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:
News and information
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
NanoInk, Inc. Assets To Be Sold May 18th, 2013
Beautiful "flowers" self-assemble in a beaker: Elaborate nanostructures blossom from a chemical reaction perfected at Harvard May 17th, 2013
Scientists capture first direct proof of Hofstadter butterfly effect May 17th, 2013
Investments/IPO's/Splits
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013
Nanometrics Announces Upcoming Investor Events May 14th, 2013
Nanostart-holding New Asia Investments invests in breakthrough water projects May 13th, 2013
Announcements
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
NanoInk, Inc. Assets To Be Sold May 18th, 2013
NIA Public Briefing: Nanotechnology and the Council of Europe May 17th, 2013
Scientists capture first direct proof of Hofstadter butterfly effect May 17th, 2013
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals
Moth-Inspired Nanostructures Take the Color Out of Thin Films May 17th, 2013
Add boron for better batteries: Rice University theorists say graphene-boron mix shows promise for lithium-ion batteries May 17th, 2013
DNA-Guided Assembly Yields Novel Ribbon-Like Nanostructures: Approach could be useful in fabricating new kinds of materials with engineered properties May 16th, 2013
Advancements and developments of solid-state nanopores sensors May 16th, 2013
Environment
NIA Public Briefing: Nanotechnology and the Council of Europe May 17th, 2013
Nanoadsorbent Synthesized to Remove Toxic Dyes from Textile Industry Wastewater May 16th, 2013
New Stanford Nanoscavengers Could Usher In Next Generation Water Purification May 15th, 2013
INSCX™ exchange to present a nanotechnology-based Emission Reduction Programme, Ankara, Turkey, June 2013 May 14th, 2013
Energy
Artificial Forest for Solar Water-Splitting: Berkeley Lab Researchers Report First Fully Integrated Artificial Photosynthesis Nanosystem May 17th, 2013
Moth-Inspired Nanostructures Take the Color Out of Thin Films May 17th, 2013
Solar panels as inexpensive as paint? It’s possible due to research at UB, elsewhere May 13th, 2013
Flawed Diamonds Promise Sensory Perfection: Berkeley Lab researchers and their colleagues extend electron spin in diamond for incredibly tiny magnetic detectors May 10th, 2013
Battery Technology/Capacitors/Generators/Piezoelectrics
Add boron for better batteries: Rice University theorists say graphene-boron mix shows promise for lithium-ion batteries May 17th, 2013
New Mechanism Converts Natural Gas to Energy Faster, Captures CO2 May 7th, 2013
Microwave oven cooks up solar cell material: Nanocrystal semiconductor for photovoltaics, medical sensors, heat reuse May 6th, 2013
Improving materials that convert heat to electricity and vice-versa May 5th, 2013
Fuel Cells
Researchers develop unique method for creating uniform nanoparticles May 6th, 2013
Surface diffusion plays a key role in defining the shapes of catalytic nanoparticles April 8th, 2013
Nanoparticles Combined with Light Reverses Rusting April 1st, 2013
Hydrogen stores wind and solar energy: Innovative "Power-to-Gas" concepts at Hannover Messe March 7th, 2013