Over the past few years, the global fuel cell industry has been growing at a rapid pace. Fuel cell is emerging as the best source of green energy and is expected to change the energy consumption scenario in the coming years. The fuel cell technology has been gaining rapid acceptance backed by various advantages over other green energy sources. Constant government support, regulations like amendment in emission legislations, and increased funding for research and development of fuel cells are encouraging in the industry. In future, the momentum is expected to shift to the Asian countries due to their vast market potential and rising spending on power. According to our new research report, “Fuel Cell Market Forecast to 2015”, the global fuel cell shipments are anticipated to grow at a CAGR of around 20% during 2012-2015.
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