세계의 고정형 연료전지 시장 예측 : 용량별, 기술별, 용도별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Stationary Fuel Cells Market is accounted for $1.69 billion in 2024 and is expected to reach $3.75 billion by 2030 growing at a CAGR of 14.2% during the forecast period. Stationary fuel cells are devices that convert chemical energy from a fuel, typically hydrogen, into electrical energy through an electrochemical reaction. Unlike combustion-based power generation, fuel cells operate quietly, produce low emissions, and offer high efficiency. They are used in a variety of applications, including providing backup power for buildings, powering remote locations, and integrating with renewable energy systems to enhance grid stability. Stationary fuel cells are favored for their reliability, low maintenance, and potential to reduce greenhouse gas emissions, making them a key technology in the transition to cleaner energy sources.

According to a team of researchers at the Palo Alto Research Center (PARC), usage of reformed hydrogen fuel is responsible for the delivery of high-energy density fuel cells.

Market Dynamics:

Driver:

Energy efficiency and reliability

Energy efficiency and reliability are crucial drivers of the stationary fuel cell market. Stationary fuel cells convert chemical energy from fuels like hydrogen into electricity with high efficiency, often exceeding 50%, significantly reducing energy losses compared to traditional combustion-based power generation. This high efficiency translates to lower operational costs and reduced carbon emissions, making them an attractive option for businesses and utilities aiming for sustainability. Additionally, fuel cells offer reliable power generation with minimal downtime, which is crucial for critical applications such as hospitals, data centers, and industrial facilities. Their modular design also allows for scalable solutions tailored to specific energy demands, enhancing their appeal in the market.

Restraint:

Lack of infrastructure

The lack of infrastructure significantly restrains the stationary fuel cell market. One of the primary challenges is the insufficient network for hydrogen production, storage, and distribution, which is critical for fuel cell operation. Without a robust and widespread hydrogen infrastructure, the deployment and efficiency of stationary fuel cells are limited. Additionally, the high costs and technical complexities associated with building and maintaining this infrastructure deter investments and slow down market growth.

Opportunity:

Growth of the hydrogen economy

The growth of the hydrogen economy presents significant opportunities for the stationary fuel cell market. As industries and governments increasingly focus on reducing carbon emissions, hydrogen-powered fuel cells offer a clean and efficient energy solution for stationary applications such as backup power, grid stabilization, and remote power generation. Advancements in hydrogen production and storage technologies, along with declining costs, are making fuel cells more economically viable. Additionally, supportive policies and investments in hydrogen infrastructure are accelerating market adoption, positioning stationary fuel cells as a crucial component in the transition to sustainable energy systems.

Threat:

High initial costs

The high initial costs of stationary fuel cells pose a significant threat to their market adoption. These costs stem from expensive materials, complex manufacturing processes, and the need for specialized infrastructure. Compared to traditional energy sources, the upfront investment for fuel cell systems can be prohibitive, deterring potential customers despite long-term benefits like efficiency and low emissions. Additionally, limited economies of scale and nascent supply chains further inflate prices. As a result, without substantial financial incentives or technological breakthroughs to reduce costs, market penetration remains challenging.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the stationary fuel cell market, causing disruptions in supply chains and project timelines. Lockdowns and restrictions led to delays in the manufacturing and installation of fuel cell systems. However, the increased emphasis on clean energy and resilient power infrastructure during the pandemic boosted the interest in stationary fuel cells. Governments and businesses sought reliable and sustainable energy solutions, which fuelled demand despite initial setbacks. The market also saw increased investments and policies supporting green technologies, helping to mitigate some of the negative effects and promoting long-term growth.

The SOFC (Solid oxide fuel cell) segment is expected to be the largest during the forecast period

The solid oxide fuel cell (SOFC) segment is experiencing notable growth within the stationary fuel cell market due to several key factors. SOFCs offer high efficiency in converting fuel into electricity, making them attractive for stationary power generation applications. Additionally, their ability to utilize a variety of fuels, including natural gas, biogas, and hydrogen, adds to their versatility and market appeal. Furthermore, advancements in materials and manufacturing processes have improved the reliability and durability of SOFC systems, reducing operational costs and increasing adoption rates. Government initiatives promoting clean energy solutions and the need for reliable distributed power generation also contribute to the growth of SOFCs in the stationary fuel cell market.

The uninterrupted power supply (UPS) segment is expected to have the highest CAGR during the forecast period

The growth of the Uninterrupted Power Supply (UPS) segment in the stationary fuel cell market can be attributed to several factors. UPS systems are becoming increasingly essential in industries where power continuity is critical, such as data centers, hospitals, and telecommunications. Stationary fuel cells offer a reliable alternative to traditional UPS batteries, providing longer runtimes and faster recharge times. Moreover, advancements in fuel cell technology have improved efficiency and reduced operating costs, making them more competitive with conventional UPS solutions. Additionally, growing concerns about environmental sustainability drive the adoption of fuel cells due to their lower emissions and higher energy efficiency compared to fossil fuel-based generators.

