The global fuel cell industry has been growing at a fast pace for the past few years and is further expected to post an unprecedented growth in near future. The industry is receiving great impetus from the governments across the world, which has resulted in impressive funding for research and development of fuel cells. Additionally, the regulatory authorities are amending their emission legislations that will spur growth in the fuel cell industry. Although currently the industry is being headed by countries, such as the US, the UK, Germany, Denmark, and Canada, the momentum is expected to progressively shift to the Asian countries due to their vast market potential and rising spending power.
According to our new research report “Fuel Cell Industry Analysis”, the global fuel cell industry is expected to sustain its growth pace in near future driven by various factors, such as best efficiency amongst energy sources, related market potential, environment friendly operation, and support towards reducing dependence on oil. In this regard, we have done an extensive research and analysis of various segments of the global fuel cell industry. Major segments by applications covered in the report include: Transport, Stationary, and Portable.
The baseline for optimistic future outlook of the global fuel cell industry is the rising demand for fuel cells in the automobile and telecom sector. Various automotive companies are planning to launch FCV by the end of 2012 or 2013 with a target of widespread commercialization by 2015. Besides the automobile sector, the demand for portable fuel cells will incredibly rise in the consumer and industrial electronics sector, which will grow to dominate the market in the distant future. Thus, the global fuel cell shipment is expected to grow at a CAGR of around 71% during 2010-2013.
“Fuel Cell Industry Analysis” is a comprehensive research report 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, key players, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market.