Fuel cell market intelligence
Technologies, manufacturers, deployments, and the hydrogen-to-power value chain.
Fuel cells convert hydrogen (or other fuels) directly into electricity through an electrochemical reaction, producing only water and heat as by-products. They offer higher efficiency than combustion engines, zero local emissions, quiet operation, and the ability to scale from portable devices to multi-megawatt stationary power systems.
The fuel cell market spans multiple technology types — proton exchange membrane (PEMFC), solid oxide (SOFC), molten carbonate (MCFC), phosphoric acid (PAFC), and direct methanol (DMFC) — each suited to different applications. PEMFCs dominate transport (automotive, buses, trucks, forklifts), while SOFCs and MCFCs serve stationary power and industrial combined heat and power. The technology choice determines operating temperature, fuel flexibility, efficiency, lifetime, and cost structure.
Key market dynamics include the expansion of fuel cell electric vehicle (FCEV) programs (particularly heavy-duty trucks and buses), the growth of stationary fuel cell power for data centers and critical infrastructure, increasing deployment of fuel cell forklifts in warehousing, and emerging applications in maritime, rail, and aviation. China, South Korea, Japan, and the United States lead fuel cell deployment, with Europe accelerating through hydrogen mobility corridors and the Clean Hydrogen Partnership.
Delphidata tracks fuel cell manufacturers and their technology portfolios, deployment projects across all application segments, automotive OEM fuel cell programs, stationary power installations, the MEA and catalyst supply chain, stack manufacturing capacity expansions, and the policy incentives shaping fuel cell adoption across regions.
What Delphidata tracks.
Structured data across the full value chain.
Manufacturers and technology portfolios
Fuel cell stack and system manufacturers — Ballard Power, Plug Power, Bloom Energy, Ceres Power, Hyzon Motors, Toyota, Hyundai, Bosch, Cummins, and others — mapped with technology type (PEMFC, SOFC, MCFC), stack power rating, manufacturing capacity, production volume, and facility locations.
Deployment projects
Fuel cell installations across transport (FCEV fleets, bus programs, truck deployments, rail, maritime), stationary power (data centers, microgrids, industrial CHP), and portable/specialty applications. Tracked with system capacity, fuel cell supplier, end customer, operational status, and performance data.
Automotive OEM programs
Passenger car FCEV models (Toyota Mirai, Hyundai NEXO, BMW iX5), heavy-duty truck programs (Hyundai XCIENT, Daimler GenH2, Nikola), bus fleets, and forklift deployments. Tracking production volumes, fleet orders, range and refueling specifications, and manufacturer investment commitments.
Supply chain and components
Membrane electrode assemblies (MEA), catalysts (platinum loading and recycling), gas diffusion layers, bipolar plates, balance-of-plant components, and hydrogen storage systems. Connected to the manufacturers and projects each supplier serves.
Hydrogen refueling infrastructure
Hydrogen refueling station (HRS) networks supporting fuel cell vehicle deployments. Station locations, capacity, pressure ratings (350/700 bar), operator, utilization data, and expansion plans across key markets.
Who uses this intelligence.
Fuel cell manufacturers
Monitor competitor product development and manufacturing capacity, track deployment pipelines by application segment, identify high-growth market segments, and benchmark technology performance and cost trajectories.
Automotive OEMs and fleet operators
Evaluate fuel cell technology options for vehicle programs, track refueling infrastructure development along key routes, monitor competitor FCEV launch timelines, and assess total cost of ownership versus battery electric alternatives.
Investors and financial institutions
Screen fuel cell companies by technology maturity, order backlog, manufacturing scale-up trajectory, and market positioning. Assess the competitive dynamics between fuel cell and battery electric approaches across application segments.
Utilities and power developers
Evaluate stationary fuel cell solutions for distributed power generation, data center backup, and industrial CHP applications. Compare fuel cell economics with alternative generation technologies across different use cases.