Stationary Fuel Cell Market
Stationary Fuel Cell Market Size, Share & Trends Analysis Report by Capacity (< 3 kW, 3 kW – 10 kW, 10 kW – 50 kW, > 50 kW), by Application (Prime Power, Uninterrupted Power Supply (UPS), Combined Heat and Power (CHP)), and by End-Users (Hospitals, Data Centers, Grocery and Retail Stores, Fire Stations)) Forecast Period (2022-2030)
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.
Segmental Outlook
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.
The Data Center Segment Holds a Prominent Market Share in the Global Stationary Fuel Cell Market
Among the end-user segments, the data center segment is anticipated to hold a prominent market share. Rising installation of data centers globally, coupled with the presence of major market players such as Honda, Toshiba, and others that provides stationary fuel cell for data centers applications, drives the segment’s growth. For instance, in March 2023, Honda started the operation of a stationary fuel cell power station on its corporate campus in Torrance, Calif., marking the company's first step toward future commercialization of zero-emission backup power generation. Honda's fuel cell power station supplies clean and quiet emergency backup power to the data center on the campus of American Honda Motor Co., Inc., and applies a next-generation stationary fuel cell system to Honda manufacturing facilities and data centers globally, thereby reducing the company's greenhouse gas emissions. The stationary fuel cell unit has a capacity of approximately 500 kW and reuses the fuel cell systems of previously leased Honda Clarity Fuel Cell vehicles, with a design that allows the output to increase every 250 kW packaged with four fuel cells.
Regional Outlooks
The global stationary fuel cell market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).Among these, the Asia-Pacific market is anticipated to cater to a prominent growth over the forecast period. Increasing consumer awareness toward clean energy technologies and solutions, rising demand for electricity and growing implementation of regulatory norms and mandates is set to foster the stationary fuel cell market.
Global Stationary Fuel Cell Market Growth, by Region 2023-2030
The North America Region Leads the Growth of the Global Stationary Fuel Cell Market
The growth of the stationary fuel cell market in the region is primarily driven by factors such as the rising concerns from governments across North America nations, such as the US, and Canada towards zero carbon emission norms. Furthermore, the expansion of distributed power systems and the high efficiency of fuel cells in comparison to other power generation systems are expected to significantly contribute to the market growth. For instance, in September 2020, Blackstone announced the formation of a new portfolio company, ClearGen LLC that finance and owns distributed and sustainable energy infrastructure by investing $250 million. Through these partnerships, ClearGen invested in a wide range of assets including microgrids, distributed generation, renewable energy combined with battery storage, energy efficiency investments, green transportation, and combined heat and power plants.
Market Players Outlook
The major companies serving the global stationary fuel cell market include Fuel Cell & Hydrogen Energy Association, FuelCell Energy Inc., Plug Power Inc., Posco Energy., Robert Bosch GmbH, Fuel Cell works, and GenCell Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Nuvera Fuel Cells announced the commercial availability of 360 kW and 470 kW Nuvera G-Series Fuel Cell Power Generators, a modular zero-emission power solution for commercial and industrial applications including data centers, electric vehicles, back-up power, and microgrids. Nuvera G-Series Power Generators operate on hydrogen and deliver three-phase VAC power in a containerized package. The generator provides up to 85% of its maximum power while allowing one of its modules to be serviced.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ 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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Fuel Cell & Hydrogen Energy Association
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. FuelCell Energy Inc
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Plug Power Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Posco Energy
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Robert Bosch GmbH
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Stationary Fuel Cell Market by Capacity
4.1.1. < 3 kW
4.1.2. 3 kW – 10 kW
4.1.3. 10 kW – 50 kW
4.1.4. > 50 kW
4.2. Global Stationary Fuel Cell Market by Applications
4.2.1. Prime Power,
4.2.2. Uninterrupted Power Supply (UPS)
4.2.3. Combined Heat and Power (CHP)
4.3. Global Stationary Fuel Cell Market by End-Users
4.3.1. Hospitals
4.3.2. Data Centers
4.3.3. Grocery and Retail Stores
