Fuel Cells Market: Government Policies Against Carbon Emissions Driving Demand, Reports TMR
Global fuel cells market comprises only five manufacturers who hold 99.5% of the revenue share, finds Transparency Market Research (TMR) in a new study. The industry is dominated by FuelCell Energy, Inc. and Plug Power, Inc. who collectively hold 51.9% of the revenue share while Ballard Power Systems Inc., SFC Energy AG, and Hydrogenics Corporation are the other leading manufacturers. With wide distribution networks, manufacturers are leveraging their brand name and focusing mergers and acquisitions to gain additional market share....
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