Traditional Underground and Next-Generation CAES Technologies: Global Market Analysis and Forecasts
The increased focus on creating resilient, distributed energy systems is driving a modest growth spurt in the global fuel cell industry. The industry broke the $1 billion mark in revenue from the sale of fuel cell systems in 2012, on shipments of 124 MW, up 40 MW from 2011. Although the stationary sector continues to be the industry powerhouse, the transportation sector is picking up in terms of volume, as well.
Drivers for adoption of fuel cell technology in stationary, portable, and transportation sectors range from macro trends down to highly localized developments. At the high level, the three most important influences on the rate of adoption of fuel cell systems are the requirement for more resilient energy systems, the cost of diesel fuel, and government policies. The last factor will continue to largely determine the market's direction over the next 5 years.
This Navigant Research report provides a global analysis of developments in the fuel cell industry from a quantitative and qualitative perspective. In addition to in-depth analyses of capacity shipped, fuel used, and electrolyte adoption rates, the study also includes a special section on hydrogen demand and production. The report also profiles 30 key companies in the stationary, portable, and transportation fuel cell segments, and a forecast of worldwide fuel cell adoption extends through 2018.