Interest in fuel cell electric vehicles will re-emerge this year, as the limitations of battery EVs are realized, Pike Research says in a free white paper on fuel cells and hydrogen.
It’s one of ten 2012 trends to watch, says the Colorado consultancy, as worldwide revenue from fuel cells and hydrogen reaches $785 million this year.
In the U.S., Maybe Not So Much
The use of fuel cells for residential combined heat and power is experiencing a compound annual growth rate of 67.7%, Pike says, while remote sensing may well be “the breakout market for small fuel cells in 2012,” with applications including dam, seismic and wildlife monitoring, and weather stations.
On the vehicles side, “Germany, Denmark, the United Kingdom, and Europe in general will show greater interest in FCEVs than the United States,” Pike says.
Kerry-Ann Adamson is Pike’s research director. Lisa Jerram and Anissa Dehamna are also credited for the new Pike report.
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