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Global Fuel Cell Technology Market Revenue Estimated to Reach $2.5 Billion by 2018

Jan 15 2014

Research and Markets has announced the addition of the "2013 Report on the International Fuel Cell Technology - Forecast to 2018" report to their offering.

Fuel cells are gaining global importance as the demand for clean energy increases and the depletion of world oil and gas reserves continues. Furthermore, the shifting focus towards renewable energy and the increasing awareness and demand for zero emission energy sources worldwide is driving development and demand for fuel cell technology.

The global fuel cell market revenue is estimated to reach $2.5 billion by 2018. The unit shipments of fuel cells will increase by over fourteen fold from 78,100 in 2012 to 1,127,560 by 2018. Major factors responsible for the growth of fuel cell market include the ability of fuel cells in stationary, portable and transportation applications as a source of off grid power source, zero emission and clean energy source and continuous depletion of existing oil reserves makes. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells and establishment of fuel cell infrastructure.

This report segments the global fuel cell market firstly on the basis of its applications such as portable, transportation and stationary applications.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Global Fuel Cell Technology Market, By Applications

6 Fuel Cell Technology Market, By Geography

7 Global Fuel Cell Technology Market, By Types/Technologies

8 Global Fuel Cells Market, By Fuels

9 Competitive Landscape

10 Company Profiles

Companies Mentioned: