Proton-Exchange Membrane Fuel Cell Market

Proton-Exchange Membrane Fuel Cell Market is segmented By Type (Planar, Tubular), By Components (Membrane Electrode Assemblies (MEA) (MEA, By Layer (MEA 3, MEA 5, MEA 7), MEA, by Type (Hydrogen Air / Oxygen Fuel Cell MEAs, Electrolyzer MEAs, Direct Methanol Fuel Cell MEAs, Reversible Fuel Cell MEAs), High-Temperature PEMFC MEAs, Clearance MEAs and CCMs), Stacks (Less than 5W Stacks, 5W to 100W Stacks, 100W to 1kW Stacks, 1kW to 10kW Stacks, PEM Fuel Cells for Drones, UAVs, and Robotics), Module (Low-Temperature Proton Exchange Membrane Fuel Cell (60–80°C), High-Temperature Proton Exchange Membrane Fuel Cell (110–180°C))), By Application (Stationary, Transportation, Portable), By End-User (Power Generation, Residential and Commercial, Military, Retail, Data Centers, Combined Heat and Power, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Proton-Exchange Membrane Fuel Cell Market Overview

Proton-Exchange Membrane Fuel Cell Market is expected to grow at a high CAGR 18.6% during the forecasting period (2022-2029).

North America region, in particular, is estimated to witness large growth potential for proton-exchange membrane fuel cells owing to increased pressure on private energy producers in the reduction of carbon footprints. Also, massive investment in clean energy is giving a boost to the proton-exchange membrane fuel cell market in the region especially in U.S. and Canada

In 2019, California state of U.S. announced a new program under name “SelfGeneration Incentive Program (SGIP)” with a budget of US$ 566 Million to produce and distribute electricity through fuel cell technology

Japan is one of the largest consumers of proton-exchange membrane fuel cells in the Asiapacific region and the country initiated a program under the name “Ene farm program.” Under this program, the country will establish fuel cell systems for micro CHP application with 1.4 Million Units by 2020 and 5.3 Million Units by 2030

Nedstack Fuel Cell Technology BV, PLUG POWER INC. and AVL are some of the key players in the global proton-exchange membrane fuel cell market

Proton-Exchange Membrane Fuel Cell Market Scope and Summary

Metrics	Details
Market CAGR	18.6%
Segments Covered	By Type, By Components, By Application, By End-User and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

 

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Proton-Exchange Membrane Fuel Cell Market Dynamic and Trends

As per IEQ, world energy demand increased by 2.3% in 2019 from 2018. Out of the new demand, natural gas contributed to over 45% of additional energy production globally making it the most lucrative option in future. The majority of natural gas additional demand arose in the United States, India and China

The Government of India aims to increase the share of natural gas in energy production from 6% in 2019 to 15% by 2030 which is a major boost for the PEM market

India has made significant progress towards meeting the United Nations Sustainable Development Goals, particularly Goal 7 in delivering energy access. Both energy & emission intensities of India’s GDP decreased by over 20% between 2010 and 2019 which represents massive progress. In 2019, per capita emissions in India stood at 1.6 tons of CO2 which is way below the global average of 4.4 tons and its share of global total CO2 emissions is around 6.4%

India has taken major steps towards improvement of energy efficiency, which resulted in a reduction of energy demand by 15% (in terms of coal energy demand and energy losses) and stopped 300 million tons of CO2 from entering the atmosphere between 2000 and 2018, according to IEA

Proton-Exchange Membrane Fuel Cell Market Segmentation Analysis

By Type

The global market for planar proton-exchange membrane fuel cells valued US$ XX million in 2019 and is likely to reach US$ XX million in 2027 by growing at a CAGR of XX% between 2020 and 2027

Planar holds the largest share globally owing to the high demand for planar in power generation. The Planar has a sandwich-type design in which fuel cells modules are stacked one above another and the electrolyte is inserted between the electrode

The planar PEM has high energy efficiency and low power losses during usage making its ideal form of fuel cell

By Region

The Europe market for proton-exchange membrane fuel cells valued US$ XX million in 2019 and is likely to reach US$ XX million in 2027 by growing at a CAGR of XX% between 2020 and 2027

Europe evolved as one of the leading markets for the proton-exchange membrane fuel cell market with a share of nearly XX% of the global sales revenue in 2019. Europe is far behind North America and Asia-pacific but getting streamlined with increased investments in proton-exchange membrane fuel cell

Germany is the single largest market both in terms of production and consumption of proton-exchange membrane fuel cells in Europe owing to the demand power generation industry. UK and France are also key consumers of proton-exchange membrane fuel cell

In 2016, a program named “PACE program” was initiated in the region to adopt fuel cells for utilization in micro-CHP systems in Europe. Germany was the first country to adopt the program and implement supporting policies and subsidies for the installation of fuel cells in the country because of which Germany became a pioneer in the region in fuel cell development.

 

Frequently Asked Questions

What is the Proton-Exchange Membrane Fuel Cell Market growth?

The market is growing at a HIgh CAGR 18.6%

What is Proton-Exchange Membrane Fuel Cell Market size in 2022

The Proton-Exchange Membrane Fuel Cell Market size was valued at USD YY million in 2022.

Who are the key players in Proton-Exchange Membrane Fuel Cell Market?

Major players are AVL, PowerCell, 3M, Ballard Power Systems, PLUG POWER INC., Showa Denko K.K (SDK), W.L. Gore & Associates, Inc., Bing Energy Inc.

 

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