Membrane Electrode Assemblies Market: Overview
A membrane electrode assembly (MEA) is a core component in all fuel cell technologies. It converts chemical energy from a fuel into electricity through a chemical reaction with oxygen or another oxidizing agents. An MEA consists of two electrodes; anode and cathode; with a thin layer of catalyst and a gas diffusion layer, each bonded to both sides of the membrane.
Demand for fuel cells is increasing with a rapid pace. In the automobile industry, the alternative power vehicles such as hybrid cars, battery electric vehicles and fuel cell powered vehicles (FCPV) is gaining traction in the last few years. This, in turn, is driving the MEA market. Additionally, rise in environmental concerns and stringent regulations regarding carbon emissions, especially in Europe and North America, is anticipated to boost to the membrane electrode assemblies market. However, high cost of catalysts used in MEAs is likely to hinder the membrane electrode assemblies market.
Membrane Electrode Assemblies Market: Key Segments
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/membrane-electrode-assemblies-market.html
The membrane electrode assemblies market can be segmented based on type, application, and region. In terms of type, the market can be divided into three-layer membrane electrode assemblies, five-layer membrane electrode assemblies, and others. Five-layer membrane electrode assemblies is composed of a polymer electrolyte membrane (PEM), two catalyst layers, and two gas diffusion layers (GDLs), while three-layer membrane electrode assemblies includes polymer electrolyte membrane with catalyst layers applied to anode and cathode. Catalyst coated membrane (CCM) is another name for this type of MEA. The five-layer segment MEA is projected to expand at a considerable CAGR during the forecast period, as it can be installed in a cell as an integrated component, while the three-layer membrane electrode assemblies requires a pair of GDLs to make it a five-layer configuration for installation.
In terms of application, the membrane electrode assembly market can be segregated into electrolyzes, polymer electrolyte fuel cells, hydrogen/oxygen air fuel cells, direct methanol fuel cells, and others. The hydrogen/oxygen air fuel cells segment is estimated to expand at a substantial CAGR during the forecast period. Hydrogen air and hydrogen oxygen MEAs are used directly in polymer electrolyte membrane fuel cells (PEMFCs). PEMFCs are designed to optimize the efficiency of transport applications, stationary fuel cell applications, and portable fuel cell applications.
Membrane Electrode Assemblies Market: Regional Outlook
Based on region, the membrane electrode assemblies market can be categorized into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to lead the membrane electrode assemblies market. In the U.S., major businesses such as Coca-Cola, Walmart, eBay, and Google have pledged to adopt fuel cell for internal consumption. Adoption of fuel cell technology for operations is expected to reduce electricity utilization cost of data centers. The U.S. hold a major share of the membrane electrode assemblies market in North America. The membrane electrode assemblies market in Asia Pacific is anticipated to grow considerable CAGR during forecast period due to high growth in industrial and infrastructure sectors. In terms of revenue, China, Japan, India, and Indonesia are the key countries for the membrane electrode assemblies market in the region.
Membrane Electrode Assemblies Market: Key Players
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=55590&source=atm
Major companies operating in the membrane electrode assemblies market include Giner Inc., 3M Company, HyPlat (Pty) Ltd., Ballard Power Systems Inc., E. I. du Pont de Nemours and Company, Johnson Matthey Plc, Fuel Cells Etc, Greenerity GmbH, Danish Power Systems, and YuanBo Engineering Co., Ltd
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=55590&source=atm
This post was originally published on Space Market Research