Noida, UP India (PressExposure) December 21, 2011 -- The fuel cell technology witnessed an increased amount of interest globally over the past few decades. The introduction of fuel cells has offered the world a new clean opportunity to meet its growing energy requirements. The ever-increasing environmental concerns, rising fuel prices, and the widespread application of fossil fuel in the transportation industry are the major factors contributing to the development of fuel cell technology. Thus, taking into consideration all the prerequisite parameters, the market is anticipated to reach US$ 4.2 Billion by 2012-end, according to our new research report, "Fuel Cell Industry Analysis".
The Canadian fuel cell industry comprises around 80 companies with over 2000 highly-skilled employees. The Canadian fuel cell industry has been leading the world in R&D activities over the last few decades. As per our research, revenue generated from the fuel cells in Canada is expected to increase at a CAGR of around 15-20% during 2010-2012. With the increasing number of partnerships, huge investments by both public and private sectors and strategic alliances expected in future, the country is all set to witness technological developments and commercialization in the fuel cell industry.
The global fuel cell industry is expected to sustain its growth pace in near future driven by various factors, such as best efficiency amongst energy sources, related market potential, environment-friendly operation, and support towards reducing dependence on oil. In this regard, we have conducted an extensive research and analysis of various segments of the global fuel cell industry. Major segments by applications covered in the report include Transport, Stationary, and Portable.
Our report, "Fuel Cell Industry Analysis", is a comprehensive study conducted with an in-depth quality research and analysis and containing authentic statistics of the global fuel cell market. In this report, our teams of analysts have studied the emerging market trends, recent developments, and their impact on the market. The report is anticipated to facilitate clients in analyzing the leading-edge opportunities, prospective customer base, key players, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market.
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