Transparency Market Research Reports included a detailed market survey and analysis trends on “PEM Fuel Cells Materials Market”.
This report also includes more info about basic overview of the
industry including definitions, applications and global market industry
structure.
The global market for components of proton exchange
membranes (PEM) and membrane electrode assemblies (MEA) used in PEM Fuel
cells (PEMFC) is witnessing a trend of rising demand. The market is
expected to record a compounded growth of approximately 21.1% from 2012
to 2018. The key factors influencing the market growth are growing
environmental problems and depleting conventional fuel resources. This
has resulted in the need to find alternative energy resources, and fuel
cells have been instrumental in meeting the diverse requirements.
Browse Full Report:- http://www.transparencymarketresearch.com/pem-fuel-cells-materials.html
The
growing demand for efficient, durable, and safe fuel cells has been
influencing the market dynamics for fuel cell components. The high
growth potential of fuel cells is driving players into the market. The
current industry players are DuPont, Dow, E-TEK, 3M, W. L. Gore &
Associates, Inc., Hoku Scientific, Inc., and some others.
Fuel
cells are of different types, and can be classified based on
electrolyte or fuel types. Depending on electrolyte or the fuel used,
fuel cells have different applications and operating condition
specifications and requirements. The proton exchange membranes used in
fuel cells are of three types - perfluorinated, partially fluorinated,
and hydrocarbon based.
PEMFCs are experiencing fast rise
in demand due to their preference for use and applications in
residential power, automobiles, and in portable devices such as cell
phones, tablets, laptops, and in imaging devices. The attributes of
PEMFCs such as durability, quick response, non-corrosiveness, absence of
carbon, and minimal design challenges (shape and size) make them ideal
for use in such devices, which are directly driving the demand and the
subsequent market growth.
The materials used in a PEMFC
are proton exchange membranes (PEM), catalysts, gaseous diffusion layers
(backing layers), and bipolar plates. Among these, PEM, which is an
electrolyte, is the most important component of the fuel cell, and is
seeing continuous developments for higher efficiency. The suitability of
materials for use as PEM and MEA designs is one of the fields where new
applications and design solutions are being developed.
The
need of intense research and development is seeing a growing trend of
governments subsidizing such activities and providing incentives to
companies operating in the field. Finding a suitable catalyst, which is a
major cost component of the PEMFC, is a key challenge to be addressed
to keep the prices down for encouraging a higher adoption rate.
Though
the fuel cells market is more dynamic in North America and Western
Europe, the economic slowdown is pushing certain quarters of governments
to cut down on subsidies and grants, which may hinder the market
growth. It is estimated that MEA components account for the largest
market share, but would see a slower growth compared to catalysts, which
is the fastest growing segment. The global market is, however, expected
to see a rise in growth rate in the near future due to growing energy
and environment constraints.
This research report analyzes
this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in technology,
Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro
factors essential for the existing market players and new entrants along
with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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