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Proton exchange membrane fuel cells (PEMFCs), also known as polymer electrolyte membrane (PEM) fuel cells, are a form of fuel cell that is primarily being developed for transportation uses, as well as stationary and portable fuel-cell applications. Their unique features include a particular proton-conducting polymer electrolyte membrane and a lower temperature range. PEMFCs produce electricity and work in the reverse way of PEM electrolysis, which consumes it. They are a strong contender to take over from the Space Shuttle's outdated alkaline fuel-cell technology. Membrane electrode assemblies (MEA) consist of electrodes, electrolyte, catalyst, and gas diffusion layers, and are used to construct PEMFCs. Because of its small size, the PEMFC is an excellent choice for automotive and other mobile applications of all sizes, including mobile phones. The primary application of PEM fuel cells is transportation, owing to its potential environmental impact, such as the reduction of greenhouse gas emissions (GHG). PEM fuel cells are used exclusively by the majority of major automobile manufacturers due to its high-power density and good dynamic characteristics when compared to other types of fuel cells.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Type, Application, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Ballard Power Systems, Plug Power, Hydrogenics, Nuvera Fuel Cells, LLC, Horizon Fuel Cell Technologies, Nedstack Fuel Cell Technology, ITM Power, ElringKlinger, Intelligent Energy, W.L. Gore & Associates, Pragma Industries, Umicore, Shanghai Shenli Technology Co., Ltd., Johnson Matthey |
COVID-19 Impact analysis
Top Impacting Factors
Numerous companies are compelled to implement PEMFC due to the urgent requirement to upgrade and diversify the energy infrastructure. Unlike fossil fuels, they are energy-efficient, dependable, and environmentally friendly. They do not, however, produce harmful gases such as nitrogen oxide, carbon dioxide, or sulphur oxide. In the coming years, the abundant supply of hydrogen is predicted to promote the proton exchange membrane fuel cell market growth. The rise in demand for plug-in hybrid electric vehicles and battery electric vehicles, on the other hand, is expected to discourage investment. Another factor that is projected to limit the market growth is the high cost of producing and delivering hydrogen fuel to service stations, as well as the complicated management process of bulk fueling stations. In addition, the planning and construction of new stations necessitates significant investment that is influenced by a variety of market factors.
Market Trends
Key Segments Covered
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Key Benefits of the Report
Proton Exchange Membrane Fuel Cell Market Report Highlights
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Key Market Players | ElringKlinger, ITM Power, Pragma Industries, Hydrogenics, Plug Power, Intelligent Energy, Nuvera Fuel Cells, LLC, W.L. Gore & Associates, Umicore, Johnson Matthey, Shanghai Shenli Technology Co., Ltd, Nedstack Fuel Cell Technology, Ballard Power Systems, Horizon Fuel Cell Technologies |
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