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Membrane Electrode Assembly Market Report Scope & Overview:

The Membrane Electrode Assembly Market size was valued at USD 0.52 billion in 2023 and is expected to grow to USD 2.65 billion by 2031 and grow at a CAGR of 22.4 % over the forecast period of 2024-2031.

The market for membrane electrode assemblies is expanding as a result of an increase in the demand for fuel cell systems brought on by growing environmental concerns and strict laws, particularly in Europe and North America, to minimise carbon emissions.

Membrane Electrode Assembly Market Revenue Analysis

However, the expensive price of the catalyst used in membrane electrode assemblies’ limits market expansion. It is anticipated that technological developments and rising demand from emerging nations for membrane electrode assemblies owing to an increase in energy demand would create significant growth possibilities for market expansion.

An oxidant is encountered on the cathode side while a fuel (methanol or hydrogen) diffuses through the anode. The electrons that were taken away from the fuel bond with the resultant ions and are received. A catalyst that is present on each side of the membrane allows protons to pass through while separating gases. In this process, the cell potential is preserved while a current from the cell is pulled to produce electricity. Polymer electrolyte membrane (PEM), two gas diffusion layers (GDL), and two catalyst layers make up a standard membrane electrode assembly. Due to its makeup, a membrane electrode assembly with this arrangement is known as a 5-layer membrane electrode assembly.

MARKET DYNAMICS

KEY DRIVERS:  

  • Growing initiatives for fuel cell in automotive industry

  • Government initiatives fuel enhanced technological advancements

A practical and essential technology for changing energy systems to ones that are more efficient and emit less carbon dioxide is the use of fuel cells and electrolyzes. However, the accessibility of various resources and technologies has come close to enabling significant national contributions to the advancement of fuel cell technology.

RESTRAIN:

  • High cost

  • Fuel cell durability issues

The manufacture of the MEA, a crucial part of the fuel cell and electrolysers where electrochemical processes take place, is correlated with the performance of the stack. Defects, such as greater interfacial resistance between catalyst layers or a break in the catalyst layer during the manufacture of MEAs, are known to exist.

OPPORTUNITY: 

  • Technological improvement and increasing demand for membrane electrode assembly

  • Advancement in green technology

CHALLENGES:

  • Fuel cell durability issues.

  • High cost of catalyst utilized

IMPACT OF RUSSIAN UKRAINE WAR

MEA is critical component used in fuel cells, and its production and supply could potentially be affected by various factors, including geopolitical conflicts, trade disruptions, and economic instability. For example, if the conflict led to disruptions in the supply chain of raw materials or transportation routes used for MEA manufacturing, it could have implications on the availability and cost of MEAs. However, it's essential to consult up-to-date sources and experts in the field to get accurate and current information on any potential impacts of the Russia-Ukraine war on the fuel cell industry and its components like MEAs.

IMPACT OF ONGOING RECESSION

During a recession, there is often a decline in overall economic activity, which can lead to decreased demand for various products and technologies. In the case of MEAs, they are a critical component used in fuel cells, which are commonly used in various applications like automotive, stationary power generation, and portable devices. If demand for these end-products decreases during a recession, it can have a direct impact on the demand for MEAs. During an economic downturn, companies may face financial constraints, making it challenging to secure funding for research and development projects. Investments in fuel cell technology and related components like MEAs may decrease as companies prioritize short-term financial stability over long-term innovation.

KEY MARKET SEGMENTS

By Component

  • Membranes

  • Gas Diffusion later (GDL)

  • Gaskets

  • Others.

By Application

  • Proton Exchange Membrane Fuel Cells (PEMFC)

  • Direct Methanol Fuel Cells (DMFC)

  •  Electrolysers

    •  Alkaline Electrolyser

    • Proton Exchange Membrane Electrolyser

    • Solid Oxide Electrolyser

  • Others

Membrane Electrode Assembly Market Segmentation Analysis

REGIONAL ANALYSIS

The largest market region worldwide is Asia Pacific. In value terms, the area held a 53.4% share. Due to the widespread consideration of fuel cell and renewable energy sources, the market for membrane electrode assemblies is anticipated to grow in the Asia Pacific region as a result of the region's increasing demand for electric cars.

