North American Fuel Cell Market Revenue Estimated to Reach $667.7 Million by 2018

Research and Markets has announced the addition of the "2013 Report on the North American Market for Fuel Cell Technology - Includes Forecast to 2018" report to their offering.

The North American fuel cell market revenue is estimated to reach $667.7 million by 2018. Major factors responsible for the growth of the fuel cell market include the ability of fuel cells in stationary, portable and transportation applications as a source of off grid power source, zero emission and clean energy source and continuous depletion of existing oil reserves makes. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells and establishment of fuel cell infrastructure.

Ballard (Canada), Plug Power (U.S.), FuelCell Energy (U.S.), Oorja Fuel Cells (U.S.), and Hydrogenics (U.S.) are the major players, constituting the majority of the market share in North America. Most of these companies rely on growth strategies such as agreements and contracts, joint ventures and collaborations, mergers and acquisitions, and expansions in diversified geographic areas. The growing demand for technologically advanced clean energy solutions has prompted most of the companies to launch highly innovative and integrated fuel cell solutions.

Fuel cell is a fast growing technology with benefits over batteries in terms of quantity of energy stored. In portable applications, fuel cells can be used for devices such as mobile, laptop, camera, etc. These also make good replacements for batteries used in military applications.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 North American Fuel Cell Market, By Applications

6 North American Fuel Cell Market, By Countries

7 North American Fuel Cell Market, By Types/Technologies

8 North American Fuel Cells Market, By Fuel

9 Competitive Landscape

10 Company Profiles

Companies Mentioned:

• Ballard Power Systems Inc
• Bloom Energy Corp
• Clearedge Power
• Fuelcell Energy
• Hydrogenics Corporation
• Nuvera Fuel Cells
• Oorja Protonics
• Plug Power Inc
• Protonex Technology Corporation
• Relion Inc

For more information visit http://www.researchandmarkets.com/research/5gxps7/north_american

Source: http://www.researchandmarkets.com/