Hydrogen and Fuel Cells on Global Market a total value of 674.46 M USD in 2012
Thursday, 20 Sep, 2018

According to the database of GIR, the global Hydrogen and Fuel Cells markets has a total value of 674.46 M USD back in 2012, and increased to 1309.81 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Hydrogen and Fuel Cells market can be 2613.75 M USD by 2022.The CAGR of Hydrogen and Fuel Cells is 14.82% from 2017 to 2022.

North America was the largest consumption market with a market share of 56.55% in 2012 and 60.27% in 2016 with an increase of 3.72%. Japan ranked the second place with the market share of 15.51% in 2016.

Nowadays, the top three companies make up more than 30.76% market share of the Hydrogen and Fuel Cells market in 2016, and the world's large enterprises are mainly concentrated in North America and Japan. The top three manufacturers are Fuel Cell Energy, Panasonic and Plug Power. They respectively with global production market share as 10.88%, 10.02%, and 9.86% in 2016.