Global PEMFC (Proton Exchange Membrane Fuel Cells) Market to Reach $14.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for PEMFC (Proton Exchange Membrane Fuel Cells) estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$14.7 Billion by 2027, growing at a CAGR of 39.3% over the analysis period 2020-2027. Transport, one of the segments analyzed in the report, is projected to record a 41.4% CAGR and reach US$11.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stationary segment is readjusted to a revised 34.1% CAGR for the next 7-year period.The U.S. Market is Estimated at $408.1 Million, While China is Forecast to Grow at 37.6% CAGR
The PEMFC (Proton Exchange Membrane Fuel Cells) market in the U.S. is estimated at US$408.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 37.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36% and 33.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.4% CAGR.Other Applications Segment to Record 26.1% CAGR
In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 26.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$60.8 Million in the year 2020 will reach a projected size of US$306.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 18 Featured) -
- Altergy Systems
- Ballard Power Systems, Inc.
- FKK Corporation
- FuelCell Energy, Inc.
- Horizon Fuel Cell Technologies Pte Ltd.
- Hydrogenics Corporation
- Johnson Matthey Fuel Cells
- Nedstack Fuel Cell Technology BV
- Nuvera Fuel Cells LLC
- Oorja Corporation
- Plug Power Inc.
- Protonex Technology Corporation
- RELiON Battery, LLC
- SerEnergy A/S
- Shanghai EverPower Technologies., Ltd.
- Toho Gas Co., Ltd.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Frequently Asked Questions about the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells)
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Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 1.4 Billion |
Forecasted Market Value ( USD | $ 14.7 Billion |
Compound Annual Growth Rate | 39.9% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- Altergy Systems
- Ballard Power Systems, Inc.
- FKK Corporation
- FuelCell Energy, Inc.
- Horizon Fuel Cell Technologies Pte Ltd.
- Hydrogenics Corporation
- Johnson Matthey Fuel Cells
- Nedstack Fuel Cell Technology BV
- Nuvera Fuel Cells LLC
- Oorja Corporation
- Plug Power Inc.
- Protonex Technology Corporation
- RELiON Battery, LLC
- SerEnergy A/S
- Shanghai EverPower Technologies., Ltd.
- Toho Gas Co., Ltd.