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Fuel Cell Bipolar Plate Market - Global Industry Report, 2030

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Aarti Mule

Fuel Cell Bipolar Plate: Introduction

  • Fuel cell bipolar plate is a multi-functional component in the fuel cell. It separates the individual fuel cell in series to form a fuel cell stack. This provides required voltage and uniform distribution of fuel gas and oxygen on the membrane-electrode assemblies. Fuel cell bipolar plate provides electrical conduction between cells, as well as physical strength to the fuel cell stack.

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Key Drivers and Restraints of Global Fuel Cell Bipolar Plate Market

  • Increase in investment in fuel cell energy is estimated to drive the fuel cell bipolar plate market in the near future. Various companies are investing in fuel cell energy, as it is a prominent source of renewable energy. This is estimated to boost the demand for fuel cell bipolar plate in the near future.
  • Government support and enactment of policies to reduce carbon emission and greenhouse gas is anticipated to drive the market. Governments of various countries are promoting fuel cells by providing tax and financial benefits. Furthermore, implementation of government regulations is compelling companies to seek ecofriendly and cost-effective energy solutions.
  • High initial investment in fuel cell is projected to restrain the global fuel cell bipolar plate market. Fuel cell technology is highly sophisticated and advanced. Companies hesitate to invest in fuel cell technology, as it entails high capital investment.

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Global Fuel Cell Bipolar Plate Market: Segmentation

  • The global fuel cell bipolar plate market can be segmented based on type and application
  • In terms of type, the global fuel cell bipolar plate market can be classified into graphite, metal, and carbon composite. Metal and carbon composite segments are anticipated to expand at a high CAGR during the forecast period.
  • Based on application, the global market can be split into proton exchange membrane fuel cell, alkaline fuel cell, phosphoric acid fuel cell, molten carbonate fuel cell, solid oxide fuel cell, and direct methanol fuel cells. Demand for proton exchange membrane fuel cell is high in the market, as this type of fuel cell offers efficiency and convenience in operations. Hence, the segment is expected to expand at a rapid CAGR during the forecast period.

Global Fuel Cell Bipolar Plate Market: Regional Segmentation

  • Based on region, the global fuel cell bipolar plate market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global fuel cell bipolar plate market in 2019. It is expected to continue its dominance during the forecast period. The market in the region is projected to expand during the forecast period, owing to the rise in investment in development of infrastructure, growth in industrialization, and increase in initiatives by governments to promote renewable energy.
  • The market in North America is likely to expand significantly during the forecast period owing to rapid increase in number of renewable energy projects in the U.S. and Canada. The U.S. is the leading country in the region in terms of adoption of fuel cell. This is estimated to propel the demand for fuel cell bipolar plate in the country in the near future.
  • Europe is estimated to be a vital region of the global fuel cell bipolar plate market in the near future. Various fuel cell projects are being undertaken in countries such as Norway, Germany, and France to reduce the emission of greenhouse gases.
  • The fuel cell bipolar plate market in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace during the forecast period. These regions have considerably large crude oil & gas reserves. This has led to less investment in renewable energy systems in Latin America and Middle East & Africa.

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COVID-19 Impact on Global Fuel Cell Bipolar Plate Market

  • Demand for fuel cell is high in automobile, utility, renewable, and defense industries. The outbreak of the COVID-19 pandemic has led to demand and supply issues in these industries. Furthermore, companies are facing issues such as supply chain disruptions and unavailability of manpower due to the lockdown in various countries. This leads to reduction in production. Thus, low demand for fuel cells is estimated to result in poor demand for fuel cell bipolar plates across the globe.

Key Players Operating in the Market

  • Interplex Holdings Pte. Ltd
  • POCO
  • Shanghai Hongfeng Industrial Co.,Ltd
  • Ballard Power Systems Inc.
  • Aperam
  • Dana Limited
  • Cell Impact
  • Impact Coatings AB
  • PRAGMA INDUSTRIES
  • TECHNICAL FIBRE PRODUCTS LTD

Global Fuel Cell Bipolar Plate Market: Research Scope

Global Fuel Cell Bipolar Plate Market, by Type

  • Graphite
  • Mental
  • Carbon Composite Plates

Global Fuel Cell Bipolar Plate Market, by Application

  • Proton Exchange Membrane Fuel Cell
  • Alkaline Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Molten Carbonate Fuel Cells
  • Solid Oxide Fuel Cells
  • Direct Methanol Fuel Cells

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