FUEL CELL MARKETS TO VARY, GROW

Fuel Cells Annual Report 2014; Stationary, Portable, and Transportation Fuel Cell Sectors: 2013 and 2014 Global Market Developments

4Q 2014 (Navigant Research)

“During 2013 and 2014, [driven by a shift toward distributed generation (DG)] the fuel cell market continued to see the greatest demand from stationary applications, including utility-scale fuel cells, fuel cells for industrial and commercial buildings, and fuel cells for residential power. These markets are still very location-specific. Japan is focusing primarily on residential units, while North America and South Korea have adopted the larger fuel cell systems. Backup power is a market mainly in North America, but also in emerging economies – especially in Southeast Asia…As a result, Navigant Research expects the stationary sector to have the strongest global potential within the fuel cell market in terms of fuel cell systems shipped. The transportation sector has the potential to lead in terms of fuel cell capacity shipped, as fuel cell vehicles (FCVs) are expected to take off in the 2020 timeframe…” click here for more

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