 11.5.1 COMPANY VALUATION
    • 11.5.2 FINANCIAL METRICS
  • 11.6 BRAND/PRODUCT COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    • 11.7.1 STARS
    • 11.7.2 EMERGING LEADERS
    • 11.7.3 PERVASIVE PLAYERS
    • 11.7.4 PARTICIPANTS
    • 11.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2024
      • 11.7.5.1 Company footprint
      • 11.7.5.2 Regional footprint
      • 11.7.5.3 End user footprint
      • 11.7.5.4 Fuel type footprint
      • 11.7.5.5 Size footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    • 11.8.1 PROGRESSIVE COMPANIES
    • 11.8.2 RESPONSIVE COMPANIES
    • 11.8.3 DYNAMIC COMPANIES
    • 11.8.4 STARTING BLOCKS
    • 11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
      • 11.8.5.1 Detailed List of key startups/SMEs
      • 11.8.5.2 Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    • 11.9.1 PRODUCT LAUNCHES
    • 11.9.2 DEALS
    • 11.9.3 EXPANSIONS
    • 11.9.4 OTHER DEVELOPMENTS

12 COMPANY PROFILES

  • 12.1 KEY PLAYERS
    • 12.1.1 BLOOM ENERGY
      • 12.1.1.1 Business overview
      • 12.1.1.2 Products/Solutions/Services offered
      • 12.1.1.3 Recent developments
        • 12.1.1.3.1 Deals
        • 12.1.1.3.2 Expansions
        • 12.1.1.3.3 Other developments
      • 12.1.1.4 MnM view
        • 12.1.1.4.1 Right to win
        • 12.1.1.4.2 Strategic choices
        • 12.1.1.4.3 Weaknesses and competitive threats
    • 12.1.2 DOOSAN FUEL CELL CO., LTD.
      • 12.1.2.1 Business overview
      • 12.1.2.2 Products offered
      • 12.1.2.3 Recent developments
        • 12.1.2.3.1 Deals
        • 12.1.2.3.2 Expansions
      • 12.1.2.4 MnM view
        • 12.1.2.4.1 Right to win
        • 12.1.2.4.2 Strategic choices
        • 12.1.2.4.3 Weaknesses and competitive threats
    • 12.1.3 POWERCELL SWEDEN AB
      • 12.1.3.1 Business overview
      • 12.1.3.2 Products offered
      • 12.1.3.3 Recent developments
        • 12.1.3.3.1 Product launches
        • 12.1.3.3.2 Deals
        • 12.1.3.3.3 Expansions
        • 12.1.3.3.4 Others developments
      • 12.1.3.4 MnM view
        • 12.1.3.4.1 Right to win
        • 12.1.3.4.2 Strategic choices
        • 12.1.3.4.3 Weaknesses and competitive threats
    • 12.1.4 BALLARD POWER SYSTEMS
      • 12.1.4.1 Business overview
      • 12.1.4.2 Products offered
      • 12.1.4.3 Recent developments
        • 12.1.4.3.1 Product launches
        • 12.1.4.3.2 Deals
        • 12.1.4.3.3 Other Developments
      • 12.1.4.4 MnM View
        • 12.1.4.4.1 Right to win
        • 12.1.4.4.2 Strategic choices
        • 12.1.4.4.3 Weaknesses and competitive threats
    • 12.1.5 NEDSTACK FUEL CELL TECHNOLOGY
      • 12.1.5.1 Business overview
      • 12.1.5.2 Products offered
      • 12.1.5.3 Recent developments
        • 12.1.5.3.1 Deals
        • 12.1.5.3.2 Other Developments
      • 12.1.5.4 MnM View
        • 12.1.5.4.1 Right to win
        • 12.1.5.4.2 Strategic choices
        • 12.1.5.4.3 Weaknesses/Competitive threats
    • 12.1.6 PLUG POWER INC.
      • 12.1.6.1 Business overview
      • 12.1.6.2 Products offered
      • 12.1.6.3 MnM View
        • 12.1.6.3.1 Right to win
        • 12.1.6.3.2 Strategic choices
        • 12.1.6.3.3 Weaknesses/Competitive threats
    • 12.1.7 ABB
      • 12.1.7.1 Business overview
      • 12.1.7.2 Products offered
      • 12.1.7.3 Recent developments
        • 12.1.7.3.1 Deals
        • 12.1.7.3.2 Other developments
    • 12.1.8 ZEPP.SOLUTIONS B.V.
