Global Fuel Cell Membrane Electrode Assemblies Market by Product Type (3-Layer MEA, 5-Layer MEA, and Other Product Types), Application (PEM, AFC, PAFC, MCFC, and SOFC), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Encouraging regulations in developed economies by regulatory bodies and eco-friendly targets to eliminate emission rates are driving demand for the fuel cell membrane electrode assemblies market over the forecast era

Market.US announces the publication of its most recently generated research report titled, “Global Fuel Cell Membrane Electrode Assemblies Market by Product Type (3-Layer MEA, 5-Layer MEA, and Other Product Types), Application (PEM, AFC, PAFC, MCFC, and SOFC) and by Region – Global Forecast to 2031”, which offers a holistic view of the Global Fuel Cell Membrane Electrode Assemblies Market through systematic segmentation that covers every aspect of the target market.

Global Fuel Cell Membrane Electrode Assemblies Market is projected to be US$ 427.1 Mn in 2021 to reach US$ 1,999.0 Mn by 2030 at a CAGR of 18.7%.

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A membrane electrode assembly (MEA) is an assembled proton exchange membrane (PEM) or alkaline anion exchange membrane (AAEM) stack of catalysts and flat plate electrodes used in fuel cells. The key component of a PEMFC and DMFC fuel cell is membrane electrode assembly. Its components, design, and fabrication directly contribute to the system's overall cost and performance. It helps to generate the electrochemical reaction needed for electrons to be separated.

A fuel (methanol, hydrogen, etc.) diffuses through the membrane on the anode side of the MEA and is met by an oxidant (oxygen or air) on the cathode end that binds with the fuel and receives the electrons that have been removed from the fuel. Each side catalyst allows for responses, and by holding the gases apart, the membrane allows protons to pass through. In this way, cell potential is preserved, and the current is drawn from the electricity generating cell.

Global Fuel Cell Membrane Electrode Assemblies Market Revenue (US$ Mn), 2021–2031

Countries such as Germany, the United Kingdom, the United States, Japan, and China are only a handful of the largest investors in fuel cell technology and its advances. For instance, A USD 39 million investment in fuel cell technology was announced by the US Department of Energy in 2018. Similarly, 23 countries in Europe have partnered on the HyLAW EU project to recognize and eliminate legal and regulatory obstacles to hydrogen fuel cell deployment and hydrogen applications.

HyLAW began collaborating with main countries such as Germany, the Netherlands, the United Kingdom, Finland, France, and Spain in January 2017. Much of the global R&D activities are focused on fuel cell-powered vehicle production and advances.

However, research and product development activities relating to utilities and UAVs for the defense industry, along with portable power generation systems, have also developed at a considerable pace in recent years. The high emphasis on the use of renewable energy sources by governments worldwide has contributed to a rise in total investment in the production of electricity using fuel cells..

Global Fuel Cell Membrane Electrode Assemblies Market Attractiveness Analysis by Product Type, 2022–2031

Among the product type segments, the 3-Layer membrane electrode assemblies segment is expected to account for a major share and projected to register the highest CAGR over the forecast period. Among the application segments, the PEM segment is expected to index a relatively higher CAGR in the foreseeable future. The global fuel cell membrane electrode assemblies market is segmented region-wise into North America, Europe, Asia-Pacific, South America, and the MEA, respectively.

The research report on the global fuel cell membrane electrode assemblies market includes profiles of some of the major companies such as

• 3M Company
• Toray Industries Inc.
• Johnson Matthey Plc
• The Chemours Companym
• W. L. Gore & Associates Inc.
• Ballard Power Systems Inc.
• HyPlat (Pty) Ltd.
• YuanBo Engineering Co. Ltd.
• Danish Power Systems
• IRD Fuel Cell Technology A/S
• others

Segmentation of the Global Fuel Cell Membrane Electrode Assemblies Market based on ProductType, Application, and Region

Based on Product type

• 3-Layer MEA
• 5-Layer MEA
• Other Product Types

Based on Application

• PEM
• AFC
• PAFC
• MCFC
• SOFC

Based on Regions

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

For the Fuel Cell Membrane Electrode Assemblies Market research study, the following years have been considered to estimate the market size: