- Europe Fuel Cell Market is expected to reach 64.6 MW of shipments by 2018
- Future Growth of Europe Fuel Cell Market is expected to be led by the UK and Germany
- The market leader, SFC Energy is expected to focus on establishing new markets and implementation of cost reduction program through technological innovations in DMFC to compete with other players in the industry
Ken Research announced its latest publication on “Europe Fuel Cell Market Outlook to 2018” which provides a comprehensive analysis of fuel cell market by shipments in Europe. The report covers various aspects such market size by volume and capacity shipments and market segmentation by applications (transportation, static and portable), by types (DMFC, PEMFC and SOFC) and by geography. The report also entails a detailed description on the recent trends and developments in the market and the competitive scenario of major players in the industry along with the market share of major companies in Europe and in respective countries. The report is useful for fuel cell manufacturers, hydrogen fuel producers, retail stations, automobile manufacturers and new counties and players venturing in the market.
The fuel cell market in Europe has witnessed a growth in recent years on account of developments in stationary fuel cells, increasing environmental concerns and diversification of energy portfolio to achieve energy security have augmented this market. Europe Fuel Cell Market is led by Germany, followed by the UK, Denmark and other prime countries. The fuel cell market in Europe is highly concentrated and comprises of major companies such as SFC Energy which leveraged its fuel cells shipments by utilizing them for large product portfolio from lightweight products for industrial applications to their use as power source for stationary off grid equipments. The shipments in Europe fuel cell market have witnessed astonishing CAGR of 12.7% during the period 2008 -2013.
According to the research report, the fuel cell shipments in terms of capacity are expected to witness magnificent CAGR of 30.2% during the period 2013-2018 due to the widespread commercialization of the fuel cell systems.
“The increasing environmental concerns, diversification of energy portfolio to achieve energy security have augmented the fuel cell market in Europe. Cost reduction program is being implemented through technological innovations in order to maximize fuel cell product margins. Fuel Cell can be a great energy source for delivering energy access to remote locations as it can also cover those urban regions where electricity transmission lines can’t reach, thus providing an alternative for power source. The fuel cell applications for industries are augmented to grow rapidly due to ever increasing demand from this sector in the years to come – According to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
– Market Size by Volume Shipments and Capacity Shipments
– Market Segmentation by
o Fuel Cell Types
– Trends and Development, Key Policies, Investments
– Porters five forces, SWOT
– Cost drivers and cost benefit analysis
– Competition and Market Share
– Growth Drivers and challenges
– Future Outlook & Projections
– Macro Economic Parameters
Key Products Mentioned in the Report
Companies Covered in the Report
Haldor Topsoe Fuel Cell