Fuel Cell Market to See Marked Increase through 2019
According to a recent report entitled “Fuel Cell Market in North America 2015-2019” from Technavio, the global fuel cell market is expected to grow at a compound annual growth rate (CAGR) of more than 30% from 2015-2019. The market size was calculated based on the revenue generated from units shipped and megawatts shipped.
“A number of new techniques have led to the decline of the price of fuel cells, which has a positive impact on the fuel cell market worldwide,” said Faisal Ghaus, vice president of Technavio. “For instance, several fuel manufacturing companies in the U.S. are reducing the amount of platinum they use in fuel cells, which in turn reduces the cost of fuel cells by up to 40%.”
Additional details are available at www.technavio.com.