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Please note that this report contains a forecast for 2012 that has beensuperseded by the data in The Fuel Cell Industry Review 2013. Fuel Cell Today revises all forecast data when full-year information is available to accurately quantify development in the market. We also adjusted the way we report data in 2013 for the purposes of clarity and we therefore recommend that you refer to the latest Review for the most up-to-date dataset.
The Fuel Cell Today Industry Review 2012 reports annual fuel cell system shipments (excluding toys and education kits) in 2011 were 24,600 – growing by 39% compared to 2010, led by increases in the stationary sector. 2011 was by far the most successful year to date in the history of fuel cells with annual megawatts shipped exceeding 100 MW for the first time as commercialisation of the industry took hold. Growth in shipments was recorded in the majority of applications and we expect all sectors to grow through 2012.
The 2012 Review forecasts annual shipments in 2012 will triple compared to 2011 to reach a total of over 78,000 for the full year led by sales of chargers for consumer electronic devices. Annual megawatts shipped are expected to grow by over 60%, to around 176 MW, mainly due to shipments of large stationary fuel cells. Increases are also expected across all other application categories.
PEMFC will remain the dominant electrolyte in system shipments in 2012 but growth will also be seen in SOFC with increased uptake in stationary power applications. Annual megawatts of SOFC, PAFC and MCFC shipped will all increase due to growth in the large stationary power sector.
Government-led projects have supported the commercialisation of fuel cells for many years in Asia, Europe and North America and this has led to cost reduction, technological advancements and customer acceptance. Fuel cells for MHV and UPS applications are now selling without subsidies and so these regions can now plan to reduce their support, confident that purchases of fuel cell units will continue.
The 2012 Review is the second edition of our annual publication which presents a global summary of developments in the fuel cell industry during the past four years, a forecast for the current year and an outlook for the future.
The Current State of the Industry chapter covers developments during 2011 and the first half of 2012, discussing each sub-application in turn, followed by regional developments and the latest update for each main fuel cell type.
This chapter also contains three special features: the first analyses the impact of government funding on fuel cell adoption, focusing on the success of fuel cell projects funded under the American Recovery and Reinvestment Act of 2009; the second looks at the interest in fuel cells to power data centres; and the third special feature assesses the attitude of the current US Government to fuel cells and transport.
The Outlook chapter discusses our expectations for the full year 2012 and also includes commentary for each of the three main applications covering high-profile global developments taking place in the next three to five years.
Tables of data can be found at the back of the Review, including historical information dating back to 2008. Data are presented for each year in terms of annual system shipments and the total size of those systems in megawatts, both divided by application, region and fuel cell type.
The Industry Review 2012 is available as a free download, printed copies are available upon request.
Click on the cover to download the review (3.5 MB). Summary versions are available to download in Japanese, Korean and Chinese.