Global membrane electrode assembly market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031).The market growth is attributed to the growing global demand for fuel cells.Governments around the globe are investing in fuel cell R&D and implementing policies and incentives to drive the growth of the market.For instance, in March 2023, Hyundai Motor Company announced a successful technology assessment with Advent Technologies Holdings, Inc. The assessment evaluated Advent’s proprietary Membrane Electrode Assembly (MEA) technology for supplying Hyundai’s high-temperature fuel cell needs, and following its success, the two companies have entered into a Joint Development Agreement (JDA).
Browse the full report description of “Membrane Electrode Assembly Market Size, Share & Trends Analysis Report by Product (3-Layer Membrane Electrode Assemblies, 5-Layer Membrane Electrode Assemblies and 7-Layer Membrane Electrode Assemblies), and by Application (Proton-Exchange Membrane Fuel Cell (PEMFC), Direct Methanol Fuel Cell (DMFC), Electrolyzers and Hydrogen / Oxygen Fuel Cells), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/membrane-electrode-assembly-market
According to the US Department of Energy (DoE), in February 2022, the US market required an electrolyzer capacity range of up to 1,000 GW to meet new capacity deployments and replace existing capacity at the end of its lifetime. This is a large increase over the approximately 0.17 GW of capacity currently installed or planned in the US and result in an approximately 20.0% CAGR from 2021 to 2050.
Market players around the globe have set target figures and launched policy initiatives to achieve carbon neutrality in 2050. Membrane electrode assemblies are essential elements for the practical application of hydrogen in society. It must have a reliable supply to the market, longevity, and a high energy conversion efficiency. For instance, in August 2023, TOPPAN Holdings Inc. installed production equipment for Catalyst-Coated Membrane (CCM)orMEAs at its Kochi Plant in Kochi Prefecture, Japan.With the equipment installed, Toppan can mass produce sheet-type CCM. This is made possible by leveraging Toppan’s manufacturing technologies, such as base sheet transfer and uniform coating on large surfaces, a technique developed in the manufacture of large color filters.Additionally, the parties introduce advanced cooling technologies for the mobility of High-Temperature Proton Exchange Membrane (HT-PEM) fuel cell stacks.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3M Inc., Ballard Power Systems Inc., BASF SE, DuPont de Nemours, Inc., Toshiba Energy Systems & Solutions Corp.among others.
Key questions addressed by the report.
Global Membrane Electrode Assembly Market Report Segment
By Product
By Application
Global Membrane Electrode Assembly Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/membrane-electrode-assembly-market