Development of Hydrogen generation systems unfolds significant growth opportunities for fuel cell technology. Hydrogen generation system, converts Fischer-Tropsch fuels into hydrogen, which is, then turned into high value and cleaner sources of energy like electricity and heat employing fuel cell technology.
The ability to harness hydrogen for energy, competently and cost-effectively, will introduce a new chapter in a nations economic prowess restructure industries and improving lives. With Fuel cell automobiles being approximately 100 times cleaner, less noisy, cost effective as compared to any “Ultra-Low Emission Vehicle” (ULEV) the advantages are phenomenal.
The research report on fuel cell technology, "Market for Fuel Cell Technology (2006-2007)" brings to light the revolutionary potential of the fuel cell technology for global automotive industry. In 2005, around 35 stations for hydrogen generation became operational globally with the majority being located in the U.S. By the end of 2005, globally the number of stations stood at 120 and is expected to grow to 165 by the end of 2006. The report finds out that Hydrogen generation is attracting increased attention with countries trying to reduce dependency on fossil fuels and to reduce emission of green house gases.
The industry report deals with certain critical issues associated with the market of fuel cell technology. It focuses on the following:
- The significant features of fuel cell 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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