Membrane Electrode Assemblies Market:Overview
A membraneelectrode assembly (MEA) is a core component in all fuel cell technologies. Itconverts chemical energy from a fuel into electricity through a chemicalreaction with oxygen or another oxidizing agents. An MEA consists of twoelectrodes; anode and cathode; with a thin layer of catalyst and a gasdiffusion layer, each bonded to both sides of the membrane.
Demand forfuel cells is increasing with a rapid pace. In the automobile industry,the alternative power vehicles such as hybrid cars, battery electric vehiclesand fuel cell powered vehicles (FCPV) is gaining traction in the last fewyears. This, in turn, is driving the MEA market. Additionally, rise in environmentalconcerns and stringent regulations regarding carbon emissions, especially inEurope and North America, is anticipated to boost to the membrane electrodeassemblies market. However, high cost of catalysts used in MEAs is likely tohinder the membraneelectrode assemblies market.
Membrane Electrode Assemblies Market: Key Segments
Themembrane electrode assemblies market can be segmented based on type,application, and region. In terms of type, the market can be divided intothree-layer membrane electrode assemblies, five-layer membrane electrodeassemblies, and others. Five-layer membrane electrode assemblies is composed ofa polymer electrolyte membrane (PEM), two catalyst layers, andtwo gas diffusion layers (GDLs), while three-layer membrane electrode assembliesincludes polymer electrolyte membrane with catalyst layers applied to anode andcathode. Catalyst coated membrane (CCM) is another name for this type of MEA.The five-layer segment MEA is projected to expand at a considerable CAGR duringthe forecast period, as it can be installed in a cell as an integratedcomponent, while the three-layer membrane electrode assemblies requires a pairof GDLs to make it a five-layer configuration for installation.
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In termsof application, the membrane electrode assembly market can be segregated intoelectrolyzes, polymer electrolyte fuel cells, hydrogen/oxygen air fuel cells,direct methanol fuel cells, and others. The hydrogen/oxygen air fuel cellssegment is estimated to expand at a substantial CAGR during the forecastperiod. Hydrogen air and hydrogen oxygen MEAs are used directly in polymerelectrolyte membrane fuel cells (PEMFCs). PEMFCs are designed to optimize theefficiency of transport applications, stationary fuel cell applications, andportable fuel cell applications.
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Membrane Electrode Assemblies Market: Regional Outlook
Based onregion, the membrane electrode assemblies market can be categorized into NorthAmerica, Asia Pacific, Europe, Latin America, and Middle East & Africa.North America is expected to lead the membrane electrode assemblies market. Inthe U.S., major businesses such as Coca-Cola, Walmart, eBay, and Google havepledged to adopt fuel cell for internal consumption. Adoption of fuel celltechnology for operations is expected to reduce electricity utilization cost ofdata centers. The U.S. hold a major share of the membrane electrode assembliesmarket in North America. The membrane electrode assemblies market in AsiaPacific is anticipated to grow considerable CAGR during forecast period due tohigh growth in industrial and infrastructure sectors. In terms of revenue,China, Japan, India, and Indonesia are the key countries for the membraneelectrode assemblies market in the region.
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Membrane Electrode Assemblies Market: Key Players
Major companiesoperating in the membrane electrode assemblies market include Giner Inc., 3MCompany, HyPlat (Pty) Ltd., Ballard Power Systems Inc., E. I. du Pont deNemours and Company, Johnson Matthey Plc, Fuel Cells Etc, Greenerity GmbH,Danish Power Systems, and YuanBo Engineering Co., Ltd.
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