In 2023, Germany led global RD&D investments in hydrogen and fuel cells, dramatically increasing by 90.42%, reaching 51.1 million USD PPP. Belgium also saw significant growth, up by 90.57%, while the Netherlands rose by 47.1%. The United States and Japan maintained steady contributions, growing by 12.3% and 3.07%, respectively. In contrast, Switzerland, Italy, and the Czech Republic experienced declines, with Switzerland dropping by 8.09% and Italy by 9.59%. Brazil showed notable growth, increasing by 60.74%, albeit from a smaller base. The analysis reflects substantial interest and investments by European leaders, with mixed trends across other regions.
Future trends to watch include Germany's continued dominance potentially fostering collaborations throughout Europe. Growth in Brazil suggests emerging markets could play a larger role, while steady U.S. and Japanese investments highlight ongoing commitment. Watch for policy impacts on funding and technological advancements driving changes across regions.
Top countries in RD&D in Hydrogen and Fuel Cells Share by Country (Million US Dollars PPP = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51.1 | 2023 | +64.9% | +90.42% | View data |
| 2 | 2 Japan | 13.37 | 2023 | -0.11% | +3.07% | View data |
| 3 | 3 United States | 10.02 | 2023 | +5.29% | +12.3% | View data |
| 4 | 4 France | 5.45 | 2023 | +1.56% | +8.52% | View data |
| 5 | 5 Netherlands | 4.11 | 2023 | +23.17% | +47.1% | View data |
| 6 | 6 Belgium | 3.6 | 2023 | +421.32% | +90.57% | View data |
| 7 | 7 Austria | 3 | 2023 | +25.73% | +39.08% | View data |
| 8 | 8 United Kingdom | 2.43 | 2023 | +3.63% | +11.11% | View data |
| 9 | 9 Brazil | 0.83 | 2023 | +15.31% | +60.74% | View data |
| 10 | 10 Switzerland | 0.76 | 2023 | -9.84% | -8.09% | View data |
