Fuel Cell/Market 040517

Fuel Cell/Market
Microsoft Excel Chart (April 2004) The total Commercial Fuel Cell demand is predicted to rise from $110 million in 2003 to $ 4.6 billion in 2013. In reviewing the data, electric power generation is emerging as the first large-scale commercial market for fuel cells.  Fuel cell systems used as remote power supplies (i.e. campers) grid support and cogeneration hold particularly good intermediate-term prospects and will account for over half of all fuel cell demand in 2008. However, the portable electronics market is expected to record the strongest advances over the next decade, rising from what are now extremely low levels of demand to become the second largest market for fuel cells.

Proton-exchange membrane (PEM) fuel cells, which currently account for about half of all stack and system demand, will maintain their dominant market position through 2008 and beyond.  PEM fuel cell systems operate a low temperatures and offer high energy-density.  Solid-oxide fuel cells (SOFC) will account for the second largest share of stack and system demand in 2008, due in large part to the high level of energy efficiency they offer, especially in cogeneration settings.  Demand for direct methanol fuel cells (DMFC) will remain well below both PEM and SOFC sales levels, but the DMFC market will grow at an above-average pace as system use grows in portable electronics and power generation applications.

(Information is  from Fuel Cells by The Freedonia Group; the  price of full report is $4,100; see website: www.freedoniagroup.com)  +
(June,2003) World Fuel Cell Market to Increase Tenfold Through 2007
Microsoft Excel Chart
The world commercial market for fuel cell products and services is projected to increase tenfold through 2007 to $2.4 billion, at, which time it will represent just under one-quarter of total fuel cell spending (including research and development expenditures as well as product and service revenues), up from just over seven percent in 2002.  By 2012, the commercial fuel cell market will reach $12.6 billion, accounting for over half of the total world fuel cell spending.  

Fuel cells hold particularly good shower-term prospects in electric power generation applications - in both distributed and grid-based format - and as power sources for portable electronic devices.  Fuel cell-powered industrial stationary and motive power equipment (e.g., uninterruptible power supplies and lift trucks) are likely to achieve some commercialization as well during the present decade.  By contrast, fuel cell-powered motor vehicles are not expected to emerge in a major way until well into the next decade at the earliest, given formidable product design challenges and the need to build a fueling infrastructure virtually from scratch.

As of the early 2000’s, three countries - the U.S., Japan and Germany - accounted for an estimated 60 percent of the total world spending on fuel cell-related activities, with Canada and the UK also important. (Information  courtesy of  “World Fuel Cells” by Freedonia Group, Inc., of Cleveland, OH,
(April,2002) The U.S. market for fuel cell products
The U.S. market for fuel cell products and systems -including spending on research and product development, prototyping, test marketing, demonstration programs, etc., as well as commercial product sales - will expand close to fourfold through 2006 to $3.3 billion and reach $8.8 billion in 2011. It remains highly probable that electric power generation - most likely in a distributed generation or backup/standby mode - will emerge as the initial large-scale commercial application for fuel cells. Portable electronic device applications are expected to emerge fairly quickly, with fuel cells initially serving as battery backup, and as a stand-alone power source later in the decade. The automotive fuel cell area remains plagued with technical problems - many relating to on-board fuel reformers and fueling infrastructure in general -and high cost barriers. Widespread commercialization of automotive fuel cells is not expected until the end of the decade at the very earliest. Other potential applications include industrial stationary and motive power systems (such as in-plant vehicles), and aerospace equipment. Of the several types of fuel cell electrolyte chemistries presently under investigation, proton-exchange membrane (PEM, including variant direct methanol) and solid-oxide (SOFC) appear most likely to achieve large-scale commercialization in the shortest amount of time. (Data and information from “Fuel Cells,” published by The Freedonia Group, Tel: 440-684-9600.)