Market Research Report
Fuel Cell Bipolar Plate Market: Current Analysis and Forecast (2021-2027)
|Fuel Cell Bipolar Plate Market: Current Analysis and Forecast (2021-2027)|
Published: October 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 227 Pages
Delivery time: 1-2 business days
After COVID 19 outbreak, population is becoming aware of the fact how pandemic naturally reduced carbon emission globally due to shut down of factories, travel and trade thereby switching to renewable and green energy, such as solar and wind and fuel cell operated by hydrogen are considered a promising source of alternative energy production. With capability to handle fluctuations and produce electricity efficiently and quickly fuel cell is gaining significant importance. Apart from consumers, investors are interested in fuel cell bipolar plate which is highly supported by government which can eventually lead to low carbon economy. For instance, China's government official in a conference, hosted by China Automotive Technology and Research Center (CATARC) in Tianjin told current policies to support new electric vehicles makers offer subsidies on sales, but the new policy will focus on helping companies which have and are developing breakthrough technologies.
During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for fuel cells. Majority of decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19 by disrupting the supply chain of fuel cells. However, demand for fuel cell is expected to come to normal post 2020.
Based on material, the global fuel cell bipolar plate market is divided into graphite, metal, carbon composite. Foil-based graphite bipolar plate which is advanced type of graphite holds a considerable market share owing to production of thin walled graphite bipolar plates that delivers low corrosion and high electrical and thermal conductivity. For instance, a leading material electro-thermal treatment/purification market player developed a high electrical and thermal conductivity graphite product to meet large fuel cell requirement. In addition, they have utilized their unique techniques to produce high purity and graphite products to improve bipolar plate operating life. Further, by the end of forecast period metal based fuel cells are likely to showcase influential growth rate in the near-term, metal-based fuel cells would replace backup generators, which are currently driven by internal combustion engines.
Based on application, proton exchange membrane fuel cell, solid oxide fuel cell, phosphoric acid fuel cell, molten carbonate fuel cell, direct methanol fuel cell are the different types of fuel cell bipolar plate that allowed the fuel cell industry grow at a substantial rate owing to increasing demand of clean energy and device to produce electricity efficiently. Despite of the fact proton exchange membrane fuel cell's water waste management is complex, it held significant market share as they can operate at relatively low temperatures and can quickly vary their output to meet shifting power demands. Further, solid oxide fuel cell may showcase robust growth during the forecast period owing high power efficiency and durability, low emissions, flexibility with fuel and relatively low cost. In addition, advancements are being made to reduce the high operating temperature which reduces its mechanical and chemical compatibility and increases start-up times.
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia Pacific is expected to see a high demand for fuel cell technology owing to the growing use of fuel cell-powered vehicles in the region. Also, the increasing power generation from cleaner energy sources is further expected to boost the advances in fuel cell technology market in the region. Moreover, presence of major fuel cell manufacturing companies like Asia Pacific Fuel Cell Technologies and Fuji Electric are operating in the region thereby helping automotive industry to grow.
The global fuel cell bipolar plate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.