The global Proton Exchange Membrane (PEM) Fuel Cells market size is predicted to grow from US$ 3973 million in 2025 to US$ 4950 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.
Proton-exchange membrane fuel cells (PEMFC), also known as polymer electrolyte membrane (PEM) fuel cells, are a type of fuel cell being developed mainly for transport applications, as well as for stationary fuel-cell applications and portable fuel-cell applications. Their distinguishing features include lower temperature/pressure ranges (50 to 100 掳C) and a special proton-conducting polymer electrolyte membrane. PEMFCs generate electricity and operate on the opposite principle to PEM electrolysis, which consumes electricity. They are a leading candidate to replace the aging alkaline fuel-cell technology, which was used in the Space Shuttle.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
The 鈥淧roton Exchange Membrane (PEM) Fuel Cells Industry Forecast鈥� looks at past sales and reviews total world Proton Exchange Membrane (PEM) Fuel Cells sales in 2024, providing a comprehensive analysis by region and market sector of projected Proton Exchange Membrane (PEM) Fuel Cells sales for 2025 through 2031. With Proton Exchange Membrane (PEM) Fuel Cells sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Proton Exchange Membrane (PEM) Fuel Cells industry.
This Insight Report provides a comprehensive analysis of the global Proton Exchange Membrane (PEM) Fuel Cells landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Proton Exchange Membrane (PEM) Fuel Cells portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Proton Exchange Membrane (PEM) Fuel Cells market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Proton Exchange Membrane (PEM) Fuel Cells and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Proton Exchange Membrane (PEM) Fuel Cells.
This report presents a comprehensive overview, market shares, and growth opportunities of Proton Exchange Membrane (PEM) Fuel Cells market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Compressed Gaseous Hydrogen
Cryogenic Liquid Hydrogen
Hydrides
Segmentation by Application:
Transportation
Stationary Fuel-cell
Portable Fuel-cell
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Plug Power
Ballard
Sunrise Power
Panasonic
Nuvera Fuel Cells
Hydrogenics
Vision Group
Nedstack PEM Fuel Cells
Shenli Hi-Tech
Altergy Systems
Horizon Fuel Cell Technologies
Key Questions Addressed in this Report
What is the 10-year outlook for the global Proton Exchange Membrane (PEM) Fuel Cells market?
What factors are driving Proton Exchange Membrane (PEM) Fuel Cells market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Proton Exchange Membrane (PEM) Fuel Cells market opportunities vary by end market size?
How does Proton Exchange Membrane (PEM) Fuel Cells break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Proton Exchange Membrane (PEM) Fuel Cells by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Proton Exchange Membrane (PEM) Fuel Cells by Country/Region, 2020, 2024 & 2031
2.2 Proton Exchange Membrane (PEM) Fuel Cells Segment by Type
2.2.1 Compressed Gaseous Hydrogen
2.2.2 Cryogenic Liquid Hydrogen
2.2.3 Hydrides
2.3 Proton Exchange Membrane (PEM) Fuel Cells Sales by Type
2.3.1 Global Proton Exchange Membrane (PEM) Fuel Cells Sales 麻豆原创 Share by Type (2020-2025)
2.3.2 Global Proton Exchange Membrane (PEM) Fuel Cells Revenue and 麻豆原创 Share by Type (2020-2025)
2.3.3 Global Proton Exchange Membrane (PEM) Fuel Cells Sale Price by Type (2020-2025)
2.4 Proton Exchange Membrane (PEM) Fuel Cells Segment by Application
2.4.1 Transportation
2.4.2 Stationary Fuel-cell
2.4.3 Portable Fuel-cell
2.5 Proton Exchange Membrane (PEM) Fuel Cells Sales by Application
2.5.1 Global Proton Exchange Membrane (PEM) Fuel Cells Sale 麻豆原创 Share by Application (2020-2025)
