Global Stationary Fuel Cells Market---aarkstore Enterprise Market Research Aggregation
Global Stationary Fuel Cells Market
Summary
The demand for eco-friendly low-maintenance energy storage solutions with long life spans has resulted in the creation of a $193.64 million market for stationary fuel cells in the world. The global stationary fuel cells market, largely dominated by the US, Japan and South Korea, is expected to expand with increasing interest in other nations. While the need to replace lead acid batteries with a non-toxic-substance-based storage solution drives fuel cells uptake in developed markets such as the US and Japan, the demand for low-maintenance long back-up storage solutions drives technology adoption in developing nations. Regulatory push for clean technology by the Obama administration is expected to boost the US stationary fuel cells market. Volume sales and R&D initiatives resulting from increased investment due to regulatory support are expected to accelerate price fall and commercialization of fuel cells. Nevertheless, mass adoption of fuel cells is expected to be prevented by the lack of infrastructure for supporting market development and to certain extend, by technological limitations of the technology.
Scope
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