Fuel Cell Bipolar Plate Market Size, Share & Industry Analysis, By Material Type (Graphite, Metal, Carbon Composite Material, Others), By Application (Proton Exchange Membrane Fuel Cell, Alkaline Fuel Cell, Molten Carbonate Fuel Cell, Others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
A bipolar plate is a multi-functional component within the fuel cell stack and acts as the key component for the exchange of protons. The bipolar plate (BP) uniformly distributes fuel, gas, and oxygen, over the whole active surface and conducts current from cell to cell. This, in turn, has led to the adaption of the fuel cell bipolar plate with proton exchange membrane fuel cell.
Based on the material type market is segmented into graphite, metal, carbon composite material, and others. The graphite material segment dominates the market, owing to less electrical resistance and the high stability of chemicals in acidic conditions. Other than that, graphite material has been utilized in single cells, lab-scale fuel cell development for larger stack sizes.
Based on the application type the market is segmented into proton exchange membrane fuel cell, alkaline fuel cell, molten carbonate fuel cell, and others. The bipolar plate is the crucial component for proton exchange membrane fuel cells owing to transporting reactant gases, carrying the current to end plates from membrane element which drives the fuel cell bipolar plate market.
One of the major drivers for the fuel cell bipolar market is the increasing government initiatives on fuel cell projects focusing on greenhouse emission effects and introducing an effective and pollution-free generation method. Other than that, the investment for fuel cell bipolar subsidiaries drives the market.
The material properties may not able to meet for every application which may cause breakdown within the application and acts as the market restraints for the fuel cell bipolar plate market.
Key Market Driver -
Government initiative for promoting fuel cell
Key Market Restraint -
Compatibility of material properties by different application
Key players covered:
Some of the major companies that are present in the fuel cell bipolar market are POCO, Shanghai Hong Feng Industrial Co Ltd, Ballard Power Systems Inc., Aperam, Dana Limited, Schunk Carbon Technology, Technical Fibre Products, Veco B.V., Pragma Industries, Impact Coatings AB, Cell Impact, and Interplex.
Regional analysis:
The fuel cell bipolar plate market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is anticipated to dominate the most significant market due to the rising demand for cleaner energy to overcome the environmental concerns caused due to traditional energy technology across the region like India, Japan, and others. North America and Europe have a majority of demand for automotive industries and electronics consumers; other than that, the adaptive use of electric vehicles and hybrid vehicles across various regions is anticipated to create the need for the fuel cell.
The Latin America fuel cell bipolar plate market is driven by the rising demand for alternative energy sources, efficient technologies for the growing economic developing regions. A region like Brazil has a major consumer of fuel cells owing to the sizeable automotive industry and the government norms and policies for emission control. The fuel cell bipolar plate can be seen to have a potential growth in electronics applications, automotive, and others across various regions of Latin America. In the Middle East & Africa, the growing infrastructure for renewable energy and increasing demand for electric vehicles, which are anticipated to drives the fuel cell bipolar plate market.
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Segmentation
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Key Industry Developments
- On 04 May 2021, Loop Energy and Aliant Battery have announced their partnership for hydrogen electric solution development for commercial vehicle and stationary power application. The agreement has allowed Loop Energy to engage with Aliant Battery's extensive OEM list for manufacturing commercial vehicles which also features the proprietary technique in fuel cell’s stack bipolar plate flow.
- On 04 February 2020, Interplex has announced its debut at FC Expo 2020. The presentation includes a fuel cell and battery solutions with high precision metal bipolar plates with advanced technology.
- Ongoing
- 2023
- 2019-2022
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