Global Fuel Cell Bipolar Plate Market is expected to foresee significant growth. Asia Pacific to lead the growth!

• Vikas Kumar
• November 14, 2023
• ENERGY & POWER, NEWS
• Fuel Cell Bipolar Plate Market Analysis, Fuel Cell Bipolar Plate Market Forecast, Fuel Cell Bipolar Plate Market Growth, Fuel Cell Bipolar Plate Market Outlook, Fuel Cell Bipolar Plate Market Share, Fuel Cell Bipolar Plate Market Size, Fuel Cell Bipolar Plate Market Trends
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With increasing energy demand and concerns about climate change, there is a growing need for clean and sustainable energy sources, and fuel cells are well-positioned to meet this need. Additionally, the APAC region’s major economies, including China, Japan, and South Korea, are all investing heavily in the development and deployment of fuel cell technology. These economies have a large and skilled workforce, which can help to drive the development and production of fuel cell bipolar plates. APAC region has a favorable regulatory environment for the adoption of fuel cell technology, with many governments providing incentives and subsidies to encourage the use of clean energy sources. The Chinese government has launched several initiatives to support the development and deployment of fuel cell technology, including the establishment of a national fuel cell industry development plan and the provision of subsidies for the purchase of fuel cell vehicles. Similarly, the Japanese government has provided subsidies for the purchase of fuel cell vehicles and has established a target of 1 million fuel cell vehicles on the road by 2030.

Further, the Asia Pacific Fuel Cell Bipolar Plate Market is expected to grow at a 57% CAGR during the forecast period (2023-20230). APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly because the APAC region is home to a large and growing population, as well as a rapidly expanding middle class, which presents a significant market opportunity for fuel cell technology. Additionally, the APAC region is home to several major economies, including China, Japan, and South Korea, which are all investing heavily in the development and deployment of fuel cell technology. These economies are also home to a large and skilled workforce, which can help to drive the development and production of fuel cell bipolar plates. Furthermore, the APAC region has a favorable regulatory environment for the adoption of fuel cell technology, with many governments providing incentives and subsidies to encourage the use of clean energy sources. Thus, such factors are the reasons for the growth of the fuel cell bipolar plate industry in the APAC region.

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RFIG. 1 Asia-Pacific Fuel Cell Bipolar Plate Market Revenue (2020-2030)- USD Mn

Based on material, the market is segmented into graphite, metal, carbon composite, and others. The graphite category is expected to grow with a significant CAGR during the forecast period. This is mainly used to separate the positive and negative electrodes in a fuel cell. These plates are responsible for conducting electricity between the electrodes and facilitating the flow of hydrogen and oxygen gases. The use of graphite material in fuel cell bipolar plates is driven by several factors, including its high electrical conductivity, high thermal conductivity, and excellent mechanical properties. Graphite material is also relatively inexpensive and widely available, making it an attractive choice for use in fuel cell bipolar plates.

Based on application, the fuel cell bipolar plate market has been classified into proton exchange membrane, solid oxide, phosphoric acid, molten carbonate, and direct methanol. The proton exchange membrane (PEM) is expected to grow with a significant CAGR during the forecast period. This is mainly due to the use of separating the positive and negative electrodes in a fuel cell and allowing the flow of protons, which are necessary for the electrochemical reaction that produces electricity. PEMs are driven by several factors, including their high proton conductivity, low electrical resistance, and good mechanical stability. These properties make PEMs an ideal choice for use in fuel cell bipolar plates, as they enable the efficient and reliable operation of fuel cells in a variety of applications. Additionally, PEMs can be easily modified to improve their performance in specific applications, such as increasing their proton conductivity or adding catalytic properties.  

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Global Fuel Cell Bipolar Plate Market Segmentation

Market Insight, by Material

• Graphite
• Metal
• Carbon Composite
• Others

Market Insight, by Application

• Proton exchange membrane
• Solid oxide
• Phosphoric acid
• Molten carbonate
• Direct methanol

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• POCO
• Interplex Holdings Pte. Ltd
• Bloom Energy
• Ballard Power Systems Inc.
• Dana Limited
• Cell Impact AB
• Impact Coatings AB
• Pragma Industries
• Technical Fibre Products Limited
• Schunk Carbon Technology