- The key vendors in the Fuel Cell Market in North America 2015-2019 are Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell, FuelCell Energy, Inc. and Hydrogenics Corporation
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Fuel Cell Market in North America 2015-2019. Increased investments in R&D are one of the key trends being witnessed in this market. Many universities and government organizations are engaged in research and demonstration projects of new technologies in the industry. The Fuel Cell market in North America is expected to grow at a CAGR of 33.14 percent in terms of unit shipments during 2014-2019.
Rising demand for fuel cell systems for stationary power is expected to drive unit shipments. The Transportation sector, which includes light vehicles, buses, airplanes, and material handling vehicles for ports and airports, is an important market for fuel cells.
“Several new techniques have reduced the price of fuel cells and thereby exerted a positive influence on the Fuel Cell market in North America,” says Faisal Ghaus, Vice President of Technavio Research.
“Higher production following various government grants is another reason for reduced fuel cell prices. This benefit, arising from mass production, is expected to be realized by 2015 and will drive the growth of the Fuel Cell market in North America.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
