Hydrogen and Fuel Cell Sector to Grow 26% Annually to 2023, says PATH
Visit http://www.hpath.org for further information New report reveals data on global hydrogen and fuel cell industry. Submitted on 01/25/13, 06:48 AM WASHINGTON, D.C. – The global fuel cell and hydrogen energy market is projected to be worth over $180 billion in 2050 and revenues in the fuel cell sector are projected to grow at a rate of 26% annually over the next decade, according to a report released today by the Partnership for Advancing the Transition to Hydrogen (PATH). PATH is the international coalition of national hydrogen associations. The 2011-2012 Annual Report on World Progress in Hydrogen, PATH's second such report which includes the fuel cell market, also shows new progress in the sector in just the past 2 years. Data contributed by PATH's members show interesting trends within key
countries developing the hydrogen and fuel cell markets and a new look
at the sector globally. For example, Italy recently invested €1.4
million in a project testing fuel cell vehicles on public roads in
Perugia and implemented 9 trolleybuses in the City of Parma, while
Germany opened the largest hydrogen refueling station in Europe in 2012,
with the capability of delivering 750 kg of hydrogen daily, enough to
fuel about 250 vehicles per day. Worldwide employment is expected to
rise to 700,000 workers by 2019, and, in the United States, fuel cell
vehicles on the road are anticipated to rise from 430 in 2013 to over
53,000 by 2017. A special new report on Argentina highlights their
efforts to promote the industry at both the local and international
levels.
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