Global Fuel Cells Market is Expected to Reach USD 910.3 Million in 2018: Transparency Market Research

   Global Fuel Cells Market is Expected to Reach USD 910.3 Million in 2018:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, January 16, 2013

ALBANY, New York, January 16, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( ) " Fuel Cells Market (PEMFC, MCFC,
PAFC, SOFC, DMFC & Others)-Global Industry Analysis, Size, Share, Trends,
Analysis, Growth and Forecast, 2012-2018 ," the global fuel cells demand was
worth USD 355.3 million in 2011 and is estimated to reach USD 910.3 million in
2018, growing at a CAGR of 15.0% 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 market in the near future.

Browse the full report at

The fuel cells market by product type is majorly covered by PEMFC (Proton
Exchange Membrane Fuel Cell) in terms of revenue followed by MCFC (Molten
Carbonate Fuel Cell). PEMFC and MCFC are expected to grow at a CAGR of 11.5%
and 17.8% respectively from 2013 to 2018. In terms of power (MW), PEMFC and
MCFC again dominated the market, accounting for 46.3% and 39.2% of total
demand in 2011 respectively. However, by 2018, MCFC is likely to overtake
PEMFC market owing to the increasing market of stationary fuel cell systems.
PEMFC is used in a wide variety of applications including forklifts,
automobiles, telecommunications, data centers, primary and backup power
systems owing to its relatively low operating temperature and high power
density. MCFC fuel cells are mainly used for stationary power generation and
CHP applications, and are available as commercial products.

Related & Recently Published Reports by Transparency Market Research

Fuel cells are currently more dominant in the North America due to regulatory
support and technological innovation push in recent times. U.S. is expected to
emerge as one of the biggest markets for fuel cell vehicles by 2018.
Asia-Pacific is the other major region where the fuel cells market is very
strong with demand expected to grow at a CAGR of about 12% from 2013 to 2018.
In Asia-Pacific, Japan and South Korea dominate the market revenue for fuel
cells. Europe is expected to grow at the highest rate among these three major
regions, driven primarily by regulatory policies pushing for sustainability
and is expected to cover a substantial part of the market by 2018. With
regional coverage, the study also provides comprehensive market data on key
countries such as U.S., Canada, Japan, South Korea, Germany, UK, Norway,
Sweden and Denmark.

Related & Recently Published Reports by Transparency Market Research

Key participants in the fuel cells market include Fuel Cell Energy, Ballard,
Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation.

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. The report covers all the major segment types of
the fuel cells market and provides statistically refined forecast and
historical data for the segments covered. The report presents a comprehensive
assessment of the strategies followed by different stakeholders by segmenting
the fuel cells market as below:

  *Global Fuel Cells market, by fuel

       *Natural Gas

  *Global Fuel Cells market, by product

       *Proton Exchange Membrane Fuel Cell (PEMFC)
       *Direct Methanol Fuel Cell (DMFC)
       *Phosphoric Acid Fuel Cell (PAFC)
       *Solid Oxide Fuel Cell (SOFC)
       *Molten Carbonate Fuel Cell (MCFC)
       *Alkaline Fuel Cell (AFC)

  *Global Fuel Cells market, by application


  *Global Fuel Cells market, by geography

       *North America





  *South Korea

       *Rest of the World (RoW)

Browse all Energy Industry Research Reports @

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