Market Projections: UPS & Fuel Cells
Staff -- Consulting-Specifying Engineer, 9/1/2001
Researchers at Business Communications Co. (www.bccresearch.com) have projected future markets for fuel cells and uninterruptible power systems (UPS). The fuel cell market alone is projected to experience phenomenal growth:
Fuel cells. Estimated at $218 million for last year, the fuel cell market is forecasted to increase to $2.4 billion by 2005—growing at an average rate of more than 60% annually. Fuel-cell plants that generate electricity and usable heat can be built in sizes from 200 kilowatts to 100 megawatts, researchers report.
UPS. Growth in this market will average 12.7% from 2000 to 2005, reaching $11 billion in 2005. Flywheel UPS device sales in 2000 were $230 million.
From Pure Power, Fall 2001.
| 2000 | 2005 | Average Annual Growth | |
| Standby, Online, Line-Interactive and Flywheel UPS Equipment | $5,327 | $9,832 | 13.0% |
| Battery Replacement Kits/Packs | 441 | 723 | 10.4% |
| Accessory Shipments | 373 | 629 | 11.0% |
| Total Shipments | $6,141 | $11,184 | 12.7% |
