Noida, India (PressExposure) January 07, 2010 -- Fuel cell technology is fast gaining acceptance across the world owing to the benefits it offers over conventional energy sources. 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 as low-emission and high-efficiency fuel with its possible use in diverse fields. As a result, global cumulative fuel cell shipments are projected to grow at a CAGR of over 75% during the forecast period (2010-2012), according to our newly updated research report âFuel Cell Industry Analysisâ.
Our research broadly categorizes the applications of fuel cells for portable, transportation and stationary purposes. It finds that the global cumulative portable fuel cell shipments are projected to grow at a CAGR of around 70% during the forecast period. Our team of experts has identified various reasons/factors along with various products that will contribute towards the future growth of the portable fuel cell market. Our research also identifies several technological challenges that portable fuel cell manufacturers have to overcome in order to increase their commercial shipments.
Moving ahead, our research provides detailed country-level analysis including government initiatives along with the country's investments in the concerned market and in supporting the R&D activities. Our research also highlights the roadblocks that are expected to restrain the high-performance of the market. It will help clients to ensure optimum allocation of resources and prepare themselves for challenges ahead.
Our research âFuel Cell Industry Analysisâ thoroughly analyzes the current and future market trends and developments vital for the success of the overall fuel cell industry. Besides this, the factors which are fuelling the growth of the global fuel cell market have been discussed in detail. The report also includes detailed business profile of the key automobile companies worldwide including their strength and weakness analysis.
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