About Stationary Fuel Cells
A stationary fuel cell is a device that generates electricity by reforming city gas and LPG to extract hydrogen and supply it to the fuel cell. Stationary fuel cells reduce carbon emissions. It is used in various applications, such as backup power, power for remote locations, stand-alone power plants for towns and cities, distributed generation for buildings, co-generation, and many more. They produce fewer pollutants than conventional, combustion-based power generation technologies. Continuous research and development efforts have led to technological advancements in fuel cell technology, making it more reliable, cost-effective, and commercially viable. Innovations in materials, manufacturing processes, and system integration have contributed to improving the performance and durability of stationary fuel cells.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bloom Energy (United States), American Fuel Cell & Coated Fabrics Co. (Columbia), Ballard Power Systems. (Canada), Fuel Cell Technologies. Inc. (United States), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), FuelCell Energy, Inc. (United States), Fuji Electric Co., Ltd (Japan), IHI Corporation (Japan), NUVERA FUEL CELLS, LLC, (United States), Plug Power Inc. (United States), Siemens Energy (Germany), Toshiba Energy Systems & Solutions Corporation (Japan), Panasonic Industry Europe GmbH (Germany), Altergy (United States), Doosan Fuel Cell Co., Ltd (South Korea), Solid Power Inc. (United States), Advent Technologies (United States), By Type, Solid oxide fuel cell, Polymer Electrolyte Membrane Fuel Cells, Molten Carbonate Fuel Cell, Alkaline Fuel Cell, Phosphoric Acid Fuel Cell and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Stationary Fuel Cells market by Type (Phosphoric Acid Fuel Cells (PAFC), Alkaline Fuel Cells (AFC), Solid Oxide Fuel Cells (SOFC), Molten Carbonate Fuel Cells (MCFC), Polymer Electrolyte Membrane Fuel Cells (PEMFC) and Direct Methanol Fuel Cell (DMFC), Application (Uninterruptible Power Supply (UPS), Off-Grid Power, Combined Heat and Power (CHP), Combined Cooling Heat and Power (CCHP) and Others) and Region.
On the basis of geography, the market of Stationary Fuel Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Small (Less than 1 MW) will boost the Stationary Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Stationary Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in demand for Fuel Cell Contained Vehicles and Trend towards integrating stationary fuel cells with renewable energy sources
Market Growth Drivers:
Increasing adoption of Fuel Cells in various applications for energy generation and Growing concerns about climate change and air pollution, there is a rising demand for clean energy solutions.
Challenges:
Hydrogen is expensive to produce and not widely available. and Regulatory issues involved in the functioning that reflects industrial application scenarios.
Restraints:
Expensive to manufacture due the high cost of catalysts and Lack of infrastructure to support the distribution of hydrogen.
Opportunities:
Growing Hydrogen Infrastructure and Advances in fuel cell technology, such as improvements in efficiency, durability, and cost reduction
Market Leaders and their expansionary development strategies
In January 2023, Advent Technologies Holdings, Inc an innovation-driven leader in the fuel cell and hydrogen technology sectors, has collaborated with Alfa Laval, a global provider of heat transfer, separation, and fluid handling products. The acquisition will enable a faster transition to a clean energy shipping sector.
In October 2021, Panasonic Corporation has launched a pure hydrogen fuel cell generator, which generates power through chemical reaction with high-purity hydrogen and oxygen in the air. The new generator boasts the industry's best electrical efficiency of 56%. and In February 2023, the Danish fuel cell developer and manufacturer Blue World Technologies launched the CellPack Stationary, a methanol fuel cell-based power generator. The CellPack Stationary can be delivered as a 5-, 10-, or 15-kW system for installation.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization and Government Regulatory
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.