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Global Air Cooled PEM Fuel Cell Stacks Market Research Report 2025
Published Date: May 2025
|
Report Code: QYRE-Auto-17Q15726
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Global Air Cooled PEM Fuel Cell Stacks Market Research Report 2025

Code: QYRE-Auto-17Q15726
Report
May 2025
Pages:91
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Air Cooled PEM Fuel Cell Stacks Market

The global market for Air Cooled PEM Fuel Cell Stacks was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
North American market for Air Cooled PEM Fuel Cell Stacks is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Air Cooled PEM Fuel Cell Stacks is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Air Cooled PEM Fuel Cell Stacks include Ballard, Terralix, Horizon Fuel Cell Technologies, Aerospace Hydrogen Energy (Shanghai), Jiangsu Horizon New Energy Technologies, Sinosynergy, TIANNENG BATTERY GROUP, Zhejiang Nekson Power Technology, Jiangsu GPTFC System, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Air Cooled PEM Fuel Cell Stacks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Air Cooled PEM Fuel Cell Stacks.
The Air Cooled PEM Fuel Cell Stacks market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Air Cooled PEM Fuel Cell Stacks market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Air Cooled PEM Fuel Cell Stacks manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Air Cooled PEM Fuel Cell Stacks Market Report

Report Metric Details
Report Name Air Cooled PEM Fuel Cell Stacks Market
by Type
  • <1kW
  • 1-3kW
  • 3-5kW
  • >5kW
by Application
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Ballard, Terralix, Horizon Fuel Cell Technologies, Aerospace Hydrogen Energy (Shanghai), Jiangsu Horizon New Energy Technologies, Sinosynergy, TIANNENG BATTERY GROUP, Zhejiang Nekson Power Technology, Jiangsu GPTFC System
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Air Cooled PEM Fuel Cell Stacks manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Air Cooled PEM Fuel Cell Stacks by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Air Cooled PEM Fuel Cell Stacks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Air Cooled PEM Fuel Cell Stacks Market report?

Ans: The main players in the Air Cooled PEM Fuel Cell Stacks Market are Ballard, Terralix, Horizon Fuel Cell Technologies, Aerospace Hydrogen Energy (Shanghai), Jiangsu Horizon New Energy Technologies, Sinosynergy, TIANNENG BATTERY GROUP, Zhejiang Nekson Power Technology, Jiangsu GPTFC System

What are the Application segmentation covered in the Air Cooled PEM Fuel Cell Stacks Market report?

Ans: The Applications covered in the Air Cooled PEM Fuel Cell Stacks Market report are Backup Power, Stationary Power Station, Mobile Device, Transportation, Others

What are the Type segmentation covered in the Air Cooled PEM Fuel Cell Stacks Market report?

Ans: The Types covered in the Air Cooled PEM Fuel Cell Stacks Market report are <1kW, 1-3kW, 3-5kW, >5kW

