More Than 28,000 Fuel Cell Systems Were Shipped in 2012, According to Navigant Research

  More Than 28,000 Fuel Cell Systems Were Shipped in 2012, According to
  Navigant Research

Business Wire

BOULDER, Colo. -- August 13, 2013

Driven by the increased worldwide focus on creating resilient, distributed
energy systems, the fuel cell industry is experiencing a modest growth spurt.
While the stationary sector continues to be the industry powerhouse, the
transportation sector is also seeing acceleration in volume. The industry
topped the $1 billion mark in revenue from the sale of fuel cell systems in
2012, according to a new report from Navigant Research, on shipments of 124
megawatts (MW), up 40 MW from 2011.

In all, more than 28,000 fuel cell systems were shipped in 2012, the study

“Rising interest in fuel cell technology, combined with new products reaching
the market and new policy mandates, indicates that 2012 was a pivotal year for
the fuel cell market,” says Kerry-Ann Adamson, research director with Navigant
Research. “Previously, the very survival of the industry was in question.
Today, in a number of ways, the fuel cell sector is stronger and healthier
than ever.”

New companies and new market segments emerged in 2012, but a number of
companies also disappeared from the market. The Navigant Research dataset
currently tracks 53 companies with commercial fuel cell products, including an
increased number of companies from China as well as new entrants in Europe.
The industry is moving to regionalized manufacturing, according to the report,
with smaller-scale manufacturing facilities being located closer to the
adoption markets.

The report, “Fuel Cells Annual Report 2013”, provides a global analysis of
developments in the fuel cell industry from both a quantitative and
qualitative perspective. In addition to in-depth analyses of capacity shipped,
fuel used, and electrolyte adoption rates, the study also includes a special
section on hydrogen demand and production. The report also profiles 30 key
companies in the stationary, portable, and transportation fuel cell segments,
and a forecast for worldwide fuel cell adoption extends through 2018. An
Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at

* The information contained in this press release concerning the report, “Fuel
Cells Annual Report 2013,” is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results may
differ materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies used to
create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.


Navigant Research
Richard Martin
Laverne Murach
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