iRAP Projects Large Growth Rates for Micro Fuel Cells (4/17/07)
According to a new report from Innovative Research and Products (iRAP) titled “Micro Fuel Cells for Handheld Consumer Electronic Products – A Global Industry and Market Analysis (ETP-103),” micro fuel cells have recently entered the consumer electronic products market and are likely to see large growth rates in the next five years. iRAP estimates that the market in 2006 was about $12 million, and that it will reach $112 million by 2011 at an annual average growth rate (AAGR) of 55.7% from 2006 to 2011.
From 2006 to 2011, portable digital assistants (PDAs) will show the highest growth rate (reaching 89.8%), followed by camcorders, chargers and other consumer electronics at an AAGR of 83.7 %, and mobile phone applications at 50.7%. Among different technologies, direct methanol fuel cells will capture the largest share, followed by hydrogen-based fuel cells and fuel cell using proprietary fuels.
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