Automotive Proton Exchange Membrane Fuel Cell Market

A proton exchange membrane fuel cell (PEMFC) is a type of fuel cell that uses hydrogen as a fuel and oxygen from the air to produce electricity through a chemical reaction. PEMFCs are often used in vehicles because they are relatively small, lightweight, and efficient. The automotive proton exchange membrane fuel cell market refers to the market for PEMFCs used in the transportation sector, specifically in vehicles such as cars, buses, and trucks. This market is expected to grow in the coming years due to increasing demand for clean and efficient transportation options, as well as government incentives and regulations supporting the use of fuel cells in the transportation sector.

The Automotive proton exchange membrane fuel cell market is projected to grow from **billion in 2018 to **billion in 2031 at a CAGR of **% in the 2018-2031 period. Increasing demand for fuel cell electric vehicles (FCEVs): As concerns about air pollution and climate change have grown, there has been an increase in demand for FCEVs, which emit only water and have a much lower carbon footprint compared to traditional internal combustion engine vehicles. 

Researchers and engineers have been working on improving the efficiency and durability of PEMFCs to make them more practical for use in vehicles. Expansion of hydrogen fueling infrastructure: In order for FCEVs to become more widespread, there needs to be a network of hydrogen fueling stations to support them. Governments and private companies have been investing in the development of such infrastructure. One of the challenges facing the widespread adoption of FCEVs has been their high cost. However, as the technology matures and production volumes increase, it is expected that the cost of PEMFCs and FCEVs will come down, making them more affordable for consumers.

Some of the Major key Players are  Plug Power, Ballard, Nuvera Fuel Cells, Hydrogenics, Sunrise Power, Panasonic,  Vision Group, Nedstack PEM Fuel Cells, Shenli Hi-Tech,  Altergy Systems, Horizon Fuel Cell Technologies, Foresight etc...