The fuel cell industry is currently in its most productive phase, with a lot of developments taking place around the world. Rising interest from the governments and regulatory bodies is helping in the growth of the industry. The biggest motivation behind the fast growth of fuel cell industry is the urge to find a solution to energy crisis that is highly probable in the near future. While the investments are being made towards all non-conventional sources of energy, fuel cells are receiving special attention due to their efficiency and versatility.
The initiatives are flowing largely from the developed regions of the world, with Japan leading the way despite the flurry of disasters that hit the nation recently. After the massive losses that Japan faced, the government has made special provisions to encourage the use of alternative energy forms to save expenditure. This is evident from the fact that, the first disaster relief bill included JPY 4 Billion (US$ 49 Million) to urge the public to save energy and JPY 3.7 Billion (US$ 46.1 Million) for consultants to advise small businesses on conservation. More of such developments would encourage the uptake of fuel cell technology in various forms, helping the Japanese fuel cell market to grow at a CAGR of around 35% during FY 2011-FY 2013, says RNCOS in its latest research offering “Fuel Cell Industry Analysis”
Through in depth analysis of the industry, we have categorically segmented the fuel cell industry in terms of applications and R&D. Within the applications category, the industry has been studied into three main segments, namely, Transportation, Stationary, and Portables. The report incorporates the contribution to the overall fuel cell industry by studying their individual potentials. Besides Japan, the report includes profiles of developed and rapidly developing fuel cell markets, such as the US, Canada, Germany, India, Sweden, Korea, China, and South Africa.
Our report “Fuel Cell Industry Analysis”
, has thoroughly examined current market trends, industrial developments, and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible after effects of recession on the industry. It will help clients to have a proper insight of the current and future outlook of the global fuel cell industry.
For more information visit: http://www.rncos.com/Report/IM102.htm