NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/07 - Europe is projected to capture around 60% of the global fuel cell bus manufacturing by the end of 2012, says RNCOS in its latest report.
The fuel cell market has shown strong growth for the past few years on the back of rising number of fuel cell unit installations in different parts of the world. According to our new research report “Fuel Cell Industry Analysis”, Europe is expected to dominate the fuel cell bus-manufacturing sector with the market share of around 60% by the end of 2012. The governments of European countries support the implementation of fuel cell technology in the public transport. Asia and North America will follow Europe in terms of fuel cell bus manufacturing.
Our research has found that Europe leads the promotion of fuel cell bus deployments. At present, there are over 17 cities in the region aggressively deploying fuel cell buses with the help of government-funded programs. The bus manufacturing centers tend to be localized with the cities/countries purchasing buses from their domestic manufacturers. Moreover, these manufacturing projects heavily dependent on the government support as they are based in their respective countries.
We have also found that fuel cell shipments are likely to grow at a CAGR of over 75% during 2010-2012 on the back of wider application of fuel cell technology in the non-manufacturing nations.
The report studies various market trends prevailing in the industry and analyzes their importance in the development of fuel cell Industry over the next few years. The report thoroughly examines the industry by countries - the US, Canada, Korea, Japan, China, India, Germany, Denmark and South Africa. Major fuel cell manufacturing players e.g. General Motors, Ford Motor Company, Honda, Hyundai and Toyota have also been analyzed in the report.
“Fuel Cell Industry Analysis” provides comprehensive information and trends analysis of the global fuel cell industry. The report covers every aspect of the industry and its future potential. Our team of experts has put their utmost effort to make this report valuable which will certainly help clients in making prudent investment decisions.
RNCOS (rncos.com) 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.