Stationary fuel cells are used as primary propulsion power, combined heat & power source (CHP), and backup for fixed applications. The growing need to lower dependency on oil, diesel, and other sources for power generation is one of the significant factors fueling the stationary fuel cell systems market growth. Furthermore, fuel cells have a huge potential to generate power, and ensuring a reduction of carbon footprints, is also supporting the stationary fuel cell systems market development during the forecast period.
MARKET DYNAMICS
Stationary fuel cells offer more versatile benefits over conventional, combustion-based power generation systems. Additionally, these fuel cell systems create less noise and are compact & environmentally friendly. These are the most prominent factors to replace conventional electricity generation systems with fuel cell systems, which augments the stationary fuel cell systems market growth. However, the high cost of fuel cells and low adoption rate may hamper the stationary fuel cell systems market development. Moreover, growing investments in developing hydrogen infrastructure coupled with the high efficiency and low maintenance of fuel cells are expected to influence the stationary fuel cell systems market growth in the coming years.
MARKET SCOPE
The "Global Stationary Fuel Cell Systems Market Analysis to 2028" is a specialized and in-depth study of the stationary fuel cell systems industry with a special focus on the global market trend analysis. The report aims to provide an overview stationary fuel cell systems market with detailed market segmentation as type, capacity, end-user, and geography. The global stationary fuel cell systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stationary fuel cell systems market players and offers key trends and opportunities in the stationary fuel cell systems market.
MARKET SEGMENTATION
The global stationary fuel cell systems market is segmented on the basis of type, capacity, end-user. On the basis of type the market is segmented as proton exchange membrane fuel cells [PEMFC], phosphoric acid fuel cells [PAFC], molten carbonate fuel cells [MCFC], solid oxide fuel cells [SOFC], others. On the basis of capacity the market is segmented as below 5 kw, 5 kw - 250 kw, 250 kw - 1mw, above 1mw. On the basis of end-user the market is segmented as residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global stationary fuel cell systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The stationary fuel cell systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting stationary fuel cell systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the stationary fuel cell systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the stationary fuel cell systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Stationary fuel cell systems market are anticipated to lucrative growth opportunities in the future with the rising demand for stationary fuel cell systems in the global market. Below mentioned is the list of few companies engaged in the stationary fuel cell systems market.
The report also includes the profiles of key stationary fuel cell systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Ballard Power Systems Inc.
- Bloom Energy Corporation
- Doosan Fuel Cell Co., Ltd
- FuelCell Energy, Inc.
- Fuji Electric Co., Ltd.
- Intelligent Energy Limited
- Plug Power Inc.
- PowerCell Sweden AB
- SerEnergy A/S
- SOLIDpower S.p.A.
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