Press release
Automotive Industry to Generate Lucrative Opportunities for Stationary Fuel Cell Systems Market Players Through 2027
The stationary fuel cell systems market will record a hefty 17.9% y-o-y over 2018 to reach over US$ 2,159 million by the end of 2019, reveals a recent market study published by Fact.MR. The study offers a holistic assessment on various market dynamics and macro and micro-economic factors that are influencing adoption of stationary fuel cell systems in various industrial verticals.For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2456&utm_source=openpr&utm_medium=Prasad
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.
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.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2456&utm_source=openpr&utm_medium=Prasad
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.
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.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2456?utm_source=openpr&utm_medium=Prasad
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.
Read More Trending and Similar Reports from Fact.MR – https://www.prnewswire.com/news-releases/dredging-industry-looks-for-a-revival-in-government-contracts-factmr-study-301210878.html
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.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/805/stationary-fuel-cell-systems-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Industry to Generate Lucrative Opportunities for Stationary Fuel Cell Systems Market Players Through 2027 here
News-ID: 2333216 • Views: …
More Releases from Fact.MR
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world…
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a…
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable…
Fibrin Sealants Market is Anticipated to Reach USD 1.92 Billion by 2033 | Fact.M …
The global fibrin sealants market is valued at USD 976.5 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7%, reaching USD 1.92 billion by 2033. This growth is driven by the increasing prevalence of surgical procedures requiring effective hemostasis and tissue sealing, particularly in cardiovascular, orthopedic, and general surgeries. Fibrin sealants, derived from human plasma proteins, mimic the body's natural clotting process,…
More Releases for CHP
Prominent Micro Combined Heat And Power (CHP) Market Driver for 2025: Growing De …
What Are the Projected Growth and Market Size Trends for the Micro Combined Heat And Power (CHP) Market?
The expansion of the micro combined heat and power (CHP) market has been swift in past years. There will be an increase from $4.11 billion in 2024 to $4.59 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. The escalation in the previous years can be credited to the surge…
Micro CHP Market Share, Growth Trends, and Forecast to 2028.
Global Micro CHP Market Report give our customers an exhaustive and top to bottom examination of Short-Range Servo Motors Market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Ultra-Low Power Microcontrollers Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, the…
Micro Combined Heat & Power (Micro CHP) Market 2022 | Detailed Report
The Micro Combined Heat & Power (Micro CHP) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Micro Combined Heat & Power (Micro CHP) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope,…
Micro Chp Market Size & Growth Analysis Report, 2019-2025
The Global Micro Chp Market size is expected to grow at an annual average of 13.3% during 2019-2025. Carbon emission technology is a major factor driving the market. Micro CHP technology helps reduce electricity costs and is also ideal for boiler replacement.
The following players are covered in this report:
By Type
Engine-based
Fuel Cell-based
By Technology
Internal Combustion Engine
Rankine Cycle Engine
Stirling Engine
PEMFC (Proton Exchange Membrane Fuel Cell)
SOFC (Solid Oxide Fuel Cell)
By Application
Residential
Commercial
A full report of…
CHP (Combined heat and power) Installation Market Report, 2027
Key Highlights
Combined heat and power (CHP) installation capacities have increased on the back of the growing inclination of governments in numerous countries to increase the share of CHP in modern energy generation. The drive for CHP, also called cogeneration, installation stems from the urge to meet the burgeoning needs of electricity.
Advances in CHP configurations have reduced the cost and complexity of their deployment in manufacturing facilities, especially in developed nations,…
Micro CHP Market Share, Supply, Analysis and Forecast to 2023
Global Micro CHP Industry
New Study On “2019-2023 Micro CHP Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database
Micro combined heat and power (micro-CHP) is a combined technology which generates heat and electricity by using the fuel cell or through an internal combustion engine. The produced energy supports in providing power in individual homes, complexes and buildings. Heat is the main output of a…
