New York, Jan. 16, 2024 (GLOBE NEWSWIRE) — Proton Exchange Membrane Fuel Cells, or PEMFCs, represent an innovative breakthrough in the sustainable energy landscape. These fuel cells operate through an electrochemical process, where hydrogen ions, also known as protons, traverse a specialized membrane to interact with oxygen, resulting in the generation of electrical energy. This pioneering technology emerges as a promising alternative to traditional energy sources, offering a multitude of advantages such as heightened efficiency, reduced emissions, and versatility across various applications. The global proton exchange membrane fuel cell market is forecast to expand at a CAGR of 16.5% and thereby increase from a value of US$3.7 Billlion in 2023, to US$11 Billion by the end of 2030.
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