Ballard Power Systems, FuelCell Energy Inc. and Hydrogenics Corp. are three key vendors highlighted in a new Technavio report
London, 15 May 2015 – Technavio has published a new report on the global proton electrode membrane fuel cell (PEMFC) market, which is expected to grow at a CAGR of nearly 27% from 2015-2019.
PEMFC market segmentation by application and key vendors
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown on the basis of application, which includes stationary, and portable technology, as well as the transportation segment.
In addition, the report presents the vendor landscape and a corresponding detailed analysis of the five major vendors in the global PEMFC market. It also discusses the key drivers influencing market growth, and examines the challenges faced by vendors and the market as a whole.
The global PEMFC market is characterized by the presence of a large number of vendors like Ballard Power Systems, FuelCell Energy, Hydrogenics, Plug Power and Protonex Technology.
“Huge amounts are being spent on R&D on PEMFCs. Many universities and governmental organizations are engaged in this research and in demonstration projects of such new technologies,” says Faisal Ghaus, Vice President of Technavio.
PEMFC: Market scope and calculation of market size
This report covers the present scenario and the growth prospects for global PEMFC market from 2015-2019. To calculate the market size, the report considers the unit and megawatt (MW) shipments of PEMFC.
Industry analysis includes:
Key Vendors:
- Ballard Power Systems
- FuelCell Energy Inc.
- Hydrogenics Corp.
- Plug Power
- Protonex Technology Corp.
Market Growth Drivers:
- Abundant Energy Sources and Emerging Applications
- Development of Hydrogen Infrastructure
Market Challenges:
- Functional Issues
- Governmental Budget Cuts
Market Trends:
- Increased Investment in R&D
- Reduction in PEMFC Prices
View the Global PEMFC Market report.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