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Fuel Cell Components

1 Air Cooled PEM Fuel Cell Stacks Market Overview
1.1 Product Definition
1.2 Air Cooled PEM Fuel Cell Stacks by Type
1.2.1 Global Air Cooled PEM Fuel Cell Stacks Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 <1kW
1.2.3 1-3kW
1.2.4 3-5kW
1.2.5 >5kW
1.3 Air Cooled PEM Fuel Cell Stacks by Application
1.3.1 Global Air Cooled PEM Fuel Cell Stacks Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Backup Power
1.3.3 Stationary Power Station
1.3.4 Mobile Device
1.3.5 Transportation
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Air Cooled PEM Fuel Cell Stacks Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Air Cooled PEM Fuel Cell Stacks Production Estimates and Forecasts (2020-2031)
1.4.4 Global Air Cooled PEM Fuel Cell Stacks Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Manufacturers (2020-2025)
2.2 Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Air Cooled PEM Fuel Cell Stacks, Industry Ranking, 2023 VS 2024
2.4 Global Air Cooled PEM Fuel Cell Stacks Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Air Cooled PEM Fuel Cell Stacks Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Product Offered and Application
2.8 Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Date of Enter into This Industry
2.9 Air Cooled PEM Fuel Cell Stacks Market Competitive Situation and Trends
2.9.1 Air Cooled PEM Fuel Cell Stacks Market Concentration Rate
2.9.2 Global 5 and 10 Largest Air Cooled PEM Fuel Cell Stacks Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Air Cooled PEM Fuel Cell Stacks Production by Region
3.1 Global Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Air Cooled PEM Fuel Cell Stacks Production Value by Region (2020-2031)
3.2.1 Global Air Cooled PEM Fuel Cell Stacks Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Air Cooled PEM Fuel Cell Stacks by Region (2026-2031)
3.3 Global Air Cooled PEM Fuel Cell Stacks Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Air Cooled PEM Fuel Cell Stacks Production Volume by Region (2020-2031)
3.4.1 Global Air Cooled PEM Fuel Cell Stacks Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Air Cooled PEM Fuel Cell Stacks by Region (2026-2031)
3.5 Global Air Cooled PEM Fuel Cell Stacks Market Price Analysis by Region (2020-2025)
3.6 Global Air Cooled PEM Fuel Cell Stacks Production and Value, Year-over-Year Growth
3.6.1 North America Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Air Cooled PEM Fuel Cell Stacks Production Value Estimates and Forecasts (2020-2031)
4 Air Cooled PEM Fuel Cell Stacks Consumption by Region
4.1 Global Air Cooled PEM Fuel Cell Stacks Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Air Cooled PEM Fuel Cell Stacks Consumption by Region (2020-2031)
4.2.1 Global Air Cooled PEM Fuel Cell Stacks Consumption by Region (2020-2025)
4.2.2 Global Air Cooled PEM Fuel Cell Stacks Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Air Cooled PEM Fuel Cell Stacks Production by Type (2020-2031)
5.1.1 Global Air Cooled PEM Fuel Cell Stacks Production by Type (2020-2025)
5.1.2 Global Air Cooled PEM Fuel Cell Stacks Production by Type (2026-2031)
5.1.3 Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Type (2020-2031)
5.2 Global Air Cooled PEM Fuel Cell Stacks Production Value by Type (2020-2031)
5.2.1 Global Air Cooled PEM Fuel Cell Stacks Production Value by Type (2020-2025)
5.2.2 Global Air Cooled PEM Fuel Cell Stacks Production Value by Type (2026-2031)
5.2.3 Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Type (2020-2031)
5.3 Global Air Cooled PEM Fuel Cell Stacks Price by Type (2020-2031)
6 Segment by Application
6.1 Global Air Cooled PEM Fuel Cell Stacks Production by Application (2020-2031)
6.1.1 Global Air Cooled PEM Fuel Cell Stacks Production by Application (2020-2025)
6.1.2 Global Air Cooled PEM Fuel Cell Stacks Production by Application (2026-2031)
6.1.3 Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Application (2020-2031)
6.2 Global Air Cooled PEM Fuel Cell Stacks Production Value by Application (2020-2031)
6.2.1 Global Air Cooled PEM Fuel Cell Stacks Production Value by Application (2020-2025)
6.2.2 Global Air Cooled PEM Fuel Cell Stacks Production Value by Application (2026-2031)
6.2.3 Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Application (2020-2031)
6.3 Global Air Cooled PEM Fuel Cell Stacks Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Ballard
7.1.1 Ballard Air Cooled PEM Fuel Cell Stacks Company Information
7.1.2 Ballard Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.1.3 Ballard Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Ballard Main Business and Markets Served
7.1.5 Ballard Recent Developments/Updates
7.2 Terralix
7.2.1 Terralix Air Cooled PEM Fuel Cell Stacks Company Information
7.2.2 Terralix Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.2.3 Terralix Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Terralix Main Business and Markets Served
7.2.5 Terralix Recent Developments/Updates
7.3 Horizon Fuel Cell Technologies
7.3.1 Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Company Information
7.3.2 Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.3.3 Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Horizon Fuel Cell Technologies Main Business and Markets Served
7.3.5 Horizon Fuel Cell Technologies Recent Developments/Updates
7.4 Aerospace Hydrogen Energy (Shanghai)
7.4.1 Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Company Information
