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Global Stationary Fuel Cells Market
GlobalData, June 2009, Pages: 20
Global Stationary Fuel Cells Market
Summary
The demand for eco-friendly low-maintenance energy storage solutions with long life spans has resulted in the creation of a $193.64 million market for stationary fuel cells in the world. The global stationary fuel cells market, largely dominated by the US, Japan and South Korea, is expected to expand with increasing interest in other nations. While the need to replace lead acid batteries with a non-toxic-substance-based storage solution drives fuel cells uptake in developed markets such as the US and Japan, the demand for low-maintenance long back-up storage solutions drives technology adoption in developing nations. Regulatory push for clean technology by the Obama administration is expected to boost the US stationary fuel cells market. Volume sales and R&D initiatives resulting from increased investment due to regulatory support are expected to accelerate price fall and commercialization of fuel cells. Nevertheless, mass adoption of fuel cells is expected to be prevented by the lack of infrastructure for supporting market development and to certain extend, by technological limitations of the technology.
Scope
- GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to buy
- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry. - Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today - Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry - Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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