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France Fuel Cell Market Size, Industry & Opportunities 2031

France Fuel Cell Market

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Segments - by Applications (Portable, Stationary, and Transport), Fuel Cell Technology (Polymer Electrolyte Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC), and Others), and Country - France Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The France Fuel Cell Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 10% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing demand and expanding production capacities of hydrogen fuel cell vehicles.

Fuel cells are the cells that create power through a system that doesn't include combustion. These cells change the chemical energy in a hydrogen-rich fuel to power through an electrolytic process. This means fuel cells produce relatively fewer contaminations compared to conventional, combustion-based power generation technologies. Further, they are fuel adaptable, highly proficient, and operate at low noise levels. They fill in as an efficient option to traditional power generation technologies, offering further reliability and environmental advantages.

The government of France revealed a new plan for the deployment of renewable, decarbonized hydrogen energy in the country in June 2018. The government plans to increment 100 hydrogen filling stations by 2023. By 2028, the number is expected to increment between 400 and 1000 hydrogen filling stations.

The European Union is designed to essentially reduce GHG emissions from the transportation area. Subsequently, the government has recognized the implementation of innovative technologies, such as fuel cells (primarily PEMFC), as a way to meet these objectives. This, in turn, is expected to provide a significant opportunity for the fuel cell manufacturers involved in the market in the near future.

Market Trends, Drivers, Restraints, and Opportunities

Growing demand for fuel cell electric vehicles is estimated to accelerate the growth of the market.
Rising demand for fuel cell cars and fuel cell-powered forklifts is one of the key factors fueling the market growth.
Growing investment in research related to the utilization of fuel cells for power generation is estimated to drive the market growth.
Increasing applications of fuel cells in the transport sector such as in cars and buses, is one of the major factors driving the market growth.
Limited infrastructure of hydrogen fueling can restrain the growth of the market.
R&D activities focused on the development of and advances in automotive fuel cell powered vehicles is expected to create lucrative opportunity for the France fuel cell market.

Scope of Fuel Cell Market Report

The report on the France fuel cell market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Fuel Cell Market - France Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Portable, Stationary, and Transport) and Fuel Cell Technology (Polymer Electrolyte Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC), and Others)
Country Scope	France
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Fuelcell Energy Inc; Ballard Power System Inc; Toshiba Fuel Cell Power System Corporation,; Powercell Sweden AB, ; and Plug Power Inc.

France Fuel Cell Market Segment Insights

Transports segment is expected to grow at a robust pace

Based on applications, the market is segregated into portable, stationary, and transport. The transport segment anticipated to account for a significant market share during the forecast period. The main factors driving the widespread usage of fuel cell technology in heavy-duty operations such as public transport in France is expanding the market segment. The government is focusing on clean energy usage in the transportation sector, which, in turn, is creating a significant demand for fuel cell technologies.

Solid oxide fuel cell (SOFC) segment is projected to expand at a considerable CAGR

Based on fuel cell technology, the market is segregated into polymer electrolyte membrane fuel cell (PEMFC), solid oxide fuel cell (SOFC), and others. The solid oxide fuel cell (SOFC) segment is projected to expand at a considerable CAGR during the forecast period due to high operational efficiency and increased demand for clean energy generation.

Segments

The France fuel cell market has been segmented on the basis of

Applications

Portable
Stationary
Transport

Fuel Cell Technology

Polymer Electrolyte Membrane Fuel Cell (PEMFC)
Solid Oxide Fuel Cell (SOFC)
Others

Country

France

Key Players

Fuelcell Energy Inc.
Plug Power Inc.
Symbio Fcell SA
Ballard Power System Inc.
Powercell Sweden AB.

Competitive Landscape

Key players competing in the France fuel cell market are Fuelcell Energy Inc; Ballard Power System Inc; Toshiba Fuel Cell Power System Corporation; Powercell Sweden AB; and Plug Power Inc.

In November 2018, Panasonic decided to commercialize the hydrogen fuel cell generator in order to accelerate initiatives to achieve a sustainable society by utilizing hydrogen energy. This trend will be adopted by a lot of organizations, and further drive the fuel cell market and hydrogen market as well.
In December 2018, Hydrogenics Corporation was granted an agreement for the plan and supply of fuel cell power modules for another lightweight aircraft. This is expected to create a prominent position the organization in the aircraft fuel cells segment.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fuel Cell Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fuel Cell Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fuel Cell Market - Supply Chain
  4.5. Global Fuel Cell Market Forecast
     4.5.1. Fuel Cell Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fuel Cell Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Fuel Cell Market Absolute $ Opportunity
5. Global Fuel Cell Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Fuel Cell Market Size and Volume Forecast by Applications
     5.3.1. Portable
     5.3.2. Stationary
     5.3.3. Transport
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Fuel Cell Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Fuel Cell Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Fuel Cell Demand Share Forecast, 2019-2026
7. North America Fuel Cell Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Fuel Cell Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Fuel Cell Market Size and Volume Forecast by Applications
     7.4.1. Portable
     7.4.2. Stationary
     7.4.3. Transport
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Fuel Cell Demand Share Forecast, 2019-2026
8. Latin America Fuel Cell Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Fuel Cell Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Fuel Cell Market Size and Volume Forecast by Applications
     8.4.1. Portable
     8.4.2. Stationary
     8.4.3. Transport
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Fuel Cell Demand Share Forecast, 2019-2026
9. Europe Fuel Cell Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Fuel Cell Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Fuel Cell Market Size and Volume Forecast by Applications
     9.4.1. Portable
     9.4.2. Stationary
     9.4.3. Transport
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Fuel Cell Demand Share Forecast, 2019-2026
10. Asia Pacific Fuel Cell Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Fuel Cell Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Fuel Cell Market Size and Volume Forecast by Applications
     10.4.1. Portable
     10.4.2. Stationary
     10.4.3. Transport
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Fuel Cell Demand Share Forecast, 2019-2026
11. Middle East & Africa Fuel Cell Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Fuel Cell Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Fuel Cell Market Size and Volume Forecast by Applications
     11.4.1. Portable
     11.4.2. Stationary
     11.4.3. Transport
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Fuel Cell Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Fuel Cell Market: Market Share Analysis
  12.2. Fuel Cell Distributors and Customers
  12.3. Fuel Cell Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Fuelcell Energy Inc.
     12.4.2. Plug Power Inc.
     12.4.3. Symbio Fcell SA
     12.4.4. Ballard Power System Inc.
     12.4.5. Powercell Sweden AB

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