Market Size of France Fuel Cell Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Fuel Cell Market Analysis
The French fuel cell market is expected to register a CAGR of over 10% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, increasing hydrogen filling stations and rising demand for fuel cell electric vehicles (FCEVs) are expected to drive the growth of the market in the future.
- On the other hand, less number of refuel stations compared to vehicle production due to the supply-demand gap is expected to hamper the growth of the French fuel cell market during the forecast period.
- The European Union plans to significantly reduce GHG emissions from the transportation sector. As a result, the French government is implementing innovative technologies, such as fuel cells (primarily PEMFC), to meet these objectives, thus creating lucrative growth opportunities for the market during the forecast period.
France Fuel Cell Industry Segmentation
A fuel cell uses the chemical energy of hydrogen or other fuels to cleanly and efficiently produce electricity. Fuel cells are unique in terms of their potential applications, can be used in a wide range of fuels and feedstocks, and provide power for systems as large as a utility power station and as small as a laptop computer.
The French fuel cell market is segmented by application and fuel cell technology. By application, the market is segmented into portable, stationary, and transportation. By fuel cell technology, the market is segmented into polymer electrolyte membrane fuel cell (PEMFC), solid oxide fuel cell (SOFC), and other fuel cell technologies. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
| Application | |
| Portable | |
| Stationary | |
| Transport |
| Fuel Cell Technology | |
| Polymer Electrolyte Membrane Fuel Cell (PEMFC) | |
| Solid Oxide Fuel Cell (SOFC) | |
| Other Fuel Cell Technologies |
France Fuel Cell Market Size Summary
The French fuel cell market is poised for significant growth, driven by increasing hydrogen infrastructure and a rising demand for fuel cell electric vehicles (FCEVs). The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels. The French government's commitment to reducing greenhouse gas emissions, in line with European Union objectives, is fostering the adoption of fuel cell technologies, particularly proton exchange membrane fuel cells (PEMFC). This regulatory support, coupled with initiatives like the Mobility Orientation Law, aims to decarbonize transportation by phasing out CO2-emitting vehicles and promoting zero-emission alternatives. However, the market faces challenges such as a supply-demand gap in refueling stations compared to vehicle production, which could impede growth.
The transportation sector, a major contributor to the market, is expected to maintain its dominance as the French government emphasizes clean energy solutions. The market is further bolstered by private sector investments and collaborations, such as the joint ventures between Renault SA and Plug Power Inc., and the expansion of hydrogen-powered public transport systems. The government's Plan Hydrogène, with substantial investments in hydrogen and fuel cell technology, aims to significantly increase the number of hydrogen filling stations, enhancing the viability of fuel cell vehicles. Despite being moderately fragmented, the market features key players like Ballard Power System Inc., Toshiba Fuel Cell Power System Corporation, and others, who are actively involved in advancing fuel cell technology and infrastructure in France.
France Fuel Cell Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Portable
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2.1.2 Stationary
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2.1.3 Transport
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2.2 Fuel Cell Technology
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2.2.1 Polymer Electrolyte Membrane Fuel Cell (PEMFC)
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2.2.2 Solid Oxide Fuel Cell (SOFC)
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2.2.3 Other Fuel Cell Technologies
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France Fuel Cell Market Size FAQs
What is the current France Fuel Cell Market size?
The France Fuel Cell Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in France Fuel Cell Market?
Ballard Power System Inc., Fuelcell Energy Inc. , Powercell Sweden AB. , Plug Power Inc. and Symbio Fcell SA are the major companies operating in the France Fuel Cell Market.