7.4.2 Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.4.3 Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Aerospace Hydrogen Energy (Shanghai) Main Business and Markets Served
7.4.5 Aerospace Hydrogen Energy (Shanghai) Recent Developments/Updates
7.5 Jiangsu Horizon New Energy Technologies
7.5.1 Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Company Information
7.5.2 Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.5.3 Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Jiangsu Horizon New Energy Technologies Main Business and Markets Served
7.5.5 Jiangsu Horizon New Energy Technologies Recent Developments/Updates
7.6 Sinosynergy
7.6.1 Sinosynergy Air Cooled PEM Fuel Cell Stacks Company Information
7.6.2 Sinosynergy Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.6.3 Sinosynergy Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Sinosynergy Main Business and Markets Served
7.6.5 Sinosynergy Recent Developments/Updates
7.7 TIANNENG BATTERY GROUP
7.7.1 TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Company Information
7.7.2 TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.7.3 TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.7.4 TIANNENG BATTERY GROUP Main Business and Markets Served
7.7.5 TIANNENG BATTERY GROUP Recent Developments/Updates
7.8 Zhejiang Nekson Power Technology
7.8.1 Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Company Information
7.8.2 Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.8.3 Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Zhejiang Nekson Power Technology Main Business and Markets Served
7.8.5 Zhejiang Nekson Power Technology Recent Developments/Updates
7.9 Jiangsu GPTFC System
7.9.1 Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Company Information
7.9.2 Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Product Portfolio
7.9.3 Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Jiangsu GPTFC System Main Business and Markets Served
7.9.5 Jiangsu GPTFC System Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Air Cooled PEM Fuel Cell Stacks Industry Chain Analysis
8.2 Air Cooled PEM Fuel Cell Stacks Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Air Cooled PEM Fuel Cell Stacks Production Mode & Process Analysis
8.4 Air Cooled PEM Fuel Cell Stacks Sales and Marketing
8.4.1 Air Cooled PEM Fuel Cell Stacks Sales Channels
8.4.2 Air Cooled PEM Fuel Cell Stacks Distributors
8.5 Air Cooled PEM Fuel Cell Stacks Customer Analysis
9 Air Cooled PEM Fuel Cell Stacks Market Dynamics
9.1 Air Cooled PEM Fuel Cell Stacks Industry Trends
9.2 Air Cooled PEM Fuel Cell Stacks Market Drivers
9.3 Air Cooled PEM Fuel Cell Stacks Market Challenges
9.4 Air Cooled PEM Fuel Cell Stacks Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of Tables
 Table 1. Global Air Cooled PEM Fuel Cell Stacks Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Air Cooled PEM Fuel Cell Stacks Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Air Cooled PEM Fuel Cell Stacks Production Capacity (MW) by Manufacturers in 2024
 Table 4. Global Air Cooled PEM Fuel Cell Stacks Production by Manufacturers (2020-2025) & (MW)
 Table 5. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Air Cooled PEM Fuel Cell Stacks Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Air Cooled PEM Fuel Cell Stacks Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Air Cooled PEM Fuel Cell Stacks, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Air Cooled PEM Fuel Cell Stacks as of 2024)
 Table 10. Global Market Air Cooled PEM Fuel Cell Stacks Average Price by Manufacturers (US$/KW) & (2020-2025)
 Table 11. Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Product Offered and Application
 Table 13. Global Key Manufacturers of Air Cooled PEM Fuel Cell Stacks, Date of Enter into This Industry
 Table 14. Global Air Cooled PEM Fuel Cell Stacks Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Air Cooled PEM Fuel Cell Stacks Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Region (2020-2025)
 Table 19. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Air Cooled PEM Fuel Cell Stacks Production Comparison by Region: 2020 VS 2024 VS 2031 (MW)
 Table 22. Global Air Cooled PEM Fuel Cell Stacks Production (MW) by Region (2020-2025)
 Table 23. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Region (2020-2025)
 Table 24. Global Air Cooled PEM Fuel Cell Stacks Production (MW) Forecast by Region (2026-2031)
 Table 25. Global Air Cooled PEM Fuel Cell Stacks Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Air Cooled PEM Fuel Cell Stacks Market Average Price (US$/KW) by Region (2020-2025)
 Table 27. Global Air Cooled PEM Fuel Cell Stacks Market Average Price (US$/KW) by Region (2026-2031)
 Table 28. Global Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MW)
 Table 29. Global Air Cooled PEM Fuel Cell Stacks Consumption by Region (2020-2025) & (MW)
 Table 30. Global Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Region (2020-2025)
 Table 31. Global Air Cooled PEM Fuel Cell Stacks Forecasted Consumption by Region (2026-2031) & (MW)
 Table 32. Global Air Cooled PEM Fuel Cell Stacks Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 34. North America Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2025) & (MW)
 Table 35. North America Air Cooled PEM Fuel Cell Stacks Consumption by Country (2026-2031) & (MW)
 Table 36. Europe Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 37. Europe Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2025) & (MW)
