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[168 Pages Report] Europe Fuel Cell Technology Market report categorizes the global market By Applications (Portable, Stationary, Transport), Types (DMFC, PEMFC, PAFC, MCFC, SOFC,), by Fuel (Hydrogen, Methanol, Natural Gas, Anaerobic Digester Gas),
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MarketsandMarkets Presents Europe Fuel Cell Technology Market worth $613.7 Million by 2018 http://www.marketsandmarkets.com/Market-Reports/europe-fuel-cell-technology-market-1202.html
The report "Europe Fuel Cell Technology Market : By Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) and Geography- European Trends And Forecast To 2018" defines and segments the European fuel cell market with analysis and forecast of the revenue. • Fuel cell market will grow from an estimated $150.4 million in 2013 to $613.7 million by 2018, at a CAGR of 32.5% from 2013 to 2018. • Browse>> • 87 market data tables • 25 figures • 168 pages and in-depth TOC on “Europe Fuel Cell Technology Market • http://www.marketsandmarkets.com/Market-Reports/europe-fuel-cell-technology-market-1202.html • Early buyers will receive 10% customization on this report.
European Market: Fuel cell technology grows on combined efforts of universities, governments and private players • Germany is the leading country in the European fuel cell market. • Many universities, research institutes and companies are involved in the fuel cell business, both in R&D and commercializing the market. • After Germany U.K. is the most active country in terms of hydrogen and fuel cell technology. • The Government of U.K. has launched ‘renewable heat incentive’ which includes provisions for CHP units and aerobic digestion to produce biogas for heat production. • It also runs money-back feed-in tariff (FIT) for household fuel cell installations for encouraging the demand for fuel cells. http://www.marketsandmarkets.com/Market-Reports/europe-fuel-cell-technology-market-1202.html
Market demand: Household, telecom and backup applications dominates market demand • In the current European fuel cell market, the stationary Household, telecom and backup applications dominates market demand on the basis of market size and revenues. • The demand is projected to increase heavily due to the increased power backup and household demand. • Telecom, automobile and power backup industry acts as the parent market of fuel cell industry. Its growth and demand is highly influenced by the parent market. • Off grid applications like providing backup power for telecommunication infrastructure is provided by the fuel cells. • Stationary fuels cells are used for these applications and have already been commercialized thus demand is further expected to rise owing to this commercialization. http://www.marketsandmarkets.com/Market-Reports/europe-fuel-cell-technology-market-1202.html
Increase in Hydrogen as a primary fuel: Key for fuel cell growth • Hydrogen is the largest primary fuel source for the fuel cells across Europe with more than half of the market share. • On the other hand, Natural gas/Methane and Methanol are gaining a sharp focus as a renewable energy generation source. • Germany and U.K. represents a huge potential in terms of hydrogen as a fuel. Fuel cell companies are continuously trying to develop technologies in order to provide a more cost effective catalyst, which in turn helps them to commercialize and launch products in market. • On account of hydrogen & fuel cell technology infrastructure development for storage & distribution, the fuel cell market will experience a tremendous increase in demand in the years to come. http://www.marketsandmarkets.com/Market-Reports/europe-fuel-cell-technology-market-1202.html
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