Report ID: SQMIG10D2039
Proton Exchange Membrane Fuel Cell Market Size, Share, Growth Analysis, By Type(High Temperature, Low Temperature), By Material(Membrane Electrode Assembly, Hardware), By Application(Stationary, Portable, Transport), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG10D2039 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
71
Proton Exchange Membrane Fuel Cell Market Dynamics
Drivers
Better Fuel Efficiency and Less Dependency on Fossil Fuels
- Proton exchange membrane fuel cells are a flexible power source that can be used in a wide range of applications, including mobile, stationary, and transportation systems. Adoption of them helps to strengthen and diversify the world's energy infrastructure. The ever-increasing need for power worldwide can be met with a clean, dependable, and highly efficient solution thanks to this technology. Consequently, PEMFCs are projected to grow across a variety of sectors in the near future due to the growing desire for increased fuel efficiency and the acceptance of zero-emission automobiles.
Restraints
Supply Chain Vulnerability
- Critical raw materials, such platinum and other precious metals, are needed to produce PEMFCs, but their availability and price are vulnerable to change. Manufacturers may have difficulties as a result of their reliance on particular resources and their availability, which could result in higher production costs and delays. Research into substitute catalyst materials and recycling techniques is one way to lessen this constraint, but as these approaches are still being developed, supply chain stability is a major worry for the sector.
Proton Exchange Membrane Fuel Cell Market Report Snapshots
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