The global demand for Proton Exchange Membrane Fuel Cell Market is presumed to reach the market size of nearly USD 18.05 MN by 2028 from USD 6.16 MN in 2021 with a CAGR of 16.6% under the study period 2022 - 2028.
A proton exchange membrane fuel cell contains a special proton-conducting polymer electrolyte membrane. It is a hydrogen-based fuel cell. Fuel cells with platinum electrodes are used in this application. These cell convert the chemical energy which is released during the reaction (electrochemical) of hydrogen and oxygen into electrical power.
Market Dynamics
The fuel cell is being adopted as the most preferred solution for the transportation sector due to its advantages, including the fact that the only byproduct of the reaction in the fuel cell is water which further drives the market growth of proton exchange membrane fuel cells. Proton exchange membrane fuel cell provides a high power density. It operates at low temperatures, allowing them to be combined in many applications, which are expected to boost the market growth. The proton exchange membrane fuel cells demand will fuel by the rise of commercial, medium, light, and heavy-duty vehicles with extremely low-harmful discharges. Additionally, government initiatives for growing concern for environmental issues like gas emissions will help to support the market growth of the proton exchange membrane fuel cell. The growing demand for EVs and the challenge of managing heavy hydrogen stations may act as a restraining market factor for the proton exchange membrane fuel cells.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of proton exchange membrane fuel cell. The growth and trends of proton exchange membrane fuel cell industry provide a holistic approach to this study.
Market Segmentation
This section of the proton exchange membrane fuel cell market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- High Temperature
- Low Temperature
By Material
- Membrane Electrode Assembly
- Hardware
By Application
- Automotive
- Portable
- Stationary
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Proton Exchange Membrane Fuel Cell market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Proton Exchange Membrane Fuel Cell Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the proton exchange membrane fuel cell market include Intelligent Energy Limited, Plug Power Inc., ITM Power PLC, Ballard Power Systems, PowerCell Sweden AB, Cummins Inc., AVL, Nedstack Fuel Cell Technology BV, Horizon Fuel Cell Technologies, Altergy, Infinity Fuel Cell and Hydrogen Inc., Loop Energy Inc., NUVERA FUEL CELLS, LLC, ElringKlinger AG, W. L. Gore & Associates Inc.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. For the year 2021, the global market size for proton exchange membrane fuel cell was valued at USD 6.16 Billion.
b. The global proton exchange membrane fuel cell market growth is estimated to be close to 16.6% between 2023 and 2028.
b. In the global proton exchange membrane fuel cell market, Europe holds the largest market share.
b. The global proton exchange membrane fuel cell market is segmented by Type (High Temperature, Low Temperature), by Material (Membrane Electrode Assembly, Hardware), by Application (Automotive, Portable, Stationary, Others).
b. The leading players in the global proton exchange membrane fuel cell market are Intelligent Energy Limited, Plug Power Inc., ITM Power PLC, Ballard Power Systems, PowerCell Sweden AB, Cummins Inc., AVL, Nedstack Fuel Cell Technology BV, Horizon Fuel Cell Technologies, Altergy, Infinity Fuel Cell and Hydrogen Inc., Loop Energy Inc., NUVERA FUEL CELLS, LLC, ElringKlinger AG, W. L. Gore & Associates Inc.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . PROTON EXCHANGE MEMBRANE FUEL CELL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Material
3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL PROTON EXCHANGE MEMBRANE FUEL CELL MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 High Temperature Historic and Forecast Sales by Regions
6.5 Low Temperature Historic and Forecast Sales by Regions
7 . GLOBAL PROTON EXCHANGE MEMBRANE FUEL CELL MARKET ANALYSIS BY MATERIAL
7.1 Overview by Material
7.2 Historical and Forecast Data
7.3 Analysis by Material
7.4 Membrane Electrode Assembly Historic and Forecast Sales by Regions
7.5 Hardware Historic and Forecast Sales by Regions
8 . GLOBAL PROTON EXCHANGE MEMBRANE FUEL CELL MARKET SALES ANALYSIS BY APPLICATION
8.1 Overview by Application
8.2 Historical and Forecast Data
8.3 Analysis by Application
8.4 Automotive Historic and Forecast Sales by Regions
8.5 Portable Historic and Forecast Sales by Regions
8.6 Stationary Historic and Forecast Sales by Regions
8.7 Others Historic and Forecast Sales by Regions
9 . GLOBAL PROTON EXCHANGE MEMBRANE FUEL CELL MARKET SALES ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook Sales Analysis
9.2. Introduction Sales Analysis
9.3. North America Sales Analysis
9.3.1. Overview, Historic and Forecast Sales Analysis
