Global Proton Exchange Membrane (PEM) Fuel Cells Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Proton Exchange Membrane (PEM) Fuel Cells market size was valued at US$ 4047 million in 2024 and is forecast to a readjusted size of USD 5141 million by 2031 with a CAGR of 3.5% during review period.

Proton-exchange membrane fuel cells (PEMFC), also known as polymer electrolyte membrane (PEM) fuel cells, 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.

According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.

This report is a detailed and comprehensive analysis for global Proton Exchange Membrane (PEM) Fuel Cells market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Proton Exchange Membrane (PEM) Fuel Cells market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Proton Exchange Membrane (PEM) Fuel Cells market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Proton Exchange Membrane (PEM) Fuel Cells market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Proton Exchange Membrane (PEM) Fuel Cells market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Proton Exchange Membrane (PEM) Fuel Cells

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Proton Exchange Membrane (PEM) Fuel Cells market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Plug Power, Ballard, Sunrise Power, Panasonic, Nuvera Fuel Cells, Hydrogenics, Vision Group, Nedstack PEM Fuel Cells, Shenli Hi-Tech, Altergy Systems, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Proton Exchange Membrane (PEM) Fuel Cells market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Compressed Gaseous Hydrogen
Cryogenic Liquid Hydrogen
Hydrides

Market segment by Application
Transportation
Stationary Fuel-cell
Portable Fuel-cell

Major players covered
Plug Power
Ballard
Sunrise Power
Panasonic
Nuvera Fuel Cells
Hydrogenics
Vision Group
Nedstack PEM Fuel Cells
Shenli Hi-Tech
Altergy Systems
Horizon Fuel Cell Technologies

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Proton Exchange Membrane (PEM) Fuel Cells product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Proton Exchange Membrane (PEM) Fuel Cells, with price, sales quantity, revenue, and global market share of Proton Exchange Membrane (PEM) Fuel Cells from 2020 to 2025.

Chapter 3, the Proton Exchange Membrane (PEM) Fuel Cells competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Proton Exchange Membrane (PEM) Fuel Cells breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Proton Exchange Membrane (PEM) Fuel Cells market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Proton Exchange Membrane (PEM) Fuel Cells.

Chapter 14 and 15, to describe Proton Exchange Membrane (PEM) Fuel Cells sales channel, distributors, customers, research findings and conclusion.