The global bipolar plates (fuel cell component) market is expected to hit US$ 7.5 billion by 2030, with an annual growth rate of more than 7.7%
Wilmington, Delaware, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Global Bipolar Plates (Fuel Cell Component) Market is valued at US$ 4.4 billion in 2023 and is expected to grow at a significant CAGR of over 7.7% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
A fuel cell bipolar plate is a crucial component in a fuel cell stack, serving as a separator between individual cells and providing an interface for the flow of reactants (hydrogen and oxygen) and the removal of byproducts. The growing interest and adoption of fuel cell technology, particularly in applications such as electric vehicles, stationary power generation, and portable electronics, drive the demand for fuel cell components, including bipolar plates.
In addition, the electrification trend in the automotive industry, with a focus on hydrogen fuel cell vehicles, propels the demand for fuel cell bipolar plates. These plates are integral to the fuel cell stacks used in hydrogen-powered vehicles.
According to a deep-dive market assessment by RationalStat, the global bipolar plates (fuel cell component) market has been analyzed on the basis of market segments, including material type, fuel cell type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global bipolar plates (fuel cell component) market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global bipolar plates (fuel cell component) market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global bipolar plates (fuel cell component) market include,
In June 2023, Ballard announced investment of approximately $18 million in bipolar plate manufacturing.
Some of the prominent players and suppliers operating and contributing significantly to the global bipolar plates (fuel cell component) market growth include Ballard Power Systems, Hycco, Nuvera Fuel Cells, LLC, Interplex Holdings Pte. Ltd., SFC Energy AG, Johnson Matthey, ElringKlinger AG, W. L. Gore & Associates, Inc., SGL Carbon, and Shanghai Hongfeng Industrial Co., Ltd., among others.
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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