 Table 38. Europe Air Cooled PEM Fuel Cell Stacks Consumption by Country (2026-2031) & (MW)
 Table 39. Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MW)
 Table 40. Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption by Region (2020-2025) & (MW)
 Table 41. Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption by Region (2026-2031) & (MW)
 Table 42. Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 43. Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption by Country (2020-2025) & (MW)
 Table 44. Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption by Country (2026-2031) & (MW)
 Table 45. Global Air Cooled PEM Fuel Cell Stacks Production (MW) by Type (2020-2025)
 Table 46. Global Air Cooled PEM Fuel Cell Stacks Production (MW) by Type (2026-2031)
 Table 47. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Type (2020-2025)
 Table 48. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Type (2026-2031)
 Table 49. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Type (2020-2025)
 Table 52. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Type (2026-2031)
 Table 53. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Type (2020-2025)
 Table 54. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Type (2026-2031)
 Table 55. Global Air Cooled PEM Fuel Cell Stacks Production (MW) by Application (2020-2025)
 Table 56. Global Air Cooled PEM Fuel Cell Stacks Production (MW) by Application (2026-2031)
 Table 57. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Application (2020-2025)
 Table 58. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Application (2026-2031)
 Table 59. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Application (2020-2025)
 Table 62. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Application (2026-2031)
 Table 63. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Application (2020-2025)
 Table 64. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Application (2026-2031)
 Table 65. Ballard Air Cooled PEM Fuel Cell Stacks Company Information
 Table 66. Ballard Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 67. Ballard Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 68. Ballard Main Business and Markets Served
 Table 69. Ballard Recent Developments/Updates
 Table 70. Terralix Air Cooled PEM Fuel Cell Stacks Company Information
 Table 71. Terralix Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 72. Terralix Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 73. Terralix Main Business and Markets Served
 Table 74. Terralix Recent Developments/Updates
 Table 75. Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Company Information
 Table 76. Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 77. Horizon Fuel Cell Technologies Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 78. Horizon Fuel Cell Technologies Main Business and Markets Served
 Table 79. Horizon Fuel Cell Technologies Recent Developments/Updates
 Table 80. Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Company Information
 Table 81. Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 82. Aerospace Hydrogen Energy (Shanghai) Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 83. Aerospace Hydrogen Energy (Shanghai) Main Business and Markets Served
 Table 84. Aerospace Hydrogen Energy (Shanghai) Recent Developments/Updates
 Table 85. Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Company Information
 Table 86. Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 87. Jiangsu Horizon New Energy Technologies Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 88. Jiangsu Horizon New Energy Technologies Main Business and Markets Served
 Table 89. Jiangsu Horizon New Energy Technologies Recent Developments/Updates
 Table 90. Sinosynergy Air Cooled PEM Fuel Cell Stacks Company Information
 Table 91. Sinosynergy Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 92. Sinosynergy Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 93. Sinosynergy Main Business and Markets Served
 Table 94. Sinosynergy Recent Developments/Updates
 Table 95. TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Company Information
 Table 96. TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 97. TIANNENG BATTERY GROUP Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 98. TIANNENG BATTERY GROUP Main Business and Markets Served
 Table 99. TIANNENG BATTERY GROUP Recent Developments/Updates
 Table 100. Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Company Information
 Table 101. Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 102. Zhejiang Nekson Power Technology Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 103. Zhejiang Nekson Power Technology Main Business and Markets Served
 Table 104. Zhejiang Nekson Power Technology Recent Developments/Updates
 Table 105. Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Company Information
 Table 106. Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Specification and Application
 Table 107. Jiangsu GPTFC System Air Cooled PEM Fuel Cell Stacks Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 108. Jiangsu GPTFC System Main Business and Markets Served
 Table 109. Jiangsu GPTFC System Recent Developments/Updates
 Table 110. Key Raw Materials Lists
 Table 111. Raw Materials Key Suppliers Lists
 Table 112. Air Cooled PEM Fuel Cell Stacks Distributors List
 Table 113. Air Cooled PEM Fuel Cell Stacks Customers List
