Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Fuel Cell Generator Market Value To Be USD 1,199 Million By 2030

Urja Daily by Urja Daily
February 8, 2023
in Market Research
Reading Time: 3 mins read
0
Fuel Cell Generator
Share on FacebookShare on TwitterShare on Linkedin

In 2022, the fuel cell generator market was worth around USD 330 million, and it is projected to advance at a 17.50% CAGR from 2022 to 2030, hitting USD 1,199 million in 2030, as per P&S Intelligence.

This development can be ascribed to several reasons, including the burgeoning need for the minimalization of CO2 emissions, easy availability of fuel cell generators, and demand for the renewable generation of energy.

RELATED POSTS

Key Growth Drivers of the U.S. Charging-as-a-Service Market

Top 5 Emerging Opportunities in the LDPE Market

Variants that Use Hydrogen Are Highest Revenue Contributors

Hydrogen fuel cell generators have the largest market share, of approximately 55%, mainly because they do not release any damaging gases. This, in turn, removes the prices associated with deploying a dedicated CCUS system. Moreover, these generators are dependable and offer 40–60% output efficiency and scalability.

Numerous nations are targeting to decrease their overall releases of CO2 to zero by 2050. This is because governments’ focus has amplified on making a decarbonized future over the past few years. To accomplish this aim, the introduction of renewable sources, including solar, biomass, hydro, wind, and geothermal, is vital.

However, the production of electricity from the sun and wind has a few drawbacks, the biggest of which is the output disparities, as these technologies are reliant on weather conditions.

Fuel Cell Generator Usage in Aquaculture To Grow at Highest Rate 

Aquaculture will be the fastest-growing end user, witnessing a CAGR of approximately 19.2%, credited to the increasing aquaculture activities and strong ecological impact ascribed to it due to the high-volume consumption of electricity and water.

Thus, to lessen the environmental effects, governments have taken numerous steps for utilizing fuel-cell-based generators as an alternative to diesel generators.

As per the estimates of the NOAA, the aquaculture sector in the U.S. generates USD 1.5 billion every year and supports 1.7 million people engaged in fisheries.

North America Is Leading the Way in Fuel Cell Generator Usage 

North America is dominating the industry, and it is projected to continue with the dominance throughout the decade. This can be ascribed to the acceptance of clean sources for generating heat and electricity.

In North America, the U.S. is leading the market, and it will develop with a CAGR of 18.1%, credited to the solid economic support of the government and the private sector.

The growth in the usage of renewable sources and snowballing electricity needs from the aquaculture and data centers industries are the major factors that will boost the industry in the future.

Fuel Cell Generator Market Report Coverage

By Type

  • Hydrogen Fuel Cell Generators
  • Methanol Fuel Cell Generators

By End User

  • Marine
  • Construction
  • Mining
  • Agriculture
  • Aquaculture
  • Data Centers
  • Emergency response generators

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • U.A.E.

 

Tags: Fuel Cell GeneratorP&S Intelligence
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

EV Adoption Accelerates

Key Growth Drivers of the U.S. Charging-as-a-Service Market

by Palak
June 27, 2025
0

The rapid transition towards clean energy and sustainable mobility has placed electric vehicles (EVs) at the forefront of the transportation...

LDPE Market

Top 5 Emerging Opportunities in the LDPE Market

by Palak
June 25, 2025
0

The Low Density Polyethylene Market is witnessing a significant surge in demand across multiple sectors. From flexible packaging to agriculture and...

E-bike

E-bike Market Trends 2025: What Every Investor and Manufacturer Needs to Know

by Palak
June 19, 2025
0

As the world shifts toward sustainable transportation, the electric bike or e-bike industry is gaining remarkable momentum. Investors and manufacturers...

Automotive HMI Market

Top 7 Trends Shaping the Automotive HMI Market in 2025

by Palak
June 17, 2025
0

The Automotive Human Machine Interface (HMI) Market is undergoing a transformative shift as vehicles become more intelligent, connected, and user-centric. In...

Bauxite Market

Top Bauxite Producing Countries and the Factors Driving Their Dominance

by Palak
June 16, 2025
0

The Bauxite Market in Focus The Bauxite Market is witnessing a strong upward trend, supported by the rising demand for aluminum in...

Next Post

Arctech Empowers The Energy Independence of Lithuania

Frost And Sullivan Floating Solar

Floating Solar Addresses Growing Land Scarcity Issues

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved