Proton Exchange Membrane Fuel Cell (PEMFC) is a hydrogen-powered electromagnetic cell utilizing two electrodes and a polymer membrane as an electrolyte, offering high power density and can operate at low temperatures. PEM Fuel Cell (PEMFC) consists of various core components such as the membrane electrode assembly (MEA), humidifiers, gaskets, bipolar plates, end plates, and current collectors. They help in production for obtaining high efficiency. The rising popularity and sales of fuel cell vehicles are significant drivers allowing the growth of the proton exchange membrane fuel cell market. The increasing inclination of famous car manufacturers such as Hyundai, Toyota, Nissan, and others towards fuel cell electric vehicles (FCEV) will foster the Proton Exchange Membrane Fuel Cell (PEMFC) Market trends. In addition, several initiatives and beneficial policies by governments supporting the adoption of sustainable energy substitutes depict one of the key factors boosting the growth of the proton exchange membrane fuel cell market. On the other hand, the elevating demand for alternative electric vehicles and managing mass hydrogen stations might limit the market growth. The Proton Exchange Membrane Fuel Cells Market is projected to grow at the rate of 39.6% CAGR by 2027.

Research Methodology:

The Proton Exchange Membrane Fuel Cells Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

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

Based on type, the proton exchange membrane fuel cell market is majorly divided into Perfluorinated, Partially Fluorinated, and Hydrocarbon based. Among them, the perfluorinated segment is projected to witness major growth over the forecast year. The segment's growth is ascribed to the excellent features of the perfluorinated proton exchange membrane fuel cell. Moreover, the perfluorinated proton exchange membrane fuel cell has a wide range of applications, driving the segment growth.

Further, based on the application, the proton exchange membrane fuel cell market is categorized into Residential power, Automobiles, Consumer Electronics, and Imaging devices. The automobiles have the major application of the proton exchange membrane fuel cell. These fuel cells have substantial demand in the automobile industry as the electric vehicles market is growing at a rapid pace, leading to high demand for proton exchange membrane fuel cells.  The escalating requirement for clean energy and the increasing need to curb carbon emission has promoted government focus towards the use of electric vehicles and plug-in hybrid vehicles.

The key geographical regions included in the proton exchange membrane fuel cell market are North America, Asia Pacific, Europe, and the RoW. The Asia Pacific region has a major share in the market. This is due to the increasing initiatives by several governments in the region to promote and increase hydrogen infrastructure.

In addition, from the past few years, the research and product development activities concerning utilities and UAVs for the defense sector, coupled with portable power generation units, have increased at a prominent pace worldwide. Moreover, the high emphasis of the governments worldwide on the usage of clean energy sources has increased the overall investments in producing electricity using proton exchange membrane fuel cells. Thus, the above-mentioned key factors are driving the global proton exchange membrane fuel cell market.

The proton exchange membrane fuel cell market includes various participants such as SFC Energy AG, AFC Energy PLC, Doosan Fuel Cell America, Inc., Nedstack Fuel Cell Technology B.V., Ballard Power Systems Inc., Toshiba Corporation, FuelCell Energy, Inc., Hydrogenics Corporation, Plug Power, Inc., and Panasonic Corporation.

Proton Exchange Membrane Fuel Cells are growing as a perfect power hotspot for small-scale applications, transportation, and stationary distributive power. PEMFCs are foreseen to hold an essential part in improving the environment, accomplishing energy security, and lessening urban contamination.

• This report provides an overall analysis of the proton exchange membrane fuel cell market to illustrate the prominent investment pockets in the market.
• This research also elucidates the recent and future trends to determine the overall attractiveness and identify the profitable trends to obtain a possible foothold in the market.
• This report also provides complete information about the key drivers, restraints, and opportunities with impact analysis of the market.
• The report further includes an analysis of the geographical market in terms of various regions such as North America, Europe, Asia-Pacific, and the rest of the world.

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Type: Market Size & Analysis
   1. Overview
   2. Perfluorinated
   3. Partially Fluorinated
   4. Hydrocarbon based
6. Application: Market Size & Analysis
   1. Overview
   2. Residential power
   3. Automobiles
   4. Consumer Electronics
   5. Imaging devices
7. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
8. Competitive Landscape
   1. Competitor Comparison Analysis
   2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
9. Vendor Profiles
   1. SFC Energy AG
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   2. AFC Energy PLC
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   3. Doosan Fuel Cell America, Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   4. Nedstack Fuel Cell Technology B.V.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   5. Ballard Power Systems Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   6. Toshiba Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   7. FuelCell Energy, Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   8. Hydrogenics Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   9. Plug Power, Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   10. Panasonic Corporation
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
10. Analyst Opinion
11. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations