Nowadays, most of the car manufacturers are focusing on fuel cell electric vehicles and are extremely engaged in the development of low cost fuel cell vehicles. Leading car manufacturers are upheld plans to launch their FCVs in the coming years. Some of the manufacturers who have already launched fuel cell vehicles in the past years are focusing on their up gradation as per the new technological developments. Manufacturers are also continuously involved in various R&D activities, to come up with low cost fuel cells so that mass adoption of FCEVs is possible in the coming years. In future, it is expected that fuel cell vehicles will account for significant share in the new vehicles sales across the globe and also help in reducing carbon emissions.
According to our research report, "Fuel Cell Market Forecast to 2015", fuel cell is emerging as the best renewable energy source, which is expected to change the energy consumption scenario in the coming years. The fuel cell technology has been gaining rapid acceptance due to its various advantages over other renewable energy sources. Over the past few years, the global fuel cell industry has been growing at a rapid pace. The constant government support, regulations like amendment in emission legislations, and increased funding for research and development of fuel cells are encouraging the industry. In future, the global fuel cell market is anticipated to grow at a CAGR of 43% during 2012-2015.
Apart from this, recent R&D activities related to fuel cell have developed platinum-free fuel cells that are expected to significantly reduce the cost of fuel cell in the coming years. Our report covers the major R&D initiatives along with patents that have been filed.
Further, our report, "Fuel Cell Market Forecast to 2015", is also a comprehensive research 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. As such, it is guaranteed to offer clients into analyzing the leading-edge opportunities, prospective customer base, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market. Apart from all these factors, the report covers a brief analysis of the key players to help clients understand the market, its structure, and progress in the coming years.
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