FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 836
Companies: 51 – Players covered include Airbus Americas, Inc.; Ballard Power Systems, Inc.; Boeing Company, The; Delphi Technologies; EnergyOR Technologies, Inc.; Hydrogenics Corporation; Nuvera Fuel Cells LLC; SerEnergy A/S and Others.
Coverage: All major geographies and key segments
Segments: Fuel Cell Type (Hydrogen Fuel Cell, Gasoline Fuel Cell, Other Fuel Cell Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Aircraft Fuel Cells Market to Reach $513 Million by 2026
Amid the COVID-19 crisis, the global market for Aircraft Fuel Cells estimated at US$380.1 Million in the year 2020, is projected to reach a revised size of US$513 Million by 2026, growing at a CAGR of 4.9% over the analysis period. Hydrogen Fuel Cell, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$297.7 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gasoline Fuel Cell segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $109.1 Million in 2021, While China is Forecast to Reach $103.8 Million by 2026
The Aircraft Fuel Cells market in the U.S. is estimated at US$109.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$103.8 Million by the year 2026 trailing a CAGR of 7.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Gasoline Fuel Cell Segment to Reach $90 Million by 2026
In the global Gasoline Fuel Cell segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$56.1 Million in the year 2020 will reach a projected size of US$67.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.7 Million by the year 2026, while Latin America will expand at a 3.9% CAGR through the analysis period. More
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