Posted 12/14/2023, 10:30:00 AM
Fuel Cell Market Growth Driven by Transportation and Power Generation Demand in Asia Pacific
- Fuel Cell Market projected to reach $8.7 billion by 2028, with a 21.7% CAGR from 2023-2028
- Asia Pacific expected to be the largest fuel cell market
- Transportation industry driving demand due to fuel cells' environmental benefits
- Solid oxide fuel cells forecast to see the highest growth rate by type
- Recent developments include new marine and offshore fuel cell systems and large European stationary power orders