The Membrane Electrode Assembly (MEA) is the core component of a fuel cell that helps produce the electrochemical reaction needed to separate electrons. On the anode side of the MEA, a fuel (hydrogen, methanol etc.) diffuses through the membrane and is met on the cathode end by an oxidant (oxygen or air) which bonds with the fuel and receives the electrons that were separated from the fuel. Catalysts on each side enable reactions and the membrane allows protons to pass through while keeping the gases separate. In this way cell potential is maintained and current is drawn from the cell producing electricity.
In the future, with the development of technology and improvement of economic level, and the stable demand in fuel cell industry, the Membrane Electrode Assemblies will have great increase range; the developing countries will be high growth rate market.
According to this study, over the next five years the Membrane Electrode Assemblies (MEA) market will register a 18.4% CAGR in terms of revenue, the global market size will reach US$ 680 million by 2024, from US$ 290 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Membrane Electrode Assemblies (MEA) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Membrane Electrode Assemblies (MEA) market by product type, application, key manufacturers and key regions and countries.
This study considers the Membrane Electrode Assemblies (MEA) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hydrogen Fuel Cells
Methanol Fuel Cells
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
IRD Fuel Cells
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Membrane Electrode Assemblies (MEA) consumption (value and volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Membrane Electrode Assemblies (MEA) market by identifying its various subsegments.
Focuses on the key global Membrane Electrode Assemblies (MEA) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Membrane Electrode Assemblies (MEA) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Membrane Electrode Assemblies (MEA) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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