Fuel cell technology has been continuously garnering great support and interest around the world, driven by huge market potential, positive impact on air quality and radically different nature than currently available power sources. The technology has witnessed remarkable expansion, both in terms of new installations and shipments of the fuel cell products worldwide. Growth has also been driven by the ability of fuel cells to strengthen national energy security among countries that are heavily dependent on imported petroleum products.
According to our latest research report “Fuel Cell Industry Analysis”, the fuel cell market has a bright future ahead and is expected to experience wide acceptance in coming times. The cumulative fuel cell shipments are estimated to reach 72,000 Units by the end of 2009. The figure is projected to grow at a CAGR of over 75% during 2010-2012. Various factors that will continue to bolster the growth of fuel cell developments worldwide have been extensively covered in our report.
Our report studies the global fuel cell market by segmenting it into - Molten Carbonate Fuel Cells (MCFC), Proton Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), and Direct Methanol Fuel Cells (DMFC). The in-depth research identifies rapidly growing trend in the fuel cell installations and adoptions across various application areas. The report has broadly categorized the applications of fuel cells for portable, transportation and stationary purposes.
However, the applicability of type of fuel cell varies according to various applications. For instance, we have found that PEMFC and DMFC are primarily used for portable applications, while MCFC and SOFC are widely used for stationary purposes. Each of these applications and their respective fuel cell usage is thoroughly explained in the report. Besides this, our report anticipates the portable segment to emerge as the key power source for fuel cell deployment over the forecast period (2010-2012) and will constitute a significant share of the cumulative fuel cell shipments by 2012.
The report gives a comprehensive overview of the fuel cell industry worldwide, placing special focus on the developments taking place in various countries. Besides this, our report also offers rational analysis on the key automobile companies in the world, highlighting their strengths and weaknesses.
