Press Release

Proton Exchange Membrane Fuel Cells Market worth 39.6% CAGR by 2027

July, 2021

" COVID-19 Impact on Proton Exchange Membrane Fuel Cells Market, size, share, growth, industry analysis, and forecast 2021-2027 "

Proton exchange membrane fuel cells (PEMFC), also acknowledged as polymer electrolyte membrane (PEM) fuel cells, are fuel cells. The electrodes of this type of fuel cell are based on platinum. Proton exchange membrane fuel cells use the electrochemical reaction of hydrogen and oxygen to convert the liberated chemical energy into electric energy.

Traditional petroleum and fuels have gradually created extreme ecological concerns due to the excessive emissions of CO, CO2, NOx, and SOx. Proton exchange membrane fuel cells cater as an alternative energy source to the traditional energy source and minimize oil, diesel, and other fuels. Thus, the increasing need for lower dependency on oil and other fuels has elevated the demand for proton exchange membrane fuel cells. Moreover, the rise in globalization has elevated the demand for stationary fuel cells in buildings, schools, and recreation malls. The rising adoption of proton exchange membrane fuel cells in portable devices is also expected to augment the market growth.

Request for sample copy of the report @ https://www.infoholicresearch.com/report/proton-exchange-membrane-fuel-cells-market/

Furthermore, proton exchange membrane fuel cells produce energy from fuels such as methanol and natural gas and produce heat and water. The type of fuel needed for operations is based on the type of the membrane and on the type of catalyst used in the fuel cell. The proton-exchange membrane (PEM) requires pure hydrogen for operations, thereby offering ease of operation to users. Fuel flexibility mentions the fuel cells' operational capability, which are widely and easily available in conventional or non-conventional fuels, which is a factor providing lucrative opportunities for the market.

The PEMFC market research report titled “Proton Exchange Membrane Fuel Cells Market by Type, Application and Geography–Global Forecast up to 2027.

Prominent players operating the market are SFC Energy AG, AFC Energy PLC, Doosan Fuel Cell America, Inc., Nedstack Fuel Cell Technology B.V., and Ballard Power Systems Inc.

Asia Pacific region is leading the market as the region has the presence of key market vendors, which has a major contribution to the region's market growth and the favorable government initiatives.

Access full report summary @ https://www.infoholicresearch.com/report/proton-exchange-membrane-fuel-cells-market/

The report consists of 74 Tables and 44 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.

Proton Exchange Membrane Fuel Cells Market on the basis of Type

  • Perfluorinated
  • Partially Fluorinated
  • Hydrocarbon based 

Proton Exchange Membrane Fuel Cells Market on the basis of Application

  • Residential power
  • Automobiles
  • Consumer Electronics
  • Imaging devices

Proton Exchange Membrane Fuel Cells Market on the basis of Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication

karthick@infoholicresearch.com