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The North America fuel cell market is forecast to increase by USD 5.08 billion at a CAGR of 21.34% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing focus on the adoption of hydrogen economy as a clean and sustainable energy source. This trend is further boosted by the rising adoption of solid oxide electrolyzers, which enable the efficient production of hydrogen fuel. However, challenges persist in durability, leading to high dependency on subsidies to offset the high initial investment costs. Despite these challenges, the market is expected to witness steady growth, fueled by advancements in technology and increasing government support for the hydrogen economy.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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