San Francisco, California (PRWEB) May 21, 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.
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Further key findings from the study suggest:
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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
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