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Fuel Cell Technology Market Worth $2.5 Billion By 2018

DALLAS, June 20, 2013 /PRNewswire/ --

The Report " Fuel Cell Technology Market by Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) & Geography - Global Trends and Forecast to 2018" defines and segments the Global Market with analysis and forecast of the global revenue. The Fuel Cell Technology Market will grow from an estimated $629.8 million in 2013 to $2,543.1 million by 2018, with a CAGR of 32.2% from 2013 to 2018.

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  • 119 Market Data Tables
  • 27 Figures
  • 246 Pages and an in-depth Table of Contents on "Fuel Cell Technology Market"

http://www.marketsandmarkets.com/Market-Reports/fuel-cell-market-348.html

Early buyers will receive 10% customization on this report.

Asia: The Largest Market for Fuel Cell Technology

Asia is the biggest market for green technologies and governments there are fixing renewable energy targets backed by favorable policies such as the Kyoto Protocol. The potential markets in Asia are Japan and South Korea. The Asian region is the largest end user market for stationary fuel cells and is expected to continue with the same trend. The revenue trend estimates Asia dominating followed by North America and Europe.

Stationary Market: Biggest Market by Applications

In the current Global Fuel Cell Technology Market, the stationary applications are the key application on the basis of market size and revenues. The demand is projected to increase heavily due to the increased power backup and household demand. Telecom, automobile and power backup industry acts as the parent market of fuel cell industry. Its growth and demand is highly influenced by the parent market. Off grid applications like providing backup power for telecommunication infrastructure is provided by the fuel cells. For stationary applications use of Solid Oxide Fuel Cell (SOFC) and Molten Carbonate Fuel Cell (MCFC) will grow more than PEMFC.

Hydrogen leads as a Primary Fuel for Fuel Cell Technology

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