Global Fuel Cells Market is Expected to Reach USD 910.3 Million in 2018: Transparency Market Research

ALBANY, New York, January 16, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Fuel Cells Market (PEMFC, MCFC, PAFC, SOFC, DMFC & Others) - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global fuel cells demand was worth USD 355.3 million in 2011 and is estimated to reach USD 910.3 million in 2018, growing at a CAGR of 15.0% from 2013 to 2018. Asia-Pacific and North America dominate the global market in terms of demand, and Europe is estimated to be the most promising market in the near future.

Browse the full report athttp://www.transparencymarketresearch.com/fuel-cell-market.html

The fuel cells market by product type is majorly covered by PEMFC (Proton Exchange Membrane Fuel Cell) in terms of revenue followed by MCFC (Molten Carbonate Fuel Cell). PEMFC and MCFC are expected to grow at a CAGR of 11.5% and 17.8% respectively from 2013 to 2018. In terms of power (MW), PEMFC and MCFC again dominated the market, accounting for 46.3% and 39.2% of total demand in 2011 respectively. However, by 2018, MCFC is likely to overtake PEMFC market owing to the increasing market of stationary fuel cell systems. PEMFC is used in a wide variety of applications including forklifts, automobiles, telecommunications, data centers, primary and backup power systems owing to its relatively low operating temperature and high power density. MCFC fuel cells are mainly used for stationary power generation and CHP applications, and are available as commercial products.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/coal-bed-methane-market.html

http://www.transparencymarketresearch.com/low-voltage-cables-market.html

http://www.transparencymarketresearch.com/north-american-ground-mount-pv-utility-market.html

http://www.transparencymarketresearch.com/wind-energy-wind-turbine-market.html

Fuel cells are currently more dominant in the North America due to regulatory support and technological innovation push in recent times. U.S. is expected to emerge as one of the biggest markets for fuel cell vehicles by 2018. Asia-Pacific is the other major region where the fuel cells market is very strong with demand expected to grow at a CAGR of about 12% from 2013 to 2018. In Asia-Pacific, Japan and South Korea dominate the market revenue for fuel cells. Europe is expected to grow at the highest rate among these three major regions, driven primarily by regulatory policies pushing for sustainability and is expected to cover a substantial part of the market by 2018. With regional coverage, the study also provides comprehensive market data on key countries such as U.S., Canada, Japan, South Korea, Germany, UK, Norway, Sweden and Denmark.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/nitrile-butadiene-rubber-market.html

http://www.transparencymarketresearch.com/biofuel-enzymes-market.html

http://www.transparencymarketresearch.com/global-oleochemicals-market.html

http://www.transparencymarketresearch.com/butanediol-butadiene-and-mek-market.html

http://www.transparencymarketresearch.com/water-treatment-chemicals-market.html

Key participants in the fuel cells market include Fuel Cell Energy, Ballard, Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation.

This research analyzes and estimates the performance and demand of fuel cells in the global scenario. The research provides detailed trend analysis of the fuel cells market, demand by geography and detailed analysis of companies that are dealing in fuel cells. The report covers all the major segment types of the fuel cells market and provides statistically refined forecast and historical data for the segments covered. The report presents a comprehensive assessment of the strategies followed by different stakeholders by segmenting the fuel cells market as below:

  • Global Fuel Cells market, by fuel
    • Hydrogen
    • Natural Gas
    • Methanol

  • Global Fuel Cells market, by product
    • Proton Exchange Membrane Fuel Cell (PEMFC)
    • Direct Methanol Fuel Cell (DMFC)
    • Phosphoric Acid Fuel Cell (PAFC)
    • Solid Oxide Fuel Cell (SOFC)
    • Molten Carbonate Fuel Cell (MCFC)
    • Alkaline Fuel Cell (AFC)

  • Global Fuel Cells market, by application
    • Stationary
    • Transportation
    • Portable

  • Global Fuel Cells market, by geography
    • North America
  • U.S.
  • Canada
    • Europe
  • Germany
  • U.K.
  • Denmark
  • Norway
  • Sweden
    • Asia-Pacific
  • Japan
  • South Korea
    • Rest of the World (RoW)

Browse all Energy Industry Research Reports @ http://www.transparencymarketresearch.com/energy-market-reports-3.html

Upcoming Reports in Energy Market

Solid Oxide Fuel Cells

Solar Photovoltaic Market

Waste Derived Biogas Market

Photovoltaics Market

Distributed Energy Generation Market

Waste To Energy Market

Biogas Upgrading Market

Naphtha Market

Alternative Fuels Market

Thin Film Photovoltaics Market

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Visit: http://de.transparencymarketresearch.com/
Visit: http://www.transparencymarketresearch.com/
Visit: http://www.marketresearch.name/

SOURCE Transparency Market Research



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.