PEMFC (Proton Exchange Membrane Fuel Cells) - Global Market Trajectory & Analytics

Global PEMFC (Proton Exchange Membrane Fuel Cells) Market to Reach $16.3 Billion by 2027

Amid the COVID-19 crisis, the global market for PEMFC (Proton Exchange Membrane Fuel Cells) estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$16.3 Billion by 2027, growing at a CAGR of 19.8% over the period 2020-2027.



The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 19% CAGR

The PEMFC (Proton Exchange Membrane Fuel Cells) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 19% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.

Select Competitors (Total 49 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.