Nowadays, combustion heat engines are increasingly being replaced with stationary fuel cells as a means of generating electricity. Compared to combustion engines, stationary fuel cell systems offer superior power and system efficiency. They are also very dependable .Furthermore, opposed to combustion engines, stationary fuel cell systems don't waste any heat since they make use of it for their own benefits.
Additionally, because of their low noise output, stationary fuel cell devices are very versatile. Due to their minimal emissions and extreme quietness, these systems may be deployed almost everywhere. In comparison to other energy sources, they also take up extremely little space.
The Covid-19 outbreak and travel bans had a negative impact on the industry for stationary fuel cells by decreasing sales and consumer demand for hydrogen power generators. The market was also impacted by a shortage of labour and raw materials, which decreased manufacturing capacity and thus decreased sales. Since there is still potential for advancement to make hydrogen fuel cell technology more adaptable, during the pandemic years many governmental organizations and private firms' research activities came to an abrupt halt. The market study report claims that the suspension of work on a brand-new stationary hydrogen fuel system would have an impact on market expansion.
Stationary Fuel Cell Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as;AFC Energy Plc, Bloom Energy Corporation, Ballard power Systems, Doosan Fuel Cell America, Fuel Cell Energy Inc, Fuji Electronics, POSCO Energy, Power Cell, Siemens Energy, Solidpower Group
Global Stationary Fuel Cell Market Segmentation:
By Technology: Based on the Technology, Global Stationary Fuel Cell Market is segmented as; Direct Methanol Fuel cell (DMFC), Molten Carbonate Fuel Cell (MCFC), Phosphoric Acid Fuel cell, Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel (SOFC), Others
By Application:Based on the Application, Global Stationary Fuel Cell Market is segmented as; Combined Heat and Power (CHP), Prime Power, Uninterrupted Power Supply (UPS)
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.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.