The report, now available on ASDReports, recognizes the following companies as the key players in the Global Fuel Cell Market in the Automotive Industry: Ballard Power Systems, ACAL, Nuvera Fuel Cells, Plug Power and Hydrogenics
Other Prominent Vendors in the market are: Delphi Automotive Systems, EnergyOR Technologies, H2 Logic, Symbio FCell, Proton Motors, Oorja Protonics, Nuvera Fuel Cell, Intelligent Energy and Infintium Fuel Cell Systems
Commenting on the report, an analyst said: “Companies are making huge investments in R&D in the fuel cell industry. Many universities and government organizations are engaged in research and demonstration projects of new technologies in the industry. For instance, the National Energy Foundation is working with New Energy and Industrial Technology Development Organization (NEDO) in the UK on various fuel cell research projects.”
According to the report, development of the hydrogen infrastructure is the key driver for the growth of this market. Since hydrogen is the primary fuel used in fuel cell electric vehicles (FCEVs), around 80 million tons of hydrogen is produced every year to meet the growing need for hydrogen fuel cells in FCEVs
Further, the report states that vendors need to address some functional issues associated with fuel cell systems, which include improving thermal, air, and water management.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Jan 25, 2016