New Projects, Nuclear

Report: Fuel cell systems to reach $57.8Bn by 2023

Fuel cell systems, for all applications, are expected to generate nearly $57.8 billion in annual revenue by 2023, according to a new report conducted by Navigant Research.

The report, “Fuel Cells Annual Report 2014,” states that 2014 saw rising demand in portable, transportation, and stationary applications in particular. Stationary applications include utility-scale, industrial/commercial building, and residential power fuel cells.

The report provides a global analysis of major developments and trends in the fuel cell industry, and global market forecasts for fuel cell systems, capacity shipped, and system revenue through 2023. Additionally, the report features an analysis of fuel cell systems and capacity shipped from 2010 to 2013, segmented by region, sector, application, electrolyte, and fuel type, as well as system revenue.

To read the full report, click here.

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