Stationary Fuel Cell Market Development and Regional Growth Overview 2022-2030

According to the latest research study, the stationary fuel cell market is expected to grow at a CAGR of 13.1% between 2022 and 2030. The constant endeavor of industry contenders to establish a strong foothold has prepared the groundwork for product innovations across the global market. Several companies are depicting a keen interest in capacity expansion initiatives and the formulation of corporate strategies.

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The Asia Pacific region is witnessing an increase in partnership agreements and collaborations by regional stationary fuel cell manufacturers. Citing an instance, in September 2021, UK-based Intelligent Energy inked an MoU (memorandum of understanding) with Powerzone H2 Technologies Pte Ltd, a Singapore-based manufacturer of power-plant solutions.

Under the agreement, Powerzone H2 secured the opportunity to explore potential avenues for hydrogen technologies in Southeast Asia. Similar agreements are likely to enhance the business scenario in the APAC region over the forthcoming years.

Europe stationary fuel cell market size is set to grow at a remarkable rate through 2030. This rise can be credited to the growing adoption of regulatory policies in the region.

For instance, in 2020, the EU formulated its national hydrogen strategy, which is heavily focused on emissions-free green hydrogen. Under the strategy, the region has set a target of installing 40 gigawatts of renewable hydrogen electrolyzer capacity by 2030.

Another significant development in the region is the European Clean Hydrogen Alliance. The initiative is aimed at supporting large-scale deployment and investments in clean hydrogen projects. Numerous member states within the bloc have set pace for becoming large-scale hydrogen exporters, importers, or transit hubs.

The North America stationary fuel cell market in is expected to record substantial expansion over the forecast period. This is because numerous states in the U.S. are focusing on the launch of various programs for ensuring the development of clean hydrogen.

One such instance is California, which launched the Clean Vehicle Rebate Program for supporting the FCEV market growth in the country. Additionally, the U.S. government also passed the Infrastructure Investment and Jobs Act of 2021. The law allocated a budget of USD 9.5 billion for boosting clean hydrogen development.

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Partial Chapter of the Table of Content

Chapter 5   Stationary Fuel Cell Market, By End Use

5.1    Stationary fuel cell market share by end use, 2021 & 2030

5.2    Residential

5.2.1    Global market from residential, 2018 – 2030

5.2.2    Global market from residential, by region, 2018 – 2030

5.3    Commercial

5.3.1    Global market from commercial, 2018 – 2030

5.3.2    Global market from commercial, by region, 2018 – 2030

5.4    Industrial/Utility

5.4.1    Global market from industrial/utility, 2018 – 2030

5.4.2    Global market from industrial/utility, by region, 2018 – 2030

Chapter 6   Stationary Fuel Cell Market, By Application

6.1    Stationary fuel cell market share by application, 2021 & 2030

6.2    Prime power

6.2.1    Global market from prime power, 2018 – 2030

6.2.2    Global market from prime power, by region, 2018 – 2030

6.3    CHP

6.3.1    Global market from CHP, 2018 – 2030

6.3.2    Global market from CHP, by region, 2018 – 2030

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