Stationary Fuel Cell Market Size - By Capacity (<3 kW, 3 kW - 10 kW, 10 kW - 50 kW, >50 kW), By End Use (Residential, Commercial, Industrial/Utility), By Application (Prime Power, CHP), & Forecast, 2023

Description

List of Tables

The stationary fuel cell market is expected to record over 13.9% CAGR from 2023 to 2032, primarily propelled by a commitment to environmental sustainability, energy security, and a rising awareness of the benefits of fuel cell technology. In March 2023, Honda started the operation of a stationary fuel cell power station on its California campus. It is the company's first step towards commercializing zero-emission backup power generation.

Governments worldwide are incentivizing the adoption of cleaner energy sources, and the private sector is responding with increased investment in R&D. Moreover, the need for resilient and decentralized energy systems is further fueling the adoption of stationary fuel cells in various applications.

The stationary fuel cell market is classified based on capacity, end-use, application, and region.

The 10kW - 50 kW capacity segment is predicted to witness substantial growth through 2032. This range strikes a balance between scalability and efficiency, making it an ideal choice for diverse applications, including small businesses, commercial establishments, and grid support services. The versatility of this 10kW to 50kW fuel cell ensure a reliable and efficient power supply tailored to specific energy needs.

The residential sector is anticipated to generate massive revenues in the market by 2032 due to the transformative shift towards sustainable living. With advancements in technology and a growing emphasis on distributed energy generation, residential users are turning to fuel cells for clean, uninterrupted power. The increasing integration of stationary fuel cells in homes, offering homeowners an eco-friendly and efficient energy solution that reduces dependence on traditional grid systems is driving the segment growth.

North America stationary fuel cell industry size will expand significantly through 2032 owing to the region's commitment to reducing carbon emissions. Favorable government policies and robust R&D activities have created a conducive environment for the product integration. As industries and consumers alike seek sustainable energy alternatives, North America is witnessing rapid adoption, showcasing the region's pivotal role in shaping the future of stationary fuel cell technology.

Product Code: 5221

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Stationary fuel cell industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Capacity trends
- 2.1.3 End Use trends
- 2.1.4 Application trends
- 2.1.5 Regional trends

Chapter 3 Stationary Fuel Cell Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
  - 3.3.1.1 Initiatives towards developing a hydrogen economy
  - 3.3.1.2 Increasing demand for small and large capacity stationary systems
  - 3.3.1.3 More efficient than batteries
  - 3.3.1.4 Environment-friendly and a better alternative than existing options
- 3.3.2 Industry pitfalls & challenges
  - 3.3.2.1 Lack of infrastructure
3.4 Growth potential analysis
3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
- 4.2.1 Strategic dashboard

Chapter 5 Stationary Fuel Cell Market, By Capacity

5.1 Key capacity trends
5.2 <3 kW
5.3 3 kW - 10 kW
5.4 10 kW - 50 kW
5.5 >50 kW

Chapter 6 Stationary Fuel Cell Market, By End Use

6.1 Key end use trends
6.2 Residential
6.3 Commercial
6.4 Industrial/Utility

Chapter 7 Stationary Fuel Cell Market, By Application

7.1 Key application trends
7.2 Prime Power
7.3 CHP
7.4 Others

Chapter 8 Stationary Fuel Cell Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Austria
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 South Korea
- 8.4.4 India
- 8.4.5 Philippines
- 8.4.6 Vietnam
8.5 Middle East & Africa
- 8.5.1 South Africa
- 8.5.2 Saudi Arabia
- 8.5.3 UAE
8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Peru
- 8.6.3 Mexico

Chapter 9 Company Profiles

9.1 Cummins Inc.
9.2 Ballard Power Systems
9.3 Plug Power Inc.
9.4 NUVERA FUEL CELLS, LLC.
9.5 Bloom Energy
9.6 Doosan Fuel Cell Co., Ltd.
9.7 Siemens Energy
9.8 Fuji Electric Co., Ltd.
9.9 Fuel Cell Energy, Inc.
9.10 TOSHIBA CORPORATION
9.11 SFC Energy AG
9.12 Altergy
9.13 AFC Energy PLC
9.14 GenCell Ltd.
9.15 poscoenergy