The Polymer Electrolyte Membrane Fuel Cells Market size is estimated at USD 3.58 billion in 2024, and is expected to reach USD 8.34 billion by 2029, growing at a CAGR of 18.43% during the forecast period (2024-2029).
Though COVID-19 negatively impacted the market in 2020, it has reached pre-pandemic levels.
The key players in the global polymer electrolyte membrane fuel cells market are consolidated. Some of the major players in the market (in no particular order) are Ballard Power Systems, Plug Power Inc., ITM Power PLC, PowerCell Sweden AB, and Intelligent Energy Limited, among others.
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