Global Membrane Electrode Assemblies Market Growth 2019-2024

The Membrane Electrode Assembly (MEA) is the core component of a fuel cell that helps produce the electrochemical reaction needed to separate electrons. On the anode side of the MEA, a fuel (hydrogen, methanol etc.) diffuses through the membrane and is met on the cathode end by an oxidant (oxygen or air) which bonds with the fuel and receives the electrons that were separated from the fuel. Catalysts on each side enable reactions and the membrane allows protons to pass through while keeping the gases separate. In this way cell potential is maintained and
North America is the largest consumption region in 2017, the sales volume is about 179 MW; Europe is also the second largest consumption region in 2017, the sales volume is about 111 MW, the market share is about 27%.
Key manufacturers in these regions are 3M, Chemours (Dupont), Gore, Johnson Matthey, Ballard, Greenerity, etc. 3M is the largest player with market share of 18% followed by Chemours (Dupont) sharing 15% of the market. In the future, more and more companies will enter the market.
In the future, with the development of technology and improvement of economic level, and the stable demand in fuel cell industry, the Membrane Electrode Assemblies will have great increase range; the developing countries will be high growth rate market.

According to this study, over the next five years the Membrane Electrode Assemblies market will register a 18.4% CAGR in terms of revenue, the global market size will reach US$ 680 million by 2024, from US$ 250 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Membrane Electrode Assemblies business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Membrane Electrode Assemblies market by product type, application, key manufacturers and key regions and countries.

This study considers the Membrane Electrode Assemblies value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
3-layer MEA
5-layer MEA
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hydrogen Fuel Cells
Methanol Fuel Cells
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
3M
Chemours (Dupont)
Freudenberg
Gore
Johnson Matthey
Ballard
Greenerity
Wuhan WUT
IRD Fuel Cells
Giner
HyPlat

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Membrane Electrode Assemblies consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Membrane Electrode Assemblies market by identifying its various subsegments.
Focuses on the key global Membrane Electrode Assemblies manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Membrane Electrode Assemblies with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Membrane Electrode Assemblies submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.