Stationary Fuel Cell Market Size- By Technology, By Application, By Power Range, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Stationary Fuel Cell Market Overview
According to SPER Market Research, the Global Stationary Fuel Cell Market is estimated to reach USD 15.50 billion by 2032 with a CAGR of 12.29%. Fuel cells are electrochemical devices that use the oxidation of fuel to convert chemical energy into heat and electricity (hydrogen, natural gas, or methanol). Global carbon emissions have decreased as a result of fuel cell technology research and development. Population growth has led to high levels of energy demand, which has put stress on fossil fuel supplies.
Impact of COVID-19 on theGlobal Stationary Fuel Cell Market
The Covid-19 outbreak and travel restrictions had an adverse effect on the market for stationary fuel cells by reducing sales and customer demand for hydrogen power generators. The lack of sufficient raw materials and labour force also had an influence on the market, reducing sales by reducing manufacturing capacity. Since there is still room for improvement in hydrogen fuel cell technology to make it more flexible, during the pandemic years, many governmental institutions' and private businesses' research efforts came to an abrupt halt.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Technology, By Application, By Power Range, By End User
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered AFC Energy Plc, Bloom Energy Corporation, Ballard power Systems, Doosan Fuel Cell America, Fuel Cell Energy Inc, Power Cell, Siemens Energy, Solidpower Group
Global Stationary Fuel Cell Market Segmentation:
By Power Range: Based on the Power Range, Global Stationary Fuel Cell Market is segmented as; 250kW-1mW, 5kW-250kW, Less than 1kW, More than 1mW
By End User: Based on the End User, Global Stationary Fuel Cell Market is segmented as; Commercial, Industrial, residential
By Region: This report also provide the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Stationary Fuel cell Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4.Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Stationary Fuel cell Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Stationary Fuel cell Market
- 7. Global Stationary Fuel cell Market, By Technology, 2019-2032 (USD Million)
- 7.1. Direct Methanol Fuel Cell (DMFC)
- 7.2. Molten Carbonate Fuel Cell (MCFC)
- 7.3. Phosphoric Acid Fuel Cell (PAFC)
- 7.4. Proton Exchange Membrane Fuel Cell (PEMFC)
- 7.5. Solid Oxide Fuel Cell (SOFC)
- 7.6. Others
- 8. Global Stationary Fuel cell Market, ByApplication, 2019-2032 (USD Million)
- 8.1 Combined Heat and Power (CHP)
- 8.2 Prime Power
- 8.3 Uninterrupted Power Supply (UPS)
- 9. Global Stationary Fuel cell Market, By Power Range, 2019-2032 (USD Million)
- 9.1 250kW-1mW
- 9.2 5kW-250kW
- 9.3 Less than 1kW
- 9.4 More than 1mW
- 10. Global Stationary Fuel Cell Market, By End User, 2019-2032 (USD Million)
- 10.1 Commercial
- 10.2 Industrial
- 10.3 Residential
- 11. Global Stationary Fuel cell Market, By Region, 2019-2032 (USD Million)
- 11.1 Global Stationary Fuel cell MarketSizeand Market Share by Region (2019-2025)
- 11.2 Global Stationary Fuel cell MarketSizeand Market Share by Region (2026-2032)
- 11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
- 11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
- 11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
- 11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
- 11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America
- 12.Company Profiles
- 12.1 AFC Energy Plc.
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
- 12.2 Bloom Energy Corporation
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
- 12.3 Ballard Power Systems
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
- 12.4 Doosan Fuel Cell America
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
- 12.5 Fuel Cell Energy Inc
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
- 12.6 Fuji Electronics
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
- 12.7 POSCO Energy
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
- 12.8 Power Cell
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
- 12.9 Siemens Energy
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
- 12.10 Solidpower Group
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
- 13. List of Abbreviations
- 14. Reference Links
- 15. Conclusion
- 16. Research Scope
Research Assistance
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