Global Polymer Electrolyte Membrane Fuel
Cell Market: Overview
Polymer
Electrolyte Membrane Fuel Cell Market, also known as proton-exchange membrane
fuel cells (PEMFC), are a type of fuel cell that are being developed primarily
for transport applications. They are also being developed for stationary fuel
cell and portable fuel cell applications. PEM fuel cells possess distinguishing
features such as lower temperature and pressure that ranges from 50°C to 100°C;
and a special proton-conducting polymer electrolyte membrane. They generate
electricity and operate on the opposite principle to PEM electrolysis,
which consumes electricity. PEM fuel cells are likely to replace the
aging alkaline fuel cell technology, which is being used in
the space shuttle. PEM fuel cells are used in various applications. They
are primarily employed in the transportation industry owing to their positive
impact on the environment, e.g. control of emission of greenhouse gases (GHG).
Other applications include distributed stationary and portable power
generation. Most of the leading motor companies work solely on PEM fuel cells
due to their high power density and excellent dynamic characteristics compared
to other types of fuel cells.
Global Polymer Electrolyte Membrane Fuel Cell Market:
Drivers and Restraints
Increase
in demand for clean energy is driving the Polymer
Electrolyte Membrane Fuel Cell Market. Rise in focus on the use of fuel
cell technology as a source of energy and growth in concerns regarding
pollution caused by conventional sources of energy are also augmenting the
global Polymer Electrolyte Membrane Fuel Cell Market. PEM fuel cell uses a
water-based, acidic polymer membrane as its electrolyte, with platinum-based
electrodes. PEM fuel cells operate at relatively low temperatures (below 100°C)
and can tailor electrical output to meet dynamic power requirements. These
cells must operate on pure hydrogen due to the relatively low temperatures and
the use of precious metal-based electrodes. Currently, PEM fuel cells is the
leading technology for light duty vehicles and material handling vehicles.
Additionally, technological advancements, R&D work associated with fuel
cell technologies, and global commitment toward reduction of greenhouse gas
emissions from the power sector are likely to drive the PEM fuel cell market.
Global Polymer Electrolyte Membrane Fuel Cell Market: Key
Segments
Based on
the membrane type, the Polymer Electrolyte Membrane Fuel Cell Market can be
segmented into electrodes, gas diffusion layer, and others.
Based on
geography, the Polymer Electrolyte Membrane Fuel Cell Market can be segregated
into North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. Asia Pacific accounts for the major share of the Polymer Electrolyte
Membrane Fuel Cell Market, led by significant investments in fuel cell
technologies in countries such as Japan and South Korea. Japan and South Korea
plan to lower the usage of nuclear energy, thereby leading to an increase in
opportunities for alternate power sources. This, in turn, is expected to drive
the Polymer Electrolyte Membrane Fuel Cell Market. The Polymer Electrolyte
Membrane Fuel Cell Market in North America is anticipated to follow that in
Asia Pacific during the forecast period. The U.S. is estimated to dominate the
Polymer Electrolyte Membrane Fuel Cell Market in the near future owing to the
increase in focus on deployment of clean energy solutions in the country.
According to the U.S. Department of Energy (DOE), the fuel cell
technology is projected be cost competitive compared to other options by the
end of 2018. This in turn, is likely to boost the PEM fuel cell market in the
U.S.
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Global Polymer Electrolyte Membrane Fuel Cell Market: Key
Players
Key
players operating in the global Polymer Electrolyte Membrane Fuel Cell Market
include DuPont Fuel Cells, Hitachi Limited, CMR Fuel Cells PLC, Panasonic
Corporation, Samsung SDI Company Limited, Polyfuel Inc., Sharp Corporation,
Toshiba Corporation, Ultracell Corporation, and Fujikura Limited.
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