In 2013 the global fuel cell sector posted revenue of $1.8B.
Edinburgh, UK (PRWEB) September 24, 2014
• New study published on the trend in the fuel cell industry
- Review outlines growing trends and changes in the sector
The first Fuel Cell Annual Review has been launched by 4th Energy Wave, an innovative start-up company that works with stakeholders looking to identify and leverage opportunities in the fuel cell sector, with the intention of providing accurate data as collected first-hand from leaders in the industry.
Utilising data visualisation graphics, the downloadable report allows viewers to “see” the trends evolving and changing in the fuel cell world. The free report, which covers historical information up to the end of 2013, is located at http://www.4thenergywave.co.uk/annual-review/.
According to statistics of the Fuel Cell Annual Review report, growth in this sector has been slow, but two new strong drivers for change have emerged in the form of resilience and future-proofing which are creating a dynamic that is pushing the fuel cell market towards profitability.
Future-proofing in particular has been one of the primary drivers as companies with what is known as “long lead cycles” concern themselves with four to ten years out – way beyond the next election cycle where they would be able to see what risks they face from future legislation, market trends and more.
“The fuel cell industry has been riddled with many false dawns and new beginnings, so understanding the actual data is critical” says Dr. Kerry-Ann Adamson, CEO of 4th Energy Wave. “That’s what the Fuel Cell Annual Review is all about; we need to get into the year-after-year trends so people can see in which areas the sector is changing and growing.”
One of the primary focuses of the Fuel Cell Annual Review is a study on the Fuel Cell Industry Structure for 2013.
Based on 4th Energy Wave’s statistics, the “global stack” and system fuel cell sector was comprised of 182 companies, with 37-percent of the industry headquartered in Europe, 24-percent in North America and 39-percent in the Asia Pacific region.
Of all, Europe boasts the highest number of companies developing fuel cell stacks, with 34 out of the 67 identified companies either working exclusively on stack development or having an internal stack development programme alongside its system development.
More statistical information can be obtained by downloading the digital version of the report at http://www.4thenergywave.co.uk/annual-review/ while 4th Energy Wave company information can be found at http://www.4thenergywave.co.uk.
For more information, photography or interviews, please contact Dr Kerry-Ann Adamson (Director of 4th Energy Wave) on Kerry-ann(at)4thenergywave(dot)com.