Ideas That Generate Results
Fuel Cell Market Outlook 2017
Fuel cells are an extremely resourceful technology with systems ranging from single watts up to megawatts. This created demand for this technology in various application areas including military, electronic devices, transportation, traffic signaling, security and remote monitoring etc. In addition, declining prices for fuel cells and advanced research and development activities are adding growth to the fuel cell market, making it affordable for individuals to embrace the fuel cell technology.
In their latest research study, “Fuel Cell Market Outlook 2017”, RNCOS analysts identified that the global fuel cell industry has been growing at a rapid pace over the past few years. In addition, the latest turn out in fuel cell industry include rising automakers alliances to speed fuel-cell development, remote applications of fuel cells, nanotechnology growth in fuel cell, and fuel cell potential for residential CHP applications. Considering the above factors, the global fuel cell shipments are anticipated to grow at a CAGR of more than 15% during 2013-2017.
In the report, we have studied the fuel cell market by application, by region, and by electrolyte. On the application front, we have analyzed three segments portable, stationary and transportation by unit shipments, megawatt shipments and market revenue. In addition, we have discussed current fuel cell market and forecast for each of the above mentioned segments till 2017. By electrolyte, the report provides insight for the current fuel cell shipments in unit and megawatt along with their forecast. The report also reviewed the fuel cell patents including number of patent applications and patents granted, share of major countries in the number of patent granted and the top 10 companies to whom the patents are assigned.
Further, regional analysis revealed that three regions namely Asia, Europe and North America lead the fuel cell market accounting for the major fuel cell shipments. India, Japan and China are the key drivers in the Asian market. The report also discusses fuel cell market in major countries like US, Canada, UK, Italy, Germany and Russia and present recent developments for each nation. We have chosen these countries for the purpose of our study, keeping in view the current market trends and growth potential.
In the report, research and developments related to fuel cell have been covered in detail including recent activities in the fuel cell industry across the globe. As per our expert findings, recent R&D activities related to fuel cell have developed platinum free fuel cells which are expected to significantly reduce the cost of fuel cell in the coming years.
Besides, our team also analyzed the profiles of key players like Fuel Cell Energy, Ballard Power Systems, Ceramic Fuel Cells, Hydrogenics Corporation, SFC Energy, Teledyne Energy Systems, ClearEdge Power etc., present in the fuel cell industry.