Proton Exchange Membrane Fuel Cell (PEMFC) market is projected to reach USD 47.60 billion by 2026, exhibiting a CAGR of 65.5% during the forecast period.
According to the report, published by Fortune Business Insights in a report titled, “Proton Exchange Membrane Fuel Cell (PEMFC) MarketSize, Share and Industry Analysis, By Application (Transport, Stationary, Others), and Regional Forecast, 2019-2026” The report offers superior insights into the global proton exchange membrane fuel cell (PEMFC) market.
The global proton exchange membrane fuel cell (PEMFC) market is projected to reach USD 47.60 billion by 2026, exhibiting a CAGR of 65.5% during the forecast period.
List of the Major Companies in the GlobalProton Exchange Membrane Fuel Cell (PEMFC) Market are:
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The increasing popularity and sales of fuel cell vehicles are one of the key drivers enabling the growth of the market. The increasing proclivity of major car manufacturers such as Hyundai, Toyota, Nissan and others towards fuel cell electric vehicles (FCEV) will boost the proton exchange membrane fuel cell (PEMFC) market trends. In addition, increasing government initiatives and policies to curb carbon emissions is expected to create lucrative sales opportunities for the market. For instance, In January 2018, the Ministerial Council on Renewable Energy of Japan announced new strategies to guide the country in achieving a carbon-free economy by 2050. In addition, the policy sets a target to position 40,000 FCEVs and 800,000 by the year 2020 and 2030.
The Report Covers the Following, Major Points Precisely:
• Top Players That Are Operating in the Global Market• Market Segmentation• Regional Analysis• Deep Insights into the Market with Detailed Table of Content and Figures• Global Market Predictions for Five Decades.
Increasing Government Guidelines to Favor Propitious Opportunities
The increasing implementation of several policies by the government for the development of hydrogen-based fuels and will aid the proton exchange membrane fuel cell (PEMFC) market growth. The growing adoption of proton exchange membrane fuel cells in vehicles with various power ratings owing to their ability to serve the power requirement of light, medium, and heavy-duty vehicles is expected to further bolster the growth of the market. For instance, In January 2019, the South Korean government announced its targets to build about 1,200 hydrogen refueling stations along with an aim to deploy 6.2 million fuel cell vehicles by 2040. In addition, the agreement between the Hangzhou district government and Nuvera Fuel Cells will support the growth of the market. For instance, in December 2018, Nuvera Fuel Cells signed an agreement with the Hangzhou district government in the Zhejiang province, China, to scale up its manufacturing capacity by setting up a new PEMFC unit in the region. The contract aims to fast track the production and sales of FC stacks with the main target to power FC heavy-duty vehicles.
Reasons to Purchase This Report:
• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth.• The report helps to understand the key product segments and their future scope up to Five Decades.• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.
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Market Segmentation –
1. By Application
2. By Region
The increasing demand for electric vehicles to curb carbon emissions along with the integration of clean fuel vehicles for the diminution of carbon footprints by vehicles will strengthen the market in the foreseeable future. PEMFC uses air and pure oxygen as an oxidant and is fuelled with pure hydrogen resulting in the emission of zero harmful chemicals but heat and water vapors.
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Table of Content –
1.Introduction1.1.Research Scope1.2.Market Segmentation1.3.Research Methodology1.4.Definitions and Assumptions2.Executive Summary3.Market Dynamics3.1.Market Drivers3.2.Market Restraints3.3.Market Opportunities4.Key Insights4.1.Key Emerging Trends For Major Countries4.2.Latest Technological Advancement4.3.Regulatory Landscape4.4.Industry SWOT Analysis4.5.Porters Five Forces Analysis5.Global Proton Exchange Membrane Fuel Cell (PEMFC) Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Analysis, Insights and Forecast By Application (MW, USD Billion)5.2.1.Transport5.2.2.Stationary5.2.3.Others5.3.Market Analysis, Insights and Forecast By Region (MW, USD Billion)5.3.1.North America5.3.2.Europe5.3.3.Asia Pacific5.3.4.Rest of the World6.North America Proton Exchange Membrane Fuel Cell (PEMFC) Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Analysis, Insights and Forecast By Application (MW, USD Billion)6.2.1.Transport6.2.2.Stationary6.2.3.Others6.3.Market Analysis, Insights and Forecast By Country (MW, USD Billion)6.3.1.U.S.6.3.2.Canada7.Europe Proton Exchange Membrane Fuel Cell (PEMFC) Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Analysis, Insights and Forecast By Application (MW, USD Billion)7.2.1.Transport7.2.2.Stationary7.2.3.Others7.3.Market Analysis, Insights and Forecast By Country (MW, USD Billion)7.3.1.UK7.3.2.Germany7.3.3.France7.3.4.Italy7.3.5.Sweden7.3.6.Rest of Europe8.Asia Pacific Proton Exchange Membrane Fuel Cell (PEMFC) Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Analysis, Insights and Forecast By Application (MW, USD Billion)8.2.1.Transport8.2.2.Stationary8.2.3.Others8.3.Market Analysis, Insights and Forecast By Country (MW, USD Billion)8.3.1.China8.3.2.South Korea8.3.3.Japan8.3.4.Rest of Asia Pacific
TOC Continued..!!!
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