San Francisco, California (PRWEB) August 27, 2014
Global fuel cell capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years. In addition, favorable regulatory scenario owing to shift in focus towards developing renewable energy is also expected to boost the global fuel cell market over the forecast period. However, high switching cost and lack of infrastructure in developing countries are identified as major restraints to the market.
The report “Fuel Cell Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/fuel-cell-market.
Request Free Sample of This Report at http://www.grandviewresearch.com/industry-analysis/fuel-cell-market/request
Further key findings from the study suggest:
Browse All Reports of This Category by Grand View Research at http://www.grandviewresearch.com/industry/renewable-energy
For the purpose of this study, Grand View Research has segmented the global fuel cell market on the basis of product, application and region:
Regional coverage of the database includes:
• North America
Browse All Ongoing Reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
Corporate Sales Specialist, USA
Grand View Research, Inc
Toll Free: 1-888-202-9519
Related Reports by Grand View Research
Solar PV Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/solar-pv-industry
The global installed capacity for solar PV is expected to reach 489.8 GW by 2020, according to a new study by Grand View Research, Inc. Growing push for sustainability has led to increased focus on renewable energy forms such as solar PV.