Key fuel cell market participants in North America include
Cummins Inc
Ballard Power Systems
PLUG POWER Inc
NUVERA FUEL CELLS
Bloom Energy
Doosan Fuel Cell
Siemens Energy
SFC Energy AG
TOSHIBA CORPORATION
Aris Renewable Energy
Altergy
AFC Energy
Fuel Cell Energy
Fuji Electric
GenCell Ltd.
poscoenergy
Authors:
Ankit Gupta, Srishti Agarwal
Frequently Asked Questions (FAQ) :
The market size of fuel cell in North America is predicted to cross $1.42 billion by 2032 and may record a CAGR of over 9% from 2024 to 2032.
The DMFC segment is likely to grow at more than 12% growth rate through 2030 owing to various benefits such as low operating temperature, improved energy density, and simple storage of methanol fuel.
Portable fuel cells are anticipated to observe over 6% CAGR in North America industry through 2030 as the region is witnessing a strong rise in its overall electricity consumption and these fuel cells can offer a continuous power supply for long hours.
Reputed organizations, such as PLUG POWER Inc, Ballard Power Systems, Cummins Inc, NUVERA FUEL CELLS, Doosan Fuel Cell, Bloom Energy, and Siemens Energy, among many others, are strengthening the regional market.