US commercial fuel cell demand will expand nearly sixfold through 2012 to $975 million. Electric power generation will remain the largest market and grow 41 percent annually, bolstered by ongoing interest in less energy pollution and foreign dependency. Portable electronics will be the fastest growing market and benefit direct methanol fuel cells.
This study analyzes the US fuel cell industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by fuel cell product (e.g., stacks and systems, fuels, electronics, services, stack components, reformers and processors, storage devices); and market (e.g., electric power generation, motor vehicles, backup power supplies, military/aerospace, portable electronics).
The study also considers market environment factors, reviews technology, details industry structure, evaluates company market share and profiles 36 major players, including UTC Power, FuelCell Energy, Ballard Power Systems, and Teledyne Technologies.