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Press Release

US to Poise Strong Growth in Fuel Cell Market

The US is a leader in fuel cell technology, and home to many of the leading fuel cell manufacturers and component suppliers, says RNCOS.

Noida, UP -- (ReleaseWire) -- 02/16/2015 -- With support from the Energy Department, private industry and the Department's national laboratories have already achieved significant advances in fuel cell and hydrogen technologies like reducing costs and improving performance. The US continues to be one of the world's largest and fastest growing markets for fuel cell and hydrogen technologies. With this flourishing demand US fuel Cell shipment is expected to grow at CAGR of 23%, says RNCOS in its latest research report.

According to our report, development of light-duty fuel cell electric vehicles continues to advance and several large automakers anticipate commercialization by 2017. As per our analysis, fuel cell technology is widely used in the US defense industry, with the Department of Defense giving out projects for fuel cell R&D. Further, the US Government, along with its partners in the industry is also working to increase R&D in the fuel cell sector to overcome the technical challenges and demonstrate/validate fuel cell and hydrogen technologies in real-world conditions. With these developments and growing unit shipment, US fuel cell market is expected to poise a strong growth.

The report "Fuel Cell Market Outlook 2020", by RNCOS spread over 160 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the fuel cell market on globe. Our research includes profound study of the market by type, application and region. Besides that, the report exhibits the emerging trends and global research and developments taking place in the industry that are boosting the fuel cell market growth.

Additionally, to provide a comprehensive view and in-depth study of major fuel cell market has been covered in the report that includes countries such as US, UK, Japan, China, Germany, India etc. This section covers fuel cell market in both value and volume terms in each of these countries till 2020. In addition to that, we have covered the patent reviews on the global level for the fuel cell market.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Moreover, we have also covered the key financial and recent activities by these players to build up position in the fuel cell market. As a whole, the report presents a comprehensive look at the sector's past, present, and future scenario.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

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Vartika Sehgal
Sr. Research Specialist
Telephone: 91-120-4224-700
Email: Click to Email Vartika Sehgal

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