According to a market report by Lucintel, the future of the global hydrogen fuel battery market looks promising with opportunities in the automotive and aerospace markets. The global hydrogen fuel battery market is expected to grow with a CAGR of 20.5% from 2025 to 2031. The major drivers for this market are the growing demand for clean energy solutions, the increasing investment in hydrogen infrastructure, and the rising need for energy storage systems.
A more than 150-page report to understand trends, opportunity and forecast in hydrogen fuel battery market to 2031 by type (air-cooled and water-cooled), application (automotive, aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, water-cooled is expected to witness higher growth over the forecast period due to the rising demand for efficient cooling solutions.
Within the application category, automotive is expected to witness higher growth due to the growing adoption of hydrogen-powered vehicles.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Ballard Power, Toshiba, PLUG Power, Fuelcell Energy, Hydrogenics, Doosan Fuel Cell, Horizon, Intelligent Energy, Hyster-Yale Group, Nedstack are the major suppliers in the hydrogen fuel battery market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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