The development of highly energy-efficient cars and the promotion of hydrogen-based transportation are priorities in Europe. combining the market for membrane electrode assemblies. The development and adoption of fuel cell technologies have come under the limelight as a result of numerous government efforts. Take the GAIA project, for instance.

Due to the commercial launch of fuel cell technology and significant expenditures in the research and development programme of fuel cell technologies, North America is expected to increase rapidly throughout the projection period.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

RECENT DEVELOPMENT

  • A new multimillion-pound contract for the delivery of Membrane Electrode Assemblies (MEAs) is signed between Johnson Matthey and SFC Energy AG in January 2021. At least 400,000 Membrane Electrode Assemblies will be provided by |M. The deal will be in effect for more than three years beginning in February 2021.

  • 2020 September: At its headquarters plant in Vancouver, Canada, Ballard Power Systems made the decision to increase its manufacturing capacity for the manufacture of membrane electrode assemblies (MEA) by six times. The increased capacity generates 6 million MEAs yearly, or around 1.66 Gigawatts. Ballard's Vancouver facility is now the biggest commercial vehicle fuel cell production unit in operation worldwide thanks to an increase in capacity.   

KEY PLAYERS 

Ballard Power Systems (Canada), Johnson Matthey (U.K.), Danish Power Systems (Denmark), BASF SE (Germany), WL Gore & Associates, Inc. (U.S.), Giner Inc. (U.S.), FuelCellsEtc (U.S.), IRD Fuel Cells (Denmark), Greenerity GmBH (Germany), Plug Power Inc. (U.S.), Hyplat (South Africa), The Chemours Company (U.S.), Sainergy (Georgia) and other players are listed in a final report.

Johnson Matthey (U.K.)-Company Financial Analysis

Company Landscape Analysis

Membrane Electrode Assembly Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 0.52 Bn
Market Size by 2031  US$ 2.65 Bn
CAGR   CAGR of 22.4 % From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Membranes, Gas Diffusion later (GDL), Gaskets, Others.)
• By Application (Proton Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Electrolysers, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Ballard Power Systems (Canada), Johnson Matthey (U.K.), Danish Power Systems (Denmark), BASF SE (Germany), WL Gore & Associates, Inc. (U.S.), Giner Inc. (U.S.), FuelCellsEtc (U.S.), IRD Fuel Cells (Denmark), Greenerity GmBH (Germany), Plug Power Inc. (U.S.), Hyplat (South Africa), The Chemours Company (U.S.), Sainergy (Georgia)
Key Drivers • Growing initiatives for fuel cell in automotive industry
• Government initiatives fuel enhanced technological advancements
Market Restraints • High cost
• Fuel cell durability issues

 

Frequently Asked Questions

Ans: Membrane Electrode Assembly Market is anticipated to expand by 22.2 % from 2023 to 2030.

Ans:  USD 2.13 billion is expected to grow by 2030.

Ans: Membrane Electrode Assembly Market size was valued at USD 0.43 billion in 2022

Ans: Asia Pacific is dominating the market.

Ans: 

  • Fuel cell durability issues.

  • High cost of catalyst utilized

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Membrane Electrode Assembly Market Segmentation, By Component
8.1 Membranes
8.2 Gas Diffusion later (GDL)
8.3 Gaskets
8.4 Others

9. Membrane Electrode Assembly Market Segmentation, By Application
9.1 Proton Exchange Membrane Fuel Cells (PEMFC)
9.2 Direct Methanol Fuel Cells (DMFC)
9.3 Electrolysers
9.3.1 Alkaline Electrolyser
9.3.2 Proton Exchange Membrane Electrolyser
9.3.3 Solid Oxide Electrolyser
9.4O thers

