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Fuel Cell Market Analysis Wholesale Julius Randle Jersey , Size, Share, Growth To 2020 by Grand View Research, Inc. Business Articles | March 3, 2016

New Market Research Reports Title “Fuel Cell Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Report Database



Global fuel cell capacity is expected to reach 664.5 MW by 2020 Wholesale Brandon Ingram Jersey , growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years.


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In addition, favorable regulatory scenario owing to shift in focus towards developing renewable energy is also expected to boost the global fuel cell market over the forecast period. However, high switching cost and lack of infrastructure in developing countries are identified as major restraints to the market.


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Further key findings from the study suggest:

Global fuel cell shipments were 50,050 units in 2013 and are expected to reach 790,450 units by 2020 Wholesale Brook Lopez Jersey , growing at a CAGR of 49.1% from 2014 to 2020. PEMFC emerged as the leading product segment in the overall market and accounted for 88.6% of total units shipped and 42.8% of total capacity in 2013. However, MCFC is expected to be the fastest growing product segment for fuel cell at an estimated CAGR of 56.6% from 2014 to 2020. Portable applications dominated the global application market for fuel cells, accounting for 71.2% of total unit shipments in 2013. However, in terms of capacity, stationary applications emerged as the leading application market and accounted for 58.1% of total capacity installed in 2013. North America emerged as the leading consumer for fuel cell in terms of installed capacity and accounted for 42.5% of total capacity in 2013. In terms of total unit shipments Wholesale Tyler Ennis Jersey , Asia Pacific emerged as the leading consumer and accounted for 36.9% of total market in 2013. However, North America is expected to surpass Asia Pacific to become the largest market for fuel cell both in terms of unit shipments and capacity by 2020. The global market is highly concentrated with top four participants catering to over 70% of global demand. The market is dominated by companies such as Fuel Cell Energy, Ballard, Clearedge and Toshiba. Some of other companies operating in the global market include, Panasonic Wholesale Luol Deng Jersey , Plug Power Inc. and Hydrogenics Corporation.

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For the purpose of this study, Grand View Research has segmented the global fuel cell market on the basis of product, application and region:

Fuel Cell Product Outlook (Unit Shipment; Revenue, USD Million; Capacity, MW; 2012-2020)
? ? ? ? • PEMFC
? ? ? ??• DMFC
? ? ? ??• PAFC
? ? ? ??• SOFC
? ? ? ???• MCFC
? ? ? ??• AFC
? ? ? ??• Others
• Fuel Cell Application Outlook (Unit Shipment; Capacity Wholesale Timofey Mozgov Jersey , MW; 2012-2020)
? ? ? ??• Stationary
? ? ? ??• Portable
? ? ? ??• Transportation

Regional coverage of the database includes:
? ? ? ??• North America
? ? ? ??• Europe
? ? ? ??• Asia-Pacific
? ? ? ??• RoW


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