Region with largest share:

In recent years, North America has witnessed significant growth in the stationary fuel cell market due to government initiatives aimed at promoting clean energy technologies spurring adoption. Additionally, the region's robust industrial sector, coupled with increasing demand for reliable and efficient power generation solutions, has accelerated the deployment of stationary fuel cells. Technological advancements, particularly in fuel cell efficiency and cost reduction, have made them increasingly competitive with traditional power sources. North America's favorable regulatory environment and supportive policies for renewable energy have also played a pivotal role in driving market growth, attracting investments, and fostering innovation in the sector.

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the stationary fuel cell market because of an increasing demand for clean and sustainable energy solutions, driven by environmental concerns and government initiatives promoting green technology adoption. Advancements in fuel cell technology, coupled with declining costs, have made stationary fuel cells more competitive and attractive for various applications, such as residential, commercial, and industrial power generation. The region's rapid urbanization and industrialization have spurred the need for reliable and decentralized power sources, further boosting the demand for stationary fuel cells. Additionally, supportive government policies and incentives, along with investments in infrastructure development, have created a conducive environment for market growth.

Key players in the market

Some of the key players in Stationary Fuel Cells market include AFC Energy PLC, Altergy, Ballard Power, Bloom Energy, Cummins Inc., Doosan PureCell America, FuelCell Energy, Fuji Electric Co., Ltd., GenCell Ltd., JX Nippon, NUVERA FUEL CELLS, LLC., Panasonic, Plug Power Inc., POSCO ENERGY, SFC Energy AG, Siemens Energy, SOLIDpower and Toshiba.

Key Developments:

In May 2024, Cummins began production of its latest hydrogen internal combustion engines (H2-ICE) for Tata Motors at a new manufacturing facility in Jamshedpur, India. The first B6.7H hydrogen internal combustion engines rolled off the production line in March and will now be integrated into Tata Motors' trucks, the company said. The B6.7H engine shares many components with current diesel and natural gas engines, fits where a standard engine fits and can be refueled in minutes.

In May 2024, AFC Energy PLC, the hydrogen power generation specialist, has inked a strategic partnership deal with Illuming Power to scale up the production of fuel cell plates and stacks for the former's S Series air-cooled platform. A first of its kind for Illuminig, the multi-year agreement will utilise the North American group's international network to deliver fully commissioned S Series fuel cell plates and stacks, integral components of AFC's H-Power generator modules.

Capacities Covered:

• <3 kW
• 3 kW - 10 kW
• 10 kW - 50 kW
• >50 kW

Technologies Covered:

• PAFC (Phosphoric Acid Fuel Cell)
• MCFC (Molten carbonate fuel cells)
• SOFC (Solid oxide fuel cell)
• PEMFC (Proton exchange membrane fuel cell)

Applications Covered:

• Combined Heat and Power (CHP)
• Main Power
• Backup Power
• Uninterrupted Power Supply (UPS)
• Prime Power
• Other Applications

End Users Covered:

• Commercial
• Industrial/Utility
• Residential
• Transportation
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Stationary Fuel Cells Market, By Capacity

• 5.1 Introduction
• 5.2 <3 kW
• 5.3 3 kW - 10 kW
• 5.4 10 kW - 50 kW
• 5.5 >50 kW

6 Global Stationary Fuel Cells Market, By Technology

• 6.1 Introduction
• 6.2 PAFC (Phosphoric Acid Fuel Cell)
• 6.3 MCFC (Molten carbonate fuel cells)
• 6.4 SOFC (Solid oxide fuel cell)
• 6.5 PEMFC (Proton exchange membrane fuel cell)

7 Global Stationary Fuel Cells Market, By Application

• 7.1 Introduction
• 7.2 Combined Heat and Power (CHP)
• 7.3 Main Power
• 7.4 Backup Power
• 7.5 Uninterrupted Power Supply (UPS)
• 7.6 Prime Power
• 7.7 Other Applications

8 Global Stationary Fuel Cells Market, By End User

• 8.1 Introduction
• 8.2 Commercial
• 8.3 Industrial/Utility
• 8.4 Residential
• 8.5 Transportation
• 8.6 Other End Users

9 Global Stationary Fuel Cells Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 AFC Energy PLC
• 11.2 Altergy
• 11.3 Ballard Power
• 11.4 Bloom Energy
• 11.5 Cummins Inc.
• 11.6 Doosan PureCell America
• 11.7 FuelCell Energy
• 11.8 Fuji Electric Co., Ltd.
• 11.9 GenCell Ltd.
• 11.10 JX Nippon
• 11.11 NUVERA FUEL CELLS, LLC.
• 11.12 Panasonic
• 11.13 Plug Power Inc.
• 11.14 POSCO ENERGY
• 11.15 SFC Energy AG
• 11.16 Siemens Energy
• 11.17 SOLIDpower
• 11.18 Toshiba