According to a new market report published by Transparency Market Research Fuel Cells Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.
Albany, NY -- (SBWIRE) -- 06/23/2014 -- This report analyzes and estimates the demand for fuel cells in the global scenario. The fuel cell market is segmented on the basis of application, type, fuel and geography. Regional and product-based market data is given in terms of both volumes and revenues for the period from 2010 to 2018.
Various fuel cell products analyzed in this study include direct methanol fuel cell (DMFC), proton exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), alkaline fuel cell (AFC), phosphoric acid fuel cell (PAFC) and solid oxide fuel cell (SOFC).
The fuel cells market by applications is majorly divided into stationary, transportation and portable. The economies covered in this report are Asia-Pacific, Europe, North America, and Rest of the World (ROW). Regional data has also been provided for key countries such as U.S., Canada, Japan, South Korea, Germany, UK, Norway, Denmark and Sweden. The fuel cells market by various fuels such as hydrogen, natural gas and methane has also been analyzed in this report along with type, application and geography.
This report also includes market share of major companies in 2011, value chain analysis and porters five forces model. Some of the key players profiled in this study include Fuel Cell Energy, Ballard, Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation. The report gives a brief overview of the major companies that are dealing in fuel cells followed by their business strategies, financial revenue and recent developments.
This research has been specially conducted to estimate and analyze the performance and demand of fuel cells in a global scenario. The research provides detailed analysis of companies that are dealing in fuel cells, trend analysis of fuel cells market and demand by geography. The report includes all the major types and application segments of the fuel cells market and provides statistically refined forecast and historical data for the segments covered. The report presents a comprehensive assessment of the strategies followed by different stakeholders by segmenting the fuel cells market as below:
Global Fuel Cells market, by fuel
- Natural Gas
Global Fuel Cells market, by type
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Direct Methanol Fuel Cell (DMFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Solid Oxide Fuel Cell (SOFC)
- Molten Carbonate Fuel Cell (MCFC)
- Alkaline Fuel Cell (AFC)
Global Fuel Cells market, by application
Global Fuel Cells market, by geography
- South Korea
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