Stationary Fuel Cell Market Growth, Share, Size, Trends, Challenges and Future Opportunities 2032
Stationary Fuel Cell Market Size- By Technology, By Application, By Power Range, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: POAE2312 | Pages: 1 - 230 | Formats*: |
| Category : Power & Energy | |||
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.
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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.
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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:
1. By Technology:
- Direct Methanol Fuel Cell (DMFC)
- Molten Carbonate Fuel Cell (MCFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Solid Oxide Fuel Cell (SOFC)
2. By Application:
- Combined Heat and Power (CHP)
- Prime Power
- Uninterrupted Power Supply (UPS)
3. By Power Range:
- 250kW-1mW
- 5kW-250kW
- Less than 1kW
- More than 1mW
4. By End User:
- Commercial
- Industrial
- Residential
5. By Region:
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Stationary Fuel Cell Market (FY’2019-FY’2032)
- Overview of Global Stationary Fuel Cell Market
- Segmentation of Global Stationary Fuel Cell Market By Technology (Direct Methanol Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cell, Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel, Others)
- Segmentation of Global Stationary Fuel Cell Market By Application (Combined Heat and Power, Prime Power, Uninterrupted power Supply)
- Segmentation of Global Stationary Fuel Cell Market By Power Range (250kW-1mW, 5kW-250kW, Less than 1kW, More Than 1mW)
- Segmentation of Global Stationary Fuel Cell Market By End User (Commercial, Industrial, Residential)
- Statistical Snap of Global Stationary Fuel Cell Market
- Growth Analysis of Global Stationary Fuel Cell Market
- Problems and Challenges in Global Stationary Fuel Cell Market
- Competitive Landscape in the Global Stationary Fuel Cell Market
- Impact of COVID-19 and Demonetizationon Global Stationary Fuel Cell Market
- Details on Recent Investment in Global Stationary Fuel Cell Market
- Competitive Analysis of Global Stationary Fuel Cell Market
- Major Players in the Global Stationary Fuel Cell Market
- SWOT Analysis of Global Stationary Fuel Cell Market
- Global Stationary Fuel Cell Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Stationary Fuel cell Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4.Heat map analysis
6. Competitive Landscape
6.1 Global Stationary Fuel cell Manufacturing Base Distribution, Sales Area, Product Type6.2 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 Power8.3 Uninterrupted Power Supply (UPS)
9. Global Stationary Fuel cell Market, By Power Range, 2019-2032 (USD Million)
9.1 250kW-1mW9.2 5kW-250kW9.3 Less than 1kW9.4 More than 1mW
10.Global Stationary Fuel Cell Market, By End User, 2019-2032 (USD Million)
10.1 Commercial10.2 Industrial10.3 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-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific11.4 Europe11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12.Company Profiles
12.1 AFC Energy Plc.12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Bloom Energy Corporation12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Ballard Power Systems12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 Doosan Fuel Cell America12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Fuel Cell Energy Inc12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Fuji Electronics12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 POSCO Energy12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 Power Cell12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Siemens Energy12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Solidpower Group12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
population growth has led to high levels of energy demand, which has put stress on fossil fuel supplies.
Stationary Fuel Cell Market is projected to reach USD 15.50 billion by 2032, growing at a CAGR of 12.29% during the forecast period.
Stationary Fuel Cell Market grew in market size from 2021. The Market is expected to reach USD 15.50 billion by 2032, at a CAGR of 12.29% during the forecast period.
Stationary Fuel Cell Market CAGR of 12.29% during the forecast period.
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Stationary Fuel Cell Market size is USD 15.50 billion from 2022 to 2032.
Stationary Fuel Cell Market Segment is Covered By Component, By Technology, By Application, By Power Range, By End User.
The North America region is anticipated to have the highest market share in Stationary Fuel Cell Market.
The key players in the market include 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
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