Europe Fuel Cell Technology Market Worth $613.7 Million by 2018
DALLAS, June 27, 2013 /PRNewswire/ --
The Report "Europe Fuel Cell Technology Market: By Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) & Geography- European Trends and Forecast to 2018" defines and segments the European fuel cell market with analysis and forecast of the revenue. The fuel cell market will grow from an estimated $150.4 million in 2013 to $613.7 million by 2018, at a CAGR of 32.5% from 2013 to 2018.
- 87 Market Data Tables
- 25 Figures
- 168 Pages and an in-depth Table of Contents on "Europe Fuel Cell Technology Market"
Early buyers will receive 10% customization on this report.
European Market: Fuel Cell Technology grows on combined efforts of universities, governments and private players
Germany is the leading country in the European Fuel Cell Technology Market. Many universities, research institutes and companies are involved in the fuel cell business, both in R&D and commercializing the market. After Germany U.K. is the most active country in terms of hydrogen and fuel cell technology. The Government of U.K. has launched a 'renewable heat incentive' which includes provisions for CHP units and aerobic digestion to produce biogas for heat production. It also runs a money-back feed-in tariff (FIT) for household fuel cell installations for encouraging the demand for fuel cells.
Market Demand: Household, Telecom and Backup Applications dominates Market Demand
In the current European fuel cell technology market, the stationary household, telecom and backup applications dominate market demand on the basis of market size and revenues. The demand is projected to increase heavily due to the increased power backup and household demand. The telecom, automobile and power backup industry acts as the parent market of the fuel cell industry. Its growth and demand is highly influenced by the parent market. Off grid applications like providing backup power for telecommunication infrastructure is provided by the fuel cells. Stationary fuels cells are used for these applications and have already been commercialized, thus demand is further expected to rise owing to this commercialization.
Increase in Hydrogen as a Primary Fuel: Key for Fuel Cell Growth
Hydrogen is the largest primary fuel source for the fuel cells across Europe with more than half of the market share. On the other hand, Natural gas/Methane and Methanol are gaining a sharp focus as a renewable energy generation source. Germany and U.K. represent a huge potential in terms of hydrogen as a fuel. Fuel cell companies are continuously trying to develop technologies in order to provide a more cost effective catalyst, which in turn helps them to commercialize and launch products in the market. On account of hydrogen & fuel cell technology infrastructure development for storage & distribution, the fuel cell market will experience a tremendous increase in demand in the years to come.
Buy a copy of this Report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1202
Browse related reports to Energy and PowerMarket @ http://www.marketsandmarkets.com/energy-power-supplies-market-research-4.html
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductors and electronics, healthcare information technology, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
More by this Source
Bioactive Ingredients Market Worth $33.6 Billion by 2018
Apr 17, 2014, 13:00 ET
Flow Cytometry Market worth $3.7 Billion in 2018
Apr 17, 2014, 12:00 ET
Wireless Network Security Market worth $15.55 Billion by 2019
Apr 17, 2014, 11:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.