[FURL=https://www.industryarc.com/Report/19405/membrane-electrode-assemblies-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Membrane Electrode Assemblies Market[/FURL] Membrane Electrode Assemblies Market size is analyzed to grow at a CAGR of 26.4% during the forecast 2021-2026 to reach $850 Million by 2026. The Membrane Electrode Assembly (MEA) is the primary component of a fuel cell, which assists in generating the necessary electrochemical reaction required to separate electrons for premium power performance attainment. The Membrane Electrode Assemblies Market is majorly growing due to the promising demand of the EV/PHV/HEV Vehicles.Key Takeaways
Europe is analyzed to hold the significant share of 40% in 2020, owing to the early adoption of renewable energy solutions, dynamics of the e-mobility market, along with the diverse fuel sources distributed across the region.
The 5-Layer Membrane Electrode Assemblies is estimated to hold the major share of 48% in 2020, owing to the availability of the affordable Membrane Electrode Assemblies, and also, require very less time for manufacturing in comparison to the 3-Layer MEAs.
The growing renewable energy solution in the market, owing to the pertinent concern about the reduction of greenhouse gas emissions, result in the growth of the Membrane Electrode Assemblies Market.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=19405[/FURL]
Membrane Electrode Assemblies Market Segment Analysis – By Geography
By geography, Europe is analyzed to hold a significant share of 40% in 2020, owing to the early adoption of renewable energy solutions, dynamics of the e-mobility market, along the diverse fuel sources distributed across the region. The significant demand for electricity, and other resources, such as hydro and wind, have also boosted the Membrane Electrode Assemblies in Europe. In July 2021, Shell started Europe’s largest PEM green hydrogen electrolyzer to contribute to Europe's goal to achieve climate neutrality and hydrogen production.
Membrane Electrode Assemblies Market Drivers
Growing renewable energy solutions in the market is estimated to boost the Membrane Electrode Assemblies Market
The rising demand of electric vehicles (EVs) is analyzed to accelerate the growth of the Membrane Electrode Assemblies Market
Membrane Electrode Assemblies Market Landscape
The Membrane Electrode Assemblies top 10 companies include:
Ballard Power Systems Inc., du Pont de Nemours and Company, Giner Inc., Greenerity GmbH, HyPlat (Pty) Ltd., IRD Fuel Cell Technology A/S, Johnson Matthey Plc, The 3M Company, W. L. Gore & Associates, Inc., Wuhan WUT New Energy Co., Ltd.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.