Stationary Fuel Cell Market CAGR is expected to be 21.9% during the forecast period and the market size is expected to reach nearly US$ 12.04 Bn. by 2029. On the global level, concern for reducing adverse environmental impact is increasing day by day, at the same time rising public private corporates, industries, have increased the demand for unconventional energy sources. This continuously rising demand is driving the stationary fuel cell market. Fuel cells perform the electrochemical reactions, which helps in generating electricity. Stationary fuel cells are used to generate power for small devices, which also helps to produce electrical energy in large power plants. Stationary fuel cells can be used to provide additional power, by connecting to the main grid or can be used to provide emergency backup, which can be used afterwards in critical applications.To know about the Research Methodology:-Request Free Sample Report Governments around the world are funding research activities, and funding various related financing programmes, which are anticipated to support the developments in the stationary fuel cell market. Governments of matured economies such as U.S. & Europe have more emphasise on adoption to technological advancements to alter electric grids are more likely to boost the market growth in the given forecasted period. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Stationary Fuel Cell Market, Region wise Market Analysis & Forecast:
The Stationary Fuel Cell market dynamics are thoroughly studied and explained, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the stationary fuel cell market. The report covers a geographic breakdown and a detailed analysis of each of the before said segments across North America, Europe, Asia Pacific, and LAMEA, and each countries under it –Stationary Fuel Cell Market by Regional Dominance:
Asia Pacific holds a greater share in the global market in terms of volume. On the basis of volume APAC is the region which holds the largest share in the market. In region APAC country wise, Japan is the key market contributor that operates in fuel cells after which South Korea stands as second large market share holder. Huge demand of Combined Heat & Power systems in Japan and other countries in APAC will drive the market for these region. For fuel cell market, after APAC, North America is the second-largest market contributor in 2018. The key reason for the largest and continuously increasing market share is rapid commercialization and use of electric vehicles in this region. At the same time, focus towards usage of environment efficient energy sources of government as well as ease of rules & regulations for it has speed up the growth in his region.Stationary Fuel Cell Market Drivers:
Increasing energy consumption across the globe is the key factor for driving the growth in global stationary fuel market. Each & every country around the globe is focused towards using new & advanced technologies for power generation rather than regular unconventional energy sources. Simultaneously governments also shifted their focus in using such sources which has minimum adverse effects on environment. For which they have made & still concentrated in making several regulations which will flourish the global stationary fuel cell market.Stationary Fuel Cell Market challenge:
Though every small & large player in the global stationary fuel cell market is attracted toward this environment efficient energy source, but high fuel cell cost has been always been the major challenge for the market. Government of various countries is putting lots of efforts to minimise the high cost and make market players to use this source as much as possible at the place of unconventional energy sources, which in turn will also save environment from the adverse effects of energy generation, but still the high cost remains the biggest challenge in the industry.Stationary Fuel Cell Market Opportunities:
Industrialisation is rising with a drastic speed along with the newest technologies and self-power generating focus. Around the globe, companies are putting huge efforts for generating power, to avoid or reduce the dependency on other power providing companies. The research activities for this has increased by major players and even by the government of various countries in different regions. Due to which stationary fuel market is getting huge attention. Globally, the attraction towards such option has experiencing the smart growth, which has become the huge opportunity for the stationary fuel cell market.Stationary Fuel Cell Market Competitive Landscape:
Major players in the stationary fuel cell market are concentrating on developing new technologies to facilitate the industry for production of the maximum self-generated and environment efficient energy. In recent years there are many discoveries in the field of technologies with regards to stationary fuel cell, which in turn will help the industry to grow resulting boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the stationary fuel cell market is covered in the report.Stationary Fuel Cell Market, Objective of the Report:
The objective of the report is to present a comprehensive analysis of Global stationary fuel cell market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global stationary fuel cell market dynamics, structure by analysing the market segments and project the Global stationary fuel cell market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global stationary fuel cell market make the report investor’s guide.Scope Of The Stationary Fuel Cell Market: Inquire before buying
Global Stationary Fuel Cell Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.01 Bn. Forecast Period 2023 to 2029 CAGR: 21.9% Market Size in 2029: US $ 12.04 Bn. Segments Covered: by Product • PEMFC (Proton exchange membrane fuel cell) • PAFC (Phosphoric Acid Fuel Cell) • SOFC (Solid oxide fuel cell) • MCFC (Molten carbonate fuel cells) • Others by Application • Stationary • Transportation • Portable Stationary Fuel Cell Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Stationary Fuel Cell Market, Key Players are:
• Ballard Power Systems (Canada), • Bloom Energy (US), • Doosan Fuel Cell America ( US) • Fuel Cell Energy (US). • Plug Power (US), • POSCO ENERGY (Korea) • Hydrogenics (Canada), • SFC Energy (Germany) • Nedstack Fuel Cell Technology B.V. • Ceres Power Holdings Plc • Nuvera Fuel Cells LLC • SOLIDpower Group • PowerCell • AFC Energy Plc. • Fuji Electric Co., Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Stationary Fuel Cell Market ? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Stationary Fuel Cell Market ? Ans: The Global Stationary Fuel Cell Market is growing at a CAGR of 21.9% during forecasting period 2023-2029. 3. What is scope of the Global Stationary Fuel Cell Market report? Ans: Global Stationary Fuel Cell Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Stationary Fuel Cell Market ? Ans: The important key players in the Global Stationary Fuel Cell Market are –Ballard Power Systems (Canada),Bloom Energy (US),Doosan Fuel Cell America ( US)Fuel Cell Energy (US).Plug Power (US),POSCO ENERGY (Korea)Hydrogenics (Canada). 5. What is the study period of this Market? Ans: The Global Stationary Fuel Cell Market is studied from 2022 to 2029.
1. Stationary Fuel Cell Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Stationary Fuel Cell Market: Dynamics 2.1. Stationary Fuel Cell Market Trends by Region 2.1.1. North America Stationary Fuel Cell Market Trends 2.1.2. Europe Stationary Fuel Cell Market Trends 2.1.3. Asia Pacific Stationary Fuel Cell Market Trends 2.1.4. Middle East and Africa Stationary Fuel Cell Market Trends 2.1.5. South America Stationary Fuel Cell Market Trends 2.2. Stationary Fuel Cell Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Stationary Fuel Cell Market Drivers 2.2.1.2. North America Stationary Fuel Cell Market Restraints 2.2.1.3. North America Stationary Fuel Cell Market Opportunities 2.2.1.4. North America Stationary Fuel Cell Market Challenges 2.2.2. Europe 2.2.2.1. Europe Stationary Fuel Cell Market Drivers 2.2.2.2. Europe Stationary Fuel Cell Market Restraints 2.2.2.3. Europe Stationary Fuel Cell Market Opportunities 2.2.2.4. Europe Stationary Fuel Cell Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Stationary Fuel Cell Market Drivers 2.2.3.2. Asia Pacific Stationary Fuel Cell Market Restraints 2.2.3.3. Asia Pacific Stationary Fuel Cell Market Opportunities 2.2.3.4. Asia Pacific Stationary Fuel Cell Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Stationary Fuel Cell Market Drivers 2.2.4.2. Middle East and Africa Stationary Fuel Cell Market Restraints 2.2.4.3. Middle East and Africa Stationary Fuel Cell Market Opportunities 2.2.4.4. Middle East and Africa Stationary Fuel Cell Market Challenges 2.2.5. South America 2.2.5.1. South America Stationary Fuel Cell Market Drivers 2.2.5.2. South America Stationary Fuel Cell Market Restraints 2.2.5.3. South America Stationary Fuel Cell Market Opportunities 2.2.5.4. South America Stationary Fuel Cell Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Stationary Fuel Cell Industry 2.8. Analysis of Government Schemes and Initiatives For Stationary Fuel Cell Industry 2.9. Stationary Fuel Cell Market Trade Analysis 2.10. The Global Pandemic Impact on Stationary Fuel Cell Market 3. Stationary Fuel Cell Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 3.1.1. PEMFC (Proton exchange membrane fuel cell) 3.1.2. PAFC (Phosphoric Acid Fuel Cell) 3.1.3. SOFC (Solid oxide fuel cell) 3.1.4. MCFC (Molten carbonate fuel cells) 3.1.5. Others 3.2. Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 3.2.1. Stationary 3.2.2. Transportation 3.2.3. Portable 3.3. Stationary Fuel Cell Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Stationary Fuel Cell Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 4.1.1. PEMFC (Proton exchange membrane fuel cell) 4.1.2. PAFC (Phosphoric Acid Fuel Cell) 4.1.3. SOFC (Solid oxide fuel cell) 4.1.4. MCFC (Molten carbonate fuel cells) 4.1.5. Others 4.2. North America Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 4.2.1. Stationary 4.2.2. Transportation 4.2.3. Portable 4.3. North America Stationary Fuel Cell Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 4.3.1.1.1. PEMFC (Proton exchange membrane fuel cell) 4.3.1.1.2. PAFC (Phosphoric Acid Fuel Cell) 4.3.1.1.3. SOFC (Solid oxide fuel cell) 4.3.1.1.4. MCFC (Molten carbonate fuel cells) 4.3.1.1.5. Others 4.3.1.2. United States Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Stationary 4.3.1.2.2. Transportation 4.3.1.2.3. Portable 4.7.2. Canada 4.3.2.1. Canada Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 4.3.2.1.1. PEMFC (Proton exchange membrane fuel cell) 4.3.2.1.2. PAFC (Phosphoric Acid Fuel Cell) 4.3.2.1.3. SOFC (Solid oxide fuel cell) 4.3.2.1.4. MCFC (Molten carbonate fuel cells) 4.3.2.1.5. Others 4.3.2.2. Canada Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Stationary 4.3.2.2.2. Transportation 4.3.2.2.3. Portable 4.7.3. Mexico 4.3.3.1. Mexico Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 4.3.3.1.1. PEMFC (Proton exchange membrane fuel cell) 4.3.3.1.2. PAFC (Phosphoric Acid Fuel Cell) 4.3.3.1.3. SOFC (Solid oxide fuel cell) 4.3.3.1.4. MCFC (Molten carbonate fuel cells) 4.3.3.1.5. Others 4.3.3.2. Mexico Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Stationary 4.3.3.2.2. Transportation 4.3.3.2.3. Portable 5. Europe Stationary Fuel Cell Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.2. Europe Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3. Europe Stationary Fuel Cell Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.1.2. United Kingdom Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.2.2. France Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.3.2. Germany Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.4.2. Italy Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.5.2. Spain Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.6.2. Sweden Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.7.2. Austria Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 5.3.8.2. Rest of Europe Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Stationary Fuel Cell Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.2. Asia Pacific Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.7. Asia Pacific Stationary Fuel Cell Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.1.2. China Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.2.2. S Korea Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.3.2. Japan Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.4.2. India Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.5.2. Australia Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.6.2. Indonesia Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.7.2. Malaysia Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.8.2. Vietnam Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.9.2. Taiwan Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 6.3.10.2. Rest of Asia Pacific Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Stationary Fuel Cell Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 7.2. Middle East and Africa Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 7.7. Middle East and Africa Stationary Fuel Cell Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 7.3.1.2. South Africa Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 7.3.2.2. GCC Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 7.3.3.2. Nigeria Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 7.3.4.2. Rest of ME&A Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 8. South America Stationary Fuel Cell Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 8.2. South America Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 8.7. South America Stationary Fuel Cell Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 8.3.1.2. Brazil Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 8.3.2.2. Argentina Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Stationary Fuel Cell Market Size and Forecast, by Product (2022-2029) 8.3.3.2. Rest Of South America Stationary Fuel Cell Market Size and Forecast, by Application (2022-2029) 9. Global Stationary Fuel Cell Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Stationary Fuel Cell Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Ballard Power Systems (Canada), 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Bloom Energy (US), 10.3. Doosan Fuel Cell America ( US) 10.4. Fuel Cell Energy (US). 10.5. Plug Power (US), 10.6. POSCO ENERGY (Korea) 10.7. Hydrogenics (Canada), 10.8. SFC Energy (Germany) 10.9. Nedstack Fuel Cell Technology B.V. 10.10. Ceres Power Holdings Plc 10.11. Nuvera Fuel Cells LLC 10.12. SOLIDpower Group 10.13. PowerCell 10.14. AFC Energy Plc. 10.15. Fuji Electric Co., Ltd. 11. Key Findings 12. Industry Recommendations 13. Stationary Fuel Cell Market: Research Methodology 14. Terms and Glossary