Asia-Pacific region by the policy-driven fuel cell market is growing rapidly

According to market research firm Frost & Sullivan's latest report, the global wave of green energy, fuel cells for the Asia Pacific region (fuelcells) momentum in the market, the region just stationary fuel cell (stationaryfuelcells) market size, expected in 2015 to 1.9 billion.

The agency also pointed out that most of the Asia Pacific market plans between 2020 ~ 2025, so that application of renewable energy in the total proportion of energy in the 8 to 20%. Active utilization of renewable energy targets, and support from governments, such as geographical advantages help make the region a set of renewable energy power plants, or the development of fuel cells suitable location.

Frost & Sullivan's report, Asia-Pacific stationary fuel cell market size in 2008 was 142 million revenue, estimated in 2015 that figure could reach 1.9 billion. At the same time portable fuel cell market in the region in 2008 on revenue of 100 million U.S. dollars, estimated that by 2015 could reach 1,200 million-dollar.

Over the past few years, the world stepped up to promote green energy technologies; and "Kyoto Protocol" carbon reduction consensus, governments reduce emissions targets, and a variety of green technology research and development, are to promote the region to adopt more innovative, clean technology power. Fuel cell is just one example.

Fuel cell to maintain its current market position, the main force is subsidies from governments to encourage and preferential policies; and fuel cells will eventually become a source of power options, depending on how local government to actively and efficiently marketing the technology .

Meanwhile South Korea's Ministry of Knowledge Economy (MinistryofKnowledgeEconomy, MKE) is also expanding support for fuel cell testing and promotion, hoping to encourage the adoption of relevant technologies. As for Australia, New Zealand and several Southeast Asian countries, promotion of fuel cell technology is still in the planning stage; including Singapore, Malaysia and Thailand, are actively developing fuel cell R & D capabilities.

In Southeast Asia, running in front of Singapore, the Government is committed to the country as a regional R & D and application of fuel cell technology center; but most other countries, the demand for fuel cells is still limited, mainly the local government did not provide adequate support, and because of the high development costs of the technology.

Overall, diesel, natural gas engines or generator sets and other products, compared to more mature technologies, fuel cells are still at a relatively competitive disadvantage; Therefore, in addition to the technical progress made, the fuel cell industry also have a positive customer and consumer education , so that they understand the benefits of fuel cell technology.

"At the moment, other renewable energy sources such as solar panels, wind generators, etc., appear to be higher in the near future with the development potential of the fuel cell in a large number of its real step into the market before, requires further observation . "Frost & Sullivan analyst IrinaSidneva said.

Sidneva that the cost of fuel cells must be reduced ten times the operational life must be extended twice, only to enter the mass market more competitive. In addition, the agency predicted, stationary fuel cells used in a large number of Asia-Pacific region, will begin in 2015, as extensive use of portable fuel cells is the point in time in 2020.

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