Market Forecast By Technologies (PEMFC, MCFC, PAFC, SOFC and DMFC), Applications (Portable, Stationary and Transportation) & Regions (South, West, Mid-West and North-East)
|Product Code: ETC000208||Publication Date: Oct 2014||Product Type: Report|
The United States Fuel cell market contributed the majority of revenue to the global Fuel cell market. The reason for the high dominance of the country can be attributed to the domestic manufacturing of fuel cells by various companies such as Ballard Power, Plug Power, and Proton Power systems.
According to 6Wresearch, the United States Fuel cell market is projected to reach $1.42 billion by 2019. The growth of the market would be majorly controlled by PEMFC Proton Exchange Membrane Fuel Cell (PEMFC), Molten Carbonate Fuel Cell (MCFC) technology. Conventional and Renewable fuel, zero emissions, flexible installations have led to the rapid adoption of PEMFC and MCFC technology systems in the country.
PEMFC technology dominates the market; however, during the forecast period MCFC technology is expected to overtake the PEMFC market with its growing adoption in transportation and consumer electronics applications. The MCFC technology is coming up with a cost-optimizing technique to reduce the emissions of fossil-fuelled powered plants, which would surge the demand in the United States.
United States fuel cell market is projected to gain momentum throughout the forecast period 2014-2019F backed by the rising substantial growth of the automotive sector. The increase in the production of automobiles especially passengers and commercial vehicles underpinned by the increasing domestic use increasing automobile export practices and also logistics sectors has been giving a boost to the transportation sector by increasing cargo transportation and the rising cab facility also act as the growth proliferating factor and is estimated to increase the significant demand for fuel cell due to its seamless features like more clean, energy-efficient and fuel flexible and is expected to surge the growth of the united states fuel cell market in the coming timeframe.
Key Features of the Report:
• Global Fuel Cell Market Revenue & Forecast until 2019.
• Market Revenues by Fuel Cell Technologies.
• Market Volume by Fuel Cell Technologies.
• Historical data of Fuel Cell Technologies for the Period 2010-2013.
• Market Revenue Size & Forecast for Fuel Cell Technologies until 2019.
• Market Volume Size & Forecast for Fuel Cell Technologies until 2019.
• Market Size & Forecast by Applications.
• Market Size & Forecast by Regions.
• Market Drivers and Restraints.
• Market Trends.
• Competitive Landscape.
• Key Strategic Pointers.