9.3.2. North America By Segment Sales Analysis
9.3.3. North America By Country Sales Analysis
9.3.4. United State Sales Analysis
9.3.5. Canada Sales Analysis
9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1. Overview, Historic and Forecast Sales Analysis
9.4.2. Europe by Segment Sales Analysis
9.4.3. Europe by Country Sales Analysis
9.4.4. United Kingdom Sales Analysis
9.4.5. France Sales Analysis
9.4.6. Germany Sales Analysis
9.4.7. Italy Sales Analysis
9.4.8. Russia Sales Analysis
9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1. Overview, Historic and Forecast Sales Analysis
9.5.2. Asia Pacific by Segment Sales Analysis
9.5.3. Asia Pacific by Country Sales Analysis
9.5.4. China Sales Analysis
9.5.5. India Sales Analysis
9.5.6. Japan Sales Analysis
9.5.7. South Korea Sales Analysis
9.5.8. Australia Sales Analysis
9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1. Overview, Historic and Forecast Sales Analysis
9.6.2. Latin America by Segment Sales Analysis
9.6.3. Latin America by Country Sales Analysis
9.6.4. Brazil Sales Analysis
9.6.5. Argentina Sales Analysis
9.6.6. Peru Sales Analysis
9.6.7. Chile Sales Analysis
9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1. Overview, Historic and Forecast Sales Analysis
9.7.2. Middle East & Africa by Segment Sales Analysis
9.7.3. Middle East & Africa by Country Sales Analysis
9.7.4. Saudi Arabia Sales Analysis
9.7.5. UAE Sales Analysis
9.7.6. Israel Sales Analysis
9.7.7. South Africa Sales Analysis
9.7.8. Rest Of Middle East And Africa Sales Analysis
10 . COMPETITIVE LANDSCAPE OF THE PROTON EXCHANGE MEMBRANE FUEL CELL COMPANIES
10.1. Proton Exchange Membrane Fuel Cell Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF PROTON EXCHANGE MEMBRANE FUEL CELL INDUSTRY
11.1. Top 10 Company Share Analysis
11.2. Market Concentration Rate
11.3. Intelligent Energy Limited
11.3.1. Company Overview
11.3.2. Company Revenue
11.3.3. Products
11.3.4. Recent Developments
11.4. Plug Power Inc.
11.4.1. Company Overview
11.4.2. Company Revenue
11.4.3. Products
11.4.4. Recent Developments
11.5. ITM Power PLC
11.5.1. Company Overview
11.5.2. Company Revenue
11.5.3. Products
11.5.4. Recent Developments
11.6. Ballard Power Systems
11.6.1. Company Overview
11.6.2. Company Revenue
11.6.3. Products
11.6.4. Recent Developments
11.7. PowerCell Sweden AB
11.7.1. Company Overview
11.7.2. Company Revenue
11.7.3. Products
11.7.4. Recent Developments
11.8. Cummins Inc.
11.8.1. Company Overview
11.8.2. Company Revenue
11.8.3. Products
11.8.4. Recent Developments
11.9. AVL
11.9.1. Company Overview
11.9.2. Company Revenue
11.9.3. Products
11.9.4. Recent Developments
11.10. Nedstack Fuel Cell Technology BV
11.10.1. Company Overview
11.10.2. Company Revenue
11.10.3. Products
11.10.4. Recent Developments
11.11. Horizon Fuel Cell Technologies
11.11.1. Company Overview
11.11.2. Company Revenue
11.11.3. Products
11.11.4. Recent Developments
11.12. Altergy
11.12.1. Company Overview
11.12.2. Company Revenue
11.12.3. Products
11.12.4. Recent Developments
11.13. Infinity Fuel Cell and Hydrogen Inc.
11.13.1. Company Overview
11.13.2. Company Revenue
11.13.3. Products
11.13.4. Recent Developments
11.14. Loop Energy Inc.
11.14.1. Company Overview
11.14.2. Company Revenue
11.14.3. Products
11.14.4. Recent Developments
11.15. NUVERA FUEL CELLS LLC
11.15.1. Company Overview
11.15.2. Company Revenue
11.15.3. Products
11.15.4. Recent Developments
11.16. ElringKlinger AG
11.16.1. Company Overview
11.16.2. Company Revenue
11.16.3. Products
11.16.4. Recent Developments
11.17. W. L. Gore & Associates Inc.
11.17.1. Company Overview
11.17.2. Company Revenue
11.17.3. Products
11.17.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- High Temperature Market Sales by Geography (USD MN)
- Low Temperature Market Sales by Geography (USD MN)
- Analysis Market by Material (USD MN)
- Membrane Electrode Assembly Market Sales by Geography (USD MN)
- Hardware Market Sales by Geography (USD MN)
- Analysis by Application (USD MN)
- Automotive Market Sales by Geography (USD MN)
- Portable Market Sales by Geography (USD MN)
- Stationary Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Proton Exchange Membrane Fuel Cell Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Proton Exchange Membrane Fuel Cell Report
- Market Research Process
- Market Research Methodology
- Global Proton Exchange Membrane Fuel Cell Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Material
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- High Temperature Market Sales by Geography (USD MN)
- Low Temperature Market Sales by Geography (USD MN)
- Global Market Analysis by Material (USD MN)
- Membrane Electrode Assembly Market Sales by Geography (USD MN)
- Hardware Market Sales by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Automotive Market Sales by Geography (USD MN)
- Portable Market Sales by Geography (USD MN)
- Stationary Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.