Global Fuel Cell Market Showing Promising Growth

Global Fuel Cell market is anticipated to grow at a CAGR of around 22% during the forecast period 2015-2020 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 01/15/2015 -- Corporate customers have discovered in recent time that investing in fuel cells ultimately pays off. It saves money on fuel and labor costs, reduces emissions and yields substantial savings through increased efficiency and reliability. Global Fuel Cell market, although at a nascent stage at present, is displaying vibrant signs of huge future potential. The 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. Furthermore, a lot of research work is going on around the world to ensure fast and widespread commercialization of the technology.

Besides, declining cost of fuel cells with increasing efficiency is anticipated to take this industry to new heights. Slowly but steadily opening of several new hydrogen refueling stations around the globe is also boosting up this industry to grow further. Considering the above factors, the global fuel cell market is projected to grow at a CAGR of around 22% during the forecast period of 2015-2020.

Research Analysis & Highlights

The report "Fuel Cell Market Outlook 2020", by RNCOS spread over 170 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the fuel cell technology market on globe. Our research includes profound study of the market by type, application and region. Besides that, the report exhibits the emerging trends and drivers globally which are boosting the fuel cell industry growth.

Additionally, our research also includes analysis of the major research and developments initiatives and patents granted in fuel cell industry globally. Other than that, 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, South Korea, Germany etc. This section covers fuel cell shipment in each of these countries till 2020.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Additionally, we have also covered the key financials and recent activities by these players to build up position in the fuel cell market. As a whole, the report presents a comprehensive look at the sector's past, present, and future scenario.

Some of the report's key highlights include:

- Rising associations between Automobile Companies boosting the Market
- Fuel cells Poised to Power Mobile Devices
- Massive Investments to Support Fuel Cells Research and Development
- Decreasing Fuel Cells Cost is driving the Industry
- Growing Demand of Fuel Cell Systems in Telecom 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.