COVID-19 Restrictions on Travel, Public Transportation Draw Emphasis on Hydrogen Technology
Long-term policy adjustments are being made by the United Nations to cater to sustainable development goals, owing to the impetus of COVID-19 pandemic. This is acting as an advantage for companies in the fuel cell bipolar plate market, as stakeholders are scurrying toward opportunities to rethink and reshape the current energy systems dominated by high carbon emission fossil fuels.
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As consumers are becoming aware about how the coronavirus outbreak naturally reduced worldwide carbon emissions due to the standstill of factories, businesses, travel, and trade, consumers are becoming cognizant about the hydrogen technology in electric vehicles (EVs). Manufacturers in the fuel cell bipolar plate market are capitalizing on this opportunity to increase their marketing capabilities for hydrogen technology in EVs.
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Sustainability, Durability Issues with Metal-based Bipolar Plates Inhibit Market Growth
The fuel cell bipolar plate market is projected to grow at an explosive CAGR of 57.5% during the forecast period. Proton exchange membrane fuel cells (PEMFCs) are being highly publicized for the lowering of toxic gases during the electrochemical processes in fuel stacks. However, challenges associated with bipolar plates made with metal materials and its associated sustainability & durability are posing as technical issues. Hence, companies in the fuel cell bipolar plate market are experimenting with stainless steel, copper, nickel, and other material candidates to deploy sustainability in materials choices of bipolar plates.
The high precision processing technology of extremely thin material thickness is delivering weight reduction in fuel stacks
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Ultralight, Compact Bipolar Plates Gain Prominence in PEM Fuel Cells
The fuel cell bipolar plate market is estimated to reach the revenue of US$ 4.4 Bn by 2030. Manufacturers are boosting their R&D muscle to develop ultralight and compact carbon-based bipolar plates made for PEM fuel cells. For instance, HYCCO is a developer of hydrocarbon components for fuel cells is gaining recognition for manufacturing highly electrically conductive bipolar plates that are durable and do not compromise on the system’s compactness.
Companies in the fuel cell bipolar plate market are adapting their chemistry to manufacture long lasting components that seamlessly integrate into vehicle systems. They are increasing the availability of bipolar plates that are suitable for both low temperature and high temperature PEM fuel cells.
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