Global Stationary Fuel Cell System Market Is Forecast To Surpass USD 20.7 Million By 2032

Industry Insights

The stationary fuel cell systems market will record a hefty 17.9% y-o-y over 2018 to reach over US$ 2,159 million by the end of 2019, reveals a recent market study published by Fact.MR. The study offers a holistic assessment on various market dynamics and macro and micro-economic factors that are influencing adoption of stationary fuel cell systems in various industrial verticals.

For More Insights Into The Market, Request a Sample of this Report –

APEJ Region will Outperform Developed Regions to Generate Maximum Sales Opportunities for Stationary Fuel Cell Systems

According to the Fact.MR study, the APEJ region has witnessed the highest growth rate in the past few years, and accounted for over one third revenue share in the stationary fuel cell systems market in 2018. While developed countries have continually created a positive growth environment for stationary fuel cell systems, the Asia Pacific region excluding Japan (APEJ) has outpaced other regions to attract maximum investments from stakeholders in the stationary fuel cell systems market.

Global Stationary Fuel Cell System Market Segments

  • By Technology :

    • MCFC
    • PAFC
    • PEMFC
    • SOFC
  • By Application :

    • Prime Power
    • Uninterrupted Power Supply (UPS)
    • Combined Heat and Power (CHP)
  • By Power Range :

    • Less than 1Kw
    • 5kW-250kW
    • 250kW-1mW
    • More than 1mW
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Competitive Landscape: Top Companies in Standard Part for Tool Making Market

The global stationary fuel cell system market is highly fragmented, with a significant number of local and regional companies. As a crucial strategy to strengthen their market footprint and better fulfil the needs of customers, industry players are focusing on developing new goods in response to the dynamic industry needs.

Also, the key companies have adopted numerous strategies including partnership, merger & acquisition etc. New product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of stationary fuel cell system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • On 4th May 2021Fuelcell Energy Inc. has received funding from U.S. Department of Energy (DOE) of $8 million for the previously announced ARPA-E project for development of ultra-high efficiency SOFC systems for power generation.
  • On 16th July 2020Plug Power Inc. have launched “GENSURE HP FUEL CELL PLATFORM”, a line of zero-emission stationary fuel cell systems designed for large-scale, high power backup power applications.

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