Global Proton Exchange Membrane Fuel Cell Market Size & Outlook

The proton exchange membrane fuel cell industry worldwide is expected to reach a projected revenue of US$ 13,845.4 million by 2030. A compound annual growth rate of 18.1% is expected of the worldwide proton exchange membrane fuel cell industry from 2024 to 2030.

Revenue, 2023 (US$M)
$4,316.9
Forecast, 2030 (US$M)
$13,845.4
CAGR, 2024 - 2030
18.1%
Report Coverage
Worldwide

Global proton exchange membrane fuel cell market, 2018-2030 (US$M)

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 2023USD 4,316.9 million
Market revenue in 2030USD 13,845.4 million
Growth rate18.1% (CAGR from 2023 to 2030)
Largest segmentAutomotive
Fastest growing segmentPortable
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAutomotive, 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 Companies

Name Profile # Employees HQ Website

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 statistics, by region, 2018-2030 (US$M)

Top 10 countries: Proton exchange membrane fuel cell market size, 2023 (USD Million)

Top 10 countries: Proton exchange membrane fuel cell market size, 2023 (USD Million)

Global proton exchange membrane fuel cell market, by region, 2023 (US$M)

Global proton exchange membrane fuel cell market statistics, by region, 2018-2030 (US$M)

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