China Fuel Cell Market Report & Industry forecast 2016-2024

According to Goldstein Research, China fuel cell market is expected to reach USD 3.8 million by the end of 2024. The growth in electric vehicles manufacturing is the major driving factor in the growth of the fuel cell market. Approximately 15 million battery powered bikes were sold in China in 2016, the world’s largest electric bike market. Forklift trucks also present huge growth opportunity as they require a long steady discharge from their batteries, which makes them suitable for the fuel cells. China is among the leading countries of the electric vehicles market and thus speeding the growth of fuel cells market. China accounted for the USD 3.8 million revenue share in global fuel cell market in 2016 and is anticipated to expand at a CAGR of 11.7% over the forecast period.

China Fuel cell market segmentation has been done on the basis of fuel cell type, application, and geography. Proton exchange membrane fuel cell (PEMFC) accounted for the largest market share in 2016 on the basis of fuel cell type. It is expected to continue its dominating market share over the forecast period. China Fuel cell market is dominated by local players such as Dalian Xinyuan Dongli, having the largest revenue share. China has the major share in global fuel cell manufacturing and its application.

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Market Segmentation

On the basis of our in-depth analysis, China Fuel Cell Market can be segmented as follows:

By Fuel Cell Type

  • Alkaline Fuel Cell
  • Phosphoric Acid Fuel Cell
  • Molten Carbonate Fuel Cell
  • Solid Oxide Fuel Cell
  • Proton Exchange Membrane Fuel Cell
  • Direct Methanol Fuel Cell

By Application

  • Stationary Power Generation
  • Portable Power generation
  • Power Generation for Transportation

On the basis of region

  • Tier-1 Cities (Beijing, Shanghai, Guangzhou, Shenzhen) {Market Size, Growth Analysis, and Opportunity Analysis}
  • Tier-2 Cities (Wuhan, Foshan, Chongqing, Chengdu) {Market Size, Growth Analysis and Opportunity Analysis}
  • Tier-3 Cities (Yulin, Leshan, Ziyang, Yongzhou) {Market Size, Growth Analysis, and Opportunity Analysis}
  • Tier-4 Cities (Gongzhuling, Linfen, Liuan, Meishan, Zhaotong) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of China {Market Size, Growth Analysis and Opportunity Analysis}

Browse Full Report: https://www.goldsteinresearch.com/report/china-fuel-cell-market-size-industry-analysis

China Fuel Cell Industry  Analysis”  contains a detailed overview of the China fuel cell market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, fuel type, end users and countries.

The industry analysis report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of fuel cell market report helps the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the China fuel cell market discussed in the report are: AFC Energy, Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, Ceramic Fuel Cells Limited, Ceres Power Holdings PLC, Doosan Corporation, Fuelcell Energy, Horizon Fuel Cell Technologies, Hydrogenics Corporation, Kyocera, Panasonic Corporation, Plug Power Inc., Toshiba Corporation, Dalian XinyuanDongli, Jiangsu Huayuan, Shanghai Shenli, Shanghai Boneng,etc.

Further, The market research report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Fuel Cell Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The market analysis report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our analysts working on energy industry analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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