Released on = July 14, 2006, 12:12 am

Press Release Author = RNCOS

Industry = Energy

Press Release Summary = R&D is the focal point of scientific developments and rapid
commercialization of fuel cell vehicle technology, aimed at emerging as a viable
powering source.

Press Release Body = The Year 2005 saw steady increase in investments in research
and development related to fuel cell vehicle technology, with U.S companies
contributing major chunks of investments. Worldwide spending on fuel cell R&D
activities in 2003 and 2004 stood at $659 Mn and $716 Mn respectively, an increase
of 9% over the previous year.

The fuel cell market is expected to exceed $19 Bn by 2013, and has the potential to
hit nearly $36 Bn within that time. While the market for fuel cell technology is
still in the developing phase, manufacturers have recently been targeting
residential and simple stationary applications.

R&D projects are aimed at advancing fuel cell vehicle technology and accelerating
the process of commercialization. The research programs are applied to different
strategic areas, crutial for reliable and safe technology applications.

The research report on fuel cell technology, \"Market for Fuel Cell Technology
(2006-2007)" prepared by RNCOS, India-based Research and Consultancy services firm,
explains that Germany is one of the leading European country that is gradually
becoming a hub of fuel cell R&D activities. In 2004, the German economy directed a
total of $72 Mn into fuel cell R&D, representing approximately 10% share of the
global fuel cell R&D activities.

The report deals with certain critical issues associated with the fuel cell market.
It focuses on the following:

· The significant features of fuel cell vehicle technology.
· The current status of fuel Cell industry.
· The Automotive Hydrogen Infrastructure.
· The countries investing in R&D for fuel cell industry.
· The Government initiatives for growth of business.
· Competitive advantage of companies operating different fuel cell projects.

RNCOS' market research report \"Market for Fuel Cell Technology (2006-2007)\" gives a
detailed overview of the global fuel cell industry. This report will aid businesses
and academics interested in acquainting themselves with the developments and
opportunities in fuel cell vehicle market.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

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