Global PEM Fuel Cell Market Growth, Size, Trends Analysis - By Type, By Application, By Material - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

PEM Fuel Cell Market Introduction and Overview

According to SPER market research, 'Global PEM Fuel Cell Market Size- By Type, By Application, By Material - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global PEM Fuel Cell Market is predicted to reach 13.93 billion by 2034 with a CAGR of 15.26%.

A proton exchange membrane (PEM) fuel cell is an electrochemical device that uses chemical energy from hydrogen and oxygen to generate electricity while emitting only water and heat as byproducts. It functions at relatively low temperatures, typically between 60°C and 80°C, and uses a solid polymer membrane as the electrolyte. The PEM fuel cell comprises of a membrane electrode assembly (MEA), where the electrochemical reaction occurs.

Restraints: The PEM fuel cell market has various major challenges that limit widespread use. One of the most major obstacles is the high cost of production, which is made worse by the use of expensive platinum-based catalysts. Furthermore, the shortage of hydrogen refuelling infrastructure hinders the implementation of fuel cell vehicles and stationary equipment. Concerns concerning hydrogen storage, safety, and transportation further hinder industry growth.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Type, By Application, By Material

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Altergy, AVL, Ballard Power Systems, Cummins Inc., Doosan Fuel Cell Co., Ltd., ElringKlinger AG, Horizon Fuel Cell Technologies, Infinity Fuel Cell and Hydrogen, Inc., Intelligent Energy Limited, ITM Power PLC

Global PEM Fuel Cell Market Segmentation:

By Type: Based on the Type, Global PEM Fuel Cell Market is segmented as; High Temperature, Low Temperature.

By Application: Based on the Application, Global PEM Fuel Cell Market is segmented as; Membrane Electrode Assembly, Hardware, Others.

By Material: Based on the Material, Global PEM Fuel Cell Market is segmented as; Stationary, Mobile, Portable.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa

Product Code: POAE25106

1.Introduction

1.1.Scope of the report
1.2.Market segment analysis

2.Research Methodology

2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPERs internal database
- 2.1.4.Premium insight from KOLs
2.2.Market size estimation
- 2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation

3.Executive Summary

4.Market Dynamics

4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges

5.Market variable and outlook

5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
5.3.PORTERs Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
5.4.Heat Map Analysis

6.Competitive Landscape

6.1.Global PEM Fuel Cell Market Manufacturing Base Distribution, Sales Area, Product Type
6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global PEM Fuel Cell Market

7.Global PEM Fuel Cell Market, By Type (USD Million) 2021-2034

7.1.High Temperature
7.2.Low Temperature

8.Global PEM Fuel Cell Market, By Material (USD Million) 2021-2034

8.1.Membrane Electrode Assembly
8.2.Hardware
8.3.Others

9.Global PEM Fuel Cell Market, By Application (USD Million) 2021-2034

9.1.Stationary
9.2.Mobile
9.3.Portable

10.Global PEM Fuel Cell Market, (USD Million) 2021-2034

10.1.Global PEM Fuel Cell Market Size and Market Share

11.Global PEM Fuel Cell Market, By Region, (USD Million) 2021-2034

11.1.Asia-Pacific
- 11.1.1.Australia
- 11.1.2.China
- 11.1.3.India
- 11.1.4.Japan
- 11.1.5.South Korea
- 11.1.6.Rest of Asia-Pacific
11.2.Europe
- 11.2.1.France
- 11.2.2.Germany
- 11.2.3.Italy
- 11.2.4.Spain
- 11.2.5.United Kingdom
- 11.2.6.Rest of Europe
11.3.Middle East and Africa
- 11.3.1.Kingdom of Saudi Arabia
- 11.3.2.United Arab Emirates
- 11.3.3.Qatar
- 11.3.4.South Africa
- 11.3.5.Egypt
- 11.3.6.Morocco
- 11.3.7.Nigeria
- 11.3.8.Rest of Middle-East and Africa
11.4.North America
- 11.4.1.Canada
- 11.4.2.Mexico
- 11.4.3.United States
11.5.Latin America
- 11.5.1.Argentina
- 11.5.2.Brazil
- 11.5.3.Rest of Latin America

12.Company Profile

12.1.Altergy
- 12.1.1.Company details
- 12.1.2.Financial outlook
- 12.1.3.Product summary
- 12.1.4.Recent developments
12.2.AVL
- 12.2.1.Company details
- 12.2.2.Financial outlook
- 12.2.3.Product summary
- 12.2.4.Recent developments
12.3.Ballard Power Systems
- 12.3.1.Company details
- 12.3.2.Financial outlook
- 12.3.3.Product summary
- 12.3.4.Recent developments
12.4.Cummins Inc.
- 12.4.1.Company details
- 12.4.2.Financial outlook
- 12.4.3.Product summary
- 12.4.4.Recent developments
12.5.Doosan Fuel Cell Co., Ltd.
- 12.5.1.Company details
- 12.5.2.Financial outlook
- 12.5.3.Product summary
- 12.5.4.Recent developments
12.6.ElringKlinger AG
- 12.6.1.Company details
- 12.6.2.Financial outlook
- 12.6.3.Product summary
- 12.6.4.Recent developments
12.7.Horizon Fuel Cell Technologies
- 12.7.1.Company details
- 12.7.2.Financial outlook
- 12.7.3.Product summary
- 12.7.4.Recent developments
12.8.Infinity Fuel Cell and Hydrogen, Inc.
- 12.8.1.Company details
- 12.8.2.Financial outlook
- 12.8.3.Product summary
- 12.8.4.Recent developments
12.9.Intelligent Energy Limited
- 12.9.1.Company details
- 12.9.2.Financial outlook
- 12.9.3.Product summary
- 12.9.4.Recent developments
12.10.ITM Power PLC
- 12.10.1.Company details
- 12.10.2.Financial outlook
- 12.10.3.Product summary
- 12.10.4.Recent developments
12.11.Others