Report: Fuel cell systems to reach $57.8Bn by 2023

file

Fuel cell systems, for all applications, are expected to generate nearly $57.8 billion in annual revenue by 2023, according to a new report conducted by Navigant Research.

The report, “Fuel Cells Annual Report 2014,” states that 2014 saw rising demand in portable, transportation, and stationary applications in particular. Stationary applications include utility-scale, industrial/commercial building, and residential power fuel cells.

The report provides a global analysis of major developments and trends in the fuel cell industry, and global market forecasts for fuel cell systems, capacity shipped, and system revenue through 2023. Additionally, the report features an analysis of fuel cell systems and capacity shipped from 2010 to 2013, segmented by region, sector, application, electrolyte, and fuel type, as well as system revenue.

To read the full report, click here.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...