Fuel Cell Market Introduction

The demand for fuel cells is being driven by an increasing awareness and demand for zero emission energy sources. The global fuel cell market is segmented firstly on the basis of its applications such as portable, transportation, and stationary applications. Secondly, it is segmented on the basis of technology such as Polymer/Proton Exchange Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, and Molten Carbonate Fuel Cell, among others. Lastly, the market is segmented on the basis of geography such as North America, Europe, Asia-Pacific, and Rest of World. Each region has been analyzed with respect to its market trends, growth, and future prospective of the fuel cell market. The data has been analyzed during the period 2012 to 2019. The global fuel cell market size is estimated to reach $5.20 billion, by 2019. The unit shipments of fuel cells are expected to increase from 62,197 units in 2013, to 214,369 by 2019.