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New report on Fuel cells are devices that convert chemical energy into electrical energy through series of chemical reactions. Total investment through venture capital and private equity investment in fuel cell companies in US accounted to $389.4 million between 2009 and 2011. Increase in need for zero emission energy sources and environmental awareness are driving the fuel cell market. More than 34 companies produced 30 plus MW of stationary power in 2011. The total shipment of fuel cells increased approximately from 16,000 units in 2010 to 22,000 unit in 2011. High cost of fuel cells and cost associated with infrastructure establishment are barriers for the growth of this market,
Hydrogen market, a segment of fuel cell market, has great potential as compared to other segments such as biogas, natural gas, methanol and hydrocarbons. Global fuel cell market is expecting revolutionary development that reduces the cost of infrastructure and other resources. This report provides recent development occurred in fuel cell market and expected future for its growth.
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Key market players included are AFC Energy PLC, Ballard, Power Systems Inc., Bloom Energy Corp., Ceramic Fuel Cells Limited, Ceres Power Holdings Plc, Clearedge Power, Fuel cell Energy, Genport SRL, GS Caltex, Horizon Fuel Cell Technologies
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GLOBAL MARKET, BY APPLICATIONS
GLOBAL MARKET, BY TYPES/TECHNOLOGIES
GLOBAL MARKET, BY TYPE FUELS:
GLOBAL MARKET, BY GEOGRAPHY
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