Global hydrogen fuel cell market to reach $13.1 billion by 2031, research finds
In Massachusetts, BBC Research reported that the global hydrogen fuel cell market is projected to grow from $5.4 billion in 2025 to $13.1 billion by 2031, at a compound annual growth rate (CAGR) of 17.3% over the forecast period 2026–2031.
BCC Research identifies surging data center energy requirements, accelerating decarbonization mandates, and expanding hydrogen infrastructure as the primary structural forces reshaping this market.
Asia-Pacific is the dominant region, commanding a 52.3% share of the global market, underpinned by China’s state-backed hydrogen refueling infrastructure buildout, Japan and South Korea’s national hydrogen roadmaps, and India’s emerging green hydrogen policy framework — collectively creating the world’s most integrated hydrogen deployment ecosystem, according to the report.
Category: Hydrogen
