Proton Exchange Membrane Fuel Cell (PEMFC) Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	158 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224312

Best Price Guarantee
Price	from $4,850
Length	158 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224312

Proton Exchange Membrane Fuel Cell (PEMFC) Market

Growth Factors of Proton Exchange Membrane Fuel Cell (PEMFC) Market

The proton exchange membrane fuel cell (PEMFC) market size was valued at USD 323.52 million in 2023, and the market is now projected to grow from USD 558.05 million in 2024 to USD 2873.19 million by 2032, exhibiting a CAGR of 22.73% during the forecast period of 2024-2032.

The outbreak of COVID-19 presented major issues to the proton exchange membrane fuel cell (PEMFC) market concerning stationary use. Due to the shutdown of few large-scale sectors in the commercial and industrial front, there has been a decline in the demand for PEMFC systems. Furthermore, disrupted supply chain affected the production and delivery of PEMFC components which resulted to delay in fabrication and high costs.

Increasing awareness about the need for cleaner energy solutions that will lower CO2 emissions is driving equipment with proton exchange membrane fuel cells (PEMFCs) for stationary use. PEMFCs deliver clean power for the world as they can generate electricity with water and heat being the only outputs. This helps support international sustainable development aspirations because electricity generation produces about a quarter of global greenhouse gas emissions, as estimated by the U.S. EPA in 2021.

Over the last few years, the total number of establishments in the data centers has increased significantly mainly because of the growing IT and telecommunication sectors. Internet of Things (IoT) devices have played a key role in enhancing this growth as data centers are required to manage the tremendous amount of data produced by these devices. The primary reason for this trend relates to the processes of digitalization both in various fields and industries.

Comprehensive Analysis of Proton Exchange Membrane Fuel Cell (PEMFC) Market

The proton exchange membrane fuel cell (PEMFC) market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by end user analysis. By end user analysis include power plants, data centers, steel industry, healthcare, marine port, chemical industry, commercial & residential, and others.

The North America region lead the proton exchange membrane fuel cell (PEMFC) market share by benefitting a market size of USD 146.52 million in 2023 due to increasing investments in clean energy technologies.

The top players in the markets have a central responsibility in the power & energy industry to be sure of industrial prospectus development and to establish the market norms. These players include, Plug Power Inc., Cummins Inc., Toshiba Corporation, TW Horizon Fuel Cell Technologies, Nedstack Fuel Cell Technology BV, ElringKlinger AG, Intelligent Energy Limited, Ballard Power Systems, Nuvera Fuel Cells, LLC, Johnson Matthey these market players provide a level-playing competitive landscape.

In October 2023, TW Horizon launched a containerized 2MW PEM fuel cell ""Combined Heat and Power"" (CHP) system, targeting the installation of stationary power plants up to 100MW worldwide.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 22.73% from 2024 to 2032

Unit Value (USD Million)

Segmentation By End-User and By Region

Segmentation By End-User

Power Plants
Data Center
Steel Industry
Healthcare
Marine Port
Chemical Industry
Commercial & Residential
Others

