Published by Uma Rajagopal
Posted on February 16, 2022
The global fuel cell membrane electrode assembly market has witnessed respectable growth in recent years, primarily due to advancements in energy technologies. The application of fuel cells in sustainable technologies such as electric vehicles has created room for seamless market expansion. However, the growth was significantly flatted during the COVID-19 pandemic. Regardless, the long-term future still looks bright as the market is expected to recover post the pandemic amid environmental and clean energy concerns.
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The COVID-19 pandemic substantially impacted the global fuel cell membrane electrode assembly market. Some of the limiting factors include reduced operations, logistical constraints, and shortage of workforce. This has led to deficits in operating incomes, shutdowns of manufacturing plants across the globe and constrained global trade. The delays, or unavailability, of vaccines has furthered the impact. However, the impact on the market is expected to dilute as vaccine efforts have started to showcase results with hints of a return to normalcy.
Global Calls for Sustainability Across Industries to Drive Market Growth
Despite the pandemic, the global fuel cell industry is expected to flourish alongside growing popularity of temporary storage batteries. Looming environmental concerns and efforts to reduce harmful emissions globally has gained traction even in the public eye. Various automotive manufacturers are channelling resources into electric, hybrid and fuel cell technologies to reduce internal combustion engine dependency and pipe emissions.
Concerns Over Reliability Emerges as a Challenge for Leading Players
Fabrication of the fuel cell membrane electrode assembly can directly impact the performance of the fuel cell as that is where its electrochemical reactions occur. It has been found that defects such as a cracked catalyst layer or high interfacial resistance between the catalyst layers can lead to fuel cell stack degradation. The presence of degradation nullifies the advantages that fuel cells hold over conventional batteries. Tests have led to degradation due to frequent start-ups and shutdowns, reducing power output and random load cycling. These factors make fuel cells unreliable and put a question mark on their durability. Moreover, its relatively higher cost is also a concern that limits its adoption. Over the study period, these concerns pose significant challenges to the global fuel cell membrane electrode assembly market.
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Asia Pacific Hosts a Stellar Labour Base to Support Fuel Cell Manufacturing
Asia Pacific is seeing a growth in demand for electric vehicles (EVs). Various steps have been taken to adopt renewable energy solutions specifically in the automotive sector. While EVs are still the biggest attraction, fuel cell and hydrogen technologies are expected to be promoted as a viable, environmentally-clean alternative to electric mobility. Recently, the European Union has pushed forward an EU hydrogen strategy to support clean energy and aid the transition. It has also provided a detailed guide exploring the R&D, demand creation, investments and benefits of adopting energy-efficient vehicles.
Key Players Across Fuel Cell Membrane Electrode Assembly Market
Some of the leading players operating in the global fuel cell membrane electrode assembly market are Ballard Power Systems Inc., Giner Inc., Du Pont de Nemours and Company, Greenerity GmbH, IRD Fuel Cell Technology A/S, and HyPlat (Pty) Ltd.
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