4.3.4. Fire Stations
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alstom Hydrogène Sas
6.2. Altergy
6.3. Ballard Power Systems
6.4. Bloom Energy
6.5. Blue World Technologies
6.6. Doosan Fuel Cell Co. Ltd
6.7. Fuel Cell Works
6.8. Gencell Ltd
6.9. Honda
6.10. Horiba
6.11. Nedstack
6.12. Nuvera Fuel Cells, Llc
6.13. Solidpower Gmbh
6.14. Stationary Fuel Cell Collaborative (SFCC)
6.15. Wika Instrumentation Pte. Ltd
1. GLOBAL STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY CAPACITY,2022-2030 ($ MILLION)
2. GLOBAL <3 KW STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL 3KW-10KW STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL 10KW-50KW STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL >50 KW STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY APPLICATIONS,2022-2030 ($ MILLION)
7. GLOBAL STATIONARY FUEL CELL FOR PRIME POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL STATIONARY FUEL CELL FOR UNINTERRUPTED POWER SUPPLY (UPS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL STATIONARY FUEL CELL FOR COMBINED HEAT AND POWER (CHP) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY END-USERS,2022-2030 ($ MILLION)
11. GLOBAL STATIONARY FUEL CELL IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL STATIONARY FUEL CELL IN DATA CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL STATIONARY FUEL CELL IN GROCERY AND RETAIL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL STATIONARY FUEL CELL IN FIRE STATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. NORTH AMERICAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY COUNTRY,2022-2030 ($ MILLION)
17. NORTH AMERICAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY CAPACITY,2022-2030 ($ MILLION)
18. NORTH AMERICAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
19. NORTH AMERICAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
20. EUROPEAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY COUNTRY,2022-2030 ($ MILLION)
21. EUROPEAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY CAPACITY,2022-2030 ($ MILLION)
22. EUROPEAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY APPLICATIONS,2022-2030 ($ MILLION)
23. EUROPEAN STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY COUNTRY,2022-2030 ($ MILLION)
25. ASIA-PACIFIC STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY CAPACITY,2022-2030 ($ MILLION)
26. ASIA-PACIFIC STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY END-USERS,2022-2030 ($ MILLION)
28. REST OF THE WORLD STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
29. REST OF THE WORLD STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
31. REST OF THE WORLD STATIONARY FUEL CELL MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
1. GLOBAL STATIONARY FUEL CELL MARKET SHARE BY CAPACITY, 2022 VS 2030(%)
2. GLOBAL <3KW STATIONARY FUEL CELL MARKET SHARE BY REGION, 2022 VS 2030(%)
3. GLOBAL 3KW-10KW STATIONARY FUEL CELL MARKET SHARE BY REGION, 2022 VS 2030(%)
4. GLOBAL 10KW-50KW STATIONARY FUEL CELL MARKET SHARE BY REGION, 2022 VS 2030(%)
5. GLOBAL >50KW STATIONARY FUEL CELL MARKET SHARE BY REGION, 2022 VS 2030(%)
6. GLOBAL STATIONARY FUEL CELL MARKET SHARE BY APPLICATIONS, 2022 VS 2030(%)
7. GLOBAL STATIONARY FUEL CELL FOR PRIME POWER MARKET SHARE BY REGION, 2022 VS 2030(%)
8. GLOBAL STATIONARY FUEL CELL FOR UNITERRUPTED POWER SUPPLY(UPS) MARKET SHARE BY REGION, 2022 VS 2030(%)
9. GLOBAL STATIONARY FUEL CELL FOR COMBINED HEAT AND POWER (CHP) MARKET SHARE BY REGION, 2022 VS 2030(%)
10. GLOBAL STATIONARY FUEL CELL MARKET SHARE BY END-USERS , 2022 VS 2030(%)
11. GLOBAL STATIONARY FUEL CELL IN HOSPITALS MARKET SHARE BY REGION, 2022 VS 2030(%)
12. GLOBAL STATIONARY FUEL CELL IN DATA CENTERSMARKET SHARE BY REGION, 2022 VS 2030(%)
13. GLOBAL STATIONARY FUEL CELL IN GROCERY AND RETAIL STORES MARKET SHARE BY REGION, 2022 VS 2030(%)
14. GLOBAL STATIONARY FUEL CELL IN FIRE STATIONS MARKET SHARE BY REGION, 2022 VS 2030(%)
15. GLOBAL STATIONARY FUEL CELL MARKET SHARE BY REGION, 2022 VS 2030(%)
16. US STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
17. CANADA STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
18. UK STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
19. FRANCE STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
20. GERMANY STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
21. ITALY STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
22. SPAIN STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF EUROPE STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
24. INDIA STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
25. CHINA STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
26. JAPAN STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
27. SOUTH KOREA STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF ASIA-PACIFIC STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD STATIONARY FUEL CELL MARKET SIZE, 2022-2030 ($ MILLION)
