Fuel Cell Bipolar Plate: Introduction
- Fuel cell bipolar plate is a multi-functional component in the fuel cell. It separates the individual fuel cell in series to form a fuel cell stack. This provides required voltage and uniform distribution of fuel gas and oxygen on the membrane-electrode assemblies. Fuel cell bipolar plate provides electrical conduction between cells, as well as physical strength to the fuel cell stack.
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Key Drivers and Restraints of Global Fuel Cell Bipolar Plate Market
- Increase in investment in fuel cell energy is estimated to drive the fuel cell bipolar plate market in the near future. Various companies are investing in fuel cell energy, as it is a prominent source of renewable energy. This is estimated to boost the demand for fuel cell bipolar plate in the near future.
- Government support and enactment of policies to reduce carbon emission and greenhouse gas is anticipated to drive the market. Governments of various countries are promoting fuel cells by providing tax and financial benefits. Furthermore, implementation of government regulations is compelling companies to seek ecofriendly and cost-effective energy solutions.
- High initial investment in fuel cell is projected to restrain the global fuel cell bipolar plate market. Fuel cell technology is highly sophisticated and advanced. Companies hesitate to invest in fuel cell technology, as it entails high capital investment.
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Global Fuel Cell Bipolar Plate Market: Segmentation
- The global fuel cell bipolar plate market can be segmented based on type and application
- In terms of type, the global fuel cell bipolar plate market can be classified into graphite, metal, and carbon composite. Metal and carbon composite segments are anticipated to expand at a high CAGR during the forecast period.
- Based on application, the global market can be split into proton exchange membrane fuel cell, alkaline fuel cell, phosphoric acid fuel cell, molten carbonate fuel cell, solid oxide fuel cell, and direct methanol fuel cells. Demand for proton exchange membrane fuel cell is high in the market, as this type of fuel cell offers efficiency and convenience in operations. Hence, the segment is expected to expand at a rapid CAGR during the forecast period.
Global Fuel Cell Bipolar Plate Market: Regional Segmentation
- Based on region, the global fuel cell bipolar plate market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- Asia Pacific dominated the global fuel cell bipolar plate market in 2019. It is expected to continue its dominance during the forecast period. The market in the region is projected to expand during the forecast period, owing to the rise in investment in development of infrastructure, growth in industrialization, and increase in initiatives by governments to promote renewable energy.
- The market in North America is likely to expand significantly during the forecast period owing to rapid increase in number of renewable energy projects in the U.S. and Canada. The U.S. is the leading country in the region in terms of adoption of fuel cell. This is estimated to propel the demand for fuel cell bipolar plate in the country in the near future.
- Europe is estimated to be a vital region of the global fuel cell bipolar plate market in the near future. Various fuel cell projects are being undertaken in countries such as Norway, Germany, and France to reduce the emission of greenhouse gases.
- The fuel cell bipolar plate market in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace during the forecast period. These regions have considerably large crude oil & gas reserves. This has led to less investment in renewable energy systems in Latin America and Middle East & Africa.
COVID-19 Impact on Global Fuel Cell Bipolar Plate Market
- Demand for fuel cell is high in automobile, utility, renewable, and defense industries. The outbreak of the COVID-19 pandemic has led to demand and supply issues in these industries. Furthermore, companies are facing issues such as supply chain disruptions and unavailability of manpower due to the lockdown in various countries. This leads to reduction in production. Thus, low demand for fuel cells is estimated to result in poor demand for fuel cell bipolar plates across the globe.
Key Players Operating in the Market
- Interplex Holdings Pte. Ltd
- Shanghai Hongfeng Industrial Co.,Ltd
- Ballard Power Systems Inc.
- Dana Limited
- Cell Impact
- Impact Coatings AB
- PRAGMA INDUSTRIES
- TECHNICAL FIBRE PRODUCTS LTD
Global Fuel Cell Bipolar Plate Market: Research Scope
Global Fuel Cell Bipolar Plate Market, by Type
- Carbon Composite Plates
Global Fuel Cell Bipolar Plate Market, by Application
- Proton Exchange Membrane Fuel Cell
- Alkaline Fuel Cells
- Phosphoric Acid Fuel Cells
- Molten Carbonate Fuel Cells
- Solid Oxide Fuel Cells
- Direct Methanol Fuel Cells
The Global Fuel Cell Bipolar Plate Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.