Home / Energy / Global Stationary Fuel Cells Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Stationary Fuel Cells Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Dec 2019 | Published By: Acute Market Research

The global market is worth US$ 3.41 Bn in 2018 and expected to grow at a CAGR of 11.1% during the forecast period from 2019 to 2027.

Market Insights

Decarbonization of power sector intensifying the growth of stationary fuel cells market
The global rise in consumption of energy and the adoption of distributed energy generation by many industries across the world is boosting the demand for stationary fuel cells. Further, with the commitment to the “Paris Agreement”, most of the countries are shifting towards cleaner energy sources by mixing their primary power source with renewable sources such as fuel cells, wind and solar, etc. among others. Favorable government initiatives for clean energy such as the United States Environmental Protection Agency (USEPA)’s Combined Heat & Power Partnership and Green Power Partnership are promoting the use of stationary fuel cells in various industries. This, in turn, influenced the demand for stationary fuel cells throughout the region; thereby increased the market size to US$ 3.41 Bn in 2018.

In contrast to the above mentioned facts, high cost of fuel cells expected to drop the market growth for first few years of the forecast period. However, in the second half of the forecast period, the cost of fuel cells expected to be lower than its present value which will help to bloom the market in the long run. Overall, the global stationary fuel cells market expected to grow with a CAGR of 11.1% from 2019 to 2027.

The overall stationary fuel cells market is fairly competitive in nature. The market players are more focused on partnering with other industry players to increase their client base as well as improve their geographical presence.

Industrial Developments

• In June 2019, FuelCell Energy, Inc. signed a contract with Drax Power Station based in the U.K. for supplying its carbon capture solutions. With this partnership, the company expected to improve its market share in Europe.
• In July 2018, Altergy partnered with Faith Technologies for building its microgrid. As a part of this partnership, Altergy deployed its fuel cells solutions in Wisconsin. Microgrid will help the company to lower its energy costs and will act as a reliable back-up power source. With this partnership, Altergy has expanded its client base which expected to increase its market share.

Key Market Movements:

• Globally, the stationary fuel cells market is growing at a CAGR of 11.1% for the period from 2019 to 2027.
• Based on technology, the Proton Exchange Membrane Fuel Cell (PEMFC) segment captured the largest market share in 2018 owing to its wider user base. Compatible with other conventional and renewable power sources helps the user to create an optimal energy system.
• On the basis of geography, Asia Pacific is the fastest growing regional market for stationary fuel cells market in 2018. The region is led by Japan, South Korea and China. Japan’s Ene-Farm Program for developing and deploying fuel cell micro-cogeneration technology and extensive cooperation between government and cogeneration industry with steady financial support have shoot up the market growth.

List of Companies Covered:

• Altergy
• Bloom Energy
• Doosan Fuel Cell America, Inc.
• FuelCell Energy, Inc.
• Ballard Power Systems.
• POSCO Energy
• Plug Power, Inc.
• SOLIDpower
• SFC Energy AG
• Hydrogenics
• Others

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Stationary Fuel Cells (SFC) Market
2.2. Global SFC Market, by Application, 2018 (US$ Bn)
2.3. Global SFC Market, by Technology, 2018 (US$ Bn)
2.4. Global SFC Market, by End-use, 2018 (US$ Bn)
2.5. Global SFC Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Stationary Fuel Cells (SFC) Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Stationary Fuel Cells (SFC) Market, by Application , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Primary Power
4.3. Back-up Power
4.4. Combined Heat & Power (CHP)

5. Global Stationary Fuel Cells (SFC) Market, by Technology, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. PEMFC
5.3. PAFC
5.4. MCFC
5.5. SOFC

6. AFC Global Stationary Fuel Cells (SFC) Market, by End-use, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Commercial
6.3. Industrial
6.4. Residential

