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In 2022, The Global Metal Bipolar Plate For Fuel Cell Market Is Projected To Grow At A CAGR Of 6.8%

Published on: May 2022

COVID-19 Travel Restrictions and Public Transportation Highlight Hydrogen Technology

Due to the impetus of the COVID-19 epidemic, the United Nations is making long-term policy modifications to meet sustainable development goals. As stakeholders scramble for possibilities to rethink and change the current energy systems dominated by high carbon emission fossil fuels, this is functioning as a competitive advantage for enterprises in the fuel cell bipolar plate sector.

As consumers become more aware of how the coronavirus outbreak lowered global carbon emissions by halting factories, businesses, travel, and commerce, customers are becoming more aware of hydrogen technology in electric vehicles (EVs). Fuel cell bipolar plate manufacturers are making use of this chance to expand their marketing skills for hydrogen technology in electric vehicles.

Metal-based bipolar plates have sustainability and durability issues, which are limiting market growth

During the projection period, the market for fuel cell bipolar plates is expected to rise at a blistering 57.5 percent CAGR. The use of proton exchange membrane fuel cells (PEMFCs) to reduce hazardous gases during electrochemical operations in fuel stacks has received a lot of attention. However, the challenges of bipolar plates constructed of metal materials, as well as their associated sustainability and durability, are causing technical problems. As a result, firms in the fuel cell bipolar plate market are experimenting with stainless steel, copper, nickel, and other material options in order to implement sustainability in bipolar plate materials.

PEM Fuel cells and its slow spread in the market

Bipolar plates that are ultralight and compact are becoming more popular in PEM fuel cells. By 2030, the fuel cell bipolar plate market is expected to generate US$ 4.4 billion in sales. Manufacturers are stepping up their research and development efforts to create ultralight and compact carbon-based bipolar plates for PEM fuel cells. For example, HYCCO, a manufacturer of highly electrically conductive bipolar plates that are durable and do not compromise the system's compactness, is gaining reputation as a producer of hydrocarbon components for fuel cells. Fuel cell bipolar plate manufacturers are modifying their chemistry to provide long-lasting components that fit smoothly into car systems. Bipolar plates that are suited for both low and high temperature PEM fuel cells are becoming more widely available.

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