 Table 114. Air Cooled PEM Fuel Cell Stacks Market Trends
 Table 115. Air Cooled PEM Fuel Cell Stacks Market Drivers
 Table 116. Air Cooled PEM Fuel Cell Stacks Market Challenges
 Table 117. Air Cooled PEM Fuel Cell Stacks Market Restraints
 Table 118. Research Programs/Design for This Report
 Table 119. Key Data Information from Secondary Sources
 Table 120. Key Data Information from Primary Sources
 Table 121. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Air Cooled PEM Fuel Cell Stacks
 Figure 2. Global Air Cooled PEM Fuel Cell Stacks Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Air Cooled PEM Fuel Cell Stacks Market Share by Type: 2024 VS 2031
 Figure 4. <1kW Product Picture
 Figure 5. 1-3kW Product Picture
 Figure 6. 3-5kW Product Picture
 Figure 7. >5kW Product Picture
 Figure 8. Global Air Cooled PEM Fuel Cell Stacks Market Value by Application, (US$ Million) & (2020-2031)
 Figure 9. Global Air Cooled PEM Fuel Cell Stacks Market Share by Application: 2024 VS 2031
 Figure 10. Backup Power
 Figure 11. Stationary Power Station
 Figure 12. Mobile Device
 Figure 13. Transportation
 Figure 14. Others
 Figure 15. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 16. Global Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) & (2020-2031)
 Figure 17. Global Air Cooled PEM Fuel Cell Stacks Production Capacity (MW) & (2020-2031)
 Figure 18. Global Air Cooled PEM Fuel Cell Stacks Production (MW) & (2020-2031)
 Figure 19. Global Air Cooled PEM Fuel Cell Stacks Average Price (US$/KW) & (2020-2031)
 Figure 20. Air Cooled PEM Fuel Cell Stacks Report Years Considered
 Figure 21. Air Cooled PEM Fuel Cell Stacks Production Share by Manufacturers in 2024
 Figure 22. Global Air Cooled PEM Fuel Cell Stacks Production Value Share by Manufacturers (2024)
 Figure 23. Air Cooled PEM Fuel Cell Stacks Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 24. The Global 5 and 10 Largest Players: Market Share by Air Cooled PEM Fuel Cell Stacks Revenue in 2024
 Figure 25. Global Air Cooled PEM Fuel Cell Stacks Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 26. Global Air Cooled PEM Fuel Cell Stacks Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 27. Global Air Cooled PEM Fuel Cell Stacks Production Comparison by Region: 2020 VS 2024 VS 2031 (MW)
 Figure 28. Global Air Cooled PEM Fuel Cell Stacks Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 29. North America Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. Europe Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 31. China Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 32. Japan Air Cooled PEM Fuel Cell Stacks Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 33. Global Air Cooled PEM Fuel Cell Stacks Consumption by Region: 2020 VS 2024 VS 2031 (MW)
 Figure 34. Global Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 35. North America Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 36. North America Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Country (2020-2031)
 Figure 37. U.S. Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 38. Canada Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 39. Europe Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 40. Europe Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Country (2020-2031)
 Figure 41. Germany Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 42. France Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 43. U.K. Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 44. Italy Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 45. Netherlands Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 46. Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 47. Asia Pacific Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Region (2020-2031)
 Figure 48. China Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 49. Japan Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 50. South Korea Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 51. China Taiwan Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 52. Southeast Asia Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 53. India Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 54. Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 55. Latin America, Middle East & Africa Air Cooled PEM Fuel Cell Stacks Consumption Market Share by Country (2020-2031)
 Figure 56. Mexico Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 57. Brazil Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 58. Turkey Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 59. GCC Countries Air Cooled PEM Fuel Cell Stacks Consumption and Growth Rate (2020-2031) & (MW)
 Figure 60. Global Production Market Share of Air Cooled PEM Fuel Cell Stacks by Type (2020-2031)
 Figure 61. Global Production Value Market Share of Air Cooled PEM Fuel Cell Stacks by Type (2020-2031)
 Figure 62. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Type (2020-2031)
 Figure 63. Global Production Market Share of Air Cooled PEM Fuel Cell Stacks by Application (2020-2031)
 Figure 64. Global Production Value Market Share of Air Cooled PEM Fuel Cell Stacks by Application (2020-2031)
 Figure 65. Global Air Cooled PEM Fuel Cell Stacks Price (US$/KW) by Application (2020-2031)
 Figure 66. Air Cooled PEM Fuel Cell Stacks Value Chain
 Figure 67. Channels of Distribution (Direct Vs Distribution)
 Figure 68. Bottom-up and Top-down Approaches for This Report
 Figure 69. Data Triangulation
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