Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Bharatbook.com : Integration of Nanotechnology Will Enhance Fuel Cells Market Potential

Abstract:
Bharatbook.com added a new report on "The Global Fuel Cells Market: Key Trends and Growth Opportunities up to 2015" which gives price, huge demand and the factors which are Driving the Fuel Cells Market.

Bharatbook.com : Integration of Nanotechnology Will Enhance Fuel Cells Market Potential

India | Posted on January 4th, 2010

This report gives an in-depth analysis of Global fuel cells market and provides growth opportunities up to 2015. The research analyzes the growth and evolution of the Global fuel cells market up to 2008 and gives historical statistics for 2001-2008. This research analyzes the market scenarios for this technology and regulatory policies that govern them. This coupled with elaborate country profiles of key market give a comprehensive understanding of the market scenario.

Fuel Cells Market is Expected to Commercialize by 2013-2015

Demand for non-toxic-substance-based energy storage is expected to accelerate the demand for stationary fuel cells in the coming decade. Technological advancements and an increase in sales are expected to bring the cost of fuel cells down. As a result, the technology is expected to become commercialized by 2013-2015. Commercialization of the market will lead to rise in number of fuel cell installations in 2015 which are expected to exceed hundreds of thousands units.

Fuel Cells Market is in its Nascent Stage of Development

Despite the various advantages of the technology, the fuel cell market is yet to be a part of the mainstream market mainly due to its high cost and lower durability in comparison to grid power. Since the market is in its development phase the fuel cell industry has large number of manufacturers. This is primarily because most of the technological developments are taking place in universities or government laboratories which further spin out as new business units and seek private equity and venture funding from established corporations.

Integration of Nanotechnology Will Enhance Fuel Cells Market Potential

Nanotechnology is providing increased durability to fuel cells and is making its costs competitive with traditional sources of power generation. In 2008, more than 2,100 organizations engaged in the development of nanotechnology for fuel cells and hydrogen energy, spent more than $4.7 billion on this research. Fuel cell technology development coupled with integration of nanotechnology will provide the fuel cell market with greater reliability, durability, and power, at a lower cost along with the advantages of lower emissions and fuel saving.

Price of Fuel Cell Installations is Expected to Go Down in the Future

The price of fuel cells is expected to decrease in the near future as production increases in response to the government support in terms of subsidies and coordinated R&D, coupled with technological development in making fuel cell manufacturing more profitable. The mass production of fuel cell vehicles is not expected to gather momentum before 2015 although many producers will manufacture about 100 vehicles per year for fleet demonstration. This delay in mass production of fuel cells is mainly due to the lack of appropriate infrastructure to support the development. Though various countries are taking steps towards the development of hydrogen fueling stations inadequate infrastructure will push further commercialization of fuel cell market till 2015. Even with this hurdle the fuel cell installations costs will come down because of the technological developments and government support mechanisms.

Environmental Concerns Are Driving the Fuel Cells Market

Fuel cells are an emission free power sources used for vehicles, potable devices, and residential, commercial, and industrial purposes. Lead-acid batteries, traditionally used for energy storage contain toxic waste such as lead, which need to be effectively disposed of at the end of the life of a system. The growing need to curb toxic wastes therefore drives interest into alternate energy solutions such as fuel cells due to their emission-free nature. The rising energy demand boosts the need for clean sources of power generation which in turn gives way to fast paced development of the fuel cells market.

Lack of Infrastructure is Hampering Market Development

The global market for power supply systems does not have the adequate infrastructure required to transport, distribute, and store fuel cell systems and the fuels used in them. As a result, the fuel cells market is unable to cater effectively to the growth in demand for systems. Fuel cell vehicle manufacturers also anticipate infrastructure as the primary bottleneck in the development of technology. Hydrogen fuelling stations are slow to develop and are also expensive which adds to the challenges for the technology.

Investments Are Pooling in for Fuel Cell Development

Global fuel cell industry is attracting a large pool of investments primarily due to the huge demand potential the industry possesses. Since the fuel cell technology is being promoted by the governments across the globe in form of subsidies, financial incentives, and tax benefits, more and more investors are putting in money in the sector. During 2002 to 2009 the fuel cells market has attracted the investment of more than $663m in the form of equity financing, private placement, private equity, venture financing, and so on. Investments peaked in 2004 when the industry received investments of about $170.3m which resulted in an increased number of installations coming online in 2005. The investments decline during 2008 and 2009 as a result of economic crisis but it is expected that the fuel cells market will attract more investors once the economy recovers.

