Global Fuel Cell Power Shipment to be 2.5 times by 2013

The global fuel cell power shipment is expected to grow at a CAGR of around 58% during 2011-2013, RNCOS acknowledged.

Noida, India (prHWY.com) March 1, 2012 - The fuel cell industry has been growing exceptionally across the globe on back of industrial development and new proposed projects. According to a new research report by RNCOS, the global fuel cell power shipment is projected to reach 2.5 times of the current capacity by the end of 2013, driven by factors like best efficiency amongst energy sources, environment friendly operation and increasing demand in automobile and telecom sectors, among others. In terms of power shipment, the portable fuel cell segment is likely to post a high growth rate of nearly 80% during 2011-2013, followed by stationary and transportation segments.

While many consumer electronics companies like Apple and Intel are showing interest in the portable fuel cell segment, the growth in stationary fuel cell segment is being driven by developments in CHP and UPS market. The "Fuel Cell Industry Analysis" states that fuel cell technology witness huge demand from telecom sector and power generation and back-up sector. As telecom firms are installing numerous towers to serve the expanding subscriber base, their power requirements are rising. Besides, market for portable and transport fuel cells will grow stupendously as companies are looking to incorporate these in almost every sphere of human utility.

The comprehensive research report, which contains quality research, in-depth analysis, and authentic statistics relating to the global fuel cell industry, studies the emerging trends, recent developments, and their impact on the market. Transport, stationary, and portable fuel cells are the major segments by applications, which have been covered in the report. A complete analysis and forecast for each segment, in terms of volume and power shipments, have been presented in the study that looks into R&D activities and recent patents in the fuel cell technology. The report aims at providing an unbiased picture of the global fuel cell industry to clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM102.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: fuel cell industry

Categories: Energy

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