Posted in | News | Fuel Cells

Research Report on Global Fuel Cell Industry

The international fuel cell sector is growing swiftly and showed a compound annual growth rate (CAGR) of 83% during 2009ƒ{2011. Nevertheless, it is still small in comparison with its clean energy peers such as solar and wind.

Besides, the fuel cell sector is still afflicted by expansion and contraction. For instance, during 2011, system shipments in the portable fuel cell segment contracted by 16% on a year-by-year basis, resulting in the sector losing many organizations.

In the meantime, the stationary sector manifested the highest growth in 2011, mainly due to a swell in the demand for housing heating and power arrangements in Japan subsequent to the Fukushima Daiichi nuclear power plant catastrophe. FuelCell Energy and other such organizations upped their production. As a consequence, during 2011 system shipments in the international stationary sector increased by 75% from those in 2010 and manifested a CAGR for 2009ƒ{2011 of 63%.

The differences between the stationary and portable fuel cell segments clearly point out that the fuel cell sector is complicated and has various aspects with different application segments having different adoption models and supply chain of varied quality.

Regardless of the various hurdles, the industry is flourishing, being guided by issues of the cost of energy, an unceasing international focus on clean energy initiatives and need for conversion to a smart energy archetype.

The current Pike research report assesses the condition of the international fuel cell industry, covering three main sectors ¡V stationary, portable and transport. It also includes an investigation of the demand drivers and hurdles, public policy aspects, and prime industry participants in the global fuel cell sector. Market sizing and prognosis are provided for megawatts shipped, system shipments, electrolyte adoption rates and earnings by sector and application. The current year¡¦s report also has a portion dedicated to the consequences to the fuel cell industry by the present natural gas boom.

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Thomas, G.P.. (2019, March 01). Research Report on Global Fuel Cell Industry. AZoCleantech. Retrieved on November 10, 2024 from https://www.azocleantech.com/news.aspx?newsID=17133.

  • MLA

    Thomas, G.P.. "Research Report on Global Fuel Cell Industry". AZoCleantech. 10 November 2024. <https://www.azocleantech.com/news.aspx?newsID=17133>.

  • Chicago

    Thomas, G.P.. "Research Report on Global Fuel Cell Industry". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=17133. (accessed November 10, 2024).

  • Harvard

    Thomas, G.P.. 2019. Research Report on Global Fuel Cell Industry. AZoCleantech, viewed 10 November 2024, https://www.azocleantech.com/news.aspx?newsID=17133.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.