Global Membrane Electrode Assemblies Market Segmented By Region—Forecast and Analysis 2022–2028
Global Membrane Electrode Assemblies Market Size to Exceed USD 2.3 billion by 2028, By SkyQuest Technology
Due to the adoption of several worldwide criteria for reducing greenhouse gas emissions, many automakers are increasingly concentrating on new technology related to electric, hybrid, or fuel cell vehicles. As a result, several firms are developing brand-new, eco-friendly technologies for the automotive sector. For instance, an LT-PEMFC fuel cell stack designed for use in automotive applications was successfully tested on a hydrogen fuel cell (HFC) prototype car in October 2020 by the Council of Scientific and Industrial Research (CISR) and the KPIT company. The company has contributed expertise in stack engineering, including stack assembly, system integration, control software, electric powertrain, and other components, to support the functioning of fuel cell cars.
The automobile industry, which adds to global emissions, is to blame for the dependency on fossil fuels as the primary energy source. Due to increased zero-emission activities that are creating new market opportunities, consumers are more likely to favour electric or zero-emission vehicles (ZEVs) than fuel cell electric automobiles. Automakers are spending a lot of money to build strong, effective vehicles, which gives fuel cell technology a lot of opportunities.
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Humidification of the MEA causes the membrane to degrade chemically and resulting in lower conductivity, higher resistance in the membrane and catalyst layer. Due to membrane thinning and lower mechanical strength brought on by this sort of deterioration, cells may fail or perform poorly, which would diminish consumer demand. Nevertheless, a number of studies have been carried out to advance fuel cell technology fault detection.
Read Market Research Report, "Global Membrane Electrode Assemblies Market By Component (Membranes, Gas Diffusion Layers, Gaskets,and Others), Application (Proton Exchange Membrane FuelCells (PEMFC), Direct Methanol Fuel Cells (DMFC), Electrolyzers, andOthers),and Region —Forecast And Analysis 2022–2028” By Skyquest
Asia Pacific had the largest market share globally in 2021. The global membrane electrode assemblies market is expected to expand in the Asia Pacific as a consequence of the rising demand for electric automobiles and various frameworks for enhancing renewable energy, due to the widespread adoption of fuel cell and hydrogen technologies for achieving the goal.
For instance, EV sales in Asia are anticipated to soar by 78.1 percent year over year in 2021, compared to the estimated rise of just 4.8 percent last year. Adhesives, sealants, lubricants, interior and form plastics, coatings, and tyre rubbers are just a few of the crucial parts that chemical businesses provide for the automotive industry.The total number of EVs sold in the region would reach a peak of just under 10.9 million units by the end of 2030, up from a projected sales volume of just over 1.4 million units the previous year. China, with 4.5 million electric cars on the road as of last year, has the largest fleet, according to the International Energy Agency's (IEA) Global EV Outlook 2021. The majority of EV demand will come from the three most advanced economies in the region—China, Japan, and South Korea. This year, it is predicted that China would contribute around 91 percent of the region's EV sales, followed by South Korea (4.2%) and Japan (2.8%).
North America is anticipated to grow quickly over the projection period as a result of the commercial introduction of fuel cell technology and large investments in the research and development programme of fuel cell technologies. The U.S. Department of Energy's (DoE) administration for fuel cell technologies has established goals for promoting the wider commercialization of fuel cell technologies through technological improvement, demonstration, and a range of activities to overcome institutional and market barriers. Additionally, states are developing action plans to lower their carbon footprints.
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Europe is consolidating the worldwide market for membrane electrode assemblies as a consequence of its focus on developing extremely power-efficient cars and promoting hydrogen-based transportation. As a result of several government initiatives, fuel cell technology development and commercialization have gained attention. To achieve the operational, financial, and durability objectives of the fuel cell, for instance, the EU-funded GAIA project, which focuses on developing high power and high current density automotive MEAs, seeks to considerably enhance the MEA designs. In order to build MEAs with higher performance, the effort also brings together OEMs, leading business and research organisations, and specialists in fuel cell science and technology.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Scope & Segmentation
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What does this Report Deliver?
- Market Estimation for 20+ Countries
- Membrane Electrode Assemblies Marketdemand by Region, Sub-Region, and Country
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global, Regional and Country specific Membrane Electrode Assemblies Market Trends
- Comprehensive Mapping of Membrane Electrode Assemblies Industry Parameters
- Attractive Investment Proposition in the Global Membrane Electrode Assemblies Industry
- Competitive Strategies Adopted by Membrane Electrode Assemblies Market Key Players
- Drivers, Restraints, Opportunities, Challenges and the impact on the Membrane Electrode Assemblies Market Size
- Market growth rate till 2028
- Regulatory scenario, regional dynamics, and Membrane Electrode Assemblies Market insights of leading countries in each region
- In-depth Market insights by Region and Country
- Market Segmentation Trend Analysis, Opportunities and Growth
- Porter’s five force analysis to know the market’s condition
- Pricing Analysis and Membrane Electrode Assemblies Market Sales
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Membrane Electrode Assemblies Market based on Component, Application, and Region:
● Global Membrane Electrode Assemblies Market by Component (Revenue, US$ Billion, 2021 - 2028)
o Membranes
o Gas Diffusion later (GDL)
o Gaskets
o Others
● Global Membrane Electrode Assemblies Market by Application (Revenue, US$ Billion, 2021 - 2028)
o Proton Exchange Membrane Fuel Cells (PEMFC)
o Direct Methanol Fuel Cells (DMFC)
o Electrolyzers
▪ Alkaline Electrolyzer
▪ Proton Exchange Membrane Electrolyzer
▪ Solid Oxide Electrolyzer
o Others
● Global Membrane Electrode Assemblies Market By Region (Revenue, US$ Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
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