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PEMFC (Proton Exchange Membrane Fuel Cells): Global Strategic Business Report

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    Report

  • 232 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140079

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)

What is the estimated value of the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells)?

The Global Market for PEMFC (Proton Exchange Membrane Fuel Cells) was estimated to be valued at $1.4 Billion in 2020.

What is the growth rate of the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells)?

The growth rate of the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells) is 39.9%, with an estimated value of $14.7 Billion by 2027.

What is the forecasted size of the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells)?

The Global Market for PEMFC (Proton Exchange Membrane Fuel Cells) is estimated to be worth $14.7 Billion by 2027.

Who are the key companies in the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells)?

Key companies in the Global Market for PEMFC (Proton Exchange Membrane Fuel Cells) include 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 and Oorja Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • PEMFC (Proton Exchange Membrane Fuel Cells) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for PEMFC (Proton Exchange Membrane Fuel Cells) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
  • Table 3: World PEMFC (Proton Exchange Membrane Fuel Cells) Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Table 4: USA Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
CANADA
  • Table 5: Canada Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
JAPAN
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Table 6: Japan Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
CHINA
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Table 7: China Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
EUROPE
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Table 8: Europe Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 9: Europe 7-Year Perspective for PEMFC (Proton Exchange Membrane Fuel Cells) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
FRANCE
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Table 10: France Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
GERMANY
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Table 11: Germany Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
ITALY
  • Table 12: Italy Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UNITED KINGDOM
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Table 13: UK Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
REST OF EUROPE
  • Table 14: Rest of Europe Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
ASIA-PACIFIC
  • PEMFC (Proton Exchange Membrane Fuel Cells) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Table 15: Asia-Pacific Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
REST OF WORLD
  • Table 16: Rest of World Recent Past, Current & Future Analysis for PEMFC (Proton Exchange Membrane Fuel Cells) by Segment - PEMFC (Proton Exchange Membrane Fuel Cells) - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
IV. COMPETITION

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.