In recent years, the Proton Exchange Membrane (PEM) Fuel Cells Market has received a huge boost thanks to climate change. Alternative power and fuel technologies as well as their respective innovations are at the tip of everyone’s lips. And the Proton Exchange Membrane (PEM) Fuel Cells Market is one of the most visible benefactors.
The most distinguishing feature of the proton exchange membrane fuel cells is that it consists of a special polymer membrane which is maintained at temperatures ranging between 50-100 °C. This technology, developed by the Proton Exchange Membrane (PEM) Fuel Cells Market, is set to be the favorite to one day replace the rapidly outdated alkaline fuel cell technology.
The main advantage of a PEM fuel cell over alternatives is that they have more durability, storage capability as well as help in reducing environmental impact by not leaving behind any carbon residue. Further, a PEM fuel cell is also easier to design which results in a minimal manufacturing cost.
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But certain varieties, especially the hydrogen fuel cell cars, have come in for some flak. Hydrogen fuel cell cars are considered to be inferior when compared to a modified lithium-ion fuelled car. Hydrogen fuel cell cars perform worse in terms of cost, volume and mass terms. A hydrogen fuel cell is also very tough to handle when considered from a portability point of view. The Proton Exchange Membrane (PEM) Fuel Cells Market is set to concentrate in this.
Another burgeoning opportunity for the Proton Exchange Membrane (PEM) Fuel Cells Market is the smart grid solutions market. Fuel cell technology has innovated to such an extent that a residential fuel cell is a very realistic product during the next decade. A smart grid is the linking of various energy resources through technology. The aim is to control the production and consumption of energy electronically. A hydrogen fuel cell is set to be one of the key components which might make a residential fuel cell tick within various smart grid solutions.
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The main factor impeding innovation within the Proton Exchange Membrane (PEM) Fuel Cells Market is the catalyst. The catalyst necessary for a fuel cell has to meet various requirements. Right now, the catalysts used by the Proton Exchange Membrane (PEM) Fuel Cells Market are too expensive. A cheaper catalyst will open up further opportunities.
The North American has been the most eager adopter of the technology provided by the Proton Exchange Membrane (PEM) Fuel Cells Market. It is expected to continue its huge investment till at least 2021 according to forecasts.
Some of the key players involved in the global Proton Exchange Membrane (PEM) Fuel Cells Market are as follows:
- Hoku Scientific
- W. L. Gore & Associates
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