Europe Fuel Cell Technology Market to Experience Significant Growth, Predicts Market Research Future in Its Report Available at MarketPublishers.com11 Jan 2017 • by Natalie Aster
LONDON – Growing public private relationships, increasing demand for fuel cells from different applications and the rising prices for crude oil are some of major forces that drive the European market for fuel cell technologies.
At present, Europe hold a position of the fastest growing market for fuel cell technologies. The region plans to reduce the cost of fuel cells and improve the infrastructure. This marketplace is set to grow at a high CAGR of over 70% through 2027.
Country-wise, Germany is the number one player in this region. This country is set to show market growth of above 70% in the upcoming years. At present, three fourth of European marketplace belongs to Germany. Siemens, Daimler Chrysler and Opel are among leading players.
In the UK, this market is projected to grow at a CAGR of over 25% in the offing. Currently, more than a half of fuel cell products are exported by this country.
Some of major companies in European region are Ceres power Holdings, SFC energy AG and Genport SRL.
Insightful research report “Europe Fuel Cell Technology Market Research Report - Forecast to 2021” developed by Market Research Future offers a comprehensive discussion of the European market for fuel cell technologies. The study starts with an all-round overview of the European marketplace.
It explores drivers and opportunities this space has. The report also discloses valuable details on challenges and restraints of the market. The research study analyzes the value chain and contains Porter’s five forces analysis.
It scrutinizes the marketplace on the basis of applications, end-users, capture technologies, and more. Besides, the research report limelights top regions (e.g. North America and APAC) and major countries (the U.S., Germany and Saudi Arabia).
The study focuses on the company landscape and profiles major companies (some of them are mentioned above). Future outlook through 2021 is on hand in the research report, too.
More in-demand studies by Market Research Future can be found at its page.