Global PEMFC (Proton Exchange Membrane Fuel Cells) Industry

Global PEMFC (Proton Exchange Membrane Fuel Cells) Industry

  • September 2020 •
  • 97 pages •
  • Report ID: 5957654 •
  • Format: PDF
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.