By Region

North America (By End-user and By Country)
U.S. (By End-user)
Canada (By End-user)
Europe (By End-user and By Country)
U.K. (By End-user)
Germany (By End-user)
France (By End-user)
Netherlands (By End-user)
Rest of the Europe (By End-user)
Asia Pacific (By End-user and By Country)
China (By End-user)
South Korea (By End-user)
Japan (By End-user)
Rest of Asia Pacific (By End-user)
Rest of the World (By End-user)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Latest Technological Advancement; 4.3. Insight on Regulatory Landscape; 4.4. Porters Five Forces Analysis; 4.5. Impact of COVID-19 on the Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application; 4.6. Analysis of PEMFC Used Cases & Scenarios
5. Global Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application (KW, USD Million) Analysis, Insights, and Forecast, 2019-2032: 5.1. Key Findings; 5.2. Market Analysis, Insights and Forecast – By End-User; 5.2.1. Power Plants; 5.2.2. Data Center; 5.2.3. Steel Industry; 5.2.4. Healthcare; 5.2.5. Marine Port; 5.2.6. Chemical Industry; 5.2.7. Commercial & Residential; 5.2.8. Others; 5.3. Market Analysis, Insights and Forecast – By Region; 5.3.1. North America; 5.3.2. Europe; 5.3.3. Asia Pacific; 5.3.4. Rest of the World
6. North America Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application (KW, USD Million) Analysis, Insights, and Forecast, 2019-2032: 6.1. Key Findings; 6.2. Market Analysis, Insights and Forecast – By End-User; 6.2.1. Power Plants; 6.2.2. Data Center; 6.2.3. Steel Industry; 6.2.4. Healthcare; 6.2.5. Marine Port; 6.2.6. Chemical Industry; 6.2.7. Commercial & Residential; 6.2.8. Others; 6.3. Market Analysis, Insights and Forecast – By Country; 6.3.1. U.S. Market Analysis, Insights, and Forecast – By End-User; 6.3.1.1. Power Plants; 6.3.1.2. Data Center; 6.3.1.3. Steel Industry; 6.3.1.4. Healthcare; 6.3.1.5. Marine Port; 6.3.1.6. Chemical Industry; 6.3.1.7. Commercial & Residential; 6.3.1.8. Others; 6.3.2. Canada Market Analysis, Insights, and Forecast – By End-User; 6.3.2.1. Power Plants; 6.3.2.2. Data Center; 6.3.2.3. Steel Industry; 6.3.2.4. Healthcare; 6.3.2.5. Marine Port; 6.3.2.6. Chemical Industry; 6.3.2.7. Commercial & Residential; 6.3.2.8. Others
7. Europe Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application (KW, USD Million) Analysis, Insights, and Forecast, 2019-2032: 7.1. Key Findings; 7.2. Market Analysis, Insights and Forecast – By End-User; 7.2.1. Power Plants; 7.2.2. Data Center; 7.2.3. Steel Industry; 7.2.4. Healthcare; 7.2.5. Marine Port; 7.2.6. Chemical Industry; 7.2.7. Commercial & Residential; 7.2.8. Others; 7.3. Market Analysis, Insights and Forecast – By Country; 7.3.1. UK Market Analysis, Insights, and Forecast – By End-User; 7.3.1.1. Power Plants; 7.3.1.2. Data Center; 7.3.1.3. Steel Industry; 7.3.1.4. Healthcare; 7.3.1.5. Marine Port; 7.3.1.6. Chemical Industry; 7.3.1.7. Commercial & Residential; 7.3.1.8. Others; 7.3.2. Germany Market Analysis, Insights, and Forecast – By End-User; 7.3.2.1. Power Plants; 7.3.2.2. Data Center; 7.3.2.3. Steel Industry; 7.3.2.4. Healthcare; 7.3.2.5. Marine Port; 7.3.2.6. Chemical Industry; 7.3.2.7. Commercial & Residential; 7.3.2.8. Others; 7.3.3. France Market Analysis, Insights, and Forecast – By End-User; 7.3.3.1. Power Plants; 7.3.3.2. Data Center; 7.3.3.3. Steel Industry; 7.3.3.4. Healthcare; 7.3.3.5. Marine Port; 7.3.3.6. Chemical Industry; 7.3.3.7. Commercial & Residential; 7.3.3.8. Others; 7.3.4. Netherland Market Analysis, Insights, and Forecast – By End-User; 7.3.4.1. Power Plants; 7.3.4.2. Data Center; 7.3.4.3. Steel Industry; 7.3.4.4. Healthcare; 7.3.4.5. Marine Port; 7.3.4.6. Chemical Industry; 7.3.4.7. Commercial & Residential; 7.3.4.8. Others; 7.3.5. Rest of Europe Market Analysis, Insights, and Forecast – By End-User; 7.3.5.1. Power Plants; 7.3.5.2. Data Center; 7.3.5.3. Steel Industry; 7.3.5.4. Healthcare; 7.3.5.5. Marine Port; 7.3.5.6. Chemical Industry; 7.3.5.7. Commercial & Residential; 7.3.5.8. Others
