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Global Proton Exchange Fuel Cell Market Report Size, Trends & Growth Opportunity, By Type (High Temperature, Low Temperature), By Material (Membrane Electrode Assembly, Hardware), By Application (Automotive, Portable, Stationary, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027. 


Report ID : IR1001943 | Industries : Energy & Power | Published On :June 2024 | Page Count : 178

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  • Global Proton Exchange Fuel Cell Market Report Size, Trends & Growth Opportunity, By Type (High Temperature, Low Temperature), By Material (Membrane Electrode Assembly, Hardware), By Application (Automotive, Portable, Stationary, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027. 

    Global Proton Exchange Fuel Cell Market
     
    The Global Proton Exchange Fuel Cell Market has a value of USD 4.63 Billion in 2021 and is anticipated to increase at a 15.14 % CAGR from 2022 to 2027 to reach USD 14.68 Billion.

    The fuel cell type known as proton exchange membrane fuel cells (PEMFCs), often referred to as polymer electrolyte membrane (PEM) fuel cells, is primarily being developed for use in transportation as well as stationary and mobile fuel-cell applications. They have a specific proton-conducting polymer electrolyte membrane, and their temperature range is smaller. PEMFCs operate oppositely from PEM electrolysis, which consumes electricity; they produce it. They have a good chance of replacing the old alkaline fuel-cell technology used on the Space Shuttle. Because of its small size, the PEMFC is a fantastic choice for mobile and other applications of various sizes, including mobile phones.

    Market Drivers

    The use of proton exchange membrane fuel cells as a power source enables the strengthening and diversification of the world's energy infrastructure in a variety of stationary and mobile, as well as transportation-related, applications. It offers a safe, dependable, and more energy-efficient way to meet the continuously expanding need for electricity. Hence, during the projection period, the demand for these fuel cells across various application sectors will be driven by improved fuel efficiency and a trend toward the adoption of zero-emission automobiles.

    The primary fuel for the proton exchange membrane fuel cell, hydrogen, which is widely available, minimizes the economic dependency on the use of fossil fuels. Also, it doesn't produce harmful pollutants like CO, CO2, SOX, NOx, and other substances released by gasoline and diesel-powered vehicles, which encourages the widespread use of fuel cell electric vehicles (FCEVs) around the world and consequently increases the need for PEMFC.

    Market Restraints

    The increasing demand for electric vehicles, including battery electric vehicles and plug-in hybrid electric vehicles, is the main factor that could limit the growth of the proton exchange membrane fuel cell industry. Because of its numerous benefits, including improved efficiency, no polluting by-products, cost-effectiveness, and energy security, the demand for these cars is growing significantly.

    Market Segmentation
     
    The Global Proton Exchange Fuel Cell Market is segmented into Type (High Temperature, Low Temperature), Material (Membrane Electrode Assembly, Hardware), Application (Automotive, Portable, Stationary, Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).

    Regional Analysis

    Due to attempts by various governments in the region to promote and expand the hydrogen infrastructure, Asia Pacific has been the market's main region. Key industry companies are also present in the region, which has aided in their domination of the international market. In addition, due to its government's strong desire to create a society free of carbon emissions and its enormous FCEV ambitions, Japan is expected to dominate the sector in terms of volume over the long term. Additionally, the administration is continuously developing frameworks and policies to realize the objective of turning the country into a carbon-negative economy.

    The U.S. is expected to grow exponentially in North America as a result of supportive government goals and significant investments in research and development. To promote the use of hydrogen-powered passenger cars, the administration has set ambitious goals, which are anticipated to boost regional demand for fuel-cell vehicles. To lessen the nation's reliance on fossil fuels, governments like California have the vision to deploy commercial vehicles, particularly buses, during the anticipated timeframe. Additionally, it seeks to reduce its carbon footprint.

    Key Players
     
    The Key Players in the Global Proton Exchange Fuel Cell Market are Nedstack Fuel Cell Technology BV, Horizon Fuel Cell Technologies, Altergy, Plug Power Inc., PowerCell Sweden AB, Cummins Inc., AVL, ITM Power PLC, Ballard Power Systems, and Intelligent Energy Limited. 

