Proton Exchange Membrane Fuel Cells（PEMFC) market was valued at US$ 1062 million in 2022 and is anticipated to reach US$ 7527.9 million by 2029, witnessing a CAGR of 31.9% - Valuates Reports

Proton Exchange Membrane Fuel Cells（PEMFC) market was valued at US$ 1062 million in 2022 and is anticipated to reach US$ 7527.9 million by 2029, witnessing a CAGR of 31.9% during the forecast period 2023-2029.

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Proton-exchange membrane fuel cells, also known as polymer electrolyte membrane (PEM) fuel cells (PEMFC), are a type of fuel cell being developed mainly for transport applications, as well as for stationary fuel-cell applications and portable fuel-cell applications. Their distinguishing features include lower temperature/pressure ranges (50 to 100 °C) and a special proton-conducting polymer electrolyte membrane. PEMFCs generate electricity and operate on the opposite principle to PEM electrolysis, which consumes electricity. They are a leading candidate to replace the aging alkaline fuel-cell technology, which was used in the Space Shuttle.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global key Proton Exchange Membrane Fuel Cell (PEMFC) manufacturers include 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, Foresightetc and etc.

This report aims to provide a comprehensive presentation of the global market for Proton Exchange Membrane Fuel Cells（PEMFC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Proton Exchange Membrane Fuel Cells（PEMFC).
The Proton Exchange Membrane Fuel Cells（PEMFC) market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Proton Exchange Membrane Fuel Cells（PEMFC) market comprehensively. Regional market sizes, concerning products by technology, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Proton Exchange Membrane Fuel Cells（PEMFC) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by technology, by application, and by regions.

Segment by Technology
Compressed Gaseous Hydrogen
Cryogenic Liquid Hydrogen
Hydrides

Segment by Application
Transportation
Stationary
Others

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