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 |
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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.