      • 12.1.8.1 Business overview
      • 12.1.8.2 Products offered
      • 12.1.8.3 Recent developments
        • 12.1.8.3.1 Product Launch
        • 12.1.8.3.2 Expansions
        • 12.1.8.3.3 Other developments
    • 12.1.9 SIEMENS ENERGY
      • 12.1.9.1 Business overview
      • 12.1.9.2 Products offered
      • 12.1.9.3 Recent developments
        • 12.1.9.3.1 Deals
        • 12.1.9.3.2 Other developments
    • 12.1.10 CUMMINS INC.
      • 12.1.10.1 Business overview
      • 12.1.10.2 Products offered
      • 12.1.10.3 Recent developments
        • 12.1.10.3.1 Product launches
        • 12.1.10.3.2 Other developments
    • 12.1.11 AFC ENERGY
      • 12.1.11.1 Business overview
      • 12.1.11.2 Products offered
      • 12.1.11.3 Recent developments
        • 12.1.11.3.1 Product launches
        • 12.1.11.3.2 Deals
        • 12.1.11.3.3 Expansions
    • 12.1.12 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
      • 12.1.12.1 Business overview
      • 12.1.12.2 Products offered
      • 12.1.12.3 Recent developments
        • 12.1.12.3.1 Deals
    • 12.1.13 PROTON MOTOR FUEL CELL GMBH
      • 12.1.13.1 Business overview
      • 12.1.13.2 Products offered
      • 12.1.13.3 Recent developments
        • 12.1.13.3.1 Product launches
        • 12.1.13.3.2 Deals
        • 12.1.13.3.3 Other Developments
    • 12.1.14 PANASONIC CORPORATION
      • 12.1.14.1 Business overview
      • 12.1.14.2 Products offered
      • 12.1.14.3 Recent developments
        • 12.1.14.3.1 Product launches
        • 12.1.14.3.2 Deals
        • 12.1.14.3.3 Expansions
    • 12.1.15 EODEV
      • 12.1.15.1 Business overview
      • 12.1.15.2 Products offered
      • 12.1.15.3 Recent developments
        • 12.1.15.3.1 Deals
        • 12.1.15.3.2 Expansions
        • 12.1.15.3.3 Other developments
    • 12.1.16 GENCELL LTD.
      • 12.1.16.1 Business overview
      • 12.1.16.2 Products offered
  • 12.2 OTHER PLAYERS
    • 12.2.1 FUJI ELECTRIC CO., LTD.
    • 12.2.2 POWERUP ENERGY TECHNOLOGIES
    • 12.2.3 HORIZON FUEL CELL TECHNOLOGIES
    • 12.2.4 UPSTART POWER
    • 12.2.5 FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG
    • 12.2.6 BOC LIMITED
    • 12.2.7 H2SYS
    • 12.2.8 GREENAMP TECHNOS (OPC) PRIVATE LIMITED
    • 12.2.9 YANMAR HOLDINGS CO., LTD

13 APPENDIX

  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS

List of Tables

  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 FUEL CELL GENERATOR MARKET SNAPSHOT
  • TABLE 3 POLICIES BY MAJOR ECONOMIES TO STIMULATE HYDROGEN DEMAND
  • TABLE 4 PEM STACK COMPONENT COST SUMMARY FOR 5 KW BACKUP SYSTEM, 2022-2024 (USD)
  • TABLE 5 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 5 KW BACKUP SYSTEM, 2022-2024 (USD)
  • TABLE 6 5 KW BACKUP SYSTEM BOP COST DISTRIBUTION
  • TABLE 7 PEM STACK COMPONENT COST SUMMARY FOR 10 KW BACKUP SYSTEM, 2022-2024 (USD)
  • TABLE 8 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 10 KW BACKUP SYSTEM, 2022-2024 (USD)
  • TABLE 9 10 KW BACKUP SYSTEM BOP COST DISTRIBUTION
  • TABLE 10 PEM STACK COMPONENT COST SUMMARY FOR 100 KW AND 250 KW SYSTEMS, 2022-2024 (USD)
  • TABLE 11 PEM STACK MANUFACTURING COST SUMMARY: 100 KW AND 250 KW SYSTEM, 2022-2024 (USD)
  • TABLE 12 ROLE OF COMPANIES IN FUEL CELL GENERATOR ECOSYSTEM
  • TABLE 13 LIST OF KEY PATENTS, 2024-2025
