The stationary sector will experience a healthy growth, as developments in CHP and UPS market will show remarkable growth in the coming years, says RNCOS.
Noida, UP -- (SBWIRE) -- 06/24/2015 -- Fuel cells are becoming well established in a number of markets where they are now recognized as a better technology option than conventional internal combustion engine generators or batteries. 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. The stationary sector has experienced healthy growth, as it provides distributed power for campus environments to achieve better technology and economies of scale.
As, per our analysis, the stationary fuel cells have found significant commercial interest in UPS applications, where they are used to provide backup or standby power to telecom sites and other critical infrastructure. According to our report, new regional markets are opening for both telecommunications backup power and residential micro-CHP, and support is continuing for installations of large megawatt-scale fuel cells. Considering the above factors, the global stationary fuel cell shipments are anticipated to grow at a CAGR of around 20% during 2015-2020.
The report "Fuel Cell Market Outlook 2020", by RNCOS spread over 160 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the fuel cell 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 global research and developments taking place in the industry that are boosting the fuel cell market growth.
Additionally, to provide a comprehensive view and in-depth study of major fuel cell market has been covered in the report that includes countries such as US, UK, Japan, China, Germany, India etc. This section covers fuel cell market in both value and volume terms in each of these countries till 2020. In addition to that, we have covered the patent reviews on the global level for the fuel cell market.
Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Moreover, we have also covered the key financial 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.
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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.