Fuel Cell Market in China and Japan Poised for Growth Due to Clean Energy Push and Hydrogen Advances
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China and Japan stationary fuel cell market to reach $2.5 billion by 2031, growing at 13.6% CAGR due to clean energy focus and hydrogen expertise.
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Innovations in materials, processing, automation, and circular economy principles drive efficiency, cost savings, and sustainability.
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Exploration of new hydrogen and natural gas sources supports progress as fuel cell lifespan extends and waste reduces.
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High catalyst costs and power generation alternatives restrain growth somewhat.
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Transportation, defense, oil and gas, and utilities are major end users as governments incentivize CHP installations.