(MENAFN- America News Hour) The Fuel cells showcase a natural and clean alternative to the recent technologies considering hydrocarbons as the fuel resource. Today, the fuel cells are manufactured to act as a source of power for power passenger vehicles, homes, commercial infrastructures and commonly used devices like laptops. Polymer Electrolyte Membrane (PEM) Fuel cell is a type of proton exchange fuel cell that derives its name from a special plastic membrane that is used as the electrolyte. In recent days, it has gained importance with regards to its applications as a quick start medium generally in case of automobiles.
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Market Dynamics
There remain many factors acting as the driving and constraining force for the market.
Driving factors:
– Potential to revolutionize the nations depending on the power usage type
– Clean and efficient way of energy consumption
– Fuel Flexibility
– Can replace the internal combustion engines
– Technology majorly suitable for light duty and easy handling of automobiles
Constraint factors:
– Low temperature requirement
– Use of Precious metal electrode make the product a bit costlier
– Acquiring Pure Hydrogen for its use
– Many substitutes of PEM cells
Market Segmentation
The Global Polymer Electrolyte Membrane (PEM) Fuel Cell Market is segmented on the basis of the type of the electrode used. PEM Fuel Cells normally uses a water-based, acidic polymer membrane electrolyte along with precious metal electrodes. Other than that the low temperature and the ability to cater to varying power requirement differentiates among other competing cells.
Regional/Geographic Analysis
The Polymer Electrolyte Membrane (PEM) Fuel Cell Market is significantly clouded in North America. The reason is bracketed to the heavy investment of North America towards the innovation and renovation of the Polymer Electrolyte Membrane (PEM) cells.
This sole factor maintains the possibility of the region to be the leading market in the near future (2022). Along with North America, Asia-Pacific and Europe also hold a major chunk of the market.
Opportunities
Although the PEM Fuel Cell Market is growing at a steady pace but the high cost is still a handicap to the market mainly for large-scale commercialization. The substantial portion of the cost is majorly by the Electrolytes and membranes used in the cell.
On analyzing the Fuel Cell cost, the reduction in the cost of the Membrane and Electrolyte assembly can greatly affect the ultimate cost of the Fuel Cell. Undergoing the above-mentioned reduction can make the market competitive with that of internal combustion machines and increase the use of the Cells as a source of power generation in untouched sectors.
Key Players
Some of the major players in the market include:
– Nuvera Fuel Cells
– FKK
– Nedstack PEM Fuel Cells
– Hydrogenics
– Plug Power
– Protonex
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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