The global fuel cell humidifier market size was worth around USD 161.53 million in 2022 and is predicted to grow to around USD 386.47 million by 2030 with a compound annual growth rate (CAGR) of roughly 11.73% between 2023 and 2030.
A fuel cell humidifier serves the purpose of adding humidity to fuel cells, which are electrochemical cells that produce electricity by converting chemical energy from an oxidizing agent—likely oxygen—and a fuel—like hydrogen. In the current world, fuel cells are widely utilized for primary and backup power in industrial, residential, and commercial buildings, as well as in isolated or difficult-to-reach locations.
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Overview of the Fuel Cell Humidifier Market
In addition, they are utilized in submarines, cars, motorbikes, trains, and forklifts. Proper control of water is essential to a fuel cell’s optimal operation. Any modifications to the cell’s humidity level, such as going from 85% to 35%, could disrupt performance because over time, the cell might lose other components such polarization, concentration, and mass transportation and cease operating as intended. Put simply, a fuel cell humidifier guards against or stops a fuel cell from drying up entirely. Furthermore, it adds humidity by introducing water vapor into intake gasses that is extracted from exhaust gasses.
• Our research analyst’s analysis indicates that over the course of the forecast period (2023–2030), the global fuel cell humidifier market is expected to increase at a compound annual growth rate (CAGR) of about 11.73%.
• The fuel cell humidifier market is expected to reach a valuation of around USD 386.47 million by 2030, from a 2022 valuation of approximately USD 161.53 million.
• The increasing use of fuel cells in the automobile industry is expected to propel the fuel cell humidifier market’s growth.
➤ Growing use of fuel cells in the vehicle sector will propel market expansion
Because more companies in the automotive industry are interested in producing fuel-cell vehicles, the global market for fuel cell humidifiers is anticipated to expand. The trend is a result of growing environmental awareness as well as the necessity of looking for sustainable ways to expand the car industry. The increasing demand for low-emission vehicles, such as trucks, buses, four-wheelers, and two-wheelers, is a sign of shifting consumer behavior. As a result, more automakers are experimenting with fuel cell-powered cars because of its zero emissions and high performance adaptability. Scientists anticipate that the popularity of fuel cell cars will help establish a global hydrogen economy in which hydrogen will be utilized to power all major sectors.
➤ Fuel cell humidifiers’ high cost will limit the market’s expansion
Because fuel cell humidifiers are expensive, it is anticipated that the growth trajectory of the worldwide fuel cell humidifier market would be halted. Superior-grade proton exchange membranes (PEMs) and catalysts are among the specialist parts and components used in the manufacturing of these systems. The increased expense of fuel cell humidifiers utilized in hydrogen-powered vehicles in comparison to those powered by conventional internal combustion engines might deter new competitors from joining the market. Furthermore, the infrastructure needed for hydrogen refueling is severely lacking on a worldwide basis. Fuel cell humidifier use may be limited as a result of the requirement to develop a widespread and reliable hydrogen supply network, which could take many years, and greater restrictions on the widespread adoption of fuel cell-powered devices.
➤ Continuous research and development (R&D) in the field of fuel cell humidifier technology to generate prospects for growth
The industry for fuel cell humidifiers is anticipated to have further growth potential because research and development on fuel cell humidifier performance and efficiency is still ongoing. This also includes players forming strategic alliances to pool their resources to the fullest, which could result in more inventive solutions. For example, in October 2022, the Engine Mobile Filtration EMEA Division (EMFE) of Parker Hannifin and the Fraunhofer Institute for Microengineering and Microsystems (IMM) teamed up to work on developing and testing new proprietary hollow fiber membrane technology that will be used for fuel cell humidification in the future. The firms are going to work together to bring significant improvements to the field of fall cell humidifiers. With the successful mass production of the hollow fiber membrane technology in August 2023, EMFE accomplished a significant milestone.
➤ Existence of alternative technologies with a sizable market may impede industry growth
The market for alternative technologies, such as internal combustion engines, battery electric vehicles, natural gas vehicles, and biofuel-powered cars, is one of the main obstacles facing new players in the fuel cell humidifier business. In terms of existence, these marketplaces are far more established and have produced commercial consumers already. To increase awareness and adoption rates, the participants in the worldwide market will need to make more investments and devise more aggressive strategies.
The Global Fuel Cell Humidifier Market is segmented based on product, application and region
Global Fuel Cell Humidifier Market: Product Segment Analysis
● Hollow Fiber Membrane Humidifier
● Recirculating Humidifier
● Flat Membrane Humidifier
Global Fuel Cell Humidifier Market: Application Segment Analysis
● Backup Power
The global fuel cell humidifier market is led by players like:
● Perma Pure
● Freudenberg Filtration Technologies
● Kolon Industries Enprise Corp.
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➤ Asia-Pacific will have the fastest rate of growth (CAGR) in the upcoming years
The Asia-Pacific region is anticipated to have the fastest growth in the worldwide fuel cell humidifier market. Because their respective automobile industries are strong, China and Japan might be the top donors. Japan has been in the forefront of transforming the local auto industry by persistent innovation in technology, sales and marketing tactics, and the production of high-quality cars at all price points.
Japan has established itself as a leader in the supply of innovative and fuel-efficient passenger cars to emerging economies like India. These kinds of projects are anticipated to support Asia-Pacific’s continued growth, which could be attributed to the region’s government’s growing interest in the development of hydrogen fuel cell humidifiers. But it’s important to remember that several Asia-Pacific nations don’t have a reliable hydrogen supply chain, so they could need to make large investments to set up a working network of hydrogen recharging stations. Europe is expected to be key to the expansion of the world market. The primary cause of this is the shifting norms that discourage the use of environmentally harmful and non-renewable fuels to produce electricity.
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