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

Particles from outer space are wreaking low-grade havoc on personal electronics February 19th, 2017

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Investments/IPO's/Splits

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Harris & Harris Group Announces a Proposed Strategic Restructuring December 20th, 2016

Announcements

Particles from outer space are wreaking low-grade havoc on personal electronics February 19th, 2017

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

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

Particles from outer space are wreaking low-grade havoc on personal electronics February 19th, 2017

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Research opens door to smaller, cheaper, more agile communications tech February 16th, 2017

Environment

Meta-lenses bring benchtop performance to small, hand-held spectrometer: Game-changing nanostructure-based lenses allow smaller devices, increased functionality February 9th, 2017

NIST updates 'sweet' 1950s separation method to clean nanoparticles from organisms January 27th, 2017

Investigating the impact of natural and manmade nanomaterials on living things: Center for Environmental Implications of Nanotechnology develops tools to assess current and future risk January 9th, 2017

PCATDES Starts Field Testing of Photocatalytic Reactors in South East Asia December 28th, 2016

Energy

In-cell molecular sieve from protein crystal February 14th, 2017

NREL research pinpoints promise of polycrystalline perovskites February 8th, 2017

Metallic hydrogen, once theory, becomes reality: Harvard physicists succeed in creating 'the holy grail of high-pressure physics' January 28th, 2017

New low-cost technique converts bulk alloys to oxide nanowires January 24th, 2017

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

Researchers optimize the assembly of micro-/meso-/macroporous carbon for Li-S batteries February 13th, 2017

Dual-function nanorod LEDs could make multifunctional displays February 11th, 2017

Nano-level lubricant tuning improves material for electronic devices and surface coatings February 11th, 2017

Material can turn sunlight, heat and movement into electricity -- all at once: Extracting energy from multiple sources could help power wearable technology February 9th, 2017

Fuel Cells

Scientists boost catalytic activity for key chemical reaction in fuel cells: New platinum-based catalysts with tensile surface strain could improve fuel cell efficiency December 19th, 2016

It's basic: Alternative fuel cell technology reduces cost: Study sets performance targets for metal-free fuel cell membrane December 13th, 2016

Keeping electric car design on the right road: A closer look at the life-cycle impacts of lithium-ion batteries and proton exchange membrane fuel cells December 9th, 2016

Water vapor sets some oxides aflutter: Newly discovered phenomenon could affect materials in batteries and water-splitting devices October 3rd, 2016

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project