Stationary Fuel Cell Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Panasonic, Toshiba, Siemens, Fuji Electric

Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of  13.6% during the review period (2022 to 2027) 

Stationary Fuel Cell Market Overview

Stationary Fuel Cell Market size topped USD 1.6 billion in 2022 and is estimated to grow at over 13.6% CAGR from 2022 to 2027. The manufacturing expects 1.5 GW capacity by 2027.Stationary fuel cells can reduce fuel consumption by at least 50%as compared to other conventional holdup sources with internal burning trains. This is expected to boost the demand for motionless fuel cells in various segments to replace traditional energy generation products. Apart from natural benefits, stationary fuel cell systems offer many advantages over conventional combustion-based power generation systems. Stationary fuel cell systems are compact and create less noise. This is hopeful end users to replace conservative electricity generation systems with stationary fuel cell systems.Motionless fuel cells are increasingly being used as key substitutes for lithium-ion batteries and other back-up power systems in large manufacturing requests. This is expected to drive the growth of the stationary fuel cell market.The COVID-19 has affected the economic development across various regions, thereby affecting the stationary fuel cell market. Lockdown enforcements and curfews have halted many production processes, resulting in the hike of fuel prices. Moreover, shifting customer awareness to reduce GHG emissions and improve the air quality will stimulate the market demand.

Industry News -

Apr 27, 2022: Panasonic Corporation (hereinafter referred to as Panasonic) announced its plan to begin operations at its new H2 KIBOU FIELD facility on April 15, 2022. This facility was built as a demonstration of a Panasonic renewable energy solution, known as RE100 (Renewable Energy 100%)*1, in which 100% of the power used for site operations is generated from renewable resources;

July 14, 2021 : FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — applauds Governor Ned Lamont on the signing of Connecticut House Bill 6524, An Act Concerning the Solicitation of New Fuel Cell Electricity Generation Projects.

Who are the Major Players in Stationary Fuel Cell Market?

Top Key players in the Stationary Fuel Cell Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Panasonic, Toshiba, Siemens, Fuji Electric, POSCO ENERGY, Bloom Energy, JX Nippon, FuelCell Energy, Ballard Power, Plug Power, Doosan PureCell America, Altergy, SOLIDpower and others.

What are the major Applications, Types and Regions for Stationary Fuel Cell Market?

Stationary Fuel Cell Market is segmented based on the type, applications, companies and regions.

By Type, Stationary Fuel Cell Market has been segmented into 

• Proton Exchange Membrane Fuel Cells (PEMFC)


• Phosphoric Acid Fuel Cells (PAFC)


• Molten Carbonate Fuel Cells (MCFC


• Solid Oxide Fuel Cells (SOFC)


• Direct Methanol Fuel Cells (DMFC)


• Others (including Alkaline Fuel Cells)

The end user’s industry application on Stationary Fuel Cell Market is, 

• Prime Power


• CHP


• Others

Regional Analysis -

North America accounted for the largest market share in 2022 and is projected to continue leading over the forecast period, due to the commercialization and adoption of electric vehicles. However, Asia Pacific emerged as a growing market in terms of shipments. Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


•       Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Stationary Fuel Cell Market report scope?

Key Takeaways from this Stationary Fuel Cell Report

• Evaluate Stationary Fuel Cell market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Stationary Fuel Cell market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Frequently Asked Question -

What is the stationary fuel cell market worth?

The market size of stationary fuel cell hit USD 1.6 billion in 2022 and the capacity is expected to surpass 1.5 GW by 2027 due to the growing savings from the private & public sectors.

How is the demand for stationary fuel cells driven across the industrial/utility sector?

The industrial end-user segment is composed to record a CAGR of over 13.6% through 2030 owing to the influx of talented government policies.

What is the size of the stationary fuel cell industry in China?

China stationary fuel cell segment accounted for USD 21 million revenue in 2022 and will expand with the growing government emphasis on technological advancements for hydrogen FC applications.

Which are the companies operating in the stationary fuel cell landscape?

Cummins, Ballard Power, Plug Power, Posco Energy, SFC Energy, GenCell Ltd., Fuel Cell Energy, Bloom Energy. Altergy, Aris Renewable Energy LLC, and AFC Energy are some of the major players operating in the industry.