The global Fuel Cell Membranes market was valued at 175.85 Million USD in 2021 and will grow with a CAGR of 17.16% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A fuel cell is a device that generates electricity through the reverse electrolysis chemical reaction in which hydrogen and oxygen react to produce water and electricity. The fuel for fuel cells is hydrogen and oxygen; hydrogen can be a gas from water electrolysis, or produced by reforming natural gas, petroleum or methanol, while oxygen is taken in from the atmosphere.
As it generates electricity, the fuel cell also produces heat, so high hopes are held for its commercialization and application in a diverse range of applications as a new highly efficient energy system.A fuel cell consists of an electrolyte between two electrodes, and a conducting wire linking the two electrodes. Hydrogen fed to one electrode (fuel electrode) divides into hydrogen ions and electrons on the electrode.
Hydrogen ions flow through the electrolyte to the other electrode, to which air is fed (air electrode). Electrons flow from the fuel electrode to the air electrode through the conducting wire linking the two electrodes. At this time, the electrical current flows in the opposite direction. At the air electrode, the hydrogen ions react with the oxygen and electrons to produce water and heat.
The fuel cell, allied with renewables, is the key to combating climate change. Fuel cell technology is the optimum option in this regard. It can be used for the stationary generation of power and heat in residential housing, in mobile applications for cars, buses and ships, and even as a provider of electricity for portable electronic devices. Fuel Cell Membranes are the core component of fuel cell stack.
The key players are Dupont (Chemours), 3M, Gore, Solvay, BWT Group, AKC, BASF, Oceanit, Wuhan WUT, Dongyue Group and so on. The leading companies own the advantages on better performance, more abundant product`s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Significant and lasting barriers make entry into this market difficult.
These barriers include, but are not limited to:
(i) product development costs;
(ii) capital requirements;
(iii) intellectual property rights;
(iv) regulatory requirement; and
(v) Transitions` unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
By Market Verdors:
- DowDuPont
- 3M
- Gore
- Solvay
- BWT Group
- AKC
- BASF
- Oceanit
- Wuhan WUT
- Dongyue Group
By Types:
- Perfluorosulfonic Acid Membranes
By Applications:
- Stationary
- Transportation
- Portable
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the market.
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Table of content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Fuel Cell Membranes Revenue
1.4 Market Analysis by Type
1.4.1 Global Fuel Cell Membranes Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Perfluorosulfonic Acid Membranes
1.5 Market by Application
1.5.1 Global Fuel Cell Membranes Market Share by Application: 2022-2027
1.5.2 Stationary
1.5.3 Transportation
1.5.4 Portable
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Fuel Cell Membranes Market
1.8.1 Global Fuel Cell Membranes Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Fuel Cell Membranes Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Fuel Cell Membranes Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Fuel Cell Membranes Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Fuel Cell Membranes Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Fuel Cell Membranes Sales Volume Market Share by Region (2016-2021)
3.2 Global Fuel Cell Membranes Sales Revenue Market Share by Region (2016-2021)
3.3 North America Fuel Cell Membranes Sales Volume
3.3.1 No
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