7. North America Stationary Fuel Cells (SFC) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America SFC Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America SFC Market Value, By Application, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SFC Market Value, By Technology, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SFC Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SFC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Stationary Fuel Cells (SFC) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SFC Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Europe SFC Market Value, By Application, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SFC Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SFC Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SFC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Stationary Fuel Cells (SFC) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SFC Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific SFC Market Value, By Application, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SFC Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SFC Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SFC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. South Korea
9.5.4. China
9.5.5. India
9.5.6. Rest of Asia Pacific

10. Rest of the World Stationary Fuel Cells (SFC) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SFC Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World SFC Market Value, By Application, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SFC Market Value, By Technology, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SFC Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SFC Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Altergy
11.2. Bloom Energy
11.3. Doosan Fuel Cell America, Inc.
11.4. FuelCell Energy, Inc.
11.5. Ballard Power Systems.
11.6. POSCO Energy
11.7. Plug Power, Inc.
11.8. SOLIDpower
11.9. SFC Energy AG
11.10. Hydrogenics

* Here we are using SFC as a short form of Stationary Fuel Cells

TABLE 1 Market Snapshot: Global Stationary Fuel Cells (SFC) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SFC Market, by Application, 2017-2027, (US$ Bn)
TABLE 5 Global SFC Market, by Technology, 2017 – 2027, (US$ Bn)
TABLE 6 Global SFC Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 Global SFC Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America SFC Market, by Application, 2017-2027, (US$ Bn)
TABLE 9 North America SFC Market, by Technology, 2017 – 2027, (US$ Bn)
TABLE 10 North America SFC Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America SFC Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe SFC Market, by Application, 2017-2027, (US$ Bn)
TABLE 13 Europe SFC Market, by Technology, 2017 – 2027, (US$ Bn)
TABLE 14 Europe SFC Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe SFC Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific SFC Market, by Application, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific SFC Market, by Technology, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific SFC Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific SFC Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World SFC Market, by Application, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World SFC Market, by Technology, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World SFC Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World SFC Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 Altergy: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Bloom Energy: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Doosan Fuel Cell America, Inc.: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 FuelCell Energy, Inc.: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Ballard Power Systems.: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 POSCO Energy: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Plug Power, Inc.: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 SOLIDpower: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 SFC Energy AG: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Hydrogenics: Company Snapshot (Business Description; Technology Portfolio; Financial Information; Business Overview and Recent Development)

FIG. 1 Global Stationary Fuel Cells (SFC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SFC Market Segmentation
FIG. 4 Global SFC Market, by Application, 2018, (US$ Bn)
FIG. 5 Global SFC Market, by Technology, 2018, (US$ Bn)
FIG. 6 Global SFC Market, by End-use, 2018, (US$ Bn)
FIG. 7 Global SFC Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global SFC Market Value, 2017 - 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key SFC Manufacturers, 2018
FIG. 11 Global SFC Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 12 Global SFC Market Value for Primary Power, 2017 – 2027, (US$ Bn)
FIG. 13 Global SFC Market Value for Back-up Power, 2017 – 2027, (US$ Bn)
FIG. 14 Global SFC Market Value for CHP, 2017 – 2027, (US$ Bn)
FIG. 15 Global SFC Market Value Share by Technology, 2018 & 2027 (Value %)
FIG. 16 Global SFC Market Value for PEMFC, 2017 – 2027, (US$ Bn)
FIG. 17 Global SFC Market Value for PAFC, 2017 – 2027, (US$ Bn)
FIG. 18 Global SFC Market Value for MCFC, 2017 – 2027, (US$ Bn)
FIG. 19 Global SFC Market Value for SOFC, 2017 – 2027, (US$ Bn)
FIG. 19 Global SFC Market Value for AFC, 2017 – 2027, (US$ Bn)
FIG. 20 Global SFC Market Value Share, by End-use, 2018 & 2027 (Value %)
FIG. 21 Global SFC Market Value for Commercial, 2017 – 2027, (US$ Bn)
FIG. 22 Global SFC Market Value for Industrial, 2017 – 2027, (US$ Bn)
FIG. 23 Global SFC Market Value for Residential, 2017 – 2027, (US$ Bn)
FIG. 24 North America SFC Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe SFC Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific SFC Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World SFC Market Value, 2017 – 2027, (US$ Bn)

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