Press release
Fuel Cell Seals - Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Fuel Cell Seals - MarketThe global Fuel Cell Seals market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Seals in various end use industries. The expanding demands from the PEMFCs, SOFC, MCFC and PAFC, are propelling Fuel Cell Seals market. Bonded Seals, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Compressive Seals segment is estimated at % CAGR for the next seven-year period.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
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Report Scope
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Fuel Cell Seals, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
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Segment by Type
• Bonded Seals
• Compressive Seals
Segment by Application
• PEMFCs
• SOFC
• MCFC
• PAFC
By Companies
Daikin Industries
Shanghai Shen-Li High Tech Co.,Ltd.
Threebond
Yuasa
Toyota
Freudenberg Sealing Technologies
Allied Power
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