Global Membrane Electrode Assembly Market Size & Outlook
Global membrane electrode assembly market, 2018-2030 (US$M)
Related Markets
Global membrane electrode assembly market highlights
- The global membrane electrode assembly market generated a revenue of USD 12,216.0 million in 2024 and is expected to reach USD 44,510.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 24% by 2030.
- In terms of segment, pemfc accounted for a revenue of USD 6,652.5 million in 2024.
- Electrolyzers is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 12,216.0 million |
| Market revenue in 2030 | USD 44,510.2 million |
| Growth rate | 24% (CAGR from 2025 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | Electrolyzers |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PEMFC, DMFC, Electrolyzers, Hydrogen / Oxygen Fuel Cells |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global membrane electrode assembly market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 2,926.9 million by 2030.
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Membrane Electrode Assembly Market Scope
Membrane Electrode Assembly Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| IRD Fuel Cells | View profile | 11-50 | Odense, Syddanmark, Denmark, Europe | https://irdfuelcells.com/ |
| FuelCellsEtc | View profile | 1-10 | College Station, Texas, United States, North America | http://fuelcellsetc.com |
| Giner Labs | View profile | 51-100 | Newton, Massachusetts, United States, North America | http://www.ginerinc.com |
| Danish Power Systems | View profile | 11-50 | Kvistgård, Hovedstaden, Denmark, Europe | http://www.daposy.com |
| Ballard Power Systems Inc | View profile | 1173 | 9000 Glenlyon Parkway, Burnaby, BC, Canada, V5J 5J8 | https://www.ballard.com |
| Plug Power Inc | View profile | 3868 | 968 Albany Shaker Road, Latham, NY, United States, 12110 | https://www.plugpower.com |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| W.L. Gore & Associates | View profile | 5001-10000 | Newark, New Jersey, United States, North America | http://www.gore.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global membrane electrode assembly market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to membrane electrode assembly market will help companies and investors design strategic landscapes.
Pemfc was the largest segment with a revenue share of 54.46% in 2024. Horizon Databook has segmented the Global membrane electrode assembly market based on pemfc, dmfc, electrolyzers, hydrogen / oxygen fuel cells covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Membrane Electrode Assembly Application Outlook (Revenue, USD Million, 2018-2030)
- PEMFC
- DMFC
- Electrolyzers
- Hydrogen / Oxygen Fuel Cells
- Others
- Global Membrane Electrode Assembly Product Outlook (Revenue, USD Million, 2018-2030)
- 3-Layer MEA
- 5-Layer MEA
- Others
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Our clientele includes a mix of membrane electrode assembly market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global membrane electrode assembly market , including forecasts for subscribers. This global databook contains high-level insights into Global membrane electrode assembly market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global membrane electrode assembly market size, by regions, 2018-2030 (US$M)
Top 10 countries: Membrane electrode assembly market size, 2024 (US$M)
Global membrane electrode assembly market share, by application, 2024 & 2030 (%, US$M)
Membrane electrode assembly market: Opportunity assessment by country
Global membrane electrode assembly market, by region, 2024 (US$M)
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