PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1226984
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1226984
Stationary Fuel Cell Market Size- By Technology, By Application, By Power Range, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Stationary Fuel Cell Market Overview
According to SPER Market Research, the Global Stationary Fuel Cell Market is estimated to reach USD 15.50 billion by 2032 with a CAGR of 12.29%.
Fuel cells are electrochemical devices that use the oxidation of fuel to convert chemical energy into heat and electricity (hydrogen, natural gas, or methanol). Global carbon emissions have decreased as a result of fuel cell technology research and development. Population growth has led to high levels of energy demand, which has put stress on fossil fuel supplies. On the other side, governments from all over the world are concentrating on using renewable energy to reduce the effects of carbon emissions. In the near future, stationary fuel cell applications are anticipated to increase as a result Stationary fuel cells produce energy by an electrochemical reaction rather than combustion, giving homes, companies, telecommunication networks, utilities, and other structures clean, efficient, and dependable off-grid power. Fuel cells are being used by many businesses around the US for both primary and backup power, including Adobe, Apple, AT&T, CBS, Coca-Cola, Cox Communications, Delmarva Power, eBay, Google, Honda, Microsoft, Target, and Walmart, among others.
Stationary Fuel Cell Market
Impact of COVID-19 on theGlobal Stationary Fuel Cell Market
The COVID-19 outbreak and travel restrictions had an adverse effect on the market for stationary fuel cells by reducing sales and customer demand for hydrogen power generators. The lack of sufficient raw materials and labour force also had an influence on the market, reducing sales by reducing manufacturing capacity. Since there is still room for improvement in hydrogen fuel cell technology to make it more flexible, during the pandemic years, many governmental institutions' and private businesses' research efforts came to an abrupt halt.
Scope of the Report
Report Metric Details:
- Market size available for years: 2019-2032
- Base year considered: 2021
- Forecast period: 2022-2032
- Segments covered: By Technology, By Application, By Power Range, By End User
- Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
- Companies Covered: AFC Energy Plc, Bloom Energy Corporation, Ballard power Systems, Doosan Fuel Cell America, Fuel Cell Energy Inc, Fuji Electronics, POSCO Energy, Power Cell, Siemens Energy, Solidpower Group
Global Stationary Fuel Cell Market Segmentation:
- By Technology: Based on the Technology, Global Stationary Fuel Cell Market is segmented as; Direct Methanol Fuel cell (DMFC), Molten Carbonate Fuel Cell (MCFC), Phosphoric Acid Fuel cell, Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel (SOFC), Others
- By Application: Based on the Application, Global Stationary Fuel Cell Market is segmented as; Combined Heat and Power (CHP), Prime Power, Uninterrupted Power Supply (UPS)
- By Power Range: Based on the Power Range, Global Stationary Fuel Cell Market is segmented as; 250kW-1mW, 5kW-250kW, Less than 1kW, More than 1mW
- By End User: Based on the End User, Global Stationary Fuel Cell Market is segmented as; Commercial, Industrial, residential
- By Region: This report also provide the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
Table of Contents
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Stationary Fuel cell Market
5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4.Heat map analysis
6. Competitive Landscape
- 6.1 Global Stationary Fuel cell Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Stationary Fuel cell Market
7. Global Stationary Fuel cell Market, By Technology, 2019-2032 (USD Million)
- 7.1. Direct Methanol Fuel Cell (DMFC)
- 7.2. Molten Carbonate Fuel Cell (MCFC)
- 7.3. Phosphoric Acid Fuel Cell (PAFC)
- 7.4. Proton Exchange Membrane Fuel Cell (PEMFC)
- 7.5. Solid Oxide Fuel Cell (SOFC)
- 7.6. Others
8. Global Stationary Fuel cell Market, ByApplication, 2019-2032 (USD Million)
- 8.1 Combined Heat and Power (CHP)
- 8.2 Prime Power
- 8.3 Uninterrupted Power Supply (UPS)
9. Global Stationary Fuel cell Market, By Power Range, 2019-2032 (USD Million)
- 9.1 250kW-1mW
- 9.2 5kW-250kW
- 9.3 Less than 1kW
- 9.4 More than 1mW
10.Global Stationary Fuel Cell Market, By End User, 2019-2032 (USD Million)
- 10.1 Commercial
- 10.2 Industrial
- 10.3 Residential
11. Global Stationary Fuel cell Market, By Region, 2019-2032 (USD Million)
- 11.1 Global Stationary Fuel cell MarketSizeand Market Share by Region (2019-2025)
- 11.2 Global Stationary Fuel cell MarketSizeand Market Share by Region (2026-2032)
- 11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
- 11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
- 11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
- 11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
- 11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America
12.Company Profiles
- 12.1 AFC Energy Plc.
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
- 12.2 Bloom Energy Corporation
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
- 12.3 Ballard Power Systems
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
- 12.4 Doosan Fuel Cell America
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
- 12.5 Fuel Cell Energy Inc
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
- 12.6 Fuji Electronics
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
- 12.7 POSCO Energy
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
- 12.8 Power Cell
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
- 12.9 Siemens Energy
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
- 12.10 Solidpower Group
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
