Fuel Cell Technology Market would be worth $2.5 Billion By 2018

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					     Fuel Cell Technology Market worth $2.5
                 Billion By 2018.

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 fuel cell market with analysis and forecast of the global revenue.
Fuel cell 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.

Browse 119 market data tables with 27 figures spread through 246 pages and in-depth TOC on
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.


      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. 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 fuel cell global 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

Hydrogen is the largest primary fuel source for the fuel cells across the globe with more than half
of the market share. On the other hand, Natural gas/Methane and Methanol are gaining a sharp
focus as a renewable energy generation source. North America and Asia represents a huge
potential in terms of hydrogen as a fuel. Fuel cell companies are continuously trying to develop
technologies in order to provide a more cost effective catalyst, which in turn helps them to
commercialize and launch products in market. On account of hydrogen & fuel cell technology
infrastructure development for storage & distribution, the fuel cell market will experience a
tremendous increase in demand in the years to come.

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DOCUMENT INFO
Description: [246 Pages Report] Fuel Cell Technology Market Report categorizes the Global Market By Applications (Portable, Transport, Stationary), Types (Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel Cell, PAFC, MCFC), By Fuel (Natural Gas, Methanol, Hydrogen, Anaerobic Digester Gas) & by Geography. 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.