The fuel cell industry is emerging as one of the fastest growing
markets owing to the collaborations of governments, businesses, and
academic institutions, which is helping to produce fuel cells at a lower
cost and improve their efficiency. The global fuel cell market is
expected to grow at an estimated compounded annual growth rate of 16.6%
during 2010 to 2014 owing to the decrease in fuel cell prices. The
growth of this market is also expected to be driven by increasing
investments from corporate and governments across the world for research
and development in this field; however, lack of support infrastructure
can pose a challenge to the growth of this industry.
Fuel cells are increasing in demand as they are an efficient source
to produce electrical power without causing any environmental
pollution. There are a variety of fuel cells available today that are
competing with energy conversion devices like batteries and gas
turbines. With continuous research being made for improving the
efficiency of fuel cells, this industry is expected to witness
tremendous growth in the near future.
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Market Segmentation
Segmentation Based on Type
- Alkaline Fuel Cells
- Microbial Fuel Cells
- Micro Fuel Cells
- Polymer Electrolyte Fuel Cells
- Solid Oxide Fuel Cells
Segmentation Based on Applications
- Auxiliary Power
- Military Use
- Cogeneration or Combined Heat and Power
- Small-Scale Energy Consumption
- Light Traction Vehicles
- Road Drive Vehicles
Segmentation Based on Technology
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Direct Methanol Fuel Cell (DMFC)
- Solid Oxide Fuel Cell (SOFC)
- Molten Carbonate Fuel Cell (MCFC)
- Phosphoric Acid Fuel Cell (PAFC)
This research report on the fuel cell analyzes this market
based on its market segments and major geographies. The regions analyzed
under this research report are:
- North America
- Asia-Pacific
- Europe
- Rest of the World
This report provides a comprehensive analysis of current market
trends, factors driving market growth, restraints, market structure, and
market projections for the coming years.
This report also provides an analysis of technological developments
in the industry, Porter’s five force model analysis, and complete
company profiles of the top market players. It provides a review of the
micro and macro factors significant with respect to the existing market
players and new entrants along with detailed value chain analysis.
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Major Players
Some of the key players dominating this market are UTC Power, Fuel
Cell Energy Inc., Ballard Power Systems Inc., Protonex, IdaTech, Plug
Power, Hydrogenics Corporation, Ceramic Fuel Cell Limited, Acumentrics,
Altergy Systems, Astris Energi, and others.
Reasons for Buying this Report
- It provides an overview of the forces driving and limiting market growth
- It provides a comprehensive analysis of the major competitors and their strategies
- It helps in making informed business decisions by having compete insights of the market and by making in-depth analysis of market trends
- It helps to clearly understand the competitive environment to stay ahead in the competition
- It provides up-to-date analysis of the latest trends and technological improvements in the market
- It provides a technological growth map over a time and explains its impact on the industry
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