Stationary fuel cell market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period. Stationary fuel cells are quiet and have very low emissions, so they are installed nearly anywhere. These systems provide power on-site directly to customers, without the efficiency losses of long-range grid transmission. Many companies around the globe are adopting fuel cells for primary and backup power including, Adobe, Apple, AT&T, CBS, Coca-Cola, Cox Communications, Delmarva Power, eBay, Google, Honda, Microsoft, Target and Walmart, and others. According to FCHEA’s tracking and surveys, as of January 2020, there are more than 550 megawatts (MW) of stationary fuel cells installed in the US providing clean, reliable, distributed power to customers across the country. In addition stationary fuel cell systems also take up much less space in proportion to other clean energy technologies. For instance, a 10 MW fuel cell installation can be sited on a about an acre of land. This is compared to about 10 acres required per MW of solar power and about 50 acres per MW of wind.
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The global stationary fuel cell market is segmented based on capacity, applications, and end users. Based on capacity, the market is segmented into < 3 kW, 3 kW – 10 kW, 10 kW – 50 kW, and > 50 kW. Based on application,the market is divided into prime power, uninterrupted power supply (UPS), and combined heat and power (CHP). Based on end users, the market is categorized into hospitals, data centers, grocery and retail stores, and fire stations. Among them the >50kW capacity segment is projected to grow at a significant rate. Increasing deployment of >50kW of stationary fuel cells in the commercial and industrial sectors for power generation and combined heat power applications is anticipated to drive segment growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Stationary Fuel Cell Market Report Segment
By Capacity
- < 3 kW
- 3 kW – 10 kW
- 410 kW – 50 kW
- > 50 kW
By Applications
- Prime Power
- Uninterrupted Power Supply (UPS)
- Combined Heat and Power (CHP)
By End-Users
- Hospitals
- Data Centers
- Grocery and Retail Stores
- Fire Stations
Global Stationary Fuel Cell Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global stationary fuel cell market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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