Join date: Jun 24, 2021


The global fuel cells market size is projected to reach USD 848 million by 2025 from an estimated value of USD 263 million in 2020, growing at a CAGR of 26.4% during the forecast period. The market has been analysed with key focus on advancements in fuel cell technologies such as PEMFC, PAFC, AFC, and MFC. The growth is attributed to the rising demand for clean energy generation in developed regions, increased use of fuel cell-based vehicles, booming power sector, and augmented power generation capacities globally.