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.

Global Fuel Cell Test Equipment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Fuel Cell Test Equipment Market Segment Percentages, by Type, 2021 (%)

• Fuel Cell MEA Test System
• Fuel Cell Stack Test System
• Fuel Cell DC-DC Test System
• Fuel Cell Air Compressor Test system
• Others

Global Fuel Cell Test Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Fuel Cell Test Equipment Market Segment Percentages, by Application, 2021 (%)

• Automotive
• Power Generation

Global Fuel Cell Test Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Fuel Cell Test Equipment Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Fuel Cell Test Equipment revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies Fuel Cell Test Equipment revenues share in global market, 2021 (%)
• Key companies Fuel Cell Test Equipment sales in global market, 2017-2022 (Estimated), (Units)
• Key companies Fuel Cell Test Equipment sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Greenlight Innovation
• AVL
• HORIBA FuelCon
• TOYO Corporation
• CHINO Corporation
• DAM Group
• Proventia
• NH Research
• HEPHAS Energy
• Kewell
• Rigor
• Zhong Ji Hydrogen Innovation
• FEV STS
• Legend New Energy Technology

CONTACT US:
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170
Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports