PEM Fuel Cell Materials Market– A Comprehensive Assessment Of Current Dynamics And Emerging Avenues

 

Manufacturers Gain Situational Awareness to Plan Supply Chains during Coronavirus Outbreak

Stakeholders in the chemicals and materials industry have been heavily dependent on Chinese suppliers and manufacturers. This has led to disruptions in supply chain for stakeholders in the global chemicals and materials sector during the COVID-19 outbreak. Companies in the PEM fuel cell materials market are increasing efforts to gain real-time situational awareness about their supply chains to tide over uncertainties in demand for products and services.

Manufacturers in the PEM fuel cell materials market are assessing their links in supply chains, especially in countries that are struggling to lower their coronavirus case. They are becoming transparent about the management’s analysis of the current and future impact of liquidity in the upcoming financial year.

Request A Sample-https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=864

Thermal Management in Fuel Cell Systems Helps Improve Waste Heat Efficiency

PEM (proton exchange membrane) fuel cells are paving the way for innovations in automotive applications. However, technical challenges with respect to cost, power density of PEM fuel cells, and their durability are raising concerns in manufacturing activities. As such, advancements in improving fuel transmission infrastructure are being taken into consideration by companies in the PEM fuel cell materials market. Companies are increasing their R&D muscle to deploy thermal management in fuel cell systems to make sure high temperature operations improve waste heat efficiency.

The PEM fuel cell materials market is predicted to advance at an explosive CAGR of ~58% during the assessment period. This is evident since hydrogen technology is being highly publicized for lowering road emissions in vehicles.

Reliable Performance in Fuel Cell Stacks Pave Way for Zero Road Emissions

Electrical powertrains are gaining popularity for its low to no local emissions. Companies in the PEM fuel cell materials market are collaborating with other small companies a competitive edge. Bosch— a Germany-based multinational engineering and technology company has partnered with startup PowerCell Sweden to enable mass production of systems.

The hydrogen technology is gaining prominence to electrify heavy trucks. However, manufacturers are increasing efforts to tackle its steep manufacturing costs. In order to achieve this, manufacturers on focusing their attention on mass manufacturing of the fuel cell stack comprised of proton-exchange membrane fuel cells (PEMFC). They are making sure that each individual fuel stack performs reliably and contributes toward smooth functioning of the fuel transmission infrastructure. Moreover, improved control units in vehicles are translating into value grab opportunities for manufacturers in the PEM fuel cell materials market.

REQUEST FOR COVID19 IMPACT ANALYSIS –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=864

PEM Fuel Cells Maximize Fuel Efficiency, Durability, Range of Automobiles

The PEM fuel cell materials market is expected to reach the revenue mark of US$ 19 Mn by 2030. This signals that individuals and automotive companies are becoming conscious about creating clean energy for transportation applications. The hydrogen technology is being used to maximize efficiency, sustainability, and vehicle range of automobiles. Better fuel efficiency, durability, and operating range of PEM fuel cell systems is grabbing the attention of environment conscious vehicle owners and automotive companies.

PEMs are emerging as an effective choice from available fuel cells, whilst having the potential to replace traditional combustion engines and batteries. Transportation and material handling applications are creating business streams for manufacturers in the PEM fuel cell materials market.

Specialized Fuel Cell Developers to Make Hydrogen Technology Accessible to Masses

Companies in the PEM fuel cell materials market are investing billions of dollars to make zero emission hydrogen fuel cells a more cost efficient technology for consumers and stakeholders in the value chain. The PEM fuel cell technology is gaining popularity for reducing the use of toxic materials during vehicle manufacturing.

In order to gain a competitive edge in the PEM fuel cell materials market, manufacturers are teaming up with specialized fuel cell developers, scientists, and engineers to make hydrogen technology a believable reality for car and vehicle owners. For instance, Ballard Power Systems Inc.— a developer of PEM fuel cell products, is focusing on practical and commercial advantages of PEM fuel cells to make the hydrogen technology accessible for masses.

PEM Fuel Cell Materials Market: Overview

  • According to Transparency Market Research’s latest research report on the global PEM fuel cell materials market for the forecast period of 2020 to 2030, increase in usage of PEM fuel cells in automobile and power generation industries is expected to boost the global PEM fuel cell materials market during the forecast period
  • Companies around the world have been investing significantly in R&D of PEM fuel cell materials since the last few materials, as the cost of these materials is high. The cost of PEM fuel cell materials has decreased by more than 60% over the last 10 years. The cost of PEM fuel cell materials is expected to decline further in the near future. This decrease in the prices of PEM fuel cell materials is estimated to boost the PEM fuel cell materials market during the forecast period. 
  • In terms of revenue, the global PEM fuel cell materials market is projected to reach US$ 19 Mn by 2030, expanding at a CAGR of ~58% during the forecast period

Rise in Government Initiatives to Promote Fuel Cell Projects: Key Driver of PEM Fuel Cell Materials Market