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Membrane Electrode Assembly Market by Country
10.2.2North America Membrane Electrode Assembly Market by Component
10.2.3 North America Membrane Electrode Assembly Market by Technology
10.2.4 USA
10.2.4.1 USA Membrane Electrode Assembly Market by Component
10.2.4.2 USA Membrane Electrode Assembly Market by Technology
10.2.5 Canada
10.2.5.1 Canada Membrane Electrode Assembly Market by Component
10.2.5.2 Canada Membrane Electrode Assembly Market by Technology
10.2.6 Mexico
10.2.6.1 Mexico Membrane Electrode Assembly Market by Component
10.2.6.2 Mexico Membrane Electrode Assembly Market by Technology
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Membrane Electrode Assembly Market by Country
10.3.1.2 Eastern Europe Membrane Electrode Assembly Market by Component
10.3.1.3 Eastern Europe Membrane Electrode Assembly Market by Technology
10.3.1.4 Poland
10.3.1.4.1 Poland Membrane Electrode Assembly Market by Component
10.3.1.4.2 Poland Membrane Electrode Assembly Market by Technology
10.3.1.5 Romania
10.3.1.5.1 Romania Membrane Electrode Assembly Market by Component
10.3.1.5.2 Romania Membrane Electrode Assembly Market by Technology
10.3.1.6 Hungary
10.3.1.6.1 Hungary Membrane Electrode Assembly Market by Component
10.3.1.6.2 Hungary Membrane Electrode Assembly Market by Technology
10.3.1.7 Turkey
10.3.1.7.1 Turkey Membrane Electrode Assembly Market by Component
10.3.1.7.2 Turkey Membrane Electrode Assembly Market by Technology
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Membrane Electrode Assembly Market by Component
10.3.1.8.2 Rest of Eastern Europe Membrane Electrode Assembly Market by Technology
10.3.2 Western Europe
10.3.2.1 Western Europe Membrane Electrode Assembly Market by Country
10.3.2.2 Western Europe Membrane Electrode Assembly Market by Component
10.3.2.3 Western Europe Membrane Electrode Assembly Market by Technology
10.3.2.4 Germany
10.3.2.4.1 Germany Membrane Electrode Assembly Market by Component
10.3.2.4.2 Germany Membrane Electrode Assembly Market by Technology
10.3.2.5 France
10.3.2.5.1 France Membrane Electrode Assembly Market by Component
10.3.2.5.2 France Membrane Electrode Assembly Market by Technology
10.3.2.6 UK
10.3.2.6.1 UK Membrane Electrode Assembly Market by Component
10.3.2.6.2 UK Membrane Electrode Assembly Market by Technology
10.3.2.7 Italy
10.3.2.7.1 Italy Membrane Electrode Assembly Market by Component
10.3.2.7.2 Italy Membrane Electrode Assembly Market by Technology
10.3.2.8 Spain
10.3.2.8.1 Spain Membrane Electrode Assembly Market by Component
10.3.2.8.2 Spain Membrane Electrode Assembly Market by Technology
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Membrane Electrode Assembly Market by Component
10.3.2.9.2 Netherlands Membrane Electrode Assembly Market by Technology
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Membrane Electrode Assembly Market by Component
10.3.2.10.2 Switzerland Membrane Electrode Assembly Market by Technology
10.3.2.11 Austria
10.3.2.11.1 Austria Membrane Electrode Assembly Market by Component
10.3.2.11.2 Austria Membrane Electrode Assembly Market by Technology
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Membrane Electrode Assembly Market by Component
10.3.2.12.2 Rest of Western Europe Membrane Electrode Assembly Market by Technology
10.4 Asia-Pacific
10.4.1 Asia Pacific Membrane Electrode Assembly Market by Country
10.4.2 Asia Pacific Membrane Electrode Assembly Market by Component
10.4.3 Asia Pacific Membrane Electrode Assembly Market by Technology
10.4.4 China
10.4.4.1 China Membrane Electrode Assembly Market by Component
10.4.4.2 China Membrane Electrode Assembly Market by Technology
10.4.5 India
10.4.5.1 India Membrane Electrode Assembly Market by Component
10.4.5.2 India Membrane Electrode Assembly Market by Technology
10.4.6 Japan
10.4.6.1 Japan Membrane Electrode Assembly Market by Component
10.4.6.2 Japan Membrane Electrode Assembly Market by Technology
10.4.7 South Korea
10.4.7.1 South Korea Membrane Electrode Assembly Market by Component
10.4.7.2 South Korea Membrane Electrode Assembly Market by Technology
10.4.8 Vietnam
10.4.8.1 Vietnam Membrane Electrode Assembly Market by Component
10.4.8.2 Vietnam Membrane Electrode Assembly Market by Technology
