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Proton Exchange Membrane Fuel Cell Market Size, Share & Trends Analysis Report By Type (High Temperature, Low Temperature), By Material (Membrane Electrode Assembly, Hardware), By Application, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 80 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5830902
The global proton exchange membrane fuel cell market size is expected to reach USD 13.85 billion by 2030. The market is expected to expand at a CAGR of 18.1% from 2023 to 2030. The rising pressure across the globe to reduce carbon emissions through supporting energy safety is a factor supporting the growth of the PEMFC market. Government funding is being exchanged by business funding and which in turn displayed positive growth throughout the projected period. PEMFC is expected to emerge as the most dominant form of fuel cell owing to its ability to suit both transportation and stationary applications. It is a popular choice for transportation applications due to its unique characteristics that make it a suitable alternative to conventional power sources. Unlike other fuel cell technologies, PEMFCs can start quickly. This feature is crucial for applications in the transportation sector where quick startups are essential.

The market is likely to witness strategic alliances to expand end-user segments in emerging markets. Public-private partnerships are expected to be critical for attaining an economically viable technological shift. The introduction of sustainable technologies to replace the existing power generation technologies is anticipated to lead to high costs, which is projected to challenge the innovations carried out by key market players like Intelligent Energy Limited, Plug Power Inc., ITM Power PLC, Ballard Power Systems, PowerCell Sweden AB, Cummins Inc.

Proton Exchange Membrane Fuel Cell Market Report Highlights

  • In terms of revenue, the portable segment accounted for a significant share of the market in 2022 and is further expected to witness steady growth over the forecast period
  • Asia Pacific region is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia-Pacific region
  • Automotive segment dominated the industry, accounting for 63.84% of total market revenue in 2022
  • High-temperature segment accounted for the largest share of 59.39% in the market in 2022
  • North America is likely to display a substantial growth rate during the projected period


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Table of Contents

Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR’s Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party Perspective
1.2.5 Primary Research
1.3 Information Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Segment Snapshot
2.4 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends, & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Industry Value Chain Analysis
3.3 Regulatory Framework
3.3.1 U.S.
3.3.2 Germany
3.3.3 France
3.3.4 UK
3.3.5 Canada
3.3.6 China
3.4 Market Dynamics
3.4.1 Market Driver Impact Analysis
3.4.1.1 Increasing Demand for Clean and renewable energy sources
3.4.1.2 Advancement in fuel cell technology and reduced production costs
3.4.2 Market Restraint Impact Analysis
3.4.2.1 Limited Hydrogen Infrastructure
3.4.3 Industry Challenges
3.4.4 Industry opportunities
3.5 Technology Overview
3.5.1 Components:
3.5.2 Chemical Reactions:
3.6 Business Environment Analysis: PEMFC Market
3.6.1 Industry Analysis - Porter’s
3.6.2 PESTEL analysis
3.7 Impact of COVID-19 on PEMFC Market
3.7.1 Challenges
3.7.1.1 Delays in projects due to supply chain disruptions
3.7.1.2 Lack of demand from residential and commercial buildings
3.7.2 Steps Taken
3.7.3 Impact Verdict - Medium
3.8 East European Geopolitical Implications on PEMFC Market
3.9 Overview of Global Potential of ePTFE Membranes Used in PEMFC Market, 2018 - 2030 (Million Square Meters) (USD Million)
Chapter 4 Proton Exchange Membrane Fuel Cell Market: Application Estimates & Trend Analysis
4.1 Application Movement Analysis & Market Share, 2022 & 2030
4.2 Proton Exchange Membrane Fuel Cell Market Estimates & Forecast, By Application (USD Million)
4.2.1 Automotive
4.2.2 Stationary
4.2.3 Portable
4.2.4 Others
Chapter 5 Proton Exchange Membrane Fuel Cell Market: Type Estimates & Trend Analysis
5.1 Type Movement Analysis & Market Share, 2022 & 2030
5.2 Proton Exchange Membrane Fuel Cell Market Estimates & Forecast, By Type (USD Million)
5.2.1 High Temperature
5.2.2 Low Temperature
Chapter 6 Proton Exchange Membrane Fuel Cell Market: Material Estimates & Trend Analysis
6.1 Material Movement Analysis & Market Share, 2022 & 2030 (%)
6.2 Proton Exchange Membrane Fuel Cell Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
6.2.1 Membrane Electrode Assembly
6.2.2 Hardware
6.2.3 Others
Chapter 7 Proton Exchange Membrane Fuel Cell Market: Regional Estimates & Trend Analysis
7.1 PEMFC Market: Regional Outlook
7.2 North America
7.2.1 North America PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.2.2 U.S.
7.2.2.1 Key country dynamics
7.2.2.2 U.S. PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.2.3 Canada
7.2.3.1 Key country dynamics
7.2.3.2 Canada PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.2.4 Mexico
7.2.4.1 Key country dynamics
7.2.4.2 Mexico PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.3 Europe
7.3.1 Europe PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.2 Italy
7.3.2.1 Key country dynamics
7.3.2.2 ITALY PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.3 Germany
7.3.3.1 Key country dynamics
7.3.3.2 Germany PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.4 UK
7.3.4.1 Key country dynamics
7.3.4.2 UK PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.5 Spain
7.3.5.1 Key country dynamics
7.3.5.2 Spain PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.2 China
7.4.2.1 Key country dynamics
7.4.2.2 China PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.3 India
7.4.3.1 Key country dynamics
7.4.3.2 India PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.4 Japan
7.4.4.1 Key country dynamics
7.4.4.2 Japan PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.5 South Korea
7.4.5.1 Key country dynamics
7.4.5.2 South Korea PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.5 Central & South America
7.5.1 Central & South America PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.5.2 Brazil
7.5.2.1 Key country dynamics
7.5.2.2 Brazil PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.6 Middle East and Africa
7.6.1 Middle East and Africa PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
7.6.2 South Africa
7.6.2.1 Key country dynamics
7.6.2.2 South Africa PEMFC market estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Proton Exchange Membrane Fuel Cell Market: Competitive Landscape
8.1 Recent Developments & Impact Analysis, by Key Market Participant
8.2 Company Categorization
8.3 Participant’s Overview
8.4 Financial Performance
8.5 Product Benchmarking
8.6 Company Market Positioning (Optional)
8.7 Company Market Share Analysis, 2022
8.8 Company Heat Map Analysis
8.9 Strategy Mapping
8.9.1 expansion
8.9.2 mergers & acquisition
8.9.3 collaborations
8.9.4 new product launches
8.9.5 research & Development
8.10 Company profile
8.10.1 Intelligent Energy Limited
8.10.2 Plug Power Inc.
8.10.3 ITM Power PLC
8.10.4 Ballard Power Systems
8.10.5 PowerCell Sweden AB
8.10.6 Cummins Inc.
8.10.7 AVL
8.10.8 Nedstack Fuel Cell Technology BV
8.10.9 Horizon Fuel Cell Technologies
List of Tables
Table 1 Type of entities involved with their roles
Table 2 Target set as per the plan by the French government
Table 3 Measure and strategies as per “UK Low Carbon Transition Plan”
Table 4 Commitments in the Generation Energy Council Report
Table 5 Global Proton exchange membrane fuel cell Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Table 6 Global Proton exchange membrane fuel cell Market Revenue Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
Table 7 Global Proton Exchange Membrane Fuel Cell Market Revenue Estimates and Forecasts, by Material, 2018 - 2030 (USD Million)
Table 8 U.S. macro-economic outlay
Table 9 Canada macro-economic outlay
Table 10 Mexico macro-economic outlay
Table 11 Italy macro-economic outlay
Table 12 Germany macro-economic outlay
Table 13 UK Macro-Economic Outlay
Table 14 Spain macro-economic outlay
Table 15 China Macro-Economic Outlay
Table 16 India Macro-Economic Outlay
Table 17 Japan Macro-Economic Outlay
Table 18 South Korea Macro-Economic Outlay
Table 19 Brazil Macro-Economic Outlay
Table 20 South Africa Macro-Economic Outlay
Table 21 Company Heat Map Analysis
Table 22 Key Companies undergoing expansions
Table 33 Key Companies involved in M&As
Table 34 Key Companies Undergoing Collaborations
Table 35 Key Companies launching new products
Table 36 Key Companies undertaking R&D activities
List of Figures
Fig. 1 Proton Exchange Membrane Fuel Cell Market Segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Segment Snapshot
Fig. 9 Competitive Landscape Snapshot
Fig. 10 Fuel Cell Market Value, 2022 (USD Million)
Fig. 11 PEMFCs - Industry Value Chain Analysis
Fig. 12 PEMFC Market Dynamics
Fig. 13 Global Renewable Energy Production, 2010 - 2021 (Exa joules)
Fig. 14 PEMFC Market - Porter’s Analysis
Fig. 15 PEMFC Market - PESTEL analysis
Fig. 16 Overview of Global Potential of ePTFE Membranes Used in PEMFC Market, 2018 - 2030 (Million Square Meters)
Fig. 17 Overview of Global Potential of ePTFE Membranes Used in PEMFC Market, 2018 - 2030 (USD Million)
Fig. 18 Proton Exchange Membrane Fuel Cell Market, by Application: Key Takeaways
Fig. 19 Proton Exchange Membrane Fuel Cell Market, by Application: Market Share, 2022 & 2030
Fig. 20 Automotive market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Stationary market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 22 Portable market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 23 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 24 Proton exchange membrane fuel cell Market, by Type: Key Takeaways
Fig. 25 Proton exchange membrane fuel cell Market, by Type: Market Share, 2022 & 2030
Fig. 26 High Temperature market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 27 Low Temperature market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 28 Proton Exchange Membrane Fuel Cell Market, by Material: Key Takeaways
Fig. 29 Proton Exchange Membrane Fuel Cell Market Share, by Material, 2022 & 2030 (%)
Fig. 30 Membrane Electrode Assembly Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 31 Hardware Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 33 PEMFC market revenue, by region, 2022 & 2030 (USD Million)
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 Regional marketplace: Key takeaways
Fig. 36 North America PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 U.S. PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Canada PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Mexico PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Europe PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Italy PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Germany PEMFC Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 UK PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 44 Spain PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 45 Asia Pacific PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 46 China PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 47 India PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 48 Japan PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 49 South Korea PEMFC market estimates & forecast, 2018 - 2030, (USD Million)
Fig. 50 Central & South America PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 51 Brazil PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 52 Middle East and Africa PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 53 South Africa PEMFC market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 54 Key Company Categorization
Fig. 55 Company Market Positioning
Fig. 56 Company Market Share Analysis, 2022
Fig. 57 Strategic Framework

Companies Mentioned

  • Intelligent Energy Limited
  • Plug Power Inc.
  • ITM Power PLC
  • Ballard Power Systems
  • PowerCell Sweden AB
  • Cummins Inc.
  • AVL
  • Nedstack Fuel Cell Technology BV
  • Horizon Fuel Cell Technologies

Methodology

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