Japanese fuel cell market is projected to grow at a CAGR of around 35% between FY 2009 and FY 2012, says a new research report from RNCOS.
New Delhi, India EMAILWIRE.COM, [WorldofRenewables.com]
Japanese government has recognized the fuel cell and hydrogen technology to be one of the most important R&D areas in order to build low-carbon society in the world. In order to commercialize fuel cell and hydrogen technologies as well as to create new markets for residential fuel cell systems and for fuel cell vehicles (FCV), Japan is pursuing a rational strategy for research and deployment. In order to make Japan a low carbon society, Japanese government has implemented various effective policies and technological developments. As a result, the Japanese fuel cell market (in value terms) is projected to grow at a CAGR of around 35% between FY 2009 and FY 2012, says our new research report “Fuel Cell Industry Analysis”.
Our team of experts has studied the global fuel cell market by studying the rapidly emerging trends in the fuel cell installations and adoptions across various application areas. The report has broadly categorized the applications of fuel cells for portable, transportation and stationary purposes. As per our study, all the application areas will witness a strong growth in fuel cell shipments over the forecast period (2010-2012). Various factors that will be driving the growth in the fuel cell application areas have been discussed in detail in the report. Our research finds that portable applications will dominate the fuel cell market in future, constituting around 44% of total fuel cell shipments by the end of 2012.
“Fuel Cell Industry Analysis” discusses in detail the country-level developments in the fuel cell market, which includes government initiatives along with the country’s investments in the concerned market and in the supporting the R&D. This country-level analysis will help clients to figure out the emerging countries in this field that are expected to see rapid commercialization of the technology in near future. Our research also includes detailed analysis of key automobile companies in the world, highlighting their strengths and weaknesses.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.