Fuel Cell Market Outlook:
Fuel Cell Market size was over USD 9.5 billion in 2025 and is anticipated to cross USD 78.41 billion by 2035, growing at more than 23.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of fuel cell is estimated at USD 11.51 billion.
The market growth is driven by increasing use of hydrogen energy in the world. Fuel cells use hydrogen as a byproduct to stop the discharge of dangerous substances. Using hydrogen results in only two by-products, heat and water, which lessen combustion reactions and environmental damage. In 2021, the world's demand for hydrogen increased by 5% to 94 Mt, primarily owing to increased activity in the chemical and refining industries.
In addition, the market revenue is propelled by need to reduce the use of fossil fuels and greenhouse gas emissions. Fuel cells use hydrogen and eradicate the chances of emission of carbon, as the final by products are water and heat. The activities in various industries contributed significantly to increasing the greenhouse gas levels in the atmosphere. According to the United States Environmental Protection Agency, the second-largest portion of greenhouse gas emissions is caused by electricity. Our use of fossil fuels, primarily coal and natural gas, accounts for about 60% of our electricity.
