FUEL CELLS IN THE FAR EAST

Fuel Cells in Asia Pacific; Fuel Cell Technology Innovations, Market Trends, and Forecasts: Stationary, Transportation, and Portable Power Applications
3Q 2011 (Pike research)

"In the Asia Pacific region, fuel cell technology has gained a great deal of momentum and is being employed in an ever-increasing array of applications – from enabling high-efficiency homes, decarbonizing transportation, and cleaning up ports to reducing energy dependence on oil-producing nations and increasing resilience in energy networks.

"In the stationary fuel cell sector, Japan and Korea have had projects in place for a sufficient length of time and achieved several milestones with regard to proving the technology and its business feasibility. In the case of residential combined heat and power (resCHP), Japan began offering commercial solutions…in 2009 and Korea has followed suit…"

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"With the national technology innovation program as part of its Five-Year Plan, China has been driving fuel cell research through government, academia, and enterprises, and for the most part, the country is focusing its efforts on fuel cell transportation. The consumer electronics market also holds enormous potential for portable fuel cells across the Asia Pacific region; however, market development is proceeding slowly.

"This Pike Research report provides insight into fuel cell industry dynamics, market trends, and technology innovations for three main sectors: stationary fuel cells, fuel cell vehicles, and fuel cells for portable power applications in the Asia Pacific region…[and predicts the total market will reach $6.7 billion] through 2017…"