Impact of COVID-19 on Stationary Fuel Cell Market : Segmented : by application (transport, portable, and stationary applications); by end-user (fuel cell vehicles, utilities, and defense); by type (Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC), and Microbial Fuel Cell (MFC)); , And Region – Global Analysis Of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031

$5,000$7,500

The report contains vital information such as market share by different segments, market share, CAGR, facts and numbers, and more. The report emphasizes the drivers, restraints, opportunities, challenges, and trends.

SKU: FPG2193 Category: Tag:

Description

Impact of COVID-19 on Stationary Fuel Cell Market : Segmented : by application (transport, portable, and stationary applications); by end-user (fuel cell vehicles, utilities, and defense); by type (Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC), and Microbial Fuel Cell (MFC)); , And Region – Global Analysis Of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031

[ 176 + Pages Research Report ]  Impact of COVID-19 on Stationary Fuel Cell Market to surpass USD 1.6 billion by 2031 from USD 0.43 billion in 2021 at a CAGR of 23.8% in the coming years, i.e., 2021-31.

Product Overview
Stationary fuel cell systems are used for backup power, power for isolated places, stand-alone power stations for towns and cities, distributed generation for buildings, and co-generation (in which excess thermal energy from electricity generation is used for heat). Presently, systems are in use in a number of states around the country. One of the key markets in California, where NREL analyses and reports on stationary fuel cell installations in collaboration with the National Fuel Cell Research Center and the California Stationary Fuel Cell Collaborative. With the capacity to grow from single units to megawatt (MW)-scale installations, stationary fuel cells meet a few demands in the power production industry. When compared to coal and other traditional sources, whether powered by combustible gas, biogas, or hydrogen, the power generation industry’s advances and technology reduce emissions. It also provides a flexible source of energy that allows basic offices and foundations, such as emergency clinics and server farms, to run continuously.

Market Highlights
The global Stationary Fuel Cell market is expected to project a notable CAGR of 23.8% in 2031.

Global Stationary Fuel CellFuel cells produce heat and water while generating electricity from fuels such as methanol and natural gas. The type of fuel required for operations is determined not only by the membrane type but also by the catalyst type utilized in the fuel cell. Some proton-exchange membrane (PEM) fuel cells require pure hydrogen to operate, while others are fuel-flexible, allowing users to operate them more easily. Phosphoric acid fuel cells (PACs), solid oxide fuel cells (SOFCs), alkaline fuel cells (AFCs), and direct methanol fuel cells (DMFCs) are examples of fuel cells that can function without pure hydrogen.

Global Stationary Fuel Cell: Segments
Transport segment to grow with the highest CAGR during 2021-31

Global Stationary Fuel Cell Market is fragmented by application into transport, portable, and stationary applications. The transport segment of the improvements in fuel cell technology market is expected to grow substantially due to the widespread use of fuel cell technology in heavy-duty operations such as public transportation in regions such as the Asia Pacific, which is anticipated to enhance demand for the transport segment of the market during the forecast period.

Power segment to grow with the highest CAGR during 2021-31

The global Stationary Fuel Cell market is segmented by end-user into fuel cell vehicles, utilities, and defense. The growing demand to reduce carbon emissions has created a great potential for fuel cell-powered vehicles, which is expected to expand the market for fuel cell technology.

Proton Exchange Membrane Fuel Cell (PEMFC) segment to grow with the highest CAGR during 2021-31

The global Stationary Fuel Cell market is segmented by type into Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC), and Microbial Fuel Cell (MFC). In 2021, the Proton Exchange Membrane Fuel Cell (PEMFC) accounted for the majority of fuel cell technical advancements.Market expansion is being driven by rising demand for renewable energy generation and reliance on fuel cell-based public transportation systems in developed nations. Furthermore, PEMFC’s features, such as high efficiency, low operating costs, quick maintenance, and improved dependability and operability, are expected to increase demand for the technology during the projection period.

Market Dynamics
Drivers

Huge investment opportunities

Germany, the United Kingdom, the United States, Japan, and China are among the largest investors in fuel cell technology and improvements. In 2021, the US Department of Energy announced a USD 39 million investment in fuel cell technology. Similarly, the HyLAW EU Project, which sought to identify and remove legal and administrative hurdles to the deployment of hydrogen fuel cells and hydrogen applications in Europe, brought together 23 countries. In January 2017, HyLAW began operations in Germany, the Netherlands, the United Kingdom, Finland, France, and Spain. The majority of commercial R&D efforts are concentrated on the development and advancement of fuel cell-powered cars, which is likely to open up new market prospects.

However, research and development activities relating to utilities and UAVs for the defense sector, as well as portable power generation units, have expanded significantly in recent years. The increased attention of governments throughout the world on the use of sustainable energy sources has resulted in an increase in overall investments in fuel cell-based electricity generation. As a result, the increased investment improves the current and future growth of the innovations in the fuel cells market.

