Monday 29 June 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Fuel Cell Market: Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell, Fuelcell Energy Inc. and Hydrogenics Corporation
Other Prominent Vendors in the market are: ACAL Energy, Acumentrics, Altergy Systems, Aquafairy, Baxi Innotech, Bing Energy, Bosch Thermotechnology, Danthem Power, DDI Energy, Delphi Automotive Systems, Elcore, Electro Power Systems, EnergyOr, H2 Logic, Heliocentrics, Infinitium Fuel Cell Systems, Intelligent Energy, Novofuel, Nuvera Fuel Cell, Oorja Protonics, Proton Motor, ReliOn, Symbio FCell and Watt Fuel Cell
Commenting on the report, an analyst said: “Several new techniques have reduced the price of fuel cells, which exerts a positive influence on the fuel cell market worldwide. For instance, several fuel manufacturing companies in the US are reducing the amount of platinum used in fuel cells. This has resulted in a reduction of fuel cell prices of up to 40%.”
According to the report, abundant energy sources and emerging applications are major factors driving the global fuel cell market. Hydrogen is used in stationary fuel cells as it is the lightest, most abundant chemical in the universe.
Further, the report states that Functional issues and the technologies related to fuel cell applications comprise challenges that hinder the growth of the global fuel cell market. Current compressor technologies are not suitable for fuel cell applications, which make air management difficult.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.