Press release
Stationary Fuel Cell Systems Market - Plug Power Inc., Fuelcell Energy Inc., Doosan Fuel Cell America, Ballard Power Systems, POSCO ENERGY, SOLIDpower Group, Bloom Energy Corporation, PowerCell, AFC Energy Plc., and Fuji Electric Co., Ltd.
Stationary Fuel Cell Systems Market
Combined heat and power (CHP) or cogeneration is one of the most common applications of stationary fuel cell systems, which accounted for the largest revenue share of over 45% in 2018, according to the Fact.MR study.
“CHP is one of the most commonly used stationary power generation systems installed to generate electricity as well as heat. In the modern days, fuel cells are widely used in the manufacturing of CHP, which acts of the leading driving force for the growth of the stationary fuel cell systems market,” said a lead analyst at Fact.MR.
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“When stationary fuel cell systems are incorporated in CHP, it offers extraordinary benefits in terms of efficiency, sustainability, reliability, and cost-efficiency. As compared to conventional power generation methods, which commonly involve combustion engines, CHP is considered environment-friendly and highly efficient, which is boosting adoption of stationary fuel cell systems among CHP manufacturers across the world.”
Apart from the efficiency- and sustainability-related benefits of incorporating stationary fuel cell systems in CHP, subsidies and incentives offered by governing bodies in various regions is providing a fillip to the global demand for stationary fuel cell systems in the CHP industrial sector. For example, the U.S. Environmental Protection Agency (EPA) removed policy barriers for CHP projects in the region, and it is establishing partnerships with CHP stakeholders to provide them with necessary resources, tools, and policy information.
The positive growth environments for CHP applications in various regions is expected to generate most lucrative opportunities for players in the stationary fuel cell systems market. Consumers’ awareness and favorable regularity framework for CHP is expected to make it the most popular application of stationary fuel cell systems in the upcoming years.
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APEJ Region will Outperform Developed Regions to Generate Maximum Sales Opportunities for Stationary Fuel Cell Systems
According to the Fact.MR study, the APEJ region has witnessed the highest growth rate in the past few years, and accounted for over one third revenue share in the stationary fuel cell systems market in 2018. While developed countries have continually created a positive growth environment for stationary fuel cell systems, the Asia Pacific region excluding Japan (APEJ) has outpaced other regions to attract maximum investments from stakeholders in the stationary fuel cell systems market.
Recent developments and technological transformations in the automotive industry in the APEJ region have triggered the use of stationary fuel cell systems in modern vehicles. Increasing environmental concerns and governmental strategies are driving leading automakers in the region to boost the use of stationary fuel cell systems in electric vehicles for stationary power generation in automobiles.
Recently, Korean Prime Minister Lee Nak-yon proposed to make use of world-class technology to use hydrogen fuel cell in police buses, in order to engage more eco-friendly vehicles in the country. As a result, the government projects a potential rise in domestic demand for emission-free vehicles, which will ultimately generate lucrative opportunities for manufacturers in the stationary fuel cell systems market.
In addition, Hydrogen Utility (H2U), an Australian infrastructure company, has proposed to establish a $117.5 million, hydrogen-fuelled electrolyzer plant in South Australia. The company received a $7.5 million loan and $4.7 million grant from the state renewables fund, which signifies favorable governing policies that are a positive growth environment for stationary fuel cell systems market players in the Asia Pacific region.
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The Fact.MR study opines that the stationary fuel cell systems market in the APEJ region will continue to lead the rally in the upcoming years. The study provides optimistic growth prospects of the stationary fuel cell systems market for the assessment period of 2018-2027. According to the Fact.MR study, the stationary fuel cell systems market will envisage a staggering 19.8% value CAGR during the forecast period 2018-2027.
Table of Contents Covered in the report are:
Chapter 1 Global Stationary Fuel Cell System Market - Executive Summary
1.1 Stationary Fuel Cell Systems Market- Opportunity Assessment
1.2 Mega Trends
Chapter 2 Global Stationary Fuel Cell System Market Overview
2.1 Introduction
2.1.1 Global Stationary Fuel Cell System Market Taxonomy
2.1.2 Global Stationary Fuel Cell System Market Definition
2.2 Global Stationary Fuel Cell System Market Size (Value (US$ Mn) & Volume (kW)) and Forecast, 2013-2027
2.2.1 Global Stationary Fuel Cell System Market Y-o-Y Growth
Chapter 3 Global Stationary Fuel Cell Systems Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Trends
Chapter 4 Global Stationary Fuel Cell Systems Market – Key Assessment
4.1 Classification of stationary fuel cell systems
4.2 Fuel Cell Applications
4.3 Types of End-User
4.4 PESTLE Analysis
4.5 Porters Fiver Forces Analysis
4.6 Global Stationary Fuel Cell Market – Forecast Scenario
4.7 Major barriers to commercialization for stationary fuel cells and their severity
4.8 Stationary Fuel Cell: Operation
4.9 Macro-economic factors
4.10 Forecast Factors and relevance of impact
4.11 Region wise Market Positioning Assessment
Chapter 5 Global Stationary Fuel Cell Systems Market – Price Point Analysis
5.1 Price Point Assessment by Region
5.2 Price Point Assessment by Technology
5.3 Regional Price Analysis by Technology
5.4 Factors Influencing Pricing
Chapter 6 Global Stationary Fuel Cell System Market Analysis and Forecast 2013-2027
6.1 Global Stationary Fuel Cell System Market Size and Forecast by Technology, 2013-2027
6.1.1 MCFC Market Size and Forecast, 2013-2027
6.1.1.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.1.1.2 Market Share Comparison, By Region
6.1.1.3 Y-o-Y growth Comparison, By Region
6.1.2 PAFC Market Size and Forecast, 2013-2027
6.1.2.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.1.2.2 Market Share Comparison, By Region
6.1.2.3 Y-o-Y growth Comparison, By Region
6.1.3 PEMFC Market Size and Forecast, 2013-2027
6.1.3.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.1.3.2 Market Share Comparison, By Region
6.1.3.3 Y-o-Y growth Comparison, By Region
6.1.4 SOFC Market Size and Forecast, 2013-2027
6.1.4.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.1.4.2 Market Share Comparison, By Region
6.1.4.3 Y-o-Y growth Comparison, By Region
6.2 Global Stationary Fuel Cell System Market Size and Forecast By Power Range, 2013-2027
6.2.1 Prime Power Market Size and Forecast, 2013-2027
6.2.1.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.2.1.2 Market Share Comparison, By Region
6.2.1.3 Y-o-Y growth Comparison, By Region
6.2.2 Uninterrupted Power Supply (UPS) Market Size and Forecast, 2013-2027
6.2.2.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.2.2.2 Market Share Comparison, By Region
6.2.2.3 Y-o-Y growth Comparison, By Region
6.2.3 Combined Heat and Power (CHP) Market Size and Forecast, 2013-2027
6.2.3.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.2.3.2 Market Share Comparison, By Region
6.2.3.3 Y-o-Y growth Comparison, By Region
6.3 Global Stationary Fuel Cell System Market Size and Forecast By Power Range, 2013-2027
6.3.1 Less than 1Kw Market Size and Forecast, 2013-2027
6.3.1.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.3.1.2 Market Share Comparison, By Region
6.3.1.3 Y-o-Y growth Comparison, By Region
6.3.2 5kW-250kW Market Size and Forecast, 2013-2027
6.3.2.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.3.2.2 Market Share Comparison, By Region
6.3.2.3 Y-o-Y growth Comparison, By Region
6.3.3 250kW-1mW Market Size and Forecast, 2013-2027
6.3.3.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.3.3.2 Market Share Comparison, By Region
6.3.3.3 Y-o-Y growth Comparison, By Region
6.3.4 More than 1mW Market Size and Forecast, 2013-2027
6.3.4.1 Revenue (US$ Mn) & Volume (kW) Comparison, By Region
6.3.4.2 Market Share Comparison, By Region
6.3.4.3 Y-o-Y growth Comparison, By Region
Chapter 7 North America Stationary Fuel Cell System Market Size and Forecast, 2013-2027
7.1 North America Market Outlook
7.2 Revenue (US$ Mn) & Volume (kW) Comparison, By Country
7.3 Revenue (US$ Mn) & Volume (kW) Comparison, By Technology
7.4 Revenue (US$ Mn) & Volume (kW) Comparison, By Application
7.5 Revenue (US$ Mn) & Volume (kW) Comparison, By Power Range
And Continue...
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