Freedonia In The News
Article Title: Freedonia publishes US fuel cell market forecast
Publication: Auto Industry, 4/30/2008
Freedonia Study: Fuel Cells (2328)
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Commercial fuel cell demand, which accounted for less than ten percent of total spending in 2007, is forecast by The Freedonia Group to expand almost sixfold through 2012 to $975 million and reach $3.3 billion in 2017, when it will represent half of all fuel cell spending – but automotive applications are forecast to represent a low proportion of total investment. From $13m in 2002, the value of the US automotive fuel cells market rose to $33m in 2007,and is forecast to rise to $105m in 2012 and to $20.5m in 2017.
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