Global Proton Exchange Membrane Fuel Cell Market Size & Outlook
Global proton exchange membrane fuel cell market, 2018-2030 (US$M)
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Global proton exchange membrane fuel cell market highlights
- The global proton exchange membrane fuel cell market generated a revenue of USD 4,316.9 million in 2023 and is expected to reach USD 13,845.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.1% by 2030.
- In terms of segment, automotive accounted for a revenue of USD 2,848.3 million in 2023.
- Portable 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 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,316.9 million |
| Market revenue in 2030 | USD 13,845.4 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Stationery, Portable |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global proton exchange membrane fuel cell market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 7.6 million by 2030.
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Proton Exchange Membrane Fuel Cell Market Scope
Proton Exchange Membrane Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global proton exchange membrane fuel cell 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 proton exchange membrane fuel cell market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 65.98% in 2023. Horizon Databook has segmented the Global proton exchange membrane fuel cell market based on automotive, stationery, portable covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Proton Exchange Membrane Fuel Cell Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Stationery
- Portable
- Others
- Global Proton Exchange Membrane Fuel Cell Type Outlook (Revenue, USD Million, 2018-2030)
- High Temperature
- Low Temperature
- Global Proton Exchange Membrane Fuel Cell Material Outlook (Revenue, USD Million, 2018-2030)
- Membrane Electrode Assembly
- Hardware
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global proton exchange membrane fuel cell market , including forecasts for subscribers. This global databook contains high-level insights into Global proton exchange membrane fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global proton exchange membrane fuel cell market size, by region, 2018-2030 (US$M)
Top 10 countries: Proton exchange membrane fuel cell market size, 2023 (US$M)
Global proton exchange membrane fuel cell market share, by application, 2023 & 2030 (%, US$M)
Proton exchange membrane fuel cell market: Opportunity assessment by country
Global proton exchange membrane fuel cell market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 713.3 | 588.3 | 421.6 | 921.0 | 1,038.7 | 1,187.6 | 1,374.9 | 1,611.9 | 1,909.6 | 2,293.9 | 2,781.9 | 3,410.2 | 4,218.7 | 19.9% |
| Europe | 70.2 | 196.1 | 237.7 | 305.7 | 337.7 | 378.2 | 429.0 | 492.8 | 572.3 | 667.8 | 794.6 | 952.6 | 1,142.2 | 17.1% |
| Asia Pacific | 563.6 | 1,272.1 | 1,479.8 | 2,222.5 | 2,449.5 | 2,737.8 | 3,100.0 | 3,555.3 | 4,117.2 | 4,833.6 | 5,734.0 | 6,897.3 | 8,443.0 | 17.5% |
| Latin America | 1.2 | 1.2 | 1.5 | 2.1 | 2.7 | 3.5 | 4.4 | 5.1 | 5.3 | 6.3 | 8.4 | 9.0 | 9.7 | 15.9% |
| MEA | 3.2 | 4.3 | 4.9 | 7.3 | 8.4 | 9.9 | 10.8 | 12.5 | 19.2 | 27.4 | 29.0 | 30.5 | 31.8 | 18.1% |
| Overall | 1,351.4 | 2,062.1 | 2,145.5 | 3,458.5 | 3,836.9 | 4,316.9 | 4,919.1 | 5,677.6 | 6,623.5 | 7,829.0 | 9,347.8 | 11,299.7 | 13,845.4 | 18.1% |
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