MARKET OVERVIEW
Bipolar Plates are one of the core components of the fuel cells, which accounts for a large portion of the quality and cost of the battery pack. It is responsible for the functions of uniform distribution of reaction gas, conduction of current, and series of single cells. In order to meet these functional requirements, the ideal bipolar plate should have high thermal/electrical conductivity, corrosion resistance, low density, good mechanical properties, low cost, and easy processing.
MARKET SIZE & GROWTH
• The global Bipolar Plates for PEM Fuel Cells Market was valued at US$ 512 million in 2024.
• It is projected to reach US$ 1,157 million by 2031.
• The market is expected to grow at a CAGR of 12.7% during the forecast period.
