BOSTON, Nov. 2, 2022 /PRNewswire/ — Despite strong incumbent materials for certain components, the technology landscape for proton exchange membrane (PEM) fuel cells is set to change in many varied ways over the coming years. An increased materials demand in terms of both volume and units, reducing the cost of components, and the emergence of disruptive technologies are all expected, while supply chain agreements are being established and strengthened across the industry. Alongside the growth in demand, emerging trends, and player analysis, IDTechEx detail how the associated materials market for PEM fuel cells is expected to exceed a value of US$7bn by 2033.
IDTechEx forecast that the materials market for PEM fuel cells will grow to exceed US$7bn by 2033. Source: IDTechEx
As the trend towards zero-emission vehicles continues, fuel cell electric vehicles (FCEVs)…