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Europe Proton Exchange Membrane Fuel Cell Market Trends

Report ID: GMI7333
Published Date: Nov 2023
Report Format: PDF

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Europe Proton Exchange Membrane Fuel Cell Market Trends

The fuel cells known for their high-power density, rapid startup, and suitability for a variety of applications coupled with ongoing research and development activities to improve upon the performance, durability, and cost-effectiveness will boost the industry potential. In addition, collaboration between governments, industry players, and research institutions in conjunction with growing consumer awareness towards fuel cell technology will accelerate the product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of proton exchange membrane fuel cell in Europe was worth 0.4 billion in 2022 and is anticipated to rech more than USD 1.1 billion by 2032.

Europe stationary PEM fuel cell market will surpass USD 80 million by 2032, owing to increasing deployment of hydrogen refueling stations in line with ability of these fuel cells to provide backup power and ensure reliability.

How big is Germany proton exchange membrane fuel cell industry?

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, and Hyundai Motor Company.