Nov. 24, 2011: Global Fuel Cell Industry Forecasted to Expand Rapidly Through 2017
BOULDER, Colo. — According to a report from Pike Research, between 2008 and 2010, global fuel cell industry revenue climbed sharply, increasing from around $260 million in 2008 to nearly $670 million two years later — an increase of more than 250 percent. Looking ahead, the firm forecasts that growth in the industry will accelerate rapidly beginning in 2012, with strong growth anticipated over the next six years. Global fuel cell revenue is expected to surpass $28 billion by 2017.
“Shipments continue to pick up speed thanks to the breadth of applications being targeted by vendors,” said research director Kerry-Ann Adamson. “Fuel cells are being recognized as a highly effective tool for deploying reliable, clean power for stationary, portable, and transport applications.”