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Membrane Electrode Assembly Market Share

Report ID: GMI8045
Published Date: Feb 2024
Report Format: PDF

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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 ecosystem 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
Greenrity 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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of membrane electrode assembly reached USD 134.5 million in 2023 and is set to witness 2.9% CAGR from 2024 to 2032, owing to the growing requirement for clean energy technologies coupled with the ongoing R&D in fuel cell technology worldwide.

The gas diffusion layers segment is expected to register over 22% CAGR during 2024 to 2032, due to the ongoing R&D efforts on exploring new materials for improving efficiency and durability.

North America market size is projected to grow at 20% CAGR through 2032, attributed to the government policies and incentives at the federal, state, and local levels for promoting the adoption of fuel cell technologies in the region.

Ballard Power Systems, W. L. Gore & Associates, Inc., Danish Power Systems, BASF SE, Giner Inc., IRD Fuel Cells, Greenrity GmBH, Plug Power Inc., HyPlat Pty Ltd., and Cummins Inc. are some of the major membrane electrode assembly companies worldwide.