E company news, China Galaxy Securities latest research report pointed out that in recent years, hydrogen energy vehicles have maintained a high sales and ownership growth rate, 2016 and 2019 compound annual growth rate of 63% and 114%, respectively. The global fuel cell market size will be $4.2 billion in 2020. On the cost side, fuel cells have a large space for cost reduction, and it is estimated that we believe that the annual system cost will fall by about 14% in 2020-2030. In the long run, fuel cell vehicles will continue to be the main growth force of the fuel cell market. According to forecasts, the global fuel cell market will grow at a compound annual growth rate of 16.64% from 2020 to 2025 and will reach $9.05 billion in 2025. It can be seen that the future market development space of fuel cells and hydrogen energy vehicles is large, and it is optimistic about the development prospects of fuel cells and hydrogen energy vehicles.
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