Australia Fuel Cell Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

Key Market Trends and Insights:
The Australian Capital Territory dominated the Australia fuel cell market in 2024 and is projected to grow at a CAGR of 20.2% over the forecast period.
By application, the vehicular segment is projected to witness a CAGR of 18.7% over the forecast period.
By technology, proton exchange membrane fuel cell (PEMFC) segment is expected to register 19.7% CAGR over the forecast period due to their high efficiency, quick start-up, and suitability for transportation and portable power applicationsMarket Size & Forecast:
Market Size in 2024: AUD 13.43 million
Projected Market Size in 2034: AUD 70.29 million
CAGR from 2025-2034: 18.00%
Fastest-Growing Regional Market: Australian Capital TerritoryHeavy industries in Australia, such as mining, steel, and cement, are increasingly turning to fuel cell technologies to meet decarbonization targets. These industries are among the largest carbon emitters and are under pressure to adopt cleaner energy solutions. Fuel cells offer a reliable, off-grid power source with zero emissions, suitable for harsh and remote environments. Mining trucks, material handling equipment, and stationary fuel cell units are also being tested and deployed in these sectors.International collaboration is expanding the Australia fuel cell market share via technology transfer, investment, and knowledge sharing. Global leaders in fuel cell manufacturing are partnering with Australian companies and governments on local projects. This helps introduce proven technologies and help scale domestic capabilities. Inbound foreign investment also supports the development of hydrogen hubs, refueling infrastructure, and localized production. In March 2024, Hyundai and  partners launched Australia’s first public hydrogen refueling station in Canberra, advancing hydrogen vehicles and clean transport options.Recent Developments August 2025 Pure Hydrogen secured USD 3 million in new orders for hydrogen fuel cell trucks in Australia, marking a significant step in the country’s shift toward zero-emission transport. The orders reflect growing demand for clean mobility solutions, positioning Pure Hydrogen as a key player in advancing hydrogen-powered commercial vehicle adoption across Australia. March 2025 Conflux Technology announced a partnership with AMSL Aero to develop a hydrogen fuel cell cooling solution for Vertiia, AMSL’s 1000km-range zero-emissions VTOL aircraft. The advanced cooling system, optimized for high efficiency, supports the aircraft's performance and highlights Australia's innovation in sustainable aviation and additive manufacturing technologies. September 2024 Australian startup Siltrax received USD 7 million from the Clean Energy Finance Corporation (CEFC) to advance its novel silicon-based hydrogen fuel cell stack. The technology aims to power heavy-duty and materials handling vehicles, supporting emission reduction and aligning with Australia’s broader hydrogen strategy for clean energy transition. March 2024 American hydrogen fuel cell technology firm Hyzon unveiled its single stack 200kW fuel cell system and powertrain in a vehicle, showcasing a breakthrough for heavy-duty transport. The innovation holds strong relevance for Australia, where demand for zero-emission freight solutions is rising, aligning with national goals for cleaner transport and hydrogen adoption.Key Trends and Drivers Government Support and Policy Initiatives The Australia fuel cell market is significantly driven by strong government backing through national hydrogen strategies and clean energy policies. Federal and state-level initiatives promote investment in hydrogen and fuel cell technologies, offering funding, incentives, and regulatory frameworks. The 2024 Australian Hydrogen Strategy was launched in October 2024 by the Commonwealth for promoting fuel cell technology to drive clean energy and decarbonize transport. These policies aim to reduce carbon emissions and transition to renewable energy sources. Growth in Hydrogen Production Infrastructure Fuel cell growth in Australia is closely linked to the development of green hydrogen infrastructure. With abundant solar and wind resources, Australia has the potential to become a global leader in green hydrogen production. As per the University of Queensland, Australia's green hydrogen production is likely to reach an electrolyze capacity of about 50 GW by 2030. The availability of low-cost, renewable hydrogen will also boost the adoption of fuel cells, especially in energy-intensive sectors like transport, mining, and industrial processing, where emissions reduction is now a key priority. Rising Demand for Clean Transportation The shift toward zero-emission vehicles is driving the Australia fuel cell market growth with fuel cell electric vehicles (FCEVs), including buses, trucks, and passenger cars emerging as practical solutions for long-range and heavy-duty transport. In May 2025, Hyundai unveiled its hydrogen-powered XCIENT Fuel Cell Truck in Australia at the 2025 Brisbane Truck Show, boosting hydrogen transport adoption. Unlike battery electric vehicles (BEVs), FCEVs offer faster refueling and longer operational ranges, making them ideal for Australia's vast geography. Advancements in Fuel Cell Technology Continuous improvements in fuel cell design, efficiency, and durability are making them more viable for commercial use in Australia. In May 2023, Pure Hydrogen launched Taurus, Australia’s first hydrogen fuel cell prime mover, with 220kW power and 400km range. Research institutions, startups, and global technology companies are working on next-generation fuel cell stacks to offer higher energy density, longer lifespans, and lower maintenance. Innovations like silicon-based fuel cells and additive-manufactured heat exchangers are helping reduce costs and improve performance. Export Opportunities for Green Hydrogen The Australia fuel cell industry is indirectly driven by its growing potential as a green hydrogen exporter. As per the Australian Renewable Energy Agency (ARENA), the demand for hydrogen exported from Australia is likely to exceed three million tonnes by 2040. Japan, South Korea, and Germany are looking to import hydrogen to meet their clean energy goals. Australia’s geographic proximity and abundant renewable resources position it as a strategic supplier. Large-scale projects like Hydrogen Energy Supply Chain (HESC) and partnerships with Asian economies are boosting local hydrogen production capabilities.The EMR’s report titled “Australia Fuel Cell Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Technology
Proton Exchange Membrane Fuel Cell (PEMFC)
Solid Oxide Fuel Cell (SOFC)
Molten Carbonate Fuel Cell (MCFC)
Others

