Global Stationary Fuel Cell Market

Stationary Fuel Cell Market Size, Share, Growth Analysis, Type (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, Molten Carbonate Fuel Cell, Solid Oxide Fuel Cell, Direct Methanol Fuel Cell, Others), By Capacity, By End User, By Region -Industry Forecast 2025-2032


Report ID: SQMIG55F2064 | Region: Global | Published Date: February, 2025
Pages: 191 | Tables: 95 | Figures: 72

Stationary Fuel Cell Market News

  • In March 2024, Ballard Power Systems announced an order for 15 megawatts (MW) of fuel cell systems from a UK-based company specializing in renewable off-grid power generation. Ballard expects to deliver 150 x FCmove-HD+ 100 kW systems.
  • In March 2023, Cummins launched a new brand Accelera to its New Power business unit. It provides a varied portfolio of zero-emissions solutions for vital industries, thereby empowering customers to accelerate their transition toward a sustainable future.
  • In October 2024, SFC Energy acquired a small stationary hydrogen fuel cell business of Ballard in Scandinavia. This acquisition will help its Danish subsidiary, SFC Denmark to expand its reach in Europe through accessing selected assets of BPSE.
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Global Stationary Fuel Cell Market size was valued at USD 1.42 Billion in 2023 and is poised to grow from USD 1.59 Billion in 2024 to USD Billion 4.02 by 2032, growing at a CAGR of 12.3% in the forecast period (2025-2032).

Key players in the global stationary fuel cell industry are actively engaged in developing advanced technological solutions to enhance their capacity and efficiency. Their focus is on improving durability and increasing overall efficiency while reducing production costs, making them more competitive with traditional energy sources. The rapidly growing demand for electrical power across various end-use applications is further propelling the growth of the market. Manufacturers and governments are increasingly collaborating to boost production and facilitate the adoption of fuel cells worldwide. Strategic investments in fuel cell infrastructure are critical to meeting surging energy demands, allowing industry players to concentrate on key business strategies such as strategic collaborations, relevant acquisitions, and innovative partnerships. 'Ballard Power Systems', 'FuelCell Energy, Inc.', 'Doosan Fuel Cell Co., Ltd.', 'Cummins, Inc.', 'Plug Power Inc.', 'TOSHIBA CORPORATION', 'SFC Energy AG', 'Aris Renewable Energy LLC.', 'AFC Energy PLC', 'