DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fuel Cell Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.
The global fuel cell market is expected to grow with the CAGR of approximately 17.5% during the forecast period (2016-2023).
The market growth is primarily driven due to increasing demand for unconventional energy sources, rising public-private partnership, increasing demand for combined heat & power systems and innovations in fuel cell technologies. Hydrogen and fuel cell technology is expected to play vital role in the energy supply and mobility. To ensure further advancement of such technologies, government, science and industry started a strategic alliance known as National Innovation Programme (NIP) for Hydrogen and Fuel Cell Technology. NIP is planned to accelerate the market preparation process of products which is based on the future-oriented technology.
Geographically, North America occupied major share in terms of revenue in 2016 due to high government support to reduce Co2 emissions. However, Asia Pacific is expected to be the fastest growing due to increasing demand for clean energy in the region. The presence of major companies such as General Electric Corporation (U.S.), Hitachi, Ltd. (Japan), Panasonic Corporation (Japan), SFC Energy (Germany), Toyota Motor Corporation (Japan) etc. are creating opportunity for high innovations for fuel cells in near future.
The global fuel cell market is segmented on the basis of application and technology.
- AFC Energy Plc (Uk)
- Aisin Seiki Co., Ltd. (Japan)
- Ballard Power Systems Inc. (Canada)
- Bloom Energy (U.S.)
- Ceres Power Holdings Plc (Uk)
- Exxonmobil Corporation (U.S.)
- Fuelcell Energy, Inc. (U.S.)
- General Electric Corporation (U.S.)
- Hitachi, Ltd. (Japan)
- Hydrogenics Corporation (Canada)
- Panasonic Corporation (Japan)
- Plug Power Inc. (U.S.)
- SFC Energy Ag (Germany)
- Toshiba Corporation (Japan)
- Toyota Motor Corporation (Japan)
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/vj9zm5/global_fuel_cell