Global Membrane Electrode Assemblies Market

Membrane Electrode Assemblies Market Size, Share, Growth Analysis, By Component(Membranes, Gas Diffusion Layers, Gaskets, Others), By Application(Proton Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Electrolyzers, Others), By Region - Industry Forecast 2025-2032


Report ID: SQSG20I2012 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 65 | Figures: 75

Membrane Electrode Assemblies Market Dynamics

Membrane Electrode Assemblies Market Driver

  • A practical and essential technology for transforming energy systems to ones that are more efficient and emit less carbon dioxide is the use of fuel cells and electrolyzers. However, the accessibility of various resources and technologies has come close to enabling significant national contributions to the advancement of fuel cell technology. As a result, the government has funded a variety of collaborative technologies for research and development and demonstration projects through financing competitions. For instance, the National Hydrogen and Fuel Cell Technology Innovation Programme (NIP), a strategic alliance between the German government and the business sector, is the most important component of the German roadmap for fuel cells and provides a framework for further advancement in fuel cell technologies across a variety of applications.
  • The dependence on fossil fuels as the major energy source is attributed to the car sector, which contributes to global emissions. Customers are more likely to embrace electric or zero-emission vehicles (ZEVs) than fuel cell electric cars due to rising zero-emission efforts, which are opening up new market prospects. Huge expenditures are being made by automakers to construct powerful, efficient automobiles, which opens up a lot of possibilities for fuel cell technology.

Membrane Electrode Assemblies Market Restraint

  • The performance of the stack is correlated with the manufacturing of the MEA, a critical component of the fuel cell and electrolyzers where electrochemical processes take place. Defects in MEA manufacturing, such as increased interfacial resistance between catalyst layers or a fracture in the catalyst layer, are known to affect stack deterioration. In addition to the degradation problem, the high-cost issue remains a significant impediment for the industry.
  • The MEA is humidified, which results in decreased conductivity, increased resistance in the membrane and catalyst layer, and chemical deterioration of the membrane. This type of degradation causes membrane thinning and decreased mechanical strength, which can lead to cell failure or performance loss and reduce product demand. Nevertheless, several studies have been conducted to develop defect detection in fuel cell technology.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Membrane Electrode Assemblies Market size was valued at USD 0.42 billion in 2019 and is poised to grow from USD 0.51 billion in 2023 to USD 3.09 billion by 2031, growing at a CAGR of 22.1% in the forecast period (2024-2031).

The membrane electrode assemblies market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, Blue World and Tuco have decided to work together to develop and demonstrate a flexible methanol fuel cell solution for electric workboats in order to ensure long-range, zero harmful emissions, and a net-zero operation. In the maritime sector, the Blue World methanol fuel cell technology offers a green substitute, and depending on the type of boat, the adaptable fuel cell-powered solution can be used for propulsion or auxiliary power. It may be placed anywhere on the ship or in any accessible location thanks to its versatility. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. '3M Company', 'DuPont', 'W. L. Gore & Associates, Inc.', 'Giner, Inc.', 'Ballard Power Systems, Inc.', 'Johnson Matthey Plc', 'Freudenberg Performance Materials', 'HyPlat LLC', 'Nisshinbo Holdings Inc.', 'SERELECTRO', 'JX Nippon Mining & Metals Corporation', 'Toray Industries, Inc.', 'FuelCell Energy, Inc.', 'Advent Technologies Holdings, Inc.', 'Plug Power Inc.', 'Proton OnSite', 'Sunrise Power Co., Ltd.', '2B Technologies, Inc.', 'Nedstack Fuel Cell Technology B.V.', 'ITM Power Plc.'

A practical and essential technology for transforming energy systems to ones that are more efficient and emit less carbon dioxide is the use of fuel cells and electrolyzers. However, the accessibility of various resources and technologies has come close to enabling significant national contributions to the advancement of fuel cell technology. As a result, the government has funded a variety of collaborative technologies for research and development and demonstration projects through financing competitions. For instance, the National Hydrogen and Fuel Cell Technology Innovation Programme (NIP), a strategic alliance between the German government and the business sector, is the most important component of the German roadmap for fuel cells and provides a framework for further advancement in fuel cell technologies across a variety of applications.

Many automobile manufacturers are now focusing on new technologies connected to electric, hybrid, or fuel cell vehicles as a result of the implementation of numerous international requirements for decreasing greenhouse gas emissions. Consequently, a number of manufacturers are creating brand-new, environmentally friendly technology for the car industry. For instance, in October 2020, the Council of Scientific and Industrial Research (CISR) and the KPIT industry created an LT-PEMFC fuel cell stack that is suitable for use in automotive applications and successfully tested it on a hydrogen fuel cell (HFC) prototype vehicle. To support the operation of fuel cell vehicles, the business has contributed knowledge in stack engineering, including stack assembly, system integration, control software, electric powertrain, and other components.

In 2021, Asia Pacific had the biggest share in the market. Due to the widespread consideration of fuel cell and hydrogen technologies for accomplishing the aim, the market for membrane electrode assemblies is anticipated to grow in the Asia Pacific as a result of the increased demand for electric cars and different frameworks for boosting renewable energy.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Membrane Electrode Assemblies Market

Report ID: SQSG20I2012

$5,300
BUY NOW GET FREE SAMPLE