Abstract
The world automotive industry is about to witness a revolution-a revolution
that will be ushered in by fuel cell technology. In the future, we will see
light and heavy vehicles powered by eco-friendly efficient energy sources. The
fuel cell technology is yet to be introduced in the mass market, but it has
been predicted that, in the years to come, this technology will be the most
significant long-term source of power for petroleum and emission-free,
mass-produced light vehicles, as well as some of the heavy vehicles.
Over a decade, there has been intensive research and development on the fuel
cell technology and the researchers are endeavoring to solve the technical
hurdles associated with this technology. It is a challenging path ahead for
the fuel cell vehicles, as, so far, they have been utilized only as prototypes
or demonstration models and are yet to penetrate into the mainstream
automotive market. However, a strongly committed and diligent industry of
countries like Japan, Australia, and Canada, along with the full-fledged
support of their respective governments, is working towards developing and
deploying hydrogen-powered vehicles and the related infrastructure.
It has been estimated that commercialization of this technology will render a
steep rise in the fuel cell sales from $25 million in 2000 to $450 million in
2005. Fuel cell technology is ideally suited for large-scale and heavy
industrial applications. Although fuel cell technology will take some years to
be introduced in the market, billions of dollars have been invested by major
automakers in the development of fuel cell technology, looking at the
increasing demand for fuel-efficient, low-emissions vehicles.
The market research report prepared by RNCOS, titled "Fuel Cell Vehicles -
Revolutionizing Automotive Industry" reveals the efforts that are being put
globally to overcome the technical and economical hurdles with an aim to
change the future of the automotive industry. The report discusses the current
scenario of the industry, the government policies and future plans, and the
leading energy and automotive companies. This report gives an insight on the
manufacturers of key components of fuel cells designed for use in motor
vehicles in countries outside the United States as well as the technical
progress of companies in the global market.
REPORT HIGHLIGHTS
- Research and Demonstration Projects in different countries till December
2004.
- Major Government-Supported Fuel Cell Vehicle Projects.
- Future Market Value And Share Of The Transportation Market by Fuel Cell
technology.
- Estimates of potential market size for fuel cells, 2030.
- Market penetration of fuel cells.
- Investment Trends and Patterns in Japan, Western Europe, Canada, and other
countries.
- R&D Expenditures by Companies, 2004.
- Highlights of Report of Japan' s Fuel Cell Commercialization Policy Study
Group.
- Highlights of EUCAR' s Proposal on the Future of Automotive and Road
Transport R&D in Europe.
- Emerging Players In Fuel Cell Technology.
- Significant Technical And Infrastructure Barriers.
- Product Profiles of Major Automotive players in Fuel Cell Technology.
REPORT FEATURES
The market research report "Fuel Cell Vehicles - Revolutionizing Automotive
Industry" will serve as an excellent guide for the automotive companies to
make decisions for the future, based on the industry' s market potential. The
policymakers as well as those interested in exploring and developing fuel cell
vehicles will find this report useful. Chapters 3 discuss the fuel cell
technology current status and prospects. Chapter 4 talks about the adoption
and deployment of fuel cell technology whereas chapter 5 includes the latest
news & developments in the industry. RNCOS identified nearly 18 companies
developing light fuel cell vehicles and components. These include nearly all
of the world' s major vehicle manufacturers, such as Toyota, DaimlerChrysler,
Ford, General Motors, Honda, and Mitsubishi. Chapter 6 provides information
about these major vehicle manufacturers.
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