World Fuel Cell Demand to Reach $8.5 Billion in 2016

Commercial demand for fuel cell products and services — including revenues associated with prototyping, demonstration and test marketing activities — will expand nearly sixfold to $2.5 billion in 2011 and reach $8.5 billion in 2016. Despite the small size of fuel cell technology’s current commercial footprint, a number of viable markets are expected to develop over the next ten years as technological advances and economies of scale help drive costs down to competitive levels. High energy prices and environmental concerns will also contribute to fuel cell commercialization activity and market gains.

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