U.S. Fuel Cells In Aerospace And Defense Market Size & Outlook
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U.S. fuel cells in aerospace and defense market highlights
- The U.S. fuel cells in aerospace and defense market generated a revenue of USD 158.6 million in 2024 and is expected to reach USD 352.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.3% from 2025 to 2030.
- In terms of segment, pemfc was the largest revenue generating product in 2024.
- SOFC is the most lucrative product segment registering the fastest growth during the forecast period.
Fuel cells in aerospace and defense market data book summary
| Market revenue in 2024 | USD 158.6 million |
| Market revenue in 2030 | USD 352.7 million |
| Growth rate | 11.3% (CAGR from 2025 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | SOFC |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | SOFC, PEMFC |
| Key market players worldwide | Advent Technologies Holdings Inc Ordinary Shares - Class A, Australian Fuel Cells, Cummins Inc, ElringKlinger AG, GenCell, Honeywell International Inc, Infinity Fuel Cell & Hydrogen, Intelligent Energy, Loop Energy, Plug Power Inc |
Other key industry trends
- In terms of revenue, U.S. accounted for 35.6% of the global fuel cells in aerospace and defense market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. fuel cells in aerospace and defense market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 83.6 million by 2030.
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Fuel Cells In Aerospace And Defense Market Scope
Fuel Cells In Aerospace And Defense Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Loop Energy | View profile | 11-50 | Burnaby, British Columbia, Canada, North America | http://loopenergy.com/ |
| Infinity Fuel Cell & Hydrogen | View profile | - | Windsor, Connecticut, United States, North America | https://infinityfuel.com/ |
| GenCell | View profile | 101-250 | Petah Tiqva, HaMerkaz, Israel, Asia | http://www.gencellenergy.com/en/ |
| Australian Fuel Cells | View profile | 11-50 | Gold Coast, Queensland, Australia, Oceania | https://www.australianfuelcells.com.au |
| Advent Technologies Holdings Inc Ordinary Shares - Class A | View profile | 175 | 500 Rutherford Avenue, Suite 102, Boston, MA, United States, 02129 | https://www.advent.energy |
| Intelligent Energy | View profile | 501-1000 | Loughborough, Leicestershire, United Kingdom, Europe | http://www.intelligent-energy.com |
| ElringKlinger AG | View profile | 9606 | Max-Eyth-Strasse 2, Dettingen an der Erms, Germany, 72581 | https://www.elringklinger.com |
| Plug Power Inc | View profile | 3868 | 968 Albany Shaker Road, Latham, NY, United States, 12110 | https://www.plugpower.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
U.S. fuel cells in aerospace and defense market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fuel cells in aerospace and defense market will help companies and investors design strategic landscapes.
Pemfc was the largest segment with a revenue share of 112.11% in 2024. Horizon Databook has segmented the U.S. fuel cells in aerospace and defense market based on sofc, pemfc covering the revenue growth of each sub-segment from 2018 to 2030.
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U.S. fuel cells in aerospace and defense market size, by product, 2018-2030 (US$M)
U.S. Fuel Cells In Aerospace And Defense Market Outlook Share, 2024 & 2030 (US$M)
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