DUBLIN--(BUSINESS WIRE)--The "Polymer Electrolyte Membrane Fuel Cells Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global polymer electrolyte (PEM) fuel cells market is in nascent phase, and it is likely to grow at a rapid rate on account of increasing demand for clean energy and increase focus toward the usage of fuel cell technology as a source of energy.

Globally, rising concern regarding pollution caused from conventional sources of energy has led to the exploration of alternate sources of energy. These type of fuel cell use a water-based, acidic polymer membrane as its electrolyte, with platinum-based electrodes.

PEM fuel cells operate at relatively low temperatures (below 100 degrees Celsius) and can tailor electrical output to meet dynamic power requirements. Due to the relatively low temperatures and the use of precious metal-based electrodes, these cells must operate on pure hydrogen. PEM fuel cells are currently the leading technology for light-duty vehicles and materials handling vehicles.

Additionally, the technological advancements, R&D work associated with fuel cell technologies, and global commitment on reduction of green-house gas emissions from the power sector are likely to drive the PEM fuel cells market.

Increasing Awareness about Clean Energy Driving the Market

Globally, increasing awareness about clean energy is providing significant impetus to alternate sources of energy. As per the Paris climate deal, countries across the globe have committed to use clean energy sources and move away from conventional fuels, which cause adverse effects on environment.

Fuel cells can be used to bridge the demand supply gap of electricity caused by reduction in usage of conventional fuels. Additionally, stringent environmental norms are likely to promulgate the demand for cleaner fuels, which in turn would drive the market for PEM fuel cells.

Asia-Pacific Holds the Highest Market Share

The Asia-Pacific region has the highest share in PEM fuel cells market, due to the significant investments made in fuel cell technologies in countries, such as Japan and South Korea. Japan and South Korea have planned to reduce the usage of nuclear energy, thereby leading to increased opportunities for alternate power source, which in turn, is a big driver for the PEM fuel cells market.

The Asia-Pacific region offers immense market opportunities for PEM fuel cells on account of widespread adoption of electric vehicles. The energy density of PEM fuel cells is much higher than that of batteries which, is likely to bolster its demand as clean fuel in transportation sector.

United States to Dominate the Market Growth

The United States is anticipated to dominate the market growth for PEM fuel cells on account of increased focus on deployment of clean energy solutions. The per capita emission of carbon dioxide in the United States is very high and overall carbon dioxide emissions is second after China.

The US government provides significant incentives for fuel cell technology and according to the Department of Energy (DOE), the fuel cell technology will be cost competitive with other options by 2018. This in turn, is likely to surge the market growth for PEM fuel cells in the United States at a rapid rate.

Major Players: DuPont Fuel Cell, Hitachi Ltd, CMR Fuel Cells PLC, Panasonic Corp., Samsung Sdi Co. Ltd, Polyfuel Inc., Sharp Corp., Toshiba Corp., Ultracell Corp., Fujikura Ltd, among others.

Reasons to Purchase this Report

  • Current and future polymer electrolyte fuel cells market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter's five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

3.1 Introduction

3.2 Market Size and Demand Forecast until 2023

3.3 Recent Trends and Developments

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)

7.1 North America

7.2 Europe

7.3 Asia-Pacific

7.4 South America

7.5 Middle East & Africa

8. Key Company Analysis

8.1 DuPont Fuel Cell

8.2 Hitachi Ltd.

8.3 CMR Fuel Cells PLC

8.4 Panasonic Corp.

8.5 Samsung SDI Co. Ltd.

8.6 Polyfuel Inc.

8.7 Sharp Corp.

8.8 Toshiba Corp.

8.9 Ultracell Corp.

8.10 Fujikura Ltd.

9. Competitive Landscape

9.1 Mergers and Acquisitions

9.2 Joint Ventures, Collaborations and Agreements

9.3 Strategies Adopted by Leading Players

For more information about this report visit https://www.researchandmarkets.com/research/95g33f/polymer?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Fuel Cells