Fuel Cells Market to be Worth US$4.5 Billion by 2012, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB), February 25, 2008 -- Fuel cells derive energy through various types of fuels such as hydrogen, methanol, natural gas, biomass (plant material), coal, and petrol. Common to all these fuels is hydrogen, an important component of the electrochemical process that creates electricity. Hydrogen as fuel cell source generates just water and electricity as byproducts. The industry is focusing intensely on tackling the twin issues of cost and fuel storage/distribution as the next step in the development process. Governments continue to play a key role supporting the industry through subsidies and funding, particularly in the US, Europe and Japan. On the application front, fuel cells are likely to emerge as an environment friendly and cost effective source of distributed and grid-connected power generation, as well as in portable devices. Power generation is the most promising area since several developing countries worldwide face energy shortages and deficient grid-based systems. High-power electronics such as laptops, wireless devices etc. require a continuous energy source, a key benefit of a fuel cell system that offers 24x7 power. Automotive and other transportation applications face several issues that render fuel cell use currently unviable.

Proton exchange membrane fuel cell represents the major segment of the fuel cell market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp), as stated in a recent report published by Global Industry Analysts, Inc. Global proton exchange membrane fuel cell market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp) is projected to reach approximately US$2.7 billion by 2012. Market for fuel cells is concentrated in developed regions/countries such as the US, Canada, Europe and parts of Asia-Pacific. Fuel cells market in the United States is estimated to be US$359 million in 2007. Molten carbonate fuel cell market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp) in the US is expected to register a CAGR of approximately 55% over the period 2003-2012.

Major players in the marketplace include Acumentrics Corp., Alternative Energy Corporation, Ansaldo Fuel Cells SpA, Apollo Energy Systems, Areva Group, Arotech Corp, Astris Energi Inc, Axane Fuel Cells, Ballard Power Systems Inc., Ball Aerospace & Technologies Corp., BCS Fuel Cells, Ceramic Fuel Cells Ltd, Ceres Power Holdings Plc, CFC Solutions GmbH, Distributed Energy Systems Corp., Northern Power Systems, Proton Energy Systems, Electro-Chem-Technic, Fuel Cell Energy Inc, Hydrogenics Corporation, IdaTech LLC, Independent Power Technologies, Mitsubishi Heavy Industries Ltd., Morgan Fuel Cells, MTI MicroFuel Cells Inc, Nuvera Fuel Cells Inc., Plug Power Inc, Quantum Fuel Systems Technologies Worldwide, Inc., ReliOn Inc, RWE Fuel Cells GmbH, SFC Smart Fuel Cell AG, Siemens Power Generation, Teledyne Energy Systems Inc, UTC Fuel Cells and Voller Energy Group Plc.

"Fuel Cells: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, major developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analyses are presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy and the UK. Analytics for the period 2003 through 2012 are provided in terms of product segments including Phosphoric Acid Fuel Cells Market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp), Molten Carbonate Fuel Cells, Alkaline Fuel Cells Market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp), Solid Oxide Fuel Cells Market (http://www.strategyr.com/Fuel_Cells_Market_Report.asp) and Proton Exchange Membrane Fuel Cells.

For more details about this research report, please visit http://www.strategyr.com/Fuel_Cells_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press@strategyr.com

Web Site http://www.StrategyR.com/

###