June 9, 2011: Global Fuel Cell Shipments Doubled Between 2008 and 2010
BOULDER, Colo. - Adoption of fuel cell powered products is gathering increasing momentum in a variety of application areas, with the shift from an R&D based industry to a fully commercial one well underway. According to a new report from Pike Research, released at the annual member meeting of the Fuel Cell and Hydrogen Energy Association, global fuel cell shipments doubled between 2008 and 2010, from approximately 7,500 units to more than 15,000 units annually during that period.
“The reasons for the groundswell of interest in fuel cells are as varied as the sectors that are implementing the technology,” said research director Kerry-Ann Adamson. “Industry and government leaders are finding that fuel cells are a highly effective tool for deploying reliable, clean power for stationary, portable, and transport applications.”
Adamson added that the largest fuel cell unit growth has been in the stationary power sector, which represented approximately 60 percent of shipments during 2010. Demand for stationary fuel cells is being driven by a number of early adopter sectors, including combined heat and power (CHP) plants for a variety of markets, including hospitals and hotels.
With a number of companies having active development programs, Pike Research’s analysis indicates that a handful of market leaders and fast followers are beginning to emerge. The analysis shows that in 2010 less than a dozen companies accounted for the vast majority of global shipments. “The next few years will determine which of the current fuel cell companies will survive and thrive, and which will fall by the wayside,” said Adamson, “but this is also a time when barriers to entry for new companies are decreasing. With the start of product standardization, the creation of new business models, and the increasing focus on product shipments, we fully anticipate the market opening up to many new entrants over the next five years.”
Publication date: 06/06/2011
“The reasons for the groundswell of interest in fuel cells are as varied as the sectors that are implementing the technology,” said research director Kerry-Ann Adamson. “Industry and government leaders are finding that fuel cells are a highly effective tool for deploying reliable, clean power for stationary, portable, and transport applications.”
Adamson added that the largest fuel cell unit growth has been in the stationary power sector, which represented approximately 60 percent of shipments during 2010. Demand for stationary fuel cells is being driven by a number of early adopter sectors, including combined heat and power (CHP) plants for a variety of markets, including hospitals and hotels.
With a number of companies having active development programs, Pike Research’s analysis indicates that a handful of market leaders and fast followers are beginning to emerge. The analysis shows that in 2010 less than a dozen companies accounted for the vast majority of global shipments. “The next few years will determine which of the current fuel cell companies will survive and thrive, and which will fall by the wayside,” said Adamson, “but this is also a time when barriers to entry for new companies are decreasing. With the start of product standardization, the creation of new business models, and the increasing focus on product shipments, we fully anticipate the market opening up to many new entrants over the next five years.”
Publication date: 06/06/2011
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