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Proton Exchange Membrane Fuel Cell (PEMFC) Market Share

Report ID: GMI5957
Published Date: Jun 2023
Report Format: PDF

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PEM Fuel Cell Market Share

Eminent companies operating in the PEM fuel cell market include:

Cummins Inc
Ballard Power Systems
PLUG POWER INC
NUVERA FUEL CELLS, LLC.
Nedstack Fuel Cell Technology BV
Panasonic Corporation
Doosan Fuel Cell Co., Ltd.
SFC Energy AG
Robert Bosch GmbH
TW Horizon Fuel Cell Technologies
Air Liquide Energies
Hyundai Motor Company.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

PEM fuel cell market size was valued at USD 3.06 billion in 2023 and will be valued at more than USD 6.34 billion by 2032, says this GMI report.

Stationary fuel cell market share will observe over 6.1% CAGR from 2023 to 2032, owing to high energy conversion efficiency and fuel flexibility along with new research and development efforts.

Europe PEM fuel cell industry will grow at an 11.7% CAGR between 2023 and 2032, due to the expansion of sustainable transportation systems and efforts to lower fossil fuel dependency.

Cummins Inc, PLUG POWER INC., Ballard Power Systems, NUVERA FUEL CELLS, LLC., Panasonic Corporation, Nedstack Fuel Cell Technology BV, Doosan Fuel Cell Co., Ltd., Robert Bosch GmbH, SFC Energy AG, Air Liquide Energies, TW Horizon Fuel Cell Technologies, and Hyundai Motor Company.