  • Rise in awareness about green energy and implementation of stringent government rules and regulations regarding the emission of greenhouse gases and carbon are compelling companies to implement effective and pollution-free energy generation methods. Governments across the world are promoting fuel cell projects by providing funding and subsidies to fuel cell manufacturers. For instance, the Government of China has introduced a new policy to offer subsidies to the entire fuel cell value chain. According to the policy, funding is provided to a city or cluster of cities that meet criteria such as technical parameters on power and power density of fuel cells; and achievement of a minimum number of vehicles per city or city cluster (least 1,000 vehicles). According to the policy, US$ 220 Mn is offered depending on the criteria the city or the city cluster meet. Furthermore, the city or cluster of city gets additional US$ 3 Mn to develop the refueling infrastructure. These subsidies are likely to support the introduction of 37,500 to 60,000 vehicles between 2020 and 2023. These government initiatives are expected to propel the demand for fuel cells.
  • The PEM fuel cell materials market directly depends on the sale of PEM fuel cells. Thus, rise in government initiatives to promote fuel cell projects is anticipated to boost the demand for PEM fuel cell materials during the forecast period.

Purchase A Report-https://www.transparencymarketresearch.com/checkout.php?rep_id=864&ltype=S

Increase in Demand for Fuel Cell in Automobile Applications to Augment PEM Fuel Cell Materials Market 

  • Fuel cell uses the chemical energy of hydrogen or another fuel to produce electricity. The use of hydrogen as fuel helps produce electricity, water, and heat. Thus, fuel cells can be used in diverse applications, ranging from utility power stations to automobiles.
  • Fuel cells can operate at higher efficiencies compared to combustion engines. Fuel cells have lower emissions than combustion engines. They also do not emit CO2 and other greenhouse gases. Thus, fuel cells do not emit no air pollutants that cause health issues.
  • Awareness about pollution caused by automobiles has been increasing since the past few years. Thus, focus on green fuel for vehicles has been rising. Fuel cells provide emission-free power solution. Thus, sales of fuel cell operated vehicles has increased over the past few years. Currently, PEM fuel cells are the focus of research for fuel cell vehicle applications.
  • Demand for fuel cells is expected to increase in the near future due to their environmental benefits. Thus, rise in demand for fuel cells in automobile applications is estimated to drive the PEM fuel cell materials market during the forecast period.

Comments

Post a Comment

Popular posts from this blog

Compresed Fiberboard Market Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2027

  Compressed Fiberboard Market: Introduction ·          A compressed fiberboard is a type of engineered wood wallboard, which is composed of wood fibers, sawdust, softwood flakes, and other materials such as paper or cardboard. All these materials are mixed with synthetic resin and wax and then, compressed in a de-fibrator machine under heat to form rigid sheets. Types of Compressed Fiberboards ·          Based on density, compressed fiberboards are classified into three key types: low-density fiberboards (LDFs), medium-density fiberboards (MDFs), and high-density fiberboards (HDFs). Low-density fiberboards, also known as particle boards, primarily used for wall paneling, molding, and furniture manufacture. The density of low-density fiberboards usually ranges between 160 kg/m³ and 450 kg/m³. Particle boards are less strong and inexpensive compared to MDFs and HDFs. Low-density fiberboards are more vulnerable to humidity or moisture, which makes them unsuitable for outdoor usage
Read more

Polyurethane Screen Panels Market is Projected to Garner Significant Revenues by 2030

  Polyurethane Screen Panels Market:  Introduction ·          Polyurethane screen panels are primarily used for screening of abrasive materials. They offer excellent abrasion resistance, long service life, less maintenance, excellent oil resistance or wettability, corrosion resistance, non-flammability, vibration and sound absorption ability, screening efficiency, power saving, and increased lifespan of screening equipment. These properties are expected to boost the demand for polyurethane screen panels in the near future. ·          Polyurethane screen panels are widely employed in various end-use industries such as mineral processing, coal & steel, recycling, mining, and cement. Among these end-use industry segments, mineral processing and coal & steel segments are expected to hold a major share of the global polyurethane screen panels market during the forecast period. Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=770
Read more

Polyalkylene Glycol Market Analysis, Statistics, Segments, Regional Outlook And Forecasts To 2027

  Polyalkylene Glycol Market: Introduction The global  polyalkylene glycol market  was valued at ~US$ 10.2 Bn in 2018 and is anticipated to expand at a CAGR of ~11% from 2019 to 2027. Major raw materials used in polyalkylene glycol companies are mostly petroleum-based substances, such as ethylene oxide and propylene oxide. Propylene oxide (PO) is a chemical intermediate used in the production of polyether polyols. Availability of raw materials, such as ethylene oxide and polyethylene oxide for the manufacturing of polyalkylene glycol is expected to boost the polyalkylene glycol market. Key Drivers of Polyalkylene Glycol Market Manufacturers of polyurethane foam are the major consumers of polyalkylene glycol. Polyalkylene glycol is the most consumed chemical in the manufacturing of polyurethane, in terms of volume. Polyurethane foams are widely used in a variety of applications in several industries, including furniture, automobiles, residential, sculpture, decoration, building & co
Read more