The global stationary fuel cell market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period. Surging investments from the private and public sectors focusing on establishing the hydrogen infrastructure along, with the growth in efficient power generation and transmission solutions support the growth of the market. Moreover, numerous government funding programs in line with the growing deployment of small and large-scale stationary fuel cells will further drive the growth of the market during the forecast period. For instance, the South Korean government, aims to deploy nearly 15 GW of cumulative capacity for utility-scale fuel cells by 2040. In August 2022, the National Renewable Energy Laboratory (NREL) collaborated with Toyota Motor North America (Toyota) through a cooperative R&D agreement to build, install, and evaluate a 1-megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at NREL’s Flatirons Campus. This three-year, $6.5 million project is funded in part by the US Department of Energy’s (DOE’s) Hydrogen and Fuel Cell Technologies.

Additionally, makret players such as Nedstack, Nuvera Fuel Cells, Llc, Solidpower Gmbh, and Quantron AG are adopting various strategies such as partnership, collaboration, funding and investment to upscale their presence in the global market. For instance, in September 2022, Ballard Power Systems announced a minority equity investment in Quantron AG, to accelerate fuel cell truck adoption. As part of Quantron’s financing round of up to 50 million euros, Ballard’s investment proceeds will be used by Quantron to develop their truck fuel cell vehicle platforms, under the terms of a Joint Development Agreement. The zero-emission fuel cell electric vehicle platforms developed by Quantron are integrated with Ballard fuel cell products for various truck applications in Europe and the US.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Capacity
By Applications
By End Users

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Fuel Cell & Hydrogen Energy Association, FuelCell Energy Inc., Plug Power Inc., Posco Energy., Robert Bosch GmbH, Fuel Cell works, and GenCell Ltd., and others.

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

A full Report of Stationary Fuel Cell Market is Available @  https://www.omrglobal.com/industry-reports/stationary-fuel-cell-market

Stationary Fuel Cell Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles 

Alstom Hydrogène Sas
Altergy
Ballard Power Systems
Bloom Energy
Blue World Technologies
Doosan Fuel Cell Co. Ltd
Fuel Cell Works
Gencell Ltd
Honda
Horiba
Nedstack
Nuvera Fuel Cells, Llc
Solidpower Gmbh
Stationary Fuel Cell Collaborative (SFCC)
Wika Instrumentation Pte. Ltd

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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