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    0 Replies Latest reply on Aug 25, 2011 8:23 AM by LUCKIEST

    The FUEL CELL MARKET

    LUCKIEST Guide

      The Fuel Cell Market and General Information

      Evidence suggests that commercialization of the fuel cell began in 2007.  This belief is based on the increase in manufacturing capability,

      decreasing costs and the increasing number of OEM tie-ups which took place during the year.

      Fuel cell technology is being pulled into the market by concerns over climate change, air pollution and dependence on imported fuel,

      and by the consumer-led demands for longer product run time and greater power requirements in portable devices.

      As a technology fuel cells are highly efficient, offer a reduction in greenhouse gas (GHG) emissions, and are modular,

      allowing a scalable approach to increased power requirements,

       

      Currently, fuel cells are relatively expensive and there are a number of issues outstanding in terms of research,

      development and demonstration, codes and standards, fuel infrastructure and distribution.

      Over the past three years the industry has seen an annual growth rate of 59% in fuel cell units delivered, with some 12,000 new units shipped during 2007.

      Fuel Cell Today estimates that the current global manufacturing capability for fuel cells is over 100,000 units per year,

      with a quarter of this coming from companies whose business activity is exclusively the development of hydrogen and fuel cell technologies.