Proton Exchange Membrane Fuel Cell Market Projected To Reach USD 19.5 Million By 2030
San Francisco, 14 March 2023: The Report Proton Exchange Membrane Fuel Cell Market Size, Share & Trends Analysis Report By Type (High Temperature, Low Temperature), By Material (Membrane Electrode Assembly, Hardware) By Application, By Region, And Segment Forecasts, 2022 - 2030 The global proton exchange membrane fuel cell market size is expected to reach USD 19.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.6% from 2022 to 2030. The growing pressure across the globe to reduce carbon emissions through supporting energy safety is a factor supporting the growth of the proton exchange membrane fuel cell (PEMFC) market. Government funding is being exchanged for business funding, which displayed growth throughout the projected period. The growing need to adopt clean fuel automobiles to reduce carbon emissions and rising sales and popularity of FCs vehicles are some of the factors driving the market growth.