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Membrane Electrode Assembly Market Size - By Component (Membrane, Gas Diffusion Layers, Gaskets), By Application (Fuel Cells, Electrolyzer), By Product Type (3-layer, 5-layer, 7-layer), Global Forecast, 2024 – 2032

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Membrane Electrode Assembly Market Size

The global membrane electrode assembly market size was valued at more than USD 6.1 billion in 2023 and is anticipated to grow at over 8.9% CAGR between 2024 and 2032. Membrane Electrode Assembly (MEA) is the core of many electrochemical devices especially fuel cells. It’s the key electrical part of the fuel cell, where chemical reactions are facilitated to give rise to electricity. A standard MEA has three basic parts, which are a membrane conducting protons (on most occasions this is a polymer electrolyte membrane), layered anode catalyst, and layered cathode catalyst.
 

Membrane Electrode Assembly Market

The ever-growing need for clean energy technologies as well as worldwide investment in fuel cells compelling engineers to develop advanced MEAs to improve the market statistics. The increases in the number of new technologies and innovations makes the devices more efficient, durable, and economical which will facilitate product adoption. Furthermore, growing concern over sustainability and low carbon emissions coupled with the price and supply of the raw materials used to manufacture MEAs will also impact market trends.

COVID- 19 Impact

The COVID- 19 pandemic led to disruptions in global supply chains, affecting the production and distribution of various components, including those used in the membrane electrode assemblies. Delays in the supply of raw materials and manufacturing components might impact the availability and production of MEA. Further, restrictions on movement and social distancing measures led to labor shortages at project sites, thereby affecting the product demand. Furthermore, increasing investments in clean energy projects along with technological product advancements will influence the market statistics.
 

Membrane Electrode Assembly Market Trends

The global shift from fossil fuels towards sustainability is likely to have an effect on the product demand. The growing research and development activities will improve the performance, increase life span, and decrease cost which will in turn will boost the industry landscape. Government and private sector investment on research and development can result in a new advancement in the technology. Further, the adoption of fuel cells owing to emergence of new applications comprising fuel cell vehicles, stationary power generation, and portable electronics will contribute to the industry dynamics.
 

Membrane Electrode Assembly Market Analysis

Membrane Electrode Assembly Market, By Component, 2022-2032 (USD Million)

Based on component, the gas diffusion layers will grow at a rate of over CAGR 7.5% through 2032. Ongoing research and development efforts on exploring new materials for GDLs aimed at improving efficiency and durability will foster the business potential. Further, ongoing innovations involving optimizing the pore size and distribution to enhance the mass transport of reactants and facilitate water removal, thereby improving the overall cell performance. In addition, improvement in manufacturing processes, including more cost-effective methods for producing GDLs, will reduce the overall cost of fuel cells and hence membranes, thereby stimulating the business statistics.
 

Based on application, the fuel cell membrane electrode assembly market will reach more than USD 12.5 million by 2032. Growing awareness of environmental concerns and the need to transition to cleaner energy sources has driven interest in fuel cells, where the MEAs are an essential element. Development of hydrogen fuel cell vehicles along with large scale investments by manufacturers in fuel cell technology, will enhance the product demand. Furthermore, fuel cells are gaining traction across stationary power generation applications, providing clean and efficient energy for residential, commercial, and industrial use. The MEAs play a central role across these applications, thereby contributing to distributed energy systems.
 

Membrane Electrode Assembly Market Share, By Product Type, 2023

Based on product type, the 5-layer membrane electrode assembly market will grow at a CAGR of over 8.5% through 2032. Growing focus on improving overall fuel cell performance coupled with ongoing efforts to enhance the overall durability and longevity will influence the product adoption. Further, custom tailoring the system design for specific applications including automotive, stationary power generation, or portable electronics will drive the business scenario. In addition, advances in other components of the fuel cell stack, such as bipolar plates and gas diffusion layers, will augment the industry trends.
 

North America Membrane Electrode Assembly Market, 2022-2032 (USD Million)

North America membrane electrode assembly market will grow at a CAGR of more than 5.5% through 2032. Government policies and incentives at the federal, state, and local levels play a crucial role in promoting the adoption of fuel cell technologies, thereby influencing the product adoption. Initiatives to develop a hydrogen infrastructure, financial incentives for FCEV purchases, and collaboration between automakers and government agencies contribute to the growth of fuel cell vehicles, which will sway the market trends. Furthermore, partnerships between industry players, research institutions, and government bodies will augment the industry dynamics.
 

Membrane Electrode Assembly Market Share

Collaborations between companies, research institutions, and governments can accelerate the development and adoption of the assemblies. Joint efforts addressing the technical challenges will promote the integration of fuel cell technologies, thereby contributing to innovation and product improvement. Ongoing efforts to address technological challenges, will accelerate the commercialization of membrane electrode assemblies, and establish a supportive ecosystems for the industry.
 

Membrane Electrode Assembly Market Companies

Eminent players operating in the membrane electrode assembly industry are:

  • Ballard Power Systems
  • W. L. Gore & Associates, Inc.
  • Danish Power Systems
  • BASF SE
  • Giner Inc.
  • IRD Fuel Cells
  • Greenerity GmBH
  • Plug Power Inc.
  • HyPlat Pty Ltd.
  • Cummins Inc.
  • FuelCell Energy, Inc.
  • TOSHIBA CORPORATION
  • Panasonic Holdings Corporation
  • DuPont
  • Johnson Matthey
  • 3M
  • EC21 Inc.
  • SPEL
  • Yangtze Energy Technologies, Inc
  • YuanBo Engineering Co., Ltd.
  • Ion Power, Inc.
     

Membrane Electrode Assembly Industry News

  • In June 2023, the MDPI proposed a conceptual membrane electrode assembly (MEA) of a proton exchange membrane water electrolyzer that includes a layer of graphene oxide (GO) at the cathode side. This will reinforce the MEA to allow operation at a higher pressure difference between the cathode and anode side, thereby preventing losses and eliminating the need for hydrogen clean-up steps.
     
  • In December 2022, Shanghai Advanced Research Institute (SARI) of the Chinese Academy of Sciences, proposed a MEA based on an anode with a 3D membrane/catalytic layer interface and gradient tapered arrays for high-performance.
     

This membrane electrode assembly market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2024 to 2032 for the following segments:

Market, By Component

  • Membranes
  • Gas Diffusion Layers
  • Gaskets
  • Others

Market, By Application

  • Fuel Cell
  • Electrolyzer

Market, By Product Type

  • 3-layer
  • 5-layer
  • 7-layer

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Austria
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Peru
    • Mexico

 

Authors: Ankit Gupta, Srishti Agarwal
Frequently Asked Question(FAQ) :
Who are the key players in membrane electrode assembly market?
Some of the major players in the membrane electrode assembly industry include Ballard Power Systems, W. L. Gore & Associates, Inc., Danish Power Systems, BASF SE, Giner Inc., IRD Fuel Cells, Greenerity GmBH, Plug Power Inc., HyPlat Pty Ltd., and Cummins Inc.
What will be the size of fuel cell segment in the membrane electrode assembly industry?
How much market size is expected from North America membrane electrode assembly market by 2034?
How big is the membrane electrode assembly market?
Membrane Electrode Assembly Market Scope
  • Membrane Electrode Assembly Market Size
  • Membrane Electrode Assembly Market Trends
  • Membrane Electrode Assembly Market Analysis
  • Membrane Electrode Assembly Market Share
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    Base Year: 2023

    Companies covered: 20

    Tables & Figures: 250

    Countries covered: 19

    Pages: 150

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