Fuel Cell Markets and Technology

Basics

Fuel cells are electrochemical generators that generate electricity using hydrogen. Often seen as a replacement for the combustion technologies such as the internal combustion engine, fuel cells offer the promise of pollution-free power for the modern world.

Markets

Fuel Cell markets are expected to grow at compound rates in excess of 20% for nearly the next decade. Fuel cell markets today are estimated to be valued at nearly $1 billion and are expected to grow to over $13 billion in a decade.

Technology

There are several types of fuel cell designs. The primary differentiator is the electrolyte, or membrane material, that facilitates the electro-chemical reaction.