Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Increasing Acceptability and Falling Costs to Drive the Market for Fuel Cells
* Required Fields
Pay by invoice
Fuel cells are expected to see significant growth over the next decade, as countries move toward cleaner power to diversify their power mix away from fossil fuels. The market is expected to witness steady growth due to the construction and installation of fuel cell power by companies along with the declining cost of new/existing technologies, leading to increasing installation rates across the globe. North America, led by the US, and Asia, led by Japan and China in the future, are expanding their fuel cell power capacity to introduce the next-generation of energy technology into their economies, increase power generation efficiency, and reduce the opex cost of existing facilities. Frost & Sullivan has given three scenarios in which we provide an optimistic, base, and pessimistic cases for the fuel cell market. We have done this because of the challenging nature of forecasting this nascent industry. In the optimistic case scenario, we are forecasting market growth to 1,500 MW by 2030, whereas in the base case and pessimistic cases, we see the market growing to 612 MW and 315 MW, respectively, in 2030 from 214 MW in 2017. The continuation of government subsidies and the emergence of newer chemistries are expected to lead to a reduction in the overall capex costs. This leads to increasing investment by governments and companies alike.The key market trends have been analyzed for the study period (2017–2030), with the base year being 2018. The study covers North America, Europe, and Asia. The study assesses the latest technologies across the globe and discusses the various price points and features of these technologies. Fierce competition is expected, especially in Asia, from the Japanese, Chinese, and US participants that compete with cheaper and quality products. Some of the companies featured in this study are Bloom Energy, GenCell, Plug Power, and FuelCell Energy.
Key Issues Addressed
Frost Radar in the Global LED Lighting Market
Trends Affecting the North American Diesel Generator Set Market, Forecast to 2022
Global Generator Set Database Compendium, Forecast to 2021
Indian Low Voltage (LV) Switchgear Market, Forecast to 2021
Latin America Generator Set Market, Forecast to 2021
Evolving Trends in the Global Power Rental Market, Forecast to 2021
Indian Electricity Meters Market, Forecast to 2022
Turkish Generator Sets Market, Forecast to 2021
Chinese Generator Set Market, Forecast to 2021
North American Variable Refrigerant Flow Systems Market, Forecast to 2022
commercial aircraft market forecast
alternative energy market
natural gas market
augmented reality market
smart wearables market
electric car market
cyber security market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.