TechNavio today published its report Global Fuel Cell Market 2010“2014 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision-makers™ understanding of the key trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said, In the US, more than 620 laboratories and companies are investing US$1 billion per year in the Fuel Cell industry. This is mainly because of the monetary and economic benefits achieved through the use of fuel cells, which is a major motive behind the increasing investment in fuel cells. This had led to a reduction of CO2 emissions by 8,000 metric tons annually and also reduced the utility bill by US$600,000 in a year.
According to the report, several new techniques have emerged to reduce the price of fuel cells, having a positive impact on the market. Moreover, rejected energy, the waste heat of fuel cells, can be arrested if fuel cells are established close to their point of use. This method of generating heat and electricity from fuel cells is known as fuel cell co-generation, which can reduce energy service costs for large building systems by 20“40 percent.
The report also discusses that one of the main challenges that the Global Fuel Cell market is facing is lack of proper support infrastructure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-fuel-cell-market-2010-2014
Follow us on Twitter @Technavio
TechNavio Announces the Publication of its Report – Global Fuel Cell Market 2010-2014
