Fuel Cell Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Fuel Cell Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And

Forecasts, 2012 To 2020

Conventional energy resources such as fossil fuels reserves depletion is expected to boost the global fuel

cell market demand over the next five years. Fuel cell devices convert chemical energy into electricity

through a chemical reaction within the device. The process requires an oxidizing agent which acts as a

catalyst to propagate the reaction and uses hydrogen as primary feedstock.

Conventional electricity generation processes utilize fossil fuels as primary feedstock is facing uncertain

raw material supply owing to reserves depletion, whereas fuel cell utilizes hydrogen which is available in

abundant quantity. This key factor is anticipated to drive the fuel cell market growth over the forecast

period. Fuel cell gained acceptance worldwide due to eco-friendly nature as their product only consists

of nitrous oxide which is projected to witness a significant market growth over the foreseeable future.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Fuel cells lack noise creation while electricity generation process as compared to conventional methods

which create lots of noise due to moving parts during combustion process. This is anticipated to spur the

fuel cell market growth over the next five years. Fuel cell based electricity generation facilities generates

one ounce of pollutants to produce 1000 KWH of electricity whereas fossil fuel based electricity facilities

creates 25 pounds of pollutants to generate same amount of electricity. The product provides most

efficient power back owing to wide range of operating time and can be installed in several types of

devices including refrigerators.

Various nations such as Denmark, Finland and Norway have...