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Fuel Cell & Battery Technologies

Evolution of Fuel Cells and Batteries for the Military: Trends and Markets

Report Code: FCB033A


REPORT HIGHLIGHTS
  • Zinc-air cells are projected to increase to $11 million at the largest single AAGR (21.8%) of any fuel cell technology.
  • The value of hydrogen and metal-air fuel cells is about $18 million and is projected to increase over the next five years at an AAGR of 5.1%.
  • The total U.S. market for fuel cells and advanced batteries in the military is expected to drop at an average annual growth rate (AAGR) of 7.7% from $313.4 million in 2003 to $210 million in 2008.
  • The use of advanced batteries will decline at an AAGR of -9.6 to $176 million, while fuel cells rise to complement them. 2003 figures, however, were larger than anticipated due to current military operations.

Report ID:FCB033A, Published: March 2004, Analyst: Dick Hooker, Anna Crull





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