Abstract
US fuel cell market to expand sixfold through 2012
The US market for commercial fuel cell products and services is forecast to
expand almost sixfold through 2012 to $975 million and reach $3.3 billion by
2017. Demand will be bolstered by ongoing environmental concerns that will
spur social interest in less pollutant energy sources, as well as continued
efforts to reduce US dependence on foreign oil. The commercial market will be
somewhat restrained, on the other hand, by persistent cost hurdles,
particularly in motor vehicle applications, as many types of fuel cells
require a highpriced platinum catalyst as well as extensive investment in R&D.
Study coverage
It presents historical demand data (2002, 2007) plus forecasts for 2012, 2017
and 2025 by fuel cell chemistry, fuel, device and application. The study also
considers market environment factors, evaluates company market share and
profiles leading industry competitors.
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