Introduction of Innovative Technologies to Catalyze Commercialization of Fuel Cells in Japan

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c47943) has announced the addition of Frost & Sullivan's new report: Strategic Analysis of the Japanese Fuel Cell Markets to their offering.

“These systems can reduce annual average heating and electricity costs by $270 per household, as cogeneration can help them generate hot water along with electricity”

This Frost & Sullivan research service titled Strategic Analysis of the Japanese Fuel Cell Market provides an overview of the fuel cell markets in Japan with a complete analysis of the key market trends, challenges, drivers, and restraints. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: residential fuel cell systems, large stationary systems, fuel cells for portable devices, FCVs.

Technologies

The following technologies are covered in this research:

- Fuel cell types

- Methanol and hydrogen-based systems

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

- Residential systems

- Electronic devices

- Fuel cell vehicles

Introduction of Innovative Technologies to Catalyze Commercialization of Fuel Cells in Japan

Weighed down by rising pollution levels and the Kyoto Protocol, Japan is increasingly turning to fuel cells as an alternate form of green energy in several applications, most prominently in households. Nevertheless, market participants will have to offer attractive costs to speed up the process of commercialization. "Lack of proper technologies makes these systems expensive and existing technologies also make it infeasible for fuel cells to be used in portable micro devices," says the analyst of this research service. "Fuel cell systems have to be made more compact and efficient to make them compatible with electronic devices."

Newer technologies can facilitate commercial launches and greater customer acceptance for fuel systems, especially in portable devices and fuel cell vehicles (FCVs). Fuel cell companies could collaborate to develop inventive and affordable technologies, driving the uptake of their systems. Meanwhile, considerable government support and the enthusiasm shown by enterprises by readily partnering with both domestic and foreign companies to develop superior fuel cells are further aiding market growth.

Tremendous Fuel Efficiency Encourages Uptake of Fuel Cell Systems

The excellent fuel-efficiency of the systems has greatly contributed to their popularity. With cogeneration, fuel efficiency can be raised up from the current 40 percent to approximately 70 to 80 percent. In fact, this solution has helped residential fuel systems’ efficiency to touch 80 to 90 percent. "These systems can reduce annual average heating and electricity costs by $270 per household, as cogeneration can help them generate hot water along with electricity," notes the analyst. "The range of power generated by these systems varies between 300 W and 1 kW."

Meanwhile, stationary fuels markets are also expected to grow substantially. Automotive fuel cells also have great potential for expansion in FCVs, which are becoming hugely popular due to their emission-free nature. These vehicles are expected to number 5 million units in 2020 and 15 million in 2030, simultaneously driving adoption of fuel cells. Although FCVs are challenged by the popularity of electric cars, they could promote their significant advantages over the latter. For instance, they do not require time consuming recharging as electric cars do and their mileage could equal gasoline cars’ - a benefit that electric cars do not offer.

For more information visit http://www.researchandmarkets.com/reports/c47943