10.4.9 Singapore
10.4.9.1 Singapore Membrane Electrode Assembly Market by Component
10.4.9.2 Singapore Membrane Electrode Assembly Market by Technology
10.4.10 Australia
10.4.10.1 Australia Membrane Electrode Assembly Market by Component
10.4.10.2 Australia Membrane Electrode Assembly Market by Technology
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Membrane Electrode Assembly Market by Component
10.4.11.2 Rest of Asia-Pacific APAC Membrane Electrode Assembly Market by Technology
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Membrane Electrode Assembly Market by Country
10.5.1.2 Middle East Membrane Electrode Assembly Market by Component
10.5.1.3 Middle East Membrane Electrode Assembly Market by Technology
10.5.1.4 UAE
10.5.1.4.1 UAE Membrane Electrode Assembly Market by Component
10.5.1.4.2 UAE Membrane Electrode Assembly Market by Technology
10.5.1.5 Egypt
10.5.1.5.1 Egypt Membrane Electrode Assembly Market by Component
10.5.1.5.2 Egypt Membrane Electrode Assembly Market by Technology
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Membrane Electrode Assembly Market by Component
10.5.1.6.2 Saudi Arabia Membrane Electrode Assembly Market by Technology
10.5.1.7 Qatar
10.5.1.7.1 Qatar Membrane Electrode Assembly Market by Component
10.5.1.7.2 Qatar Membrane Electrode Assembly Market by Technology
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Membrane Electrode Assembly Market by Component
10.5.1.8.2 Rest of Middle East Membrane Electrode Assembly Market by Technology
10.5.2 Africa
10.5.2.1 Africa Membrane Electrode Assembly Market by Country
10.5.2.2 Africa Membrane Electrode Assembly Market by Component
10.5.2.3 Africa Membrane Electrode Assembly Market by Technology
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Membrane Electrode Assembly Market by Component
10.5.2.4.2 Nigeria Membrane Electrode Assembly Market by Technology
10.5.2.5 South Africa
10.5.2.5.1 South Africa Membrane Electrode Assembly Market by Component
10.5.2.5.2 South Africa Membrane Electrode Assembly Market by Technology
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Membrane Electrode Assembly Market by Component
10.5.2.6.2 Rest of Africa Membrane Electrode Assembly Market by Technology
10.6 Latin America
10.6.1 Latin America Membrane Electrode Assembly Market by Country
10.6.2 Latin America Membrane Electrode Assembly Market by Component
10.6.3 Latin America Membrane Electrode Assembly Market by Technology
10.6.4 Brazil
10.6.4.1 Brazil Membrane Electrode Assembly Market by Component
10.6.4.2 Brazil Africa Membrane Electrode Assembly Market by Technology
10.6.5 Argentina
10.6.5.1 Argentina Membrane Electrode Assembly Market by Component
10.6.5.2 Argentina Membrane Electrode Assembly Market by Technology
10.6.6 Colombia
10.6.6.1 Colombia Membrane Electrode Assembly Market by Component
10.6.6.2 Colombia Membrane Electrode Assembly Market by Technology
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Membrane Electrode Assembly Market by Component
10.6.7.2 Rest of Latin America Membrane Electrode Assembly Market by Technology

11 Company Profile
11.1 Ballard Power Systems (Canada)
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Johnson Matthey (U.K.)
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Danish Power Systems (Denmark)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 BASF SE (Germany)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 WL Gore & Associates, Inc. (U.S.)
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Giner Inc. (U.S.)
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 FuelCellsEtc (U.S.)
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 IRD Fuel Cells (Denmark)
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Greenerity GmBH (Germany)
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Plug Power Inc. (U.S.)
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Hyplat (South Africa)
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 The Chemours Company (U.S.)
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 Sainergy (Georgia)
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View

12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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