Over the past few years, the global fuel cell industry has been growing at a rapid pace. Fuel cell is emerging as the best source of green energy and is expected to change the energy consumption scenario in the coming years. The fuel cell technology has been gaining rapid acceptance backed by various advantages over other green energy sources. Constant government support, regulations like amendment in emission legislations, and increased funding for research and development of fuel cells are encouraging in the industry. In future, the momentum is expected to shift to the Asian countries due to their vast market potential and rising spending on power.
According to our new research report, “Fuel Cell Market Forecast to 2015”, the global fuel cell shipments are anticipated to grow at a CAGR of around 20% during 2012-2015. The industry is expected to sustain its growth pace in near future driven by factors like best efficiency amongst energy sources and environment friendly operation, among others. Our report covers the extensive research on fuel cell and analysis of various segments of fuel cell industry, which has been witnessing an increase in demand for fuel cells in automobile and telecom sectors.
As per our findings, a number of automobile manufacturing companies are planning to launch Fuel Cell Vehicles (FCVs) in the coming years, with a target of widespread commercialization by 2015. Besides, the demand for portable fuel cells will increase exceptionally in the consumer and industrial electronics sector, which will grow to dominate the market in the future. Our report covers the detail analysis and forecast of portable, large & small stationary fuel cells shipments in terms of volume and power. In addition, fuel cell market forecast for portable, stationary and transportation segments is also covered till 2015.
For decades, researchers have been experimenting with various metals to replace expensive platinum catalysts in proton exchange membrane (PEM) fuel cells. As per our findings, recent R&D activities related to fuel cell have developed platinum free fuel cells which are expected to significantly reduce the cost of fuel cell in the coming years. The report covers the major R&D initiatives along with patents that have been filed.
Our report is a comprehensive research that contains quality research, in-depth analysis, and authentic statistics regarding the global fuel cell market. It studies the emerging market trends, recent developments, and their impact on the market. The report will help clients in analyzing the leading-edge opportunities, prospective customer base, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market. Besides this, the report covers the brief analysis of the key players to help clients understand the market, its structure and progress in the coming years.