Fuel cell market entering a period of micro-segmentation, according to new research

8th July 2009

Fuel cells have long represented an elusive opportunity, literally a technology in search of a market, with hockey stick growth curves perpetually only a few years away, according to a new report from Pike Research.

The key to fuel cells’ adoption lies in the tactical alignment of their capabilities with the growing need for reliable, long-lasting, affordable alternatives to conventional batteries and small generators for many different portable device categories, the research finds.

‘There is no one killer app for fuel cells. Instead, there are dozens of niche applications that have an increasing need for the clean, reliable power that fuel cells can provide,’ said industry analyst Bill Matvichuk. ‘Over the next several years, fuel cell manufacturers must tailor their offerings to serve the specific requirements of a multitude of consumer and industrial products.’

Matvichuk argues that these applications will be determined largely by the power level capabilities of the fuel cells themselves.

Copyright © 2009 NewNet