2.5.2 Global Proton Exchange Membrane (PEM) Fuel Cells Revenue and 麻豆原创 Share by Application (2020-2025)
2.5.3 Global Proton Exchange Membrane (PEM) Fuel Cells Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Proton Exchange Membrane (PEM) Fuel Cells Breakdown Data by Company
3.1.1 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Sales by Company (2020-2025)
3.1.2 Global Proton Exchange Membrane (PEM) Fuel Cells Sales 麻豆原创 Share by Company (2020-2025)
3.2 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Revenue by Company (2020-2025)
3.2.1 Global Proton Exchange Membrane (PEM) Fuel Cells Revenue by Company (2020-2025)
3.2.2 Global Proton Exchange Membrane (PEM) Fuel Cells Revenue 麻豆原创 Share by Company (2020-2025)
3.3 Global Proton Exchange Membrane (PEM) Fuel Cells Sale Price by Company
3.4 Key Manufacturers Proton Exchange Membrane (PEM) Fuel Cells Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Proton Exchange Membrane (PEM) Fuel Cells Product Location Distribution
3.4.2 Players Proton Exchange Membrane (PEM) Fuel Cells Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 麻豆原创 M&A Activity & Strategy
4 World Historic Review for Proton Exchange Membrane (PEM) Fuel Cells by Geographic Region
4.1 World Historic Proton Exchange Membrane (PEM) Fuel Cells 麻豆原创 Size by Geographic Region (2020-2025)
4.1.1 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Proton Exchange Membrane (PEM) Fuel Cells 麻豆原创 Size by Country/Region (2020-2025)
4.2.1 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Sales by Country/Region (2020-2025)
4.2.2 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Revenue by Country/Region (2020-2025)
4.3 Americas Proton Exchange Membrane (PEM) Fuel Cells Sales Growth
4.4 APAC Proton Exchange Membrane (PEM) Fuel Cells Sales Growth
4.5 Europe Proton Exchange Membrane (PEM) Fuel Cells Sales Growth
4.6 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells Sales Growth
5 Americas
5.1 Americas Proton Exchange Membrane (PEM) Fuel Cells Sales by Country
5.1.1 Americas Proton Exchange Membrane (PEM) Fuel Cells Sales by Country (2020-2025)
5.1.2 Americas Proton Exchange Membrane (PEM) Fuel Cells Revenue by Country (2020-2025)
5.2 Americas Proton Exchange Membrane (PEM) Fuel Cells Sales by Type (2020-2025)
5.3 Americas Proton Exchange Membrane (PEM) Fuel Cells Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Proton Exchange Membrane (PEM) Fuel Cells Sales by Region
6.1.1 APAC Proton Exchange Membrane (PEM) Fuel Cells Sales by Region (2020-2025)
6.1.2 APAC Proton Exchange Membrane (PEM) Fuel Cells Revenue by Region (2020-2025)
6.2 APAC Proton Exchange Membrane (PEM) Fuel Cells Sales by Type (2020-2025)
6.3 APAC Proton Exchange Membrane (PEM) Fuel Cells Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Proton Exchange Membrane (PEM) Fuel Cells by Country
7.1.1 Europe Proton Exchange Membrane (PEM) Fuel Cells Sales by Country (2020-2025)
7.1.2 Europe Proton Exchange Membrane (PEM) Fuel Cells Revenue by Country (2020-2025)
7.2 Europe Proton Exchange Membrane (PEM) Fuel Cells Sales by Type (2020-2025)
7.3 Europe Proton Exchange Membrane (PEM) Fuel Cells Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells by Country
8.1.1 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells Sales by Country (2020-2025)
8.1.2 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells Revenue by Country (2020-2025)
8.2 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells Sales by Type (2020-2025)
8.3 Middle East & Africa Proton Exchange Membrane (PEM) Fuel Cells Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Proton Exchange Membrane (PEM) Fuel Cells
10.3 Manufacturing Process Analysis of Proton Exchange Membrane (PEM) Fuel Cells
10.4 Industry Chain Structure of Proton Exchange Membrane (PEM) Fuel Cells
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Proton Exchange Membrane (PEM) Fuel Cells Distributors
11.3 Proton Exchange Membrane (PEM) Fuel Cells Customer
12 World Forecast Review for Proton Exchange Membrane (PEM) Fuel Cells by Geographic Region
12.1 Global Proton Exchange Membrane (PEM) Fuel Cells 麻豆原创 Size Forecast by Region
12.1.1 Global Proton Exchange Membrane (PEM) Fuel Cells Forecast by Region (2026-2031)
12.1.2 Global Proton Exchange Membrane (PEM) Fuel Cells Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Proton Exchange Membrane (PEM) Fuel Cells Forecast by Type (2026-2031)
12.7 Global Proton Exchange Membrane (PEM) Fuel Cells Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Plug Power
13.1.1 Plug Power Company Information
13.1.2 Plug Power Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.1.3 Plug Power Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Plug Power Main Business Overview
13.1.5 Plug Power Latest Developments
13.2 Ballard
13.2.1 Ballard Company Information
13.2.2 Ballard Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.2.3 Ballard Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Ballard Main Business Overview
13.2.5 Ballard Latest Developments
13.3 Sunrise Power
13.3.1 Sunrise Power Company Information
13.3.2 Sunrise Power Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.3.3 Sunrise Power Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Sunrise Power Main Business Overview
13.3.5 Sunrise Power Latest Developments
13.4 Panasonic
13.4.1 Panasonic Company Information
13.4.2 Panasonic Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.4.3 Panasonic Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Panasonic Main Business Overview
13.4.5 Panasonic Latest Developments
13.5 Nuvera Fuel Cells
13.5.1 Nuvera Fuel Cells Company Information
13.5.2 Nuvera Fuel Cells Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.5.3 Nuvera Fuel Cells Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Nuvera Fuel Cells Main Business Overview
13.5.5 Nuvera Fuel Cells Latest Developments
13.6 Hydrogenics
13.6.1 Hydrogenics Company Information
13.6.2 Hydrogenics Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.6.3 Hydrogenics Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hydrogenics Main Business Overview
13.6.5 Hydrogenics Latest Developments
13.7 Vision Group
13.7.1 Vision Group Company Information
13.7.2 Vision Group Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.7.3 Vision Group Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Vision Group Main Business Overview
13.7.5 Vision Group Latest Developments
13.8 Nedstack PEM Fuel Cells
13.8.1 Nedstack PEM Fuel Cells Company Information
13.8.2 Nedstack PEM Fuel Cells Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.8.3 Nedstack PEM Fuel Cells Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Nedstack PEM Fuel Cells Main Business Overview
13.8.5 Nedstack PEM Fuel Cells Latest Developments
13.9 Shenli Hi-Tech
13.9.1 Shenli Hi-Tech Company Information
13.9.2 Shenli Hi-Tech Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.9.3 Shenli Hi-Tech Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Shenli Hi-Tech Main Business Overview
13.9.5 Shenli Hi-Tech Latest Developments
13.10 Altergy Systems
13.10.1 Altergy Systems Company Information
13.10.2 Altergy Systems Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.10.3 Altergy Systems Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Altergy Systems Main Business Overview
13.10.5 Altergy Systems Latest Developments
13.11 Horizon Fuel Cell Technologies
13.11.1 Horizon Fuel Cell Technologies Company Information
13.11.2 Horizon Fuel Cell Technologies Proton Exchange Membrane (PEM) Fuel Cells Product Portfolios and Specifications
13.11.3 Horizon Fuel Cell Technologies Proton Exchange Membrane (PEM) Fuel Cells Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Horizon Fuel Cell Technologies Main Business Overview
13.11.5 Horizon Fuel Cell Technologies Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
