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Global PEM Fuel Cell Market Growth, Size, Trends Analysis - By Type, By Application, By Material - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Jul 24, 2025
Length 244 Pages
SKU # SPER20400320

Description

PEM Fuel Cell Market Introduction and Overview

According to SPER market research, ‘Global PEM Fuel Cell Market Size- By Type, By Application, By Material – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global PEM Fuel Cell Market is predicted to reach 13.93 billion by 2034 with a CAGR of 15.26%.

A proton exchange membrane (PEM) fuel cell is an electrochemical device that uses chemical energy from hydrogen and oxygen to generate electricity while emitting only water and heat as byproducts. It functions at relatively low temperatures, typically between 60°C and 80°C, and uses a solid polymer membrane as the electrolyte. The PEM fuel cell comprises of a membrane electrode assembly (MEA), where the electrochemical reaction occurs.

Restraints: The PEM fuel cell market has various major challenges that limit widespread use. One of the most major obstacles is the high cost of production, which is made worse by the use of expensive platinum-based catalysts. Furthermore, the shortage of hydrogen refuelling infrastructure hinders the implementation of fuel cell vehicles and stationary equipment. Concerns concerning hydrogen storage, safety, and transportation further hinder industry growth.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Application, By Material

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Altergy, AVL, Ballard Power Systems, Cummins Inc., Doosan Fuel Cell Co., Ltd., ElringKlinger AG, Horizon Fuel Cell Technologies, Infinity Fuel Cell and Hydrogen, Inc., Intelligent Energy Limited, ITM Power PLC

Global PEM Fuel Cell Market Segmentation:

By Type:

Based on the Type, Global PEM Fuel Cell Market is segmented as; High Temperature, Low Temperature.

By Application:

Based on the Application, Global PEM Fuel Cell Market is segmented as; Membrane Electrode Assembly, Hardware, Others.

By Material:

Based on the Material, Global PEM Fuel Cell Market is segmented as; Stationary, Mobile, Portable.

By Region:

This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa

Table of Contents

244 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global PEM Fuel Cell Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global PEM Fuel Cell Market
7. Global PEM Fuel Cell Market, By Type (USD Million) 2021-2034
7.1. High Temperature
7.2. Low Temperature
8. Global PEM Fuel Cell Market, By Material (USD Million) 2021-2034
8.1. Membrane Electrode Assembly
8.2. Hardware
8.3. Others
9. Global PEM Fuel Cell Market, By Application (USD Million) 2021-2034
9.1. Stationary
9.2. Mobile
9.3. Portable
10. Global PEM Fuel Cell Market, (USD Million) 2021-2034
10.1. Global PEM Fuel Cell Market Size and Market Share
11. Global PEM Fuel Cell Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. Altergy
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. AVL
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Ballard Power Systems
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Cummins Inc.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Doosan Fuel Cell Co., Ltd.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. ElringKlinger AG
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Horizon Fuel Cell Technologies
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Infinity Fuel Cell and Hydrogen, Inc.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Intelligent Energy Limited
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. ITM Power PLC
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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