Asian Region Witnessing Tremendous Growth in Fuel Cell Market

Global Fuel Cell market is anticipated to grow at a CAGR of around 22% during the forecast period 2014-2020 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 10/08/2014 -- Fuel Cell technology is gaining worldwide acceptance due to its high efficiency over other energy sources and it is expected to become the best replacement for conventional energy sources. Therefore, a lot of research work is going on around the world to ensure fast and widespread commercialization of the technology. Among all the regions, Asian region is anticipated to dominate the global fuel cell market on the back of factors such as growing demand from telecom towers, high number of micro-CHP unit adoption, developing infrastructure etc. With this, the global fuel cell market is projected to grow at a CAGR of around 22% during the forecast period 2014-2020.

The report “Fuel Cell Market Outlook 2020”, provides an exhaustive research and rational analysis of the present status and future growth prospects of the fuel cell technology market. Our research includes reflective study of the market by region, type and application in order to fetch a deep understanding of the market. Besides that, the report exhibits the emerging trends and drivers globally which are boosting the fuel cell industry growth.

To provide a comprehensive view, an in-depth study of major fuel cell market has been covered in the report which includes countries such as Japan, US, Germany etc. This section covers fuel cell shipment in each of these countries till 2020. Further, through the section of key players, we have attempted to provide the insight of current market set-up and existing competition to our customers. Additionally, we have also enclosed the key financial information and recent activities by these players to build up position in the fuel cell market.

Furthermore, our report includes information about the major research and developments done and patents granted in fuel cell industry globally. In a nutshell, the research provides all the prerequisite information for intending clients looking out to venture into this industry and facilitates them to devise strategies, while going for an investment in the fuel cell industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.