Press Release

China Hydrogen and Fuel Cells Market is Expected to Reach US$ 311 Mn by 2023

Date : Oct 23, 2018

New report published by Global QYResearch which offers insights on the China Hydrogen and Fuel Cells market. The Hydrogen and Fuel Cells market has been experiencing strong growth graph in past few years. In 2017 the China Hydrogen and Fuel Cells market was valued at US$ 155 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 311 Mn growing at a value CAGR of 12.35% throughout the period of forecast.

China Hydrogen and Fuel Cells Market: Market Driver and Restraint

Threat of substitution is one factor of the porter’s five forces. As the development of Hydrogen and Fuel Cells made by new techniques, the function of there are specific, safe and also all-round. The traditional single functioned products are slowly losing their market. Environmentally friendly and easy to use will be Hydrogen and Fuel Cells industry development direction. If manufacturers can truly consider the diversity and design of new technology, we believe that the Hydrogen and Fuel Cells manufacturers will get a big market share in the device.

China Hydrogen and Fuel Cells Market: Forecast by Nature

This segment includes Air-cooled type and Water-cooled type. Air-cooled type is expected to remain dominant in the China Hydrogen and Fuel Cells market throughout the forecast period with a revenue share of 58.34% in 2017.

China Hydrogen and Fuel Cells Market: Forecast by Application

Application segment consists of Stationary, Transport and Portable. Stationary was estimated to account for a volume share of over 59.59% in 2017 and to increase at a CAGR of 13.85% over the forecast period.

China Hydrogen and Fuel Cells Market: Key Players

Panasonic, Plug Power, Ballard Power Systems, Nedstack, Hydrogenics, Intelligent Energy, Pearl Hydrogen and Sunrise Power, are the key vendors included in this report.

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