South Africa Proton Exchange Membrane Fuel Cell Market Size & Outlook
South Africa proton exchange membrane fuel cell market, 2018-2030 (US$M)
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South Africa proton exchange membrane fuel cell market highlights
- The South Africa proton exchange membrane fuel cell market generated a revenue of USD 1.0 million in 2023 and is expected to reach USD 3.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- Stationery 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 1.0 million |
| Market revenue in 2030 | USD 3.5 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Stationery |
| 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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE proton exchange membrane fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.5 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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South Africa 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 80% in 2023. Horizon Databook has segmented the South Africa proton exchange membrane fuel cell market based on automotive, stationery, portable covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is focusing on developing its hydrogen infrastructure to limit carbon emissions. In August 2022, the South African government proposed to install fuel cells, which are expected to power data centers in South Africa to replace the currently used diesel power generators at the Limpopo Science and Technology Park.
In addition, the governments of various other countries of Africa, such as Egypt, Kenya, Morocco, Mauritania, and Namibia, started the Africa Green Hydrogen Alliance to collaborate with the technology provider and foster the requirement of green hydrogen.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa proton exchange membrane fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into South Africa proton exchange membrane fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa proton exchange membrane fuel cell market size, by application, 2018-2030 (US$M)
South Africa Proton Exchange Membrane Fuel Cell Market Outlook Share, 2023 & 2030 (US$M)
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