Fuel Cell Industry Could Create 700,000 Green Manufacturing Jobs According to Fuel Cell Today’s 2010 Review, Fuel Cells: Sustainability
The global fuel cell industry could create 700,000 green manufacturing jobs over the next decade, according to the latest Industry Review, Fuel Cells: Sustainability from the analysts at Fuel Cell Today (FCT). The Review will be launched at the World Future Energy Summit Expert Showcase Seminar in Abu Dhabi on 19th January at 11.20am.
The 2010 Review conservatively estimates that the manufacturing of fuel cells will see the most growth in jobs in the next 10 years, with almost 700,000 cumulative jobs created in this time. In line with Fuel Cell Today’s projections of unit shipments over this period, over a million total new jobs could be created when fuel cell installation, servicing and maintenance is considered.
In a continuingly uncertain economic climate, fuel cells may offer aid the stimulus to the economies of various countries, and the potential for significant job creation. A potential green route out of recession. FCT’s proprietary job creation forecasts are presented in the Review broken down by application and by region together with a discussion and summary of the forecast trends. Job creation forecasts in the fuel cell industry are also compared against those in other sectors, such as wind and solar energy.
The Review, launched this week at the World Future Energy Summit in Abu Dhabi in front of global business and political leaders, emphasises the geographical variations in job creation. FCT’s projections show that over the next decade Asia dominates in terms of manufacturing and the key adopter regions, including Europe and North America, will be the locations for installation and maintenance jobs.
Fuel Cells: Sustainability represents the first systematic attempt to quantify the job creation potential of the fuel cell industry globally over the next decade. It highlights a number of implications for businesses and policymakers concerning wealth and job creation. It also raises a number of issues for the fuel cell industry itself which, if not addressed, could be a barrier to fuel cell adoption, including education, skills and training and supply chain development.
Principal Analyst Dr. Kerry-Ann Adamson commented: “In Europe and North America, there has been a great deal of political focus in recent years on job creation to stimulate economic growth and also to compensate for those being lost in declining industries. Jobs in the fuel cell industry are genuine green collar jobs – manufacturing jobs focused on new, clean technologies. Our analysis shows that as the fuel cell industry expands, many hundreds of thousands of new jobs will be created.”
Fuel Cell Today is the leading organisation for market based intelligence on the fuel cell industry. Covering key trends and developments in industry and government, Fuel Cell Today has provided relevant, unbiased and objective information allowing decision makers to take advantage of the opportunities that our new industry offers.
Dr. Kerry-Ann Adamson
Manager, Fuel Cell Today and FCT Consulting
Tel: 0044 1763 256326
Dr. Jonathan Butler
Senior Market Analyst, Asia
Tel: 0044 1763 256064
Lisa Callaghan Jerram
Senior Market Analyst, North America
Tel: 001 301 610 7740