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Proton Exchange Membrane Fuel Cells (PEMFC) Market Growth 2019-2024

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naresh pawar
Proton Exchange Membrane Fuel Cells (PEMFC) Market Growth 2019-2024

Proton-exchange membrane fuel cells, also known as polymer electrolyte membrane (PEM) fuel cells (PEMFC), are a type of fuel cell being developed mainly for transport applications, as well as for stationary fuel-cell applications and portable fuel-cell applications. Their distinguishing features include lower temperature/pressure ranges (50 to 100 C) and a special proton-conducting polymer electrolyte membrane. PEMFCs generate electricity and operate on the opposite principle to PEM electrolysis, which consumes electricity. They are a leading candidate to replace the aging alkaline fuel-cell technology, which was used in the Space Shuttle.

The leading manufactures mainly are Ballard, Plug Power, Freudenberg Sealing Technologies, Hydrogenics and Sunrise Power. Ballard is the largest manufacturer; its revenue of global market exceeds 17% in 2018.

Geographically, the global Proton Exchange Membrane Fuel Cells(PEMFC) market has been segmented into North America, Europe, Japan, China, RoA and RoW. The North America held the largest share in the global market, its revenue of global market exceeds 33% in 2018. The next is Europe.

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According to this study, over the next five years the Proton Exchange Membrane Fuel Cells (PEMFC) market will register a 15.2% CAGR in terms of revenue, the global market size will reach US$ 1199.1 million by 2024, from US$ 591.4 million in 2019.

In particular, this report presents the global market share (sales and revenue) of key companies in Proton Exchange Membrane Fuel Cells (PEMFC) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Proton Exchange Membrane Fuel Cells (PEMFC) market by product type, application, key manufacturers and key regions and countries.

This study considers the Proton Exchange Membrane Fuel Cells (PEMFC) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

  • Compressed Gaseous Hydrogen
  • Cryogenic Liquid Hydrogen
  • Hydrides

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

  • Transportation
  • Stationary
  • Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • Ballard
  • Plug Power
  • Freudenberg Sealing Technologies
  • Hydrogenics
  • Sunrise Power
  • Panasonic
  • Nedstack PEM Fuel Cells
  • Nuvera Fuel Cells
  • Altergy Systems
  • Shenli Hi-Tech
  • Horizon Fuel Cell Technologies

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Proton Exchange Membrane Fuel Cells (PEMFC) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Proton Exchange Membrane Fuel Cells (PEMFC) market by identifying its various subsegments.
  • Focuses on the key global Proton Exchange Membrane Fuel Cells (PEMFC) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Proton Exchange Membrane Fuel Cells (PEMFC) with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Proton Exchange Membrane Fuel Cells (PEMFC) submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Proton Exchange Membrane Fuel Cells?PEMFC) Consumption 2014–2024
2.1.2 Proton Exchange Membrane Fuel Cells?PEMFC) Consumption CAGR by Region
2.2 Proton Exchange Membrane Fuel Cells?PEMFC) Segment by Type
2.2.1 Compressed Gaseous Hydrogen
2.2.2 Cryogenic Liquid Hydrogen
2.2.3 Hydrides
2.3 Proton Exchange Membrane Fuel Cells?PEMFC) Consumption by Type
2.3.1 Global Proton Exchange Membrane Fuel Cells?PEMFC) Consumption Market Share by Type (2014–2019)

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