    Market Taxonomy
     
    Type

    •        High Temperature
    •        Low Temperature 

    Material

    •        Membrane Electrode Assembly
    •        Hardware 

    Application

    •        Automotive
    •        Portable
    •        Stationary
    •        Others

    Regional Outlook 

    •        North America
    •        Europe
    •        Asia Pacific
    •        Latin America
    •        Middle East and South Africa


     
     

    Global Proton Exchange Fuel Cell Market  
    1 Introduction        
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Proton Exchange Fuel Cell Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply& Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Proton Exchange Fuel Cell Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Proton Exchange Fuel Cell Market Share Analysis, By Type
    5.3 Proton Exchange Fuel Cell Market Size and Forecast, By Type
    5.3.1 High Temperature 
    5.3.2 Low Temperature
    6 Proton Exchange Fuel Cell Market, By Material
    6.1 Y-o-Y Growth Comparison, By Material
    6.2 Proton Exchange Fuel Cell Market Share Analysis, By Material
    6.3 Proton Exchange Fuel Cell Market Size and Forecast, By Material
    6.3.1 Membrane Electrode Assembly
    6.3.2 Hardware
    7 Proton Exchange Fuel Cell Market, By Application
    7.1 Y-o-Y Growth Comparison, By Application
    7.2 Proton Exchange Fuel Cell Market Share Analysis, By Application
    7.3 Proton Exchange Fuel Cell Market Size and Forecast, By Application
    7.3.1 Automotive
    7.3.2 Portable, Stationary
    7.3.3 Others
    8 Proton Exchange Fuel Cell Market, By Region
    8.1 Proton Exchange Fuel Cell Market Share Analysis, By Region
    8.2 Proton Exchange Fuel Cell Market Share Analysis, By Region
    8.3 Proton Exchange Fuel Cell Market Size and Forecast, By Region
    9 North America Proton Exchange Fuel Cell Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Proton Exchange Fuel Cell Market Share Analysis, By Type
    9.3 North America Proton Exchange Fuel Cell Market Size and Forecast, By Material
    9.4 North America Proton Exchange Fuel Cell Market Size and Forecast, By Application
    9.5 North America Proton Exchange Fuel Cell Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Proton Exchange Fuel Cell Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Proton Exchange Fuel Cell Market Share Analysis, By Type
    10.3 Europe Proton Exchange Fuel Cell Market Size and Forecast, By Material 
    10.4 Europe Proton Exchange Fuel Cell Market Size and Forecast, By Application
    10.5 Europe Proton Exchange Fuel Cell Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4. Rest of Europe
    11 Asia Pacific Proton Exchange Fuel Cell Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Proton Exchange Fuel Cell Market Share Analysis, By Type
    11.3 Asia Pacific Proton Exchange Fuel Cell Market Size and Forecast, By Material 
    11.4 Asia Pacific Proton Exchange Fuel Cell Market Size and Forecast, By Application
    11.5 Asia Pacific Proton Exchange Fuel Cell Market Size and Forecast, By Country
    11.5.1 China        
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Proton Exchange Fuel Cell Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Proton Exchange Fuel Cell Market Share Analysis, By Type
    12.3 Latin America Proton Exchange Fuel Cell Market Size and Forecast, By Material 
    12.4 Latin America Proton Exchange Fuel Cell Market Size and Forecast, By Application
    12.4 Latin America Proton Exchange Fuel Cell Market Size and Forecast, Country
    12.5.1. Brazil
    12.5.2. Rest of Latin America
    13 Middle East Proton Exchange Fuel Cell Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Proton Exchange Fuel Cell Market Share Analysis, By Type
    13.3 Middle East Proton Exchange Fuel Cell Market Size and Forecast, By Material 
    13.4 Middle East Proton Exchange Fuel Cell Market Size and Forecast, By Application
    13.5 Middle East Proton Exchange Fuel Cell Market Size and Forecast, By Country
    13.5.1. Saudi Arabia
    13.5.2. UAE
    13.5.3. Egypt
    13.5.4. Kuwait
    13.5.5. South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Nedstack Fuel Cell Technology BV
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Horizon Fuel Cell Technologies
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 Altergy
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Plug Power Inc.
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 PowerCell Sweden AB 
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Cummins Inc.
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 AVL
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies        
    15.8 ITM Power PLC 
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Ballard Power Systems
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Intelligent Energy Limited.  
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies