Long-term policy adjustments are being made by the United Nations to cater to sustainable development goals, owing to the impetus of COVID-19 pandemic. This is acting as an advantage for companies in the fuel cell bipolar plate market, as stakeholders are scurrying toward opportunities to rethink and reshape the current energy systems dominated by high carbon emission fossil fuels.
As consumers are becoming aware about how the coronavirus outbreak naturally reduced worldwide carbon emissions due to the standstill of factories, businesses, travel, and trade, consumers are becoming cognizant about the hydrogen technology in electric vehicles (EVs). Manufacturers in the fuel cell bipolar plate market are capitalizing on this opportunity to increase their marketing capabilities for hydrogen technology in EVs.
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The fuel cell bipolar plate market is projected to grow at an explosive CAGR of 57.5% during the forecast period. Proton exchange membrane fuel cells (PEMFCs) are being highly publicized for the lowering of toxic gases during the electrochemical processes in fuel stacks. However, challenges associated with bipolar plates made with metal materials and its associated sustainability & durability are posing as technical issues. Hence, companies in the fuel cell bipolar plate market are experimenting with stainless steel, copper, nickel, and other material candidates to deploy sustainability in materials choices of bipolar plates.
The high precision processing technology of extremely thin material thickness is delivering weight reduction in fuel stacks.
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Ultralight, Compact Bipolar Plates Gain Prominence in PEM Fuel Cells
The fuel cell bipolar plate market is estimated to reach the revenue of US$ 4.4 Bn by 2030. Manufacturers are boosting their R&D muscle to develop ultralight and compact carbon-based bipolar plates made for PEM fuel cells. For instance, HYCCO is a developer of hydrocarbon components for fuel cells is gaining recognition for manufacturing highly electrically conductive bipolar plates that are durable and do not compromise on the system’s compactness.
Companies in the fuel cell bipolar plate market are adapting their chemistry to manufacture long lasting components that seamlessly integrate into vehicle systems. They are increasing the availability of bipolar plates that are suitable for both low temperature and high temperature PEM fuel cells.
Turnkey Bipolar Plates Offer Low Cost Product Solutions for Advanced Fuel Engines
Investments in R&D is becoming increasingly commonplace for the breakthrough hydrogen technology. Dana— a global leader in drivetrain and e-Propulsion systems is boosting production of bipolar plates with integrated seals and coatings that offer reliable and low cost product solutions for advanced fuel engines. As such, manufacturers in the fuel cell bipolar plate market are experimenting with metal and molded composite plate materials designed to meet a wide range of fuel cell applications.
Precision stamping, laser welding, and integrates seals in bipolar plates are being preferred by carmakers. Companies in the fuel cell bipolar plate market are increasing the availability of turnkey components that lower system cost.
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Continuous Production of Foil-based Graphite Bipolar Plates Drives Market
Companies in the fuel cell bipolar plate market are setting their collaboration wheels in motion to collaborate with engineers and experts that advance in CAD (Computer Aided Design) development of components. ZBT GmbH— a research institute in Duisburg, Germany, is gaining proficiency in manufacturing high performance bipolar plate and sealing solutions for PEM fuel cell stacks.
Manufacturers in the fuel cell bipolar plate market are increasing their R&D in innovative design layout and material development to improve the qualification of stack components. They are facilitating the construction and testing of short stacks and full stacks. On the other hand, manufacturers are adopting continuous production of foil-based graphite bipolar plates. They are producing thin-walled graphite bipolar plates that deliver high corrosion resistance.
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