Fuel flexibility

Fuel cells produce heat and water while generating electricity from fuels such as methanol and natural gas. The type of fuel required for operations is determined not only by the membrane type but also by the catalyst type utilized in the fuel cell. Some proton-exchange membrane (PEM) fuel cells require pure hydrogen to operate, while others are fuel-flexible, allowing users to operate them more easily. Phosphoric acid fuel cells (PACs), solid oxide fuel cells (SOFCs), alkaline fuel cells (AFCs), and direct methanol fuel cells (DMFCs) are examples of fuel cells that can function without pure hydrogen.

The operational capabilities of these fuel cells, which are widely and inexpensively available in conventional or non-conventional fuels, is referred to as fuel flexibility. This is expected to provide profitable prospects for manufacturers in the advanced fuel cell technology industry, as well as promote improvements even when pure hydrogen is scarce.

Restraint
Limited hydrogen infrastructure

Hydrogen is used extensively in fuel cell operations. Production, storage, transportation, and distribution of hydrogen are all part of the hydrogen infrastructure. It is necessary to disperse hydrogen once it has been produced. It can be delivered to the point of usage by pipelines or other modes of transportation. The availability of hydrogen fuel pumps is critical to the commercialization of hydrogen fuel cell cars. The United States has the most hydrogen filling stations, which serve as important hubs for fuel cell automobiles. As a result of these characteristics, the UK is expected to be the largest market during the forecast period, with Japan and Germany also proving to be promising markets for fuel cell vehicles. Other portions of the world, on the other hand, lack the infrastructure required for hydrogen distribution. According to industry experts, the number of hydrogen vehicle filling stations in these areas will expand over the next ten years. The lack of hydrogen fuelling infrastructure may have an impact on future demand for hydrogen generation by fuel cell vehicles. The development of hydrogen fueling stations will necessitate significant investment and extensive assistance from both public and commercial groups. As a result, the market for hydrogen-based fuel cells is now stifled due to a lack of supporting infrastructure.

Global Stationary Fuel Cell: Key Players
Ballard Power Systems (Canada)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

 Cummins (US)
SFC Energy (Germany)
Bloom Energy (US)
Plug Power (US)
Fuel Cell Energy (US)
Horizon Fuel Cells
Mitsubishi Hitachi Power Systems
Intelligent Energy
Fuel Cell Energy 
Other Prominent Players
Global Stationary Fuel Cell: Regions
Global Stationary Fuel Cell market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. By 2030, Asia Pacific is predicted to be the largest market, with a high need for developments in fuel cell technology due to the region’s expanding use of fuel cell-powered automobiles. Furthermore, the region’s fuel cell technology industry is likely to benefit from increased power generation from cleaner energy sources.

Impact of Covid-19 on Stationary Fuel Cell Market
The COVID-19 situation has hampered the expansion of renewable energy capacity. According to IEA forecasts, due to the unprecedented COVID-19 global crisis, the number of new renewable power projects is expected to decline in 2020. Since 2000, yearly renewable energy capacity expansion has been on the decline for the first time in 20 years. In 2020, the net increase of renewable power capacity is expected to fall by 13% compared to 2019.

The impact of the outbreak on global supply chains will have an influence on hydrogen-based technologies, which require a well-coordinated supply chain and a large amount of cash to demonstrate. The COVID-19 epidemic has impacted current hydrogen consumption from oil refining, steel manufacturing, and the chemicals sector, according to the IEA.

Global Stationary Fuel Cell is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Stationary Fuel Cell report also contains analysis on:
Stationary Fuel Cell Segments:   

By application 
Transport
Portable
stationary applications
By End-user
fuel cell vehicles
utilities
defense
By type
 Proton Exchange Membrane Fuel Cell (PEMFC)
Phosphoric Acid Fuel Cell (PAFC)
Alkaline Fuel Cell (AFC)
Microbial Fuel Cell (MFC) 
Stationary Fuel Cell Dynamics
Stationary Fuel Cell Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
. Stationary Fuel Cell Market Report Scope and Segmentation
Report Attribute Details
The market size value in 2021 USD 0.43 billion
The revenue forecast in 2031 USD 1.6 billion
Growth Rate CAGR of 23.8% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, End-user, type, application, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Ballard Power Systems (Canada), Cummins (US), SFC Energy (Germany), Bloom Energy (US), Plug Power (US), and Fuel Cell Energy (US), Horizon Fuel Cells, Mitsubishi Hitachi Power Systems, Intelligent Energy, Fuel Cell Energy, Toshiba Energy Systems, and Solution Corporation , and Other Prominent Players

Related Reports: Research Report on Automobile Air-Conditioner Industry in China, 2018-2022

Additional information

Publisher

Geography Covered

Date Published

,

Pages

Format

Reviews

There are no reviews yet.

Be the first to review “Impact of COVID-19 on Stationary Fuel Cell Market : Segmented : by application (transport, portable, and stationary applications); by end-user (fuel cell vehicles, utilities, and defense); by type (Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC), and Microbial Fuel Cell (MFC)); , And Region – Global Analysis Of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031”

[class^="wpforms-"]
[class^="wpforms-"]