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Download Free sampleFuel Cell Test Equipment Market contains market size and forecasts of Fuel Cell Test Equipment in global, including the following market information:
The global fuel cell test equipment market size is projected to reach US$ 970.00 million by 2028, from US$ 203.46 million in 2021, at a CAGR of 26.06% during 2022-2028.
The fuel cell test equipment market is fast growing market; key players include Hephas Energy Corporation, Greenlight Innovation, HORIBA FuelCon, Dalian Rigor New Technology, CHINO Corporation, NBT Technology, Kewell Power System, Shenli Technology, Digatron Power Electronics and Zhong Ji Hydrogen Innovation the revenue of top five manufacturers accounts about 69.61% of the total revenue.
Based on the product type, the Fuel Cell Test Equipment is primarily split into Fuel Cell MEA Test System, Fuel Cell Stack Test System, Fuel Cell Engine Test System and Others. In 2021, Fuel Cell Stack Test System accounted for a share of 57.48% in the global Fuel Cell Test Equipment market. And this product segment is poised to reach US$ 546.38 million by 2028 from US$ 116.95 million in 2021. The fuel cell test equipment end user includes automotive OEMs, large stack OEMs, multi-national energy and battery technology OEMs and global research facilities, government labs and universities. Virtually every major developer of fuel cells, electrolysers and battery packs uses Greenlight equipment.
China Fuel Cell Test Equipment market size is valued at US$ 59.75 million in 2021, while the North America and Europe Fuel Cell Test Equipment are US$ 53.29 million and US$ 32.27 million, severally. The proportion of the North America is 16.01% in 2021, while China and Europe are 29.36% and 26.19% respectively, and it is predicted that China proportion will reach 32.44% in 2028, trailing a CAGR of 28.05 % through the analysis period. Japan and South Korea are noteworthy markets in Asia, with CAGR 28.28% and 26.47% respectively for the next 6-year period. As for the Europe Fuel Cell Test Equipment landscape, Germany is projected to reach US$ 74.14 million by 2028 trailing a CAGR of 23.90 % over the forecast period.
Total Market by Segment:
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