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Recent Study on PEM Fuel Cells Market: 2018 Global Industry Status, Segment by Region, Type and Future Forecast until 2023 | 360 Market Updates

PEM Fuel Cells

PEM Fuel Cells Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The PEM Fuel Cells market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

PEM Fuel Cells Market report is anticipated to register a CAGR of XX% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global PEM Fuel Cells Market are –

  • Dupont Fuel Cell
  • Hitachi Ltd
  • Cmr Fuel Cells Plc
  • Panasonic Corp
  • Samsung Sdi Co Ltd
  • Polyfuel Inc
  • Sharp Corp
  • Toshiba Corp
  • Ultracell Corp
  • Fujikura Ltd

The global polymer electrolyte (PEM) fuel cells market is in nascent phase and it is likely to grow at a rapid rate on account of increasing demand for clean energy and increase focus towards usage of fuel cell technology as a source of energy. Globally, the rising concern regarding pollution caused from conventional sources of energy has led to explore the alternate sources of energy. These type of fuel cell uses a water-based, acidic polymer membrane as its electrolyte, with platinum-based electrodes. PEM fuel cells operate at relatively low temperatures (below 100 degrees Celsius) and can tailor electrical output to meet dynamic power requirements. Due to the relatively low temperatures and the use of precious metal-based electrodes, these cells must operate on pure hydrogen. PEM fuel cells are currently the leading technology for light duty vehicles and materials handling vehicles Apart from that the technological advancements, research and development work associated with fuel cell technologies and global commitment on reduction of green-house gases emissions from power sector is likely to drive the PEM fuel cells market.

Increasing awareness about clean energy – Driving the Market

Globally, the increasing awareness about clean energy is providing a huge impetus to alternate sources of energy. As per the Paris climate deal, the countries across the globe have committed to use clean energy sources and move away from conventional fuels which cause adverse effects on environment. The fuel cells can be used to bridge the demand supply gap of electricity caused by reduction in usage of conventional fuels. Furthermore, stringent environmental norms is likely to promulgate the demand for cleaner fuels, which in turn would drive the market for PEM fuel cells.

Asia Pacific – Region with the Highest Market Share

Asia Pacific region has highest share in PEM fuel cells market, owing to huge investments made in fuel cell technologies in countries such as Japan and South Korea. Japan and South Korea have planned to reduce the usage of nuclear energy thereby leading to increased opportunities for alternate power source, which in turn, is a big driver for PEM fuel cells market. The Asia Pacific region offers immense market opportunities for PEM fuel cells on account of widespread adoption of electric vehicles. The energy density of PEM fuel cells is much higher than that of batteries which is likely to bolster its demand as clean fuel in transportation sector.

United States to Dominate the Market Growth

The US is anticipated to dominate the market growth for PEM fuel cells on account of increased focus on deployment of clean energy solutions. The per capita emission of carbon dioxide in the US very high and overall carbon dioxide emissions is second after China. The US government provide huge incentive to fuel cell technology and according to the Department of Energy (DOE), the fuel cell technology will be cost competitive with other options by 2018. This in turn is likely to surge the market growth for PEM fuel cells in the US at a rapid rate.

The major players include – Dupont Fuel Cell, Hitachi Ltd., Cmr Fuel Cells Plc, amongst others.

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Scope of the Report:

The report analyses PEM Fuel Cells market, which includes –

  • Analysis of the growth of PEM Fuel Cells market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides PEM Fuel Cells market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level PEM Fuel Cells market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on PEM Fuel Cells market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of PEM Fuel Cells Market Report:

  • Varying dynamics of the PEM Fuel Cells industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • PEM Fuel Cells market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • PEM Fuel Cells market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase PEM Fuel Cells Market Report:

  • The report analyses how stringent emission control norms will drive the global PEM Fuel Cells market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major PEM Fuel Cells market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of PEM Fuel Cells:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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