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Fuel Cell Market Expected to Surge in Coming Years

Dec 1, 2000 12:00 PM, By EC&M Staff

With benefits enabling high efficiency, low- or zero-emission, cost-competitive energy, and fuel-flexible motors, it's no wonder fuel cells are one of the most promising technologies for meeting future U.S. energy needs. According to a study from Business Communications Co., Inc., Norwalk, Conn., RE-069U Fuel Cell: On the Verge, this market is estimated at $218 million in 2000. And it's expected to increase to $2.4 billion by 2005 - an average annual growth rate (AAGR) of more than 61.7%.

As the fuel cell technology most suitable for large-scale applications, such as industrial and municipal power, commercialization of molten carbonate fuel cell sales should bring 2000 sales up. And while the use of fuel cells is becoming more popular in the vehicle market, proton exchange membrane sales have grown.

By 2010, the United States is expected to add 130GW of generating capacity. In world markets and within a closer time frame, nearly 550GW is expected. Fuel cell commercialization opportunities in the U.S. market form in large-scale areas, such as central power plants and industrial generators. For price and other report information, visit www.bccresearch.com.

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© 2012 Penton Business Media, Inc.

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