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Pike Research: Fuel Cell and Hydrogen Industry: Ten Trends to Watch in 2011 and Beyond

The fuel cell industry is continuing to heat up after growing despite the pressures of the recession.

Pike Research

2/2/2011

Despite the chill the recession put on most industries' growth, the fuel cell industry continued to expand even in the midst of a downturn, capturing more than $750 million in revenues in 2010. Pike Research identifies 10 key industry trends that are affecting this market.

"Fuel cells are finding a place in an increasing number of commercial applications, and 2011 is shaping up to be a big year in terms of market development," says Research Director Kerry-Ann Adamson. "Industry consolidation is a trend that has been long anticipated, but will only accelerate during the course of the year. In addition, new issues have sprung out of nowhere in the past year such as concerns over supply of rare earth metals."

Some key trends for this year and beyond include:
• The continuing growth and release of fuel cell vehicles
• The increasing influence of Japan and Korea in the industry
• The emergence of hydrogen as an energy storage medium
• Rare earth restrictions hindering fuel cell adoption

View the report at Pike Research.