To know more and to buy a copy of your report feel free to visit:

www.bharatbook.com/detail.asp?id=129701&rt=The-Gl

####

About Bharatbook.com
Bharat Book Bureau is the leading business information aggregator providing market research reports and online databases. Bharatbook is also into the business of marketing conferences worldwide and undertakes custom research.

For more information, please click here

Contacts:
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email:
Website: www.bharatbook.com
Blog: bharatbookresearch.blogspot.com
Follow us on twitter: twitter.com/3bbharatbook

Copyright © PRlog

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Collaboration yields discovery of 12-sided silica cages June 20th, 2018

JPK talks with Dr Frank Lafont, Director of the BioImaging Center Lille (BICeL) about the use of the NanoWizardŽ AFM together with fluorescence microscopy in the study of living cells June 19th, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Executives Explore Key Megatrends and Innovations in MEMS, Sensors, Imaging Tech at SEMI-MSIG European Summits: Speakers to share developments in smart automotive, smart cities, smart industrial, biomedical, consumer and IoT, September 19-21, 2018 in Grenoble, France June 19th, 2018

Investments/IPO's/Splits

180 Degree Capital Corp. to Provide Live Remote Access to Its Annual Meeting of Shareholders on June 12, 2018 June 12th, 2018

Nanometrics Updates Time of Webcast at Stifel 2018 Cross Sector Insight Conference June 12th, 2018

Arrowhead Pharmaceuticals to Present at Upcoming June 2018 Conferences May 31st, 2018

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) March 20th, 2018

Announcements

Collaboration yields discovery of 12-sided silica cages June 20th, 2018

JPK talks with Dr Frank Lafont, Director of the BioImaging Center Lille (BICeL) about the use of the NanoWizardŽ AFM together with fluorescence microscopy in the study of living cells June 19th, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Executives Explore Key Megatrends and Innovations in MEMS, Sensors, Imaging Tech at SEMI-MSIG European Summits: Speakers to share developments in smart automotive, smart cities, smart industrial, biomedical, consumer and IoT, September 19-21, 2018 in Grenoble, France June 19th, 2018

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Collaboration yields discovery of 12-sided silica cages June 20th, 2018

Carbon nanotube optics poised to provide pathway to optical-based quantum cryptography and quantum computing: Researchers are exploring enhanced potential of carbon nanotubes for unique applications June 18th, 2018

Camouflaged nanoparticles used to deliver killer protein to cancer June 17th, 2018

Squeezing light at the nanoscale: Ultra-confined light could detect harmful molecules June 17th, 2018

Environment

Squeezing light at the nanoscale: Ultra-confined light could detect harmful molecules June 17th, 2018

A nanotech sensor that turns molecular fingerprints into bar codes June 7th, 2018

Engineered polymer membranes could be new option for water treatment May 6th, 2018

Harvesting clean hydrogen fuel through artificial photosynthesis May 3rd, 2018

Energy

Physicists devise method to reveal how light affects materials: The new method adds to the understanding of the fundamental laws governing the interaction of electrons and light June 15th, 2018

Tripling the Energy Storage of Lithium-Ion Batteries: Scientists have synthesized a new cathode material from iron fluoride that surpasses the capacity limits of traditional lithium-ion batteries June 14th, 2018

Remote control of transport through nanopores: New study outlines key factors affecting the transfer of molecules through biological channels May 24th, 2018

Team achieves two-electron chemical reactions using light energy, gold May 15th, 2018

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Tripling the Energy Storage of Lithium-Ion Batteries: Scientists have synthesized a new cathode material from iron fluoride that surpasses the capacity limits of traditional lithium-ion batteries June 14th, 2018

Nickel ferrite promotes capacity and cycle stability of lithium-sulfur battery June 13th, 2018

Northwestern researchers predict materials to stabilize record-high capacity lithium-ion battery: Advancement could pave the way for less expensive, longer-lasting batteries for electric vehicles May 29th, 2018

Self-assembling 3D battery would charge in seconds May 22nd, 2018

Fuel Cells

Harvesting clean hydrogen fuel through artificial photosynthesis May 3rd, 2018

A new way to find better battery materials: Design principles could point to better electrolytes for next-generation lithium batteries March 29th, 2018

Rice sleuths find metal in 'metal-free' catalysts: Study of graphene catalysts finds trace of manganese, suggests better ultrathin fuel-cell components February 26th, 2018

Study boosts hope for cheaper fuel cells: Rice University researchers show how to optimize nanomaterials for fuel-cell cathodes January 6th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project