LONDON--(BUSINESS WIRE)--
Technavio has published a new report on the global
fuel cell market, which is expected to grow at a CAGR of
more than 30% from 2015-2019.
Fuel cell market segmentation by application, fuel cell type, and
region
Technavio's report analyzes the solutions and products offered by market
vendors and presents a comprehensive breakdown of the market by
application, including stationary, portable, and transportation.
Additionally, analysts have segmented the market by key region,
including APAC, the Americas, and EMEA.
"A number of new techniques have led to the decline of the price of fuel
cells, which has a positive impact on the fuel cell market worldwide.
For instance, several fuel manufacturing companies in the US are
reducing the amount of platinum they use in fuel cells, which in turn
reduces the cost of fuel cells by up to 40%," says Faisal Ghaus, Vice
President of Technavio.
Fuel cell: Market scope and size
This report covers the present scenario and growth prospects of the
global fuel cell market from 2015-2019. The market size has been
calculated based on the revenue generated from units shipped and
megawatts shipped.
Industry overview
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Key vendors:
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Ballard Power Systems Inc.
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Bloom Energy Corp.
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Doosan Fuel Cell
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Fuelcell Energy Inc.
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Hydrogenics Corporation
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Market growth drivers:
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Development of hydrogen infrastructure
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Shift toward green energy
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Market challenges:
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Functional issues
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Lack of adequate skills for design and development
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Market trends:
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Increased investment in R&D
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Reduction in fuel cell prices
View the global
fuel cell market report.
Technavio currently has
more than 3,000 market research reports on an extensive range of topics,
with 100-plus reports on the fuel cell market. Examples include:
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20150624005090/en/
