Fuel cells markets are finally gaining ground, after almost a century of scientific pursuit for reliable technological solutions and applications. Advanced know-how is making headlines daily and with increased commercial involvement by investors, venture capitalists and governments, deals are being made, projects are being sanctioned and companies are being formed.
Analysts and experts at the University of California Irvine predict that fuel cell industry is likely to draw annual revenue of approximately $12 billion. Fuel cells are likely to reshape almost every industrial applications ranging from utilities, transportation to residential or business operations. They may even act as a reliable replacement for costly batteries that are currently used for powering portable electronic gadgetry such as palmtop computers and cellular phones.
The development of fuel cell industry is propelled by their potential to act as a high value, renewable, green energy sources. Furthermore, new advancements in catalytic technology and high reliability have made them feasible for use in a broad range of applications.
Analyst are of the opinion that use of fuel cells will make automobiles more efficient, and reliable, with minimum maintenance requirement as compared to internal combustion engines.
The report deals with certain critical issues associated with the fuel cell market. It focuses on the following:
- The significant features of fuel cell vehicle technology.
- The current status of fuel Cell industry.
- The Automotive Hydrogen Infrastructure.
- The countries investing in R&D for fuel cell industry.
- The Government initiatives for growth of business.
- Competitive advantage of companies operating different fuel cell projects.
RNCOS’ market research report “Market for Fuel Cell Technology (2006-2007)” offers a detailed analysis of the Global fuel cell industry highlighting the rapid developments and future prospects. There’s immense scope of success for serious contenders aiming to redefine and develop fuels for engines that move our world.
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