Delhi, India (PressExposure) July 28, 2009 -- The market for fuel cell has emerged as a lucrative segment in clean energy sources and holds great potential for future growth as it can satisfy the energy needs, serving low-emission and high efficiency fuel, with its possible use in diverse areas. These features of the technology propelled the global market shipment of fuel cells in 2008, which grew by more than 60% over 2007, says our new report âFuel Cell Industry Analysisâ.
The increase in shipments is largely attributed to its successful deployment in various application areas, which is the result of massive investments in the technological R&D. âThe need to cut down on costs amidst recession and develop a viable alternative to scarce energy resources is being felt by the western countries. Fuel cell, with its distinct advantages such as low cost and high efficiency, has offered the best solution in the present context,â says a Research Analyst at RNCOS.
Our report also reveals that the fuel cell market has potentially thrived in Europe (occupying majority share in manufacturing and deployment), followed by Japan and North America. These regions altogether are forecasted to generate the majority of future revenues, once the fuel cell technology gets commercialized. In this regard, we have thoroughly examined the future potential of this technology worldwide. Future outlook presented in the report is based on various factors including the government support for R&D and the interest shown by the corporate players based on their investments at country level.
Besides, the report provides an insight to the fuel cell market and systematically studies the market developments in different types of fuel cells. It also provides an in-depth study of the market trends prevailing at the global level as well as at the country level. It also highlights the emerging applications of the fuel cells, market information on these applications including global shipments, and the production of the fuel cell units for these application purposes.
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