Key Insight: The proton exchange membrane fuel cell (PEMFC) segment is gaining traction due to their high efficiency, quick start-up, and suitability for transportation and portable power applications. In December 2024, Australian bus manufacturer Volgren launched its first hydrogen fuel cell bus powered by Ballard Power Systems’ PEMFC technology. They operate at relatively low temperatures, making them ideal for FCEVs, such as buses and trucks. Australian companies and government projects are increasingly adopting PEMFC technology with key role in backup power solutions and smaller stationary applications.Market Breakup by Application
Vehicular
Non-Vehicular Key Insight: The vehicular segment dominates the Australia fuel cell market, driven by growing demand for zero-emission transport solutions. Hydrogen FCEVs including buses, trucks, and commercial vehicles are gaining traction due to their longer range and faster refueling compared to battery-electric vehicles. Australian logistics companies are trialing fuel cell trucks for heavy haulage, while government initiatives promote hydrogen refueling infrastructure to support fleet transitions, solidifying vehicular fuel cells as the market leader.Market Breakup by Region
New South Wales
Victoria
Queensland
Australian Capital Territory
Western Australia
Others

Key Insight: New South Wales (NSW) drives the market due to strong government backing and active pilot projects. In July 2023, Coregas opened the country’s first commercial hydrogen refueling station for heavy road vehicles in Port Kembla, NSW, signaling strong institutional support for hydrogen infrastructure The state’s Hydrogen Strategy supports green hydrogen hubs and transport decarbonization. NSW’s industrial base, population density, and policy support have positioned it as a national leader in fuel cell deployment for both vehicular and stationary applications, making it the most dominant region in this sector.Australia Fuel Cell Market Share MCFCs & SOFCs to Gain Popularity in Australia Molten carbonate fuel cells (MCFCs) hold a large Australia fuel cell market share as they are mainly used in industrial and large stationary power plants. Operating at high temperatures, MCFCs can internally reform fuels like natural gas, enabling efficient electricity generation with carbon capture potential. Their commercialization is limited in Australia due to high costs and infrastructure needs but remains promising for decarbonizing heavy industry and large-scale energy sectors.Solid oxide fuel cells (SOFCs) are gaining traction in Australia’s stationary power generation sector due to their ability to efficiently convert a wide range of fuels at high temperatures. In December 2024, CSIRO initiated a trial of its advanced tubular solid oxide electrolysis (SOE) technology at BlueScope Steel’s Port Kembla Steelworks, Australia. SOFCs are valued for long-duration, large-scale energy production with lower carbon footprints, complementing renewable energy systems by providing stable, clean power in mining and industrial sectors. Rising Prominence of Non-Vehicular Fuel Cells in Australia The non-vehicular segment of the Australia fuel cell industry includes stationary power generation, backup power systems, and portable applications. Fuel cells provide reliable, clean energy for remote telecom towers, off-grid industrial sites, and emergency power backup. To that end, companies are supplying fuel cells for telecommunications and remote power solutions. In July 2024, Energys Australia deployed a 10kW hydrogen fuel cell generator at a remote telecom tower for providing clean, off-grid power.Australia Fuel Cell Market Regional Analysis CAGR 2025-2034 - Market by Region Australian Capital Territory20.2%Western Australia19.3%New South WalesXX%VictoriaXX%QueenslandXX%Others

XX% Queensland & Australian Capital Territory to Drive Fuel Cell Demand in Australia Queensland is emerging as a major hydrogen hub, especially with its focus on heavy transport and hydrogen exports. The state backed the launch of Pure Hydrogen’s Taurus fuel cell prime mover, Australia’s first hydrogen-powered heavy truck, which debuted at the Brisbane Truck Show in 2023. Queensland also supports large-scale hydrogen production facilities aimed at both domestic and international markets. The state government is also investing in hydrogen infrastructure, including refueling stations and industrial-scale electrolysis.Australian Capital Territory (ACT) is adding to the Australia fuel cell market value due to rising introduction of hydrogen refueling infrastructure. In April 2024, Pacific Energy acquired Canberra’s hydrogen refueling station from ActewAGL, advancing clean fuel infrastructure in the region. In addition to infrastructure, ACT promotes clean mobility policies and trials of hydrogen vehicles in government and public fleets. These efforts help position the territory as a national model for zero-emission transport and hydrogen integration.Competitive LandscapeKey players in the Australia fuel cell market are adopting several approaches to drive growth and support the transition to clean energy. A key strategy is investment in hydrogen infrastructure, including production, storage, and distribution systems, to support fuel cell deployment across transportation, industrial, and power generation sectors. Firms are engaging in strategic partnerships and joint ventures with international technology providers and research institutions to accelerate innovation and localize advanced fuel cell technologies.Government collaboration enables market players to align their operations with national hydrogen strategies and secure funding through clean energy grants and pilot projects. There is also a growing emphasis on decarbonization and sustainability, prompting firms to integrate fuel cells into renewable energy ecosystems, such as solar and wind-powered hydrogen production. Another important strategy involves diversifying applications, expanding the use of fuel cells beyond vehicles to include stationary power systems and backup energy solutions. Energys Australia Pty Ltd. Founded in 2006 and headquartered in Victoria, Energys Australia Pty Ltd. specializes in clean energy solutions, including hydrogen and fuel cell technologies. The company has contributed to numerous sustainable energy projects across Australia with focus on system integration and innovative applications for transition toward decarbonized and energy-efficient infrastructure. Australian Fuel Cells Pty Ltd. Established in 2015 and based in New South Wales, Australian Fuel Cells Pty Ltd. is dedicated to advancing solid oxide fuel cell technologies. The company emphasizes locally developed solutions for off-grid and remote power needs, supporting Australia's push for clean energy independence and innovation in distributed generation technologies. LAVO Hydrogen Storage Technology Pty Ltd. LAVO, founded in 2020 and headquartered in Sydney, is known for developing the world’s first residential hydrogen energy storage system. The company integrates hydrogen fuel cells, solar energy, and smart software to create innovative, long-duration storage solutions that support households and businesses in reducing carbon emissions and achieving energy self-sufficiency. Ballard Power Systems Inc. Founded in 1979 and headquartered in Burnaby, British Columbia, Canada, Ballard Power Systems is a global leader in proton exchange membrane fuel cell technology. Widely recognized for its advancements in zero-emission transport, the company supplies fuel cells for buses, trucks, trains, and marine vessels, significantly contributing to clean mobility worldwide.Other players in the Australia fuel cell market are Doosan Fuel Cell Co., Ltd., and Others

.Key Features of the Australia Fuel Cell Market Report:
Comprehensive quantitative analysis of market size, share, and growth projections through 2034.
Detailed segmentation by technology, application, and regional insights across Australia.
In-depth competitive landscape highlighting major players and strategic initiatives.
Analysis of key market drivers, challenges, and emerging opportunities.
Insightful forecasts based on latest industry developments and government policies.
Inclusion of real-world case studies and recent fuel cell project launches in Australia.Why Choose Expert Market Research?
Trusted source for accurate and up-to-date Australia fuel cell market insights.
Expert analysis backed by extensive primary and secondary research methods.
Actionable intelligence tailored to support strategic business decisions.
Comprehensive reports covering emerging trends and competitive dynamics.Call to Action:Download your free sample of the Australia fuel cell market trends 2025 report today to stay ahead in this rapidly evolving industry. Gain valuable insights into market drivers, technology innovations, and competitive strategies shaping Australia’s hydrogen economy. Don’t miss out on expert forecasts and real-world case studies that will inform your strategic planning and investment decisions. Show more