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Nonreactive Components for Fuel Cell Balance-of-Plant Market Worth $326 Million By 2012 According to BCC Research Report

Posted on: Wednesday, 7 November 2007, 15:00 CST

According to a new technical market research report, DEMAND FOR NONREACTIVE COMPONENTS FOR FUEL CELL BALANCE OF PLANT (EGY047A) from BCC Research (www.bccresearch.com), the global market for non-reactive components for fuel cell balance-of-plant is expected to be worth $138 million in 2007. This is expected to increase to over $326 million by 2012, a compound average annual growth rate (CAGR) of 18.8%.

Although demand for non-reactive components for fuel cell balance-of-plant will continue to increase over the forecast period, the percentage penetration will reduce from 8.3% in 2007 to 2.5% in 2012. This is because the global fuel cell market will reach $13 billion in 2012, from $1.7 billion in 2007, a CAGR of 50%.

Materials and instrument suppliers are positioning themselves early to gain a competitive edge in the rapidly growing development of fuel cell technology. Interest in this market among non-reactive balance of plant component suppliers has intensified as this industry promises to be the next dramatic growth platform for materials usage.

End uses targeted for fuel cell development include automotive, portable power, home power generation, community power generation, as well as other transportation and stationary power supply sources. The use of improved balance of plant components will continue to increase for facilitating the commercialization of fuel cells.

The use of fuel cells will make some significant progress in the next 5 years to 2012 as even more stringent environmental legislation is enforced. Keeping the air clean and promoting energy security will be two key priorities for policymakers over this period.. Higher-purity transportation fuels will become mandatory and harmful chemical emissions will be drastically cut making fuel cells more appealing.

Target Date: November 2007 Electronic PDF: $4850

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (www.bccresearch.com), 40 Washington Street, Suite 110, Wellesley, MA; Telephone: 866-285-7215, editor@bccresearch.com as the source and publisher, along with report number, which can be found immediately after the report title. Thank you.

Source: Business Wire

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