2014-02-17 16:06:03 - Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells - a new market research report on companiesandmarkets.com
The global PEMFC MEA market reached $444 million in 2012. The market is projected to reach $1.2 billion in 2017, registering a five-year compound annual growth rate (CAGR) of 22.1%. Identified as a practical solution to many of the technological and environmental problems facing the world today, PEMFCs are an increasingly attractive power source for transportation, stationary distributive power, and small-scale applications such as portable electronic products.
There are huge potential profits in this market and it is these prospective gains that are driving the technological innovation in a somewhat chaotic environment. However, there are barriers to wider scale use, especially in automotive transportation. Other market forces discussed in this report include consumer desire for premium portable power, limits in the
power and durability of lithium ion/polymer battery technology, and impeding forces like environmental regulation.
PEMFC development and commercialization is an ever-changing process. In the process of this evolution, the different PEMs and MEAs will evolve and be adapted to more specific uses.
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