Friday 1 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Fuel Cell Market in North America: Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell, FuelCell Energy, Inc. and Hydrogenics Corporation
Other Prominent Vendors in the market are: Acumentrics SOFC, Altergy Systems, CSA Group, DDI Energy, Delphi Automotive Systems, ElectroChem, Nuvera Fuel Cells, Oorja Protonics, Plug Power, Protonex Technology Corporation and Relion
The report said: “Increased investments in R&D are one of the key trends being witnessed in this market. Many universities and government organizations are engaged in research and demonstration projects of new technologies in the industry.”
According to the report, abundant energy sources and emerging applications are a major factor driving the Fuel Cell market in North America. 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 Fuel Cell market in North America. 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.