Fuel Cell Today report predicts strong growth in fuel cells for materials handling
Doubling of shipments in 2012 occurred even in absence of extensive government subsidies.
By Josh Bond, Associate Editor
September 14, 2012
According to a new report from Fuel Cell Today, a London-based market intelligence firm, annual global fuel cell shipments are set to triple between 2011 and 2012, with shipments of fuel cells for materials handling vehicles (MHV) set to double. MHV make up just a small portion of the global fuel cell market, and an even smaller portion of the total forklift market, but the report predicts rapid growth in both areas, particularly in North America.
“The market for materials handling vehicles has enjoyed several years of support in the United States and this looks set to continue,” reads the report, which estimates more than 3,100 fuel cell transport units will be shipped in 2012. That’s double last year’s figures and nearly 25% greater than the height of Recovery Act-subsidized shipments. “The large ﬂeets of hydrogen fuel cell MHV have proven their viability, repeat orders are being placed without subsidies, and U.S. companies are looking to expand their operations overseas. We now expect government focus to shift slightly towards small ﬂeets where the installation of a hydrogen infrastructure is not currently cost efﬁcient.”