Press Release: ClearEdge : Fuel Cell Market to Grow at CAGR of 22.6% Till 2020: Grand View Research, Inc.

SAN FRANCISCO, CA--(Marketwired - Nov 16, 2015) - Global fuel cell market capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years. In addition, favorable regulatory scenario owing to shift in focus towards developing renewable energy is also expected to boost the global fuel cell market over the forecast period. However, high switching cost and lack of infrastructure in developing countries are identified as major restraints to the market.