Market potential, environment-friendly operations and rising demand in automobile and telecom sectors will help the global fuel cell industry sustain its growth pace in near future. According to “Fuel Cell Industry Analysis”
, new research report by RNCOS, recent research and development activities relating to fuel cells have led to the development of platinum-free proton exchange membrane (PEM) fuel cells which are expected to significantly reduce costs in the coming years. The scientists have been experimenting with various metals for decades to replace the expensive platinum catalysts, which make fuel cells costlier.
The global fuel cell industry is gaining momentum with the efforts and supports of governments across the globe. Due to the government assistance, there has been impressive funding for the research and development of fuel cells in the last few years. With this, the global fuel cell shipments are anticipated to grow at a CAGR of around 71% during 2010-2013.
The information regarding the global fuel cell market, recent developments, and their impact on the industry are part of the RNCOS study, which also highlights R&D activities and latest patents filed in the fuel cell technology (FCT).
It covers the detailed analysis of major segments of fuel cells by applications like transport, portable and stationary. The shipment data for portable, large and stationary fuel cells till 2013 has also been included in the report, along with break-up for portable, small & stationary shipments based on technology. Profiles of developed and rapidly developing fuel cell markets in the world, such as the US, Canada, Germany, India, China, Japan, Sweden, Korea, and South Africa have also been elaborated in the research. The report also talks in detail about emerging trends, such as fuel cells finding application in maritime operations, focus shifting towards enhancing cost-effectiveness of FCT, out-of-the-box FCT innovations driving automobiles, and researchers utilizing nanotech to enhance FCT safety.
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