European Fuel Cell Market Revenue Estimated To Reach $613.7 Million By 2018
Fuel cells convert chemical energy into electrical energy through an electromechanical reaction - like a battery. The only difference is that the fuel is supplied from outside, thereby making the fuel cell feel like an engine converting fuel into electricity without burning it. Fuel cells are of different types such as proton exchange membrane (PEM), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC) and many more differentiated options based on the components used and the type of reaction taking place within the cell. A variety of fuels can be used such as hydrogen, methanol, biogas, natural gas, and hydrocarbons. When working with hydrogen, fuel cells generate water as an outcome and give electricity with zero emission. Fuel cells are gaining importance as the demand for clean energy is increasing and due to the continuous depletion of oil and gas reserves. Furthermore, the focus is shifting towards renewable energy which is backed by governments and companies throughout Europe.
Major factors responsible for the growth of the fuel cell market include the ability of fuel cells in stationary, portable and transportation applications as a source of off grid power source, zero emission and clean energy source and continuous depletion of existing oil reserves makes. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells and the establishment of fuel cell infrastructure.
The report classifies and defines revenue for the fuel cell industry. It covers qualitative data relating to fuel cell technologies used in various applications. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the fuel cell market. Key players in the industry are profiled in detail with their recent developments.
Key Topics Covered
2 Executive Summary
3 Premium Insights
3.1 Germany Dominating European Market
3.2 Germany Lead Market, By Capacity
3.3 Germany Holding Major Share, By Unit Shipments
3.4 Stationary And Portable Major Fuel Cell Applications
3.5 PEMFC & MCFC Dominate Market By Capacity While DMFC, PAFC & SOFC Show Towering Growth
3.6 PEMFC Dominating The Fuel Cell Market
3.7 Hydrogen - Most Effective Fuel
4 Market Overview
5 European Fuel Cell Market, By Applications
5.2 European Fuel Cell Market- By Applications
5.3 Stationary Applications Market
5.4 Transportation Applications Market
5.5 Portable Applications Market
6 European Fuel Cell Market- By Country
6.1 Market Overview
6.3 United Kingdom
6.4 Rest Of Europe
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