United States Fuel Cell Market (2014 -2019) | 6Wresearch
United States Fuel Cell Market Synopsis North American region is the second largest revenue-generating region in the global fuel cell market after Asia-Pacific. The growth of the North American region is primarily dependent on the growing demand for fuel cells in the United States. The United States accounted for more than 60% of the North American Fuel cell market. Companies such as Fuel Cell Energy, Ballard, and Plug Power are contributing majorly to the growth of the fuel cell market in the United States. According to 6Wresearch, the United States Fuel cell market is projected to reach $1.42 billion by 2019. Proton Exchange Membrane Fuel Cell (PEMFC) technology occupies the lion’s share in the overall market due to its ease of usage, cost efficiency, and higher backup power. Though the PEMFC market is anticipated to remain dominant during 2014-19, higher growth rates are expected from other fuel cell technology markets such as Molten Carbonate Fuel Cells (MCFC) and Direct Methanol ...