Global Fuel Cell Market for Prime Power 2019-2023
About this market
Increasing government initiatives to promote the textile industry in emerging markets to gain traction. India and China are two major exporters of bathroom linen products. Cumulatively, these countries account for around 40% of the global exports. The governments of these two countries are involved in various promotional strategies to boost the exports further. Technavio’s analysts have predicted that the bathroom linen market will register a CAGR of close to 8% by 2023.
Rapid growth of online retail sales
The sale of bathroom linen products by the online channel is constantly witnessing growth with the advent of smartphones and the penetration of the Internet globally.
Lack of standardization due to fragmented structure of the market
The market is dominated by a few prominent vendors due to product differentiation in their offerings in terms of quality and innovation. However, the huge drawback of the fragmented structure of the global bathroom linen market is that it presents a barrier to technologies that require standardization and integration.
For the detailed list of factors that will drive and challenge the growth of the bathroom linen market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Trident Group and Welspun India the competitive environment is quite intense. Factors such as the increasing government initiatives to promote the textile industry in emerging markets and the rapid growth of online retail sales, will provide considerable growth opportunities to bathroom linen manufactures. Alok industries, Avanti Linens, Springs Global, Trident Group, and Welspun India are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Fuel Cell Market for Prime Power 2019-2023
Technavio recognizes the following companies as the key players in the global fuel cell market for prime power: Ballard Power Systems, Bloom Energy, Doosan, FuelCell Energy, PLUG POWER.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the trasitioning to decentralized power is expected to have a positive impact on the global fuel cell market for prime power during our forecast period.”
According to the report, one of the major drivers for this market is the rising energy consumption will play a major role in the growth of the global fuel call market for prime power.
Ballard Power Systems
and PLUG POWER
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