  • TABLE 14 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2024 (USD THOUSAND)
  • TABLE 15 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2024 (USD THOUSAND)
  • TABLE 16 LIST OF KEY CONFERENCES AND EVENTS, 2025-2026
  • TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 NORTH AMERICA: FUEL CELL GENERATOR MARKET, REGULATORY FRAMEWORK
  • TABLE 22 EUROPE: FUEL CELL GENERATOR MARKET, REGULATORY FRAMEWORK
  • TABLE 23 ASIA PACIFIC: FUEL CELL GENERATOR MARKET, REGULATORY FRAMEWORK
  • TABLE 24 PORTER'S FIVE FORCES ANALYSIS
  • TABLE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR VARIOUS GENERATOR SIZES
  • TABLE 26 KEY BUYING CRITERIA FOR VARIOUS GENERATOR SIZES
  • TABLE 27 US: ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION)
  • TABLE 28 EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END USE MARKET DUE TO TARIFF IMPACT
  • TABLE 29 FUEL CELL GENERATOR MARKET, BY SIZE, 2020-2024 (USD MILLION)
  • TABLE 30 FUEL CELL GENERATOR MARKET, BY SIZE, 2025-2030 (USD MILLION)
  • TABLE 31 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY SIZE
  • TABLE 32 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2020-2024 (USD MILLION)
  • TABLE 33 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2025-2030 (USD MILLION)
  • TABLE 34 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY FUEL TYPE
  • TABLE 35 FUEL CELL GENERATOR MARKET, BY END USER, 2020-2024 (MW)
  • TABLE 36 FUEL CELL GENERATOR MARKET, BY END USER, 2025-2030 (MW)
  • TABLE 37 FUEL CELL GENERATOR MARKET, BY END USER, 2020-2024 (USD MILLION)
  • TABLE 38 FUEL CELL GENERATOR MARKET, BY END USER, 2025-2030 (USD MILLION)
  • TABLE 39 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY END USER
  • TABLE 40 FUEL CELL GENERATOR MARKET, BY REGION, 2020-2024 (MW)
  • TABLE 41 FUEL CELL GENERATOR MARKET, BY REGION, 2025-2030 (MW)
  • TABLE 42 FUEL CELL GENERATOR MARKET, BY REGION, 2020-2024 (USD MILLION)
  • TABLE 43 FUEL CELL GENERATOR MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 44 FUEL CELL TECHNOLOGY KEY PROJECTS IN ASIA PACIFIC
  • TABLE 45 CHINA: CO2 EMISSIONS, 2015-2023 (TONNES PER CAPITA)
  • TABLE 46 CHINA: NUMBER OF SHIPS, 2016-2021
  • TABLE 47 INDIA: CO2 EMISSIONS, 2010-2021 (TONNES PER CAPITA)
  • TABLE 48 JAPAN: CO2 EMISSIONS, 2015-2023 (TONNES PER CAPITA)
  • TABLE 49 JAPAN: NUMBER OF SHIPS, 2016-2021
  • TABLE 50 FUEL CELL TECHNOLOGY KEY PROJECTS IN NORTH AMERICA
  • TABLE 51 US: CO2 EMISSIONS, 2010-2022 (TONNES PER CAPITA)
  • TABLE 52 US: NUMBER OF SHIPS, 2016-2021
  • TABLE 53 CANADA: CO2 EMISSIONS, 2010-2021 (TONNES PER CAPITA)
  • TABLE 54 FUEL CELL TECHNOLOGY KEY PROJECTS IN EUROPE
  • TABLE 55 GERMANY: CO2 EMISSIONS, 2010-2021 (TONNES PER CAPITA)
  • TABLE 56 GERMANY: NUMBER OF SHIPS, 2016-2021
  • TABLE 57 UK: CO2 EMISSIONS, 2010-2021 (TONNES PER CAPITA)
  • TABLE 58 UK: NUMBER OF SHIPS, 2016-2021
  • TABLE 59 FRANCE: CO2 EMISSIONS, 2010-2021 (TONNES PER CAPITA)
  • TABLE 60 FRANCE: NUMBER OF SHIPS, 2016-2021
  • TABLE 61 ROW: CO2 EMISSIONS (TONNES PER CAPITA), 2010-2019
  • TABLE 62 FUEL CELL GENERATOR MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021-2025
  • TABLE 63 FUEL CELL GENERATOR MARKET: DEGREE OF COMPETITION, 2024
  • TABLE 64 FUEL CELL GENERATOR MARKET: REGIONAL FOOTPRINT, 2024
  • TABLE 65 FUEL CELL GENERATOR MARKET: END USER FOOTPRINT, 2024
  • TABLE 66 FUEL CELL GENERATOR MARKET: FUEL TYPE FOOTPRINT, 2024
  • TABLE 67 FUEL CELL GENERATOR MARKET: SIZE FOOTPRINT, 2024
  • TABLE 68 FUEL CELL GENERATOR MARKET: KEY STARTUPS/SMES, 2024
  • TABLE 69 FUEL CELL GENERATOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2024
  • TABLE 70 FUEL CELL GENERATOR MARKET: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2025
  • TABLE 71 FUEL CELL GENERATOR MARKET: DEALS, JANUARY 2020-JUNE 2025
  • TABLE 72 FUEL CELL GENERATOR MARKET: EXPANSIONS, JANUARY 2020-JUNE 2025
  • TABLE 73 FUEL CELL GENERATOR MARKET: OTHER DEVELOPMENTS, JANUARY 2020-JUNE 2025
  • TABLE 74 BLOOM ENERGY: COMPANY OVERVIEW
  • TABLE 75 BLOOM ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 76 BLOOM ENERGY: DEALS
  • TABLE 77 BLOOM ENERGY: EXPANSIONS
  • TABLE 78 BLOOM ENERGY: OTHER DEVELOPMENTS
  • TABLE 79 DOOSAN FUEL CELL CO., LTD.: COMPANY OVERVIEW
  • TABLE 80 DOOSAN FUEL CELL CO., LTD.: PRODUCTS OFFERED
  • TABLE 81 DOOSAN FUEL CELL CO., LTD.: DEALS
  • TABLE 82 DOOSAN FUEL CELL CO., LTD.: EXPANSIONS
  • TABLE 83 POWERCELL SWEDEN AB: COMPANY OVERVIEW
  • TABLE 84 POWERCELL SWEDEN AB: PRODUCTS OFFERED
  • TABLE 85 POWERCELL SWEDEN AB: PRODUCT LAUNCHES
  • TABLE 86 POWERCELL SWEDEN AB: DEALS
  • TABLE 87 POWERCELL SWEDEN AB: EXPANSIONS
  • TABLE 88 POWERCELL SWEDEN AB: OTHER DEVELOPMENTS
  • TABLE 89 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
  • TABLE 90 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
  • TABLE 91 BALLARD POWER SYSTEMS: PRODUCT LAUNCHES
  • TABLE 92 BALLARD POWER SYSTEMS: DEALS
  • TABLE 93 BALLARD POWER SYSTEMS: OTHER DEVELOPMENTS
  • TABLE 94 NEDSTACK FUEL CELL TECHNOLOGY: COMPANY OVERVIEW
  • TABLE 95 NEDSTACK FUEL CELL TECHNOLOGY: PRODUCTS OFFERED
  • TABLE 96 NEDSTACK FUEL CELL TECHNOLOGY: DEALS
  • TABLE 97 NEDSTACK FUEL CELL TECHNOLOGY: OTHER DEVELOPMENTS
  • TABLE 98 PLUG POWER INC.: COMPANY OVERVIEW
  • TABLE 99 PLUG POWER INC.: PRODUCTS OFFERED
  • TABLE 100 ABB: COMPANY OVERVIEW
  • TABLE 101 ABB: PRODUCTS OFFERED
  • TABLE 102 ABB: DEALS
  • TABLE 103 ABB: OTHER DEVELOPMENTS
  • TABLE 104 ZEPP.SOLUTIONS B.V.: COMPANY OVERVIEW
  • TABLE 105 ZEPP.SOLUTIONS B.V.: PRODUCTS OFFERED
  • TABLE 106 ZEPP.SOLUTIONS B.V.: PRODUCT LAUNCH
  • TABLE 107 ZEPP.SOLUTIONS B.V.: EXPANSIONS
  • TABLE 108 ZEPP.SOLUTIONS B.V.: OTHER DEVELOPMENTS
  • TABLE 109 SIEMENS ENERGY: COMPANY OVERVIEW
  • TABLE 110 SIEMENS ENERGY: PRODUCTS OFFERED
  • TABLE 111 SIEMENS ENERGY: DEALS
  • TABLE 112 SIEMENS ENERGY: OTHER DEVELOPMENTS
  • TABLE 113 CUMMINS INC.: BUSINESS OVERVIEW
  • TABLE 114 CUMMINS INC.: PRODUCTS OFFERED
  • TABLE 115 CUMMINS INC.: PRODUCT LAUNCHES
  • TABLE 116 CUMMINS INC.: OTHER DEVELOPMENTS
  • TABLE 117 AFC ENERGY: BUSINESS OVERVIEW
  • TABLE 118 AFC ENERGY: PRODUCTS OFFERED
  • TABLE 119 AFC ENERGY: PRODUCT LAUNCHES
  • TABLE 120 AFC ENERGY: DEALS
  • TABLE 121 AFC ENERGY: EXPANSIONS
  • TABLE 122 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
  • TABLE 123 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
  • TABLE 124 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
  • TABLE 125 PROTON MOTOR FUEL CELL GMBH: COMPANY OVERVIEW
  • TABLE 126 PROTON MOTOR FUEL CELL GMBH: PRODUCTS OFFERED
  • TABLE 127 PROTON MOTOR FUEL CELL GMBH: PRODUCT LAUNCHES
  • TABLE 128 PROTON MOTOR FUEL CELL GMBH: DEALS
  • TABLE 129 PROTON MOTOR FUEL CELL GMBH: OTHER DEVELOPMENTS
  • TABLE 130 PANASONIC CORPORATION: COMPANY OVERVIEW
  • TABLE 131 PANASONIC CORPORATION: PRODUCTS OFFERED
  • TABLE 132 PANASONIC CORPORATION: PRODUCT LAUNCHES
  • TABLE 133 PANASONIC CORPORATION: DEALS
  • TABLE 134 PANASONIC CORPORATION: EXPANSIONS
  • TABLE 135 EODEV: BUSINESS OVERVIEW
  • TABLE 136 EODEV: PRODUCTS OFFERED
  • TABLE 137 EODEV: DEALS
  • TABLE 138 EODEV: EXPANSIONS
  • TABLE 139 EODEV: OTHER DEVELOPMENTS
  • TABLE 140 GENCELL LTD.: COMPANY OVERVIEW
  • TABLE 141 GENCELL LTD.: PRODUCTS OFFERED
  • TABLE 142 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 143 POWERUP ENERGY TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 144 HORIZON FUEL CELL TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 145 UPSTART POWER: COMPANY OVERVIEW
  • TABLE 146 FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG: COMPANY OVERVIEW
  • TABLE 147 BOC LIMITED: COMPANY OVERVIEW
  • TABLE 148 H2SYS: COMPANY OVERVIEW
  • TABLE 149 GREENAMP TECHNOS (OPC) PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 150 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW

List of Figures

  • FIGURE 1 FUEL CELL GENERATOR MARKET SEGMENTATION
  • FIGURE 2 STUDY YEARS CONSIDERED
  • FIGURE 3 FUEL CELL GENERATOR MARKET: RESEARCH DESIGN
  • FIGURE 4 DATA TRIANGULATION METHODOLOGY
  • FIGURE 5 KEY DATA FROM SECONDARY SOURCES
  • FIGURE 6 KEY INSIGHTS FROM PRIMARY SOURCES
  • FIGURE 7 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION, AND REGION
  • FIGURE 8 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF FUEL CELL GENERATORS
  • FIGURE 9 FUEL CELL GENERATOR MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 10 FUEL CELL GENERATOR MARKET: MARKET SHARE ANALYSIS, 2024
  • FIGURE 11 NORTH AMERICA HELD LARGEST SHARE OF FUEL CELL GENERATOR MARKET IN 2024
  • FIGURE 12 DATA CENTERS TO DOMINATE FUEL CELL GENERATOR MARKET DURING FORECAST PERIOD
  • FIGURE 13 HYDROGEN FUEL CELL TO ACCOUNT FOR DOMINANT SHARE OF FUEL CELL GENERATOR MARKET IN 2030
  • FIGURE 14 SMALL-SCALE (UP TO 200 KW) GENERATORS TO LEAD FUEL CELL GENERATOR MARKET THROUGH 2030
  • FIGURE 15 RISE IN DEMAND FOR CLEAN POWER GENERATION TO BOOST ADOPTION OF FUEL CELL GENERATORS BY ENVIRONMENTALLY CONSCIOUS INDUSTRIES
  • FIGURE 16 EUROPEAN FUEL CELL GENERATOR MARKET TO EXPERIENCE HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 17 DATA CENTERS TO ACCOUNT FOR LARGEST MARKET SHARE AMONG END USERS OF FUEL CELL GENERATORS IN 2030
  • FIGURE 18 HYDROGEN FUEL CELL GENERATORS TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2030
  • FIGURE 19 SMALL SCALE (UP TO 200 KW) TO ACCOUNT FOR LARGER MARKET SHARE IN 2030
  • FIGURE 20 FUEL CELL GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 21 CO2 EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, GT CO2 (2000-2022)
  • FIGURE 22 GLOBAL INVESTMENT IN CLEAN ENERGY, 2018-2025 (USD BILLION)
  • FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 24 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 25 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 26 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 27 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 28 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 29 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 30 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 31 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 32 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 33 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 34 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 35 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 36 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 37 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 38 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 39 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 40 100 KW PEM BOP COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 41 100 KW PEM BOP COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 42 100 KW PEM BOP COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 43 100 KW PEM BOP COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 44 250 KW PEM BOP COST SUMMARY BREAKUP, 2024 (100 STACKS/YEAR)
  • FIGURE 45 250 KW PEM BOP COST SUMMARY BREAKUP, 2024 (1,000 STACKS/YEAR)
  • FIGURE 46 250 KW PEM BOP COST SUMMARY BREAKUP, 2024 (10,000 STACKS/YEAR)
  • FIGURE 47 250 KW PEM BOP COST SUMMARY BREAKUP, 2024 (50,000 STACKS/YEAR)
  • FIGURE 48 SUPPLY CHAIN ANALYSIS
  • FIGURE 49 FUEL CELL GENERATOR MARKET ECOSYSTEM
  • FIGURE 50 PATENT APPLIED AND GRANTED, 2014-2024
  • FIGURE 51 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2022-2024 (USD THOUSAND)
  • FIGURE 52 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2022-2024
  • FIGURE 53 PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 54 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR VARIOUS GENERATOR SIZES
  • FIGURE 55 KEY BUYING CRITERIA FOR VARIOUS GENERATOR SIZES
  • FIGURE 56 IMPACT OF AI/GEN AI ON FUEL CELL GENERATOR SUPPLY CHAIN, BY REGION
  • FIGURE 57 FUEL CELL GENERATOR MARKET, BY SIZE, 2025
  • FIGURE 58 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2024
  • FIGURE 59 FUEL CELL GENERATOR MARKET, BY END USER, 2024
  • FIGURE 60 EUROPE TO BE FASTEST-GROWING MARKET FOR FUEL CELL GENERATORS DURING FORECAST PERIOD
  • FIGURE 61 ASIA PACIFIC: FUEL CELL GENERATOR MARKET SNAPSHOT
  • FIGURE 62 NORTH AMERICA: FUEL CELL GENERATOR MARKET SNAPSHOT
  • FIGURE 63 FUEL CELL GENERATOR MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020-2024 (USD BILLION)
  • FIGURE 64 FUEL CELL GENERATOR MARKET SHARE ANALYSIS, 2024
  • FIGURE 65 COMPANY VALUATION, 2024 (USD MILLION)
  • FIGURE 66 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS, 2024
  • FIGURE 67 BRAND/PRODUCT COMPARISON
  • FIGURE 68 FUEL CELL GENERATOR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
  • FIGURE 69 FUEL CELL GENERATOR MARKET: COMPANY FOOTPRINT, 2024
  • FIGURE 70 FUEL CELL GENERATOR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
  • FIGURE 71 BLOOM ENERGY: COMPANY SNAPSHOT
  • FIGURE 72 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 73 POWERCELL SWEDEN AB: COMPANY SNAPSHOT
  • FIGURE 74 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT
  • FIGURE 75 PLUG POWER INC.: COMPANY SNAPSHOT
  • FIGURE 76 ABB: COMPANY SNAPSHOT
  • FIGURE 77 SIEMENS ENERGY: COMPANY SNAPSHOT
  • FIGURE 78 CUMMINS INC.: COMPANY SNAPSHOT
  • FIGURE 79 AFC ENERGY: COMPANY SNAPSHOT
  • FIGURE 80 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 81 PANASONIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 82 GENCELL LTD.: COMPANY SNAPSHOT