Backed by the government support and high demand in automobile & telecom sector, the global fuel cell market will be worth US$ 4.2 Billion by 2012, RNCOS identified.

Noida, UP -- (SBWire) -- 03/24/2011 -- According to our latest report “Fuel Cell Industry Analysis”, an extensive government support has been fuelling rapid growth in the fuel cell market. The global fuel cell market was expected to reach US$ 2.6 Billion in 2010, up from US$ 850 Million in 2009.

Factors, such as rising fuel prices, rising demand in the automobile & telecom sector have contributed a good deal to the market growth. The market is expected to perform well in future backed by environmental concern issues and will reach US$ 4.2 Billion by 2012 end.

Our report has found that, the Japanese government has been launching several efficient measures to promote the usage of fuel-cell vehicles across the country. Moreover, the subsidization program resulted in the installation of over 1,500 units of residential fuel cells during September 2009 and presently, Japan is considered as one of the market leaders in terms of fuel cells applications. The market is likely to grow at a CAGR of around 34% during FY2009-FY2012.

The report “Fuel Cell Industry Analysis”, provides a country level analysis of fuel cell market and identifies current market trends along with their impact on sector performance. Countries like the US, Canada, Korea, Japan, China, and India have been covered in the report. The report also describes the importance of patents in the industry and analyzes countries’ prominence in patent holdings. A section on research and development further adds a value to knowledge portfolio.

The report is an outcome of an in-depth research and prudent analysis of the global fuel cell market, with strong emphasis on data reliability and presentation. It covers almost all the key aspects of market and identifies future growth areas. The report analyzes market performance by applications, such as transportation, stationary, and portables. The future projection in the report makes use of effective methods and techniques that seek to provide a realistic forecast. Last though not the least, the report provides a description and recent activities of key market players to know about the competitive landscape.

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.