The South African fuel cells market, which was worth USD XX million in 2015, is expected to witness a CAGR of XX% to reach USD XX million by 2021. Fuel cell technology has the potential to revolutionize the global energy sector. Fuel cells can replace the internal combustion engine in vehicles and provide power in stationary and portable applications.
South Africa is ideal for the growth of the fuel cell market and the government has realized the potential of fuel cells in addressing the country’s power deficiency. The South African Department of Science and Technology (DST) has initiated Hydrogen South Africa, a long-term program aimed at taking forward the country’s role in the fuel cell technology market. This government initiative is expected to go a long way in promoting the growth of the fuel cells market in the country. South Africa is also home to the largest reserves of platinum in the world; platinum is a key raw material in the manufacture of fuel cells. The country plans to utilize its natural resources as it focuses on fuel cells.
The fuel cell technology is currently at a nascent stage and this is expected to be the major restraining factor for the market. However, R&D and investments from all over the world is helping the market overcome this restraint. The initial cost and maintenance are other factors that impede the market growth.
The report divides the South African hydrogen fuel cell market based on the type of fuel cells that use hydrogen as a fuel for operation. The various types covered include PEMFC, AFC, PAFC, SOFC AND MCFC.
Mitochondria Energy Company is presently a key player in the South African market. However, many of the global majors in this field are eying the South African market, at least as a long-term investment opportunity.
SPECIALITIES OF THIS REPORT
- The report will be useful in gaining an exhaustive understanding of the global and regional market for fuel cells
- The report will be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
- This will be an ideal source material for industry consultants, manufacturers and other interested/allied parties to gain a critical insight into the factors driving and restraining the market.
- The report will provide a wide range of information about the leading market players and the major strategies adopted by them.
- This report is a central reference point on opportunities offered by the South Africa hydrogen fuel cells market and options for investments that will reap profits in near future.
WHAT THE REPORT OFFERS
- Market definition along with identification of key drivers and restraints for the market.
- Market analysis with the region-specific assessments and competition analysis on the global and regional scales.
- Identification of factors instrumental in changing the market scenarios, rising prospects/ opportunities and identification of key companies that influence the global market.
- Extensively researched sections of the competitive landscape with profiles of major companies, their strategic initiatives along with their market shares and key financial information.
- Identification and analysis of the macro and micro factors that will determine the market trend in future.
