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Global Fuel Cell Membranes market is projected to reach USD 476.53 million USD by 2025
Global Fuel Cell Membranes market is projected to reach USD 476.53 million USD by 2025
Publisher: QYResearch
Published Date: 2018/10/22
The Global Fuel Cell Membranes Sales Market Report 2018 is a professional and in-depth study on the current state of the Fuel Cell Membranes market. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets. The Fuel Cell Membranes industry was 131.20 million USD in 2017 and is projected to reach USD 476.53 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 17.50% between 2017 and 2025.
The fuel cell, allied with renewables, is the key to combating climate change. Fuel cell technology is the optimum option in this regard. It can be used for the stationary generation of power and heat in residential housing, in mobile applications for cars, buses and ships, and even as a provider of electricity for portable electronic devices. Fuel Cell Membranes are the core component of fuel cell stack.
The key players are Dupont (Chemours), 3M, Gore, Solvay, BWT Group, AKC, BASF, Oceanit, Wuhan WUT, Dongyue Group and so on.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-10-21 23:39:15
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- Item ID: 14983476