Polymer Electrolyte Membrane (PEM) Fuel Cells: Global Market Review & Projections to 2023 – ResearchAndMarkets.com

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

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