Global PEMFC (Proton Exchange Membrane Fuel Cells) Market to Reach $16.3 Billion by 2027
Amid the COVID-19 crisis, the global market for PEMFC (Proton Exchange Membrane Fuel Cells) estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$16.3 Billion by 2027, growing at a CAGR of 19.8% over the period 2020-2027.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 19% CAGR
The PEMFC (Proton Exchange Membrane Fuel Cells) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 19% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.We bring years of research experience to this 9th edition of our report. The 97-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Altergy Systems
- Ballard Power Systems, Inc.
- FKK Corporation
- FuelCell Energy, Inc.
- Horizon Fuel Cell Technologies Pte Ltd.
- Hydrogenics Corporation
- Johnson Matthey Fuel Cells
- Nedstack Fuel Cell Technology BV
- Nuvera Fuel Cells LLC
- Oorja Corporation
- Plug Power Inc.
- Protonex Technology Corporation
- RELiON Battery, LLC
- SerEnergy A/S
- Shanghai EverPower Technologies., Ltd.
- Toho Gas Co., Ltd.