8. Asia Pacific Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application (KW, USD Million) Analysis, Insights, and Forecast, 2019-2032: 8.1. Key Findings; 8.2. Market Analysis, Insights and Forecast – By End-User; 8.2.1. Power Plants; 8.2.2. Data Center; 8.2.3. Steel Industry; 8.2.4. Healthcare; 8.2.5. Marine Port; 8.2.6. Chemical Industry; 8.2.7. Commercial & Residential; 8.2.8. Others; 8.3. Market Analysis, Insights and Forecast – By Country; 8.3.1. China Market Analysis, Insights, and Forecast – By End-User; 8.3.1.1. Power Plants; 8.3.1.2. Data Center; 8.3.1.3. Steel Industry; 8.3.1.4. Healthcare; 8.3.1.5. Marine Port; 8.3.1.6. Chemical Industry; 8.3.1.7. Commercial & Residential; 8.3.1.8. Others; 8.3.2. South Korea Market Analysis, Insights, and Forecast – By End-User; 8.3.2.1. Power Plants; 8.3.2.2. Data Center; 8.3.2.3. Steel Industry; 8.3.2.4. Healthcare; 8.3.2.5. Marine Port; 8.3.2.6. Chemical Industry; 8.3.2.7. Commercial & Residential; 8.3.2.8. Others; 8.3.3. Japan Market Analysis, Insights, and Forecast – By End-User; 8.3.3.1. Power Plants; 8.3.3.2. Data Center; 8.3.3.3. Steel Industry; 8.3.3.4. Healthcare; 8.3.3.5. Marine Port; 8.3.3.6. Chemical Industry; 8.3.3.7. Commercial & Residential; 8.3.3.8. Others; 8.3.4. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By End-User; 8.3.4.1. Power Plants; 8.3.4.2. Data Center; 8.3.4.3. Steel Industry; 8.3.4.4. Healthcare; 8.3.4.5. Marine Port; 8.3.4.6. Chemical Industry; 8.3.4.7. Commercial & Residential; 8.3.4.8. Others
9. Rest of the World Proton Exchange Membrane Fuel Cell (PEMFC) Market for Stationary Application (KW, USD Million) Analysis, Insights, and Forecast, 2019-2032: 9.1. Key Findings; 9.2. Market Analysis, Insights and Forecast – By End-User; 9.2.1. Power Plants; 9.2.2. Data Center; 9.2.3. Steel Industry; 9.2.4. Healthcare; 9.2.5. Marine Port; 9.2.6. Chemical Industry; 9.2.7. Commercial & Residential; 9.2.8. Others
10. Competitive Analysis: 10.1. Company Market Share Analysis, 2023; 10.2. Company Profile; 10.2.1. Plug Power; 10.2.1.1. Business Overview; 10.2.1.2. Product End-User, & Services; 10.2.1.3. Recent Developments; 10.2.1.4. Financials (Based on Availability); 10.2.2. Cummins; 10.2.2.1. Business Overview; 10.2.2.2. Product End-User, & Services; 10.2.2.3. Recent Developments; 10.2.2.4. Financials (Based on Availability); 10.2.3. Toshiba Corporation; 10.2.3.1. Business Overview; 10.2.3.2. Product End-User, & Services; 10.2.3.3. Recent Developments; 10.2.3.4. Financials (Based on Availability); 10.2.4. TW Horizon Fuel Cell Technologies; 10.2.4.1. Business Overview; 10.2.4.2. Product End-User, & Services; 10.2.4.3. Recent Developments; 10.2.4.4. Financials (Based on Availability); 10.2.5. Nedstack Fuel Cell Technology BV; 10.2.5.1. Business Overview; 10.2.5.2. Product End-User, & Services; 10.2.5.3. Recent Developments; 10.2.5.4. Financials (Based on Availability); 10.2.6. ElringKlinger AG; 10.2.6.1. Business Overview; 10.2.6.2. Product End-User, & Services; 10.2.6.3. Recent Developments; 10.2.6.4. Financials (Based on Availability); 10.2.7. Intelligent Energy Limited; 10.2.7.1. Business Overview; 10.2.7.2. Product End-User, & Services; 10.2.7.3. Recent Developments; 10.2.7.4. Financials (Based on Availability); 10.2.8. Ballard Power Systems; 10.2.8.1. Business Overview; 10.2.8.2. Product End-User, & Services; 10.2.8.3. Recent Developments; 10.2.8.4. Financials (Based on Availability); 10.2.9. Nuvera Fuel Cells, LLC; 10.2.9.1. Business Overview; 10.2.9.2. Product End-User, & Services; 10.2.9.3. Recent Developments; 10.2.9.4. Financials (Based on Availability); 10.2.10. Johnson Matthey; 10.2.10.1. Business Overview; 10.2.10.2. Product End-User, & Services; 10.2.10.3. Recent Developments; 10.2.10.4. Financials (Based on Availability)