Stationary Fuel Cell System Market – Generate Massive Revenue in Upcoming Future 2022-2032

The market for stationary fuel cell systems is anticipated to reach USD 3.2 billion in 2022 and USD 20.7 million by 2032, increasing at a CAGR of 20.3% over that time.

In the past, the market size of the stationary fuel cell system sector increased at a 12.2% CAGR between 2017 and 2021. In the past five years, the market for stationary fuel cell systems has generated an absolute opportunity of close to USD 1.2 billion. By the midterm (2022-27) and long-term (2022-2032), it is predicted to generate opportunities worth roughly USD 5.2 billion and 14.1 billion, respectively.

For more insights into the Market, Request a Sample of this Report:
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Cogeneration Applications will Catalyze Growth of the Stationary Fuel Cell Systems Market

Combined heat and power (CHP) or cogeneration is one of the most common applications of stationary fuel cell systems, which accounted for the largest revenue share of over 45% in 2018, according to the Fact.MR study.

“CHP is one of the most commonly used stationary power generation systems installed to generate electricity as well as heat. In the modern days, fuel cells are widely used in the manufacturing of CHP, which acts of the leading driving force for the growth of the stationary fuel cell systems market,” said a lead analyst at Fact.MR.

Competitive Landscape:

The global stationary fuel cell system market is highly fragmented, with a significant number of local and regional companies. As a crucial strategy to strengthen their market footprint and better fulfil the needs of customers, industry players are focusing on developing new goods in response to the dynamic industry needs.

Also, the key companies have adopted numerous strategies including partnership, merger & acquisition etc. New product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of stationary fuel cell system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • On 4th May 2021, Fuelcell Energy Inc. has received funding from U.S. Department of Energy (DOE) of $8 million for the previously announced ARPA-E project for development of ultra-high efficiency SOFC systems for power generation.
  • On 16th July 2020, Plug Power Inc. have launched “GENSURE HP FUEL CELL PLATFORM”, a line of zero-emission stationary fuel cell systems designed for large-scale, high power backup power applications.

Key Companies Profiled:

  • Plug Power Inc.
  • Fuelcell Energy Inc.
  • Doosan Fuel Cell America
  • Ballard Power Systems
  • POSCO ENERGY
  • SOLIDpower Group
  • Bloom Energy Corporation
  • PowerCell
  • AFC Energy Plc.

Global Stationary Fuel Cell System Market Segments:

·         By Technology :

  • MCFC
  • PAFC
  • PEMFC
  • SOFC

·         By Application :

  • Prime Power
  • Uninterrupted Power Supply (UPS)
  • Combined Heat and Power (CHP)

·         By Power Range :

  • Less than 1Kw
  • 5kW-250kW
  • 250kW-1mW
  • More than 1mW

·         By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/2456

This report gives you access to decisive data such as:

  • Demand of Stationary Fuel Cell Systems Market & Growth drivers
  • Factors limiting Stationary Fuel Cell Systems market growth
  • Current key trends of Stationary Fuel Cell Systems Market
  • Market Size of Stationary Fuel Cell Systems and Stationary Fuel Cell Systems Sales projections for the coming years

Why choose Fact.MR?

Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.

Contact:
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Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

 

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