Press release
Stationary Fuel Cell Market Dynamics: Growth Opportunities and Share Analysis by 2031
The global stationary fuel cell market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period. Surging investments from the private and public sectors focusing on establishing the hydrogen infrastructure along, with the growth in efficient power generation and transmission solutions support the growth of the market. Moreover, numerous government funding programs in line with the growing deployment of small and large-scale stationary fuel cells will further drive the growth of the market during the forecast period. For instance, the South Korean government, aims to deploy nearly 15 GW of cumulative capacity for utility-scale fuel cells by 2040. In August 2022, the National Renewable Energy Laboratory (NREL) collaborated with Toyota Motor North America (Toyota) through a cooperative R&D agreement to build, install, and evaluate a 1-megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at NREL's Flatirons Campus. This three-year, $6.5 million project is funded in part by the US Department of Energy's (DOE's) Hydrogen and Fuel Cell Technologies.Download Full PDF Sample Copy of Stationary Fuel Cell Market Report @ https://www.omrglobal.com/request-sample/stationary-fuel-cell-market
Additionally, makret players such as Nedstack, Nuvera Fuel Cells, Llc, Solidpower Gmbh, and Quantron AG are adopting various strategies such as partnership, collaboration, funding and investment to upscale their presence in the global market. For instance, in September 2022, Ballard Power Systems announced a minority equity investment in Quantron AG, to accelerate fuel cell truck adoption. As part of Quantron's financing round of up to 50 million euros, Ballard's investment proceeds will be used by Quantron to develop their truck fuel cell vehicle platforms, under the terms of a Joint Development Agreement. The zero-emission fuel cell electric vehicle platforms developed by Quantron are integrated with Ballard fuel cell products for various truck applications in Europe and the US.
Inquiry Before Buying On The Purchase Of This Report @ https://www.omrglobal.com/inquiry-before-buying/stationary-fuel-cell-market
Market Coverage
Segment Covered-
o By Capacity
o By Applications
o By End Users
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- including Fuel Cell & Hydrogen Energy Association, FuelCell Energy Inc., Plug Power Inc., Posco Energy., Robert Bosch GmbH, Fuel Cell works, and GenCell Ltd., and others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Stationary Fuel Cell Market Report Segment
By Capacity
< 3 kW
3 kW - 10 kW
410 kW - 50 kW
> 50 kW
By Applications
Prime Power
Uninterrupted Power Supply (UPS)
Combined Heat and Power (CHP)
By End-Users
Hospitals
Data Centers
Grocery and Retail Stores
Fire Stations
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Information or Query, Visit @ https://www.omrglobal.com/industry-reports/stationary-fuel-cell-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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