Malaysia Proton Exchange Membrane Fuel Cell Market Size & Outlook
Malaysia proton exchange membrane fuel cell market, 2018-2030 (US$M)
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Malaysia proton exchange membrane fuel cell market highlights
- The Malaysia proton exchange membrane fuel cell market generated a revenue of USD 6.6 million in 2023 and is expected to reach USD 30.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 24.5% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- Portable is the most lucrative application segment registering the fastest growth during the forecast period.
Proton exchange membrane fuel cell market data book summary
| Market revenue in 2023 | USD 6.6 million |
| Market revenue in 2030 | USD 30.4 million |
| Growth rate | 24.5% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Portable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Stationery, Portable |
| Key market players worldwide | Plug Power Inc, ITM Power PLC, Ballard Power Systems Inc, PowerCell Sweden AB, Cummins Inc, Oxford Instruments PLC, Intelligent Energy, Australian Vanadium Ltd, FuelCell Energy Inc, Horizon Oil Ltd |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.2% of the global proton exchange membrane fuel cell market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan proton exchange membrane fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 54.9 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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Malaysia 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 69.7% in 2023. Horizon Databook has segmented the Malaysia proton exchange membrane fuel cell market based on automotive, stationery, portable covering the revenue growth of each sub-segment from 2018 to 2030.
The proton exchange membrane fuel cell (PEMFC) market in Malaysia is experiencing notable growth, driven by the country's increasing focus on clean energy and sustainable development.
The government of Malaysia has been actively promoting the adoption of PEMFC technology as part of its efforts to reduce carbon emissions and transition toward renewable energy sources.
This roadmap specifically mentions PEMFC as a key technology for decarbonizing various sectors, thus highlighting the government's recognition of PEMFCs' potential to contribute to Malaysia's energy transition.
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Our clientele includes a mix of proton exchange membrane fuel cell market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia proton exchange membrane fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia proton exchange membrane fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia proton exchange membrane fuel cell market size, by application, 2018-2030 (US$M)
Malaysia Proton Exchange Membrane Fuel Cell Market Outlook Share, 2023 & 2030 (US$M)
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