Polymer Electrolyte Membrane Fuel Cells Market 2022: Growing Demand Analysis by Companies Strategy, Developments, Market Position, Opportunities, and New Product Launches

The Polymer Electrolyte Membrane Fuel Cells Market 2022 report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2022 to 2028. The structured analysis contains graphical as well as a diagrammatic representation of the global Polymer Electrolyte Membrane Fuel Cells Market with its specific geographical regions.

The Global Polymer Electrolyte Membrane Fuel Cells Market Size is Projected to Reach at a CAGR of 19% during 2022-2028.

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Market Overview:

Recent government initiatives along with growing private investment support is expected to drive the PEMFCs market during the forecast period..
The technological advancements in PEMFCs such as reducing the of share of platinum in the fuel cell which in turn decreases its final cost, is expected to create several opportunities in the market in the future.

The key manufacturers covered in this report:

Altergy Systems, Ballard Power Systems, Toshiba Corp., Bramble Energy, ElectroChem, FKK, Fuelcell Energy, Fujikura, Horizon Fuel Cell Technologies, Ultracell Corp, Hydrogenics Corporation, IdaTech, Intelligent Energy Limited, ITM Power Plc., Jadoo, Johnson Matthey Fuel Cells, Voller Energ, Plug Power Inc., Powercell Sweden AB, Protonex, ReliOn, Inc., Sharp Corp, Tanaka

Recent Development

In September 2020, Ballard Power Systems launched its FCgen-HPS Product, a zero-emission, photon exchange membrane fuel cell stack for light, medium, and heavy-duty vehicles. The product was completely designed and developed by Ballard in association with Audi AG. The product is expected to have a power density of 4.3 kilowatts per liter, and power output of 140kW. Further, it has an operating temperature of -28°C to 95°C.
In June 2020, Panasonic Corporation launched a home-use fuel cell cogeneration system, named "Ene-Farm." The system is expected to have around 97% efficiency, which can be used for various domestic purposes like electrical power supply, hot water supply, and heating during a power outage. The system complies with the ECHONET Lite Standard and can be remotely operated to a residence with Home Energy Management System

Segmentation by type:

Stationary Fuel Cells
Portable Fuel Cells

Segmentation by application:

Distributed Generation
Standby Power
Space Shuttle
Other

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Asia-Pacific Expected to Dominate the Market

Asia-Pacific is one of the promising regional markets for polymer electrolyte membrane fuel cells, on account of the favorable government policies for clean energy usage in countries, such as China, Japan, and South Korea.
China is considered to be the country with one of the highest potentials for PEMFC due to the following reasons:
The hydrogen fuel cell industry in the country has been gaining traction on the back of favorable national and provincial government subsidies and incentive programs from local authorities, mainly to encourage the uptake of hydrogen vehicles to cut pollution.

The regions are further sub-divided into:

North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa

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Highlights of the Polymer Electrolyte Membrane Fuel Cells Market Report:

Detailed overview of Polymer Electrolyte Membrane Fuel Cells Market
Changing the Polymer Electrolyte Membrane Fuel Cells market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Polymer Electrolyte Membrane Fuel Cells market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Polymer Electrolyte Membrane Fuel Cells Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

Finally, the Polymer Electrolyte Membrane Fuel Cells Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Polymer Electrolyte Membrane Fuel Cells industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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By Product Type, Applications & Growth Factors
Industry Status and Outlook for Major Applications / End Users / Usage Area

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