NEW YORK, Jan. 22, 2015 /PRNewswire/ -- During 2013 and 2014, the fuel cell market continued to see the greatest demand from stationary applications, including utility-scale fuel cells, fuel cells for industrial and commercial buildings, and fuel cells for residential power. These markets are still very location-specific. Japan is focusing primarily on residential units, while North America and South Korea have adopted the larger fuel cell systems. Backup power is a market mainly in North America, but also in emerging economies – especially in Southeast Asia.
Much of the interest in stationary fuel cells is driven by a shift toward distributed generation (DG), which has become the buzz phrase for the power sector. DG represents a shift away from the traditional centralized power generation model toward a more diverse and resilient grid infrastructure that includes widely dispersed and smaller generation power plants. Fuel cells fit neatly into the spectrum of technologies that support this movement. As a result, Navigant Research expects the stationary sector to have the strongest global potential within the fuel cell market in terms of fuel cell systems shipped. The transportation sector has the potential to lead in terms of fuel cell capacity shipped, as fuel cell vehicles (FCVs) are expected to take off in the 2020 timeframe.
This Navigant Research report provides a global analysis of major developments and trends in the fuel cell industry, with a focus on the stationary, portable, and transportation sectors. The study features an analysis of actual fuel cell systems and capacity shipped from 2010 to 2013, segmented by region, sector, application, electrolyte, and fuel type, as well as system revenue. Global market forecasts for fuel cell systems and capacity shipped and system revenue extend through 2023. The study also includes a special section on the growing interest in DG and profiles over 30 companies active in the global fuel cell industry.
Key Questions Addressed:
What have been the major trends in the global fuel cell industry in 2013 and 2014?
What is the current growth rate of the worldwide fuel cell industry by region and by sector?
What have been the leading applications in the stationary, portable, and transportation fuel cell sectors?
Which regions are leading in terms of manufacturing and in terms of revenue?
How is the shift toward distributed generation (DG) affecting the global fuel cell market?
What are the global prospects for the adoption of stationary, portable, and transportation fuel cells?
Who needs this report?
Fuel cell system and stack developer companies
Fuel cell component suppliers
Fuel cell vehicle (FCV) manufacturers
Energy storage vendors
Read the full report: http://www.reportlinker.com/p02404264-summary/view-report.html
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