Gas Diffusion Layer Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is likely to hold largest revenue share of 43% by 2035, The market growth in the region is also expected on account of the increasing greenhouse gas emissions. For instance, the Asia-Pacific area emitted more than 15 billion tons of carbon dioxide in total in 2022.
Therefore, the government has implemented several policy measures to encourage the use of hydrogen fuel in the region since many nations are investigating hydrogen as an alternative fuel and a bridge to sustainable development to attain net zero emissions. As a result, fuel cells that rely on gas diffusion layers are becoming more important in the region.
China is one of the Asia-Pacific region's fastest-growing gas diffusion layer market for fuel cell technology followed by South Korea because of the extensive fuel cell commercialization.
Japan has long been at the forefront of fuel cell and green hydrogen technology, leading to a significant adoption of gas diffusion layers.
For instance, the Japanese government updated its Basic Hydrogen Strategy in June 2023 which aims to invest about USD 98 billion over the next 15 years on nine essential technologies, such as fuel cells and water electrolysis devices.
European Market Insights
The Europe region will also encounter enormous growth for the gas diffusion layer market during the forecast period and will hold the second position owing to the increasing focus on sustainability in this region. The European Union's growth strategy, known as the European Green Deal (EGD), aims to improve natural capital and achieve climate neutrality by 2050, by eliminating pollution, and ensuring that no one is left behind.
This is anticipated to drive the adoption of fuel cells in the region, leading to a higher demand for gas diffusion layers.
For many years, Germany has been developing fuel cells for use as a mobile power source for automobiles, resulting in a higher demand for gas diffusion layers.
Also, the first hydrogen fuel cell-powered home in Europe was constructed by researchers at the University of Sannio, located in Southern Italy to power both residential and commercial structures.
