Dallas, Texas (PRWEB) June 29, 2015
The Global Fuel Cell Market 2015-2019 report analysis, several new techniques have reduced the price of fuel cells, which exerts a positive influence on the fuel cell market worldwide. For instance, several fuel manufacturing companies in the US are reducing the amount of platinum used in fuel cells. This has resulted in a reduction of fuel cell prices of up to 40%. The report analyzes the solutions and products offered by market vendors and presents a comprehensive breakdown of the market by application, including stationary, portable, and transportation.
The Global Fuel Cell Market 2015-2019 report is about 118 pages and provides 53 Exhibits. Browse the report at http://www.reportsnreports.com/reports/402953-global-fuel-cell-market-2015-2019.html. Ballard Power Systems Inc., Bloom Energy Corp., and Doosan Fuel Cell are three key vendors highlighted in a new report.
The analysts forecast global fuel cell market to grow at CAGRs of 30.40% and 31.91% in terms of unit shipment and MW shipment, respectively, over the period 2014-2019. According to the report, abundant energy sources and emerging applications are major factors driving the global fuel cell market. Hydrogen is used in stationary fuel cells as it is the lightest, most abundant chemical in the universe.
The following companies are the key players in the Global Fuel Cell Market: Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell, Fuelcell Energy Inc. and Hydrogenics Corporation.
Other Prominent Vendors in the market are: ACAL Energy, Acumentrics, Altergy Systems, Aquafairy, Baxi Innotech, Bing Energy, Bosch Thermotechnology, Danthem Power, DDI Energy, Delphi Automotive Systems, Elcore, Electro Power Systems, EnergyOr, H2 Logic, Heliocentrics, Infinitium Fuel Cell Systems, Intelligent Energy, Novofuel, Nuvera Fuel Cell, Oorja Protonics, Proton Motor, ReliOn, Symbio FCell and Watt Fuel Cell.
Market growth drivers:
- Development of hydrogen infrastructure
- Shift toward green energy
Purchase a Copy of http://www.reportsnreports.com/Purchase.aspx?name=402953.
- Functional issues
- Lack of adequate skills for design and development
- Increased investment in R&D
- Reduction in fuel cell prices
Further, the report states that Functional issues and the technologies related to fuel cell applications comprise challenges that hinder the growth of the global fuel cell market. Current compressor technologies are not suitable for fuel cell applications, which make air management difficult.
Other Related Reports on Fuel Cell :
Global PEMFC (Proton Exchange Membrane Fuel Cells) Market 2015-2019 (http://www.reportsnreports.com/reports/396037-global-pemfc-proton-exchange-membrane-fuel-cells-market-2015-2019.html): The analysts forecast global PEMFC market to grow at a CAGR of 26.67 in terms of unit shipment and at 19.74% in terms of MW shipment over the period 2014-2019.
PEMFC are devices that generate electricity through an electrochemical process involving oxidation of electrolytes placed between the anode and the cathode. Fuel cells are generally categorized based on the type of electrolyte used. PEMFC use an acidic water-based polymer membrane with platinum-based electrodes. It operates at low temperatures and caters effectively to dynamic power requirements. The chemical source of PEMFC, which is hydrogen, needs to be extremely pure because of its operating temperature and use of precious metal-based electrodes. PEMFC is a fuel-cell technology that is used extensively in light duty and material handling vehicles.
Key Vendors: Ballard Power Systems, Fuelcell Energy, Hydrogenics, Plug Power and Protonex
Other Prominent Vendors: Altergy Systems, ElectroChem, FKK, Horizon Fuel Cell Technologies, Johnson Matthey Fuel Cells, Microgrid Solar, Nedstack PEM Fuel Cells, Nuvera Fuel Cells, Oorja Protonics, Relion , SerEnergy , Shanghai EverPower Technologies, Sunrise Power and Toho Gas.
Market Driver: Abundant energy sources and emerging applications
Market Challenge: Functional issues
Market Trend: Increased investments in R&D
Fuel Cell Market in North America 2015-2019 (http://www.reportsnreports.com/reports/365985-fuel-cell-market-in-north-america-2015-2019.html): The analysts forecast Fuel Cell North America market to grow at a CAGR of 33.14% in terms of unit shipment and at 38.59 percent in terms of MW shipment over the period 2014-2019. The Fuel Cell North America market can be divided into the following segments on the basis of application: Stationary, Portable, and Transportation. Based on fuel cell type, the market can be categorized into the following segments: PEMFC, SOFC, DMFC, PAFC, AFC, and MCFC.
Key Vendors: Ballard Power Systems, Bloom Energy, Doosan Fuel Cell, Fuelcell Energy and Hydrogenics
Other Prominent Vendors: Acumentrics SOFC, Altergy Systems, CSA Group, DDI Energy ,Delphi Automotive Systems, ElectroChem, Nuvera Fuel Cells, Oorja Protonics, Plug Power, Protonex Technology and Relion.
Market Driver: Abundant Energy Sources and Emerging Applications
Market Challenge: Functional Issues
Market Trend: Increased Investments in R&D
ReportsnReports.com is an online market research reports library of 500,000+ reports and in-depth studies of 5000+ micro markets. Call +1 888 391 5441 with your industry research requirements or email, the details on sales at reportsandreports.com.