The global market value of Stratistics MRC proton ceramic fuel cells is expected to reach USD 331.64 billion, growing at a CAGR of 32.4% during the period 2022-2028.
A proton ceramic fuel cell or PCFC is a fuel cell based around a ceramic solid electrolytic material as a conductor of protons from the anode to the cathode. These fuel cells generate electricity by removing an electron from a hydrogen atom, pushing the charged hydrogen atom through the ceramic membrane, and returning the electron to the hydrogen on the other side of the ceramic membrane during a reaction with oxygen.
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Asia-Pacific is expected to have the highest CAGR during the forecast period due to favorable government regulations in countries like China, Japan, and South Korea, Asia-Pacific region is one of the most potential regional markets. PEMFC is the most widely used fuel cell technology in the province among existing fuel cell technologies. China’s fuel cell sector holds great promise as the government increasingly focuses on ways to use sustainable energy technologies to transition to a low-carbon economy. Additionally, the hydrogen fuel cell industry in the country has gained momentum with favorable national and provincial government subsidies as well as local government incentive programs to encourage the use of vehicles. hydrogen to reduce pollution. National Institute of Advanced Industrial Science and Technology (AIST) projects are likely to increase the market size of PCFC across the province.
Some of the prominent players profiled in the proton ceramic fuel cell market include Ballard, Toshiba, PLUG Power, FuelCell Energy, Bosch, Doosan Fuel Cell, Horizon, Intelligent Energy, Hyster-Yale Group, Nedstack, Pearl Hydrogen, Sunrise Power.
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