HUGE GROWTH POTENTIAL FOR THE FUEL CELLS MARKET DUE TO ENERGY
EFFICIENCY AND ENVIRONMENTAL CONCERNS
Visit http://www.energy.frost.com for further information.
Fuel cells will play a pivotal role in the European energy industry in
the future due to their high electrical efficiencies as well as their
environment-friendly profile
LONDON - January 18, 2007 - Consistent R&D efforts are expected to
yield dividends as fuel cells emerge as the preferred distributed
generation technology, and to play a dominant role in redefining the
European energy industry in the future. Since combined heat and power
(CHP)-based fuel cell systems offer significant prospects for market
expansion, current R&D efforts are focused on attaining technological
breakthroughs that will result in enhanced product offerings at
competitive price levels.
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Frost & Sullivan (http://www.energy.frost.com ) finds that the European
Stationary Fuel Cells Market is expected to achieve commercialisation
by the end of this decade and is estimated to reach $197.00 million in
2010.
"Fuel cells will play a pivotal role in the European energy industry
in the future due to their high electrical efficiencies as well as
their environment-friendly profile," notes Frost & Sullivan Research
Analyst Hema Sarathy. "Threats over the security of fuel supply
coupled with increasing concern about air pollution and emission
control are strengthening the case in favour of fuel cells as a
preferred form of distributed generation technology."
Fuel cells show electrical efficiencies of 40 to 49 per cent in
comparison with other competing technologies, which display electrical
efficiencies close to 30 to 35 per cent. In a cogeneration mode, fuel
cell systems can achieve an electrical efficiency of close to 80 to 85
per cent. Hence, higher efficiencies and improved benefits will result
in CHP-based fuel cell systems leading the expansion of the stationary
fuel cells market during the initial years of commercialisation.
Currently, major concerns revolve around enhancing the reliability and
durability of fuel cells. The lack of robustness in current fuel cell
systems is affecting their performance in comparison to traditional
technologies. Moreover, high capital and operating costs are proving a
major deterrent to commercialisation with customers awaiting cost
reductions for an enhanced value proposition. Hence, the adoption of
fuel cell systems is doubtful without an improved and more competitive
product and price offering.
"The stationary fuel cell industry is currently in a demonstration
and a product validation stage, where the focus is not only on product
development, but also on understanding the requirements of customers in
order to enhance the product solution," says Ms. Sarathy. "The
industry is looking forward to strategic alliances and partnerships of
system manufacturers with utilities and component suppliers to develop
a complete fuel cell product portfolio matching customer needs."
Product innovations coupled with process improvements will be critical
to achieving increased robustness and lowered costs. Focussed research
into new materials, improved manufacturing processes and augmented
process capabilities will enable a smooth transition from the current
demonstration, product development phase to a more commercial stage.
If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an
overview of the latest analysis of the European Stationary Fuel Cells
Market, then send an e-mail to Chiara Carella - Corporate
Communications at chiara.care...@frost.com with your full name, company
name, title, telephone number, e-mail address, city, state, and
country. We will send you the information through email upon receipt of
the above information.
European Stationary Fuel Cells Market is part of the Energy and Power
Subscription, which also includes research in the following markets:
World Micro Fuel Cell Markets for Consumer Portable Devices, Fuel Cells
for Stationary Power - Global Trends and Technology Developments, World
Micro Fuel Cell Markets for Consumer Portable Devices and World
Advances in Micro Fuel Cell Technology. All research included in
subscriptions provide detailed market opportunities and industry trends
that have been evaluated following extensive interviews with market
participants. Interviews with the press are available.
Frost & Sullivan, a global growth consulting company, has been
partnering with clients to support the development of innovative
strategies for more than 40 years. The company's industry expertise
integrates growth consulting, growth partnership services, and
corporate management training to identify and develop opportunities.
Frost & Sullivan serves an extensive clientele that includes Global
1000 companies, emerging companies, and the investment community by
providing comprehensive industry coverage that reflects a unique global
perspective and combines ongoing analysis of markets, technologies,
econometrics, and demographics. For more information, visit
www.frost.com
European Stationary Fuel Cells Market
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> EFFICIENCY AND ENVIRONMENTAL CONCERNS
> Visit http://www.energy.frost.com for further information.