The rapidly developing fuel cell market is a revenue generating industry.
Bloom Box, the latest introduction in the fuel cell world uses a series of discs, made from zirconium oxide and coated in special inks to induce a chemical reaction that turns natural gas, among other fuels, into electricity.
Using fuel cells eliminates greenhouse gases because the hydrogen used comes from the electrolysis of water. Also fuel cells do not require conventional fuels (oil or gas) and can therefore eliminate economic dependence on politically unstable countries. The production of fuel cell can be distributed since hydrogen can be produced anywhere with the availability of water and electricity.
According to surveys done in 2008, stationary fuel cells represent the main market focus in the United States at 30%; followed by portable at 23% and auxiliary power units for vehicles at 18%. The major benefiters of fuel cell are automotive, stationary, and portable markets.
The shipments of fuel cell systems in 2009 were approximately 24,000 units, an increase of 41 per cent compared to 2008. Cumulative shipments of all types of fuel cells by the end of 2009 totaled around 75,000 units with three-quarters of this number produced in the last three years.
Fuel cell global market is anticipated to expand from $122 million in 2008 to nearly $3 billion over the next decade. Various innovative and greener products have been released into the fuel cell environment like:
Bloom Box, the latest introduction in the fuel cell world uses a series of discs, made from zirconium oxide and coated in special inks to induce a chemical reaction that turns natural gas, among other fuels, into electricity.
Using fuel cells eliminates greenhouse gases because the hydrogen used comes from the electrolysis of water. Also fuel cells do not require conventional fuels (oil or gas) and can therefore eliminate economic dependence on politically unstable countries. The production of fuel cell can be distributed since hydrogen can be produced anywhere with the availability of water and electricity.
According to surveys done in 2008, stationary fuel cells represent the main market focus in the United States at 30%; followed by portable at 23% and auxiliary power units for vehicles at 18%. The major benefiters of fuel cell are automotive, stationary, and portable markets.
The shipments of fuel cell systems in 2009 were approximately 24,000 units, an increase of 41 per cent compared to 2008. Cumulative shipments of all types of fuel cells by the end of 2009 totaled around 75,000 units with three-quarters of this number produced in the last three years.
Fuel cell global market is anticipated to expand from $122 million in 2008 to nearly $3 billion over the next decade. Various innovative and greener products have been released into the fuel cell environment like:
- World's smallest fuel cell - The working fuel cell has been created by US chemical engineers, at just 3 millimeters across.
- Formira™ Power Pack - Tekion has integrated a battery technology with a unique micro fuel cell technology to introduce Formira™ Power Pack (personal power source) that is capable of fitting inside mobile devices.
- Suzuki Burgman Scooter - The hydrogen-powered fuel cell hybrid electric scooter has been accepted by the European Union climate-warming emissions regulatory authorities.
Swedish automaker Volvo, through its subsidiary Volvo Technology Transfer, is to receive a total of SEK 200 million (US$25m) from the Swedish Energy Agency and two other investors for the PEM fuel cell.
There are analysts forecasting the fuel cell industry that the fuel cell vehicles market will develop to generate $23.9 billion in annual revenues by 2020.
By 2015, micro fuel cell markets reach $5.59 billion.
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