Hydrogen Fuel Cell market to reach nearly $57bn by 2023

Posted on 14 Jan 2015 by Tim Brown

The global hydrogen fuel cell market continued to accelerate in 2013 and 2014 and the market is likely to reach $57bn (£37bn) annually by 2023, according to a new report from Navigant Research.

Rising demand in portable and transportation hydrogen fuel cell applications as well as stationary uses, such as utility-scale use in industrial and commercial buildings and residential power, drove the increase. “Right now, the stationary sector of the fuel cell market is where we’re seeing the most interest,” says Lisa Jerram, principal research analyst with Navigant…

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