The report titled "Fuel Cells Market (PEMFC, MCFC, PAFC, SOFC, DMFC & Others) – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2012 – 2018" highlights that the global fuel cells demand is expected growing at a CAGR of 15% 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 future market. Japan and South Korea dominate the Asia-Pacific market revenue for fuel cells.
Key participants in the fuel cells market include Fuel Cell Energy, Ballard, Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation.
PEMFC or Proton Exchange Membrane Fuel Cell is the technology that has a major share in the fuel cells market in terms of revenue while Molten Carbonate Fuel Cells or MCFC are the next biggest forerunners. Both technologies are expected to grow at a CAGR of 11.5% and 17.8% respectively from 2013 to 2018. The technologies also accounted for 46.3% ( PEMFC) and 39.2% (MCFC) of total demand in 2011 in terms of MW.
Transparency Market Research however states that by 2018 MCFC is likely to overtake the PEMFC market due to the increasing market for stationary fuel cell systems. The low operating temperatures and high power density make PEMFC attractive.
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.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.