Automotive Proton Exchange Membrane Fuel Cell Market 2022 Insights with Statistics and Growth Prediction –Plug Power, Ballard, Nuvera Fuel Cells

Automotive Proton Exchange Membrane Fuel Cell Market Report 2021: New Business Ideas and Perceptions

The Automotive Proton Exchange Membrane Fuel Cell market is projected to reach USD 1,285 million by 2027 from USD 799 million in 2020, at a CAGR of 11.1%.

The report titled “Automotive Proton Exchange Membrane Fuel Cell Market” has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts. The comprehensive Automotive Proton Exchange Membrane Fuel Cell market Report will help clients to understand the market ups-downs and numerous different angles.

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Market Overview-

Automotive Proton Exchange Membrane Fuel Cell operations rely highly on hydrogen. Hydrogen infrastructure includes hydrogen production, storage, transportation, and distribution. Once hydrogen is produced, it needs to be distributed. It can be sent to point-of-use either through pipelines or through different means of transportation. The commercial roll-out of hydrogen fuel cell vehicles depends on the availability of hydrogen fuel pumps. The US has the largest number of hydrogen refueling stations, which are major centers for fuel cell vehicles. Due to these factors, the country is projected to be the largest market during the forecast period, as well as Japan and Germany will remain favorable markets for fuel cell vehicles. However, other parts of the world lack the infrastructure necessary for the delivery of hydrogen. According to industry experts, the number of hydrogen filling stations for vehicles in these regions would increase over a decade.

Key Highlights-

Automotive Proton Exchange Membrane Fuel Cell generate energy from fuels such as methanol and natural gas and produce heat and water. The type of fuel required for operations depends not only on the type of the membrane but also on the type of catalyst used in the fuel cell. Some fuel cells based on the proton-exchange membrane (PEM) require pure hydrogen for operations, while others are fuel-flexible, thereby providing ease of operation to users. For instance, phosphoric acid fuel cells (PAFCs), solid oxide fuel cells (SOFCs), alkaline fuel cells (AFCs), and direct methanol fuel cells (DMFCs) can operate properly without the availability of pure hydrogen.

Key Players-

Plug Power, Ballard, Nuvera Fuel Cells, Hydrogenics, Sunrise Power, Panasonic, Vision Group, Nedstack PEM Fuel Cells, Shenli Hi-Tech, Altergy Systems, Horizon Fuel Cell Technologies, Foresight and Others.

Market Segmentation-

By Type-

Compressed Gaseous Hydrogen

Cryogenic Liquid Hydrogen

Hydrides

By Application-

Passenger Vehicle

Commercial Vehicle

Regional Analysis-

Asia Pacific witnessed the maximum investment in terms of capacity expansion by renewable means of energy generation. This is attributed to the increasing investments by countries such as China and India in solar technology, which have targets of offering 680 GW and 227 GW solutions, respectively, until 2022, followed by North and South America. As these technologies are gaining momentum for power generation, the use of batteries has also increased for providing off-grid and grid energy storage, which is supported by the decreasing cost of batteries. All these factors collectively pose challenges for key players in the advances in fuel cell technology market.

Major TOC Of the Automotive Proton Exchange Membrane Fuel Cell Market-

Chapter 1- Automotive Proton Exchange Membrane Fuel Cell Market Overview

Chapter 2- Global Economic Impact on Industry

Chapter 3- Global Automotive Proton Exchange Membrane Fuel Cell Market Competition by Manufacturers

Chapter 4-Global Production, Revenue (Value) by Region

Chapter 5 -Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6- Global Production, Revenue (Value), Price Trend by Type

Chapter 7 -Global Automotive Proton Exchange Membrane Fuel Cell Market Analysis by Application

Chapter 8- Manufacturing Cost Analysis

Chapter 9 -Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10- Marketing Strategy Analysis, Distributors/Traders

Chapter 11- Automotive Proton Exchange Membrane Fuel Cell Market Effect Factors Analysis

Chapter 12- Global Automotive Proton Exchange Membrane Fuel Cell Market Forecast

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Reasons to Buy this Report-

This report provides pin-point analysis for changing competitive dynamics.
It provides a forward looking perspective on different factors driving or restraining market growth.
It provides a six-year forecast assessed on the basis of how the Automotive Proton Exchange Membrane Fuel Cell market is predicted to grow.
It helps in understanding the key product segments and their future.
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
It provides distinctive graphics and exemplified SWOT analysis of major market segments.

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