fuel cell technology market

The global fuel cell market is segmented firstly on the basis of its applications such as portable, transportation and stationary applications. Secondly, it is segmented on the basis of technology such as Polymer/Proton Exchange Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell and others. Then the market is segmented according to primary fuel sources such as Hydrogen, Natural Gas/ Methane, Methanol, and Anaerobic Digester Gas. Lastly, the market is segmented on the basis of geography such as North America, Europe, Asia, and Rest of World. Each region has been analyzed with respect to its market trends, growth, and future prospective of the fuel cell market. The data has been analyzed over a period of 2011 to 2018. The quantitative data regarding all the above segmentation is given in value ($million).

The global fuel cell market revenue is estimated to reach $2.5 billion by 2018. The unit shipments of fuel cells will increase by over fourteen fold from 78,100 in 2012 to 1,127,560 by 2018. Major factors responsible for the growth of fuel cell market include the ability of fuel cells in stationary, portable and transportation applications as a source of off grid power source, zero emission and clean energy source and continuous depletion of existing oil reserves makes. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells and establishment of fuel cell infrastructure.

FUEL CELL MARKET VOLUME, BY UNIT SHIPMENTS, 2012-2018

Fuel Cell Technology Market

Source: MarketsandMarkets Analysis

The report classifies and defines the revenue for fuel cell industry. It covers qualitative data about the fuel cell technologies used in various applications. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the fuel cell market. Key players in the industry are profiled in detail with their recent developments. Some of these include Ballard (Canada), Ceramic Fuel Cell (Australia), FuelCell Energy (U.S.), Hydrogenics, PlugPower (U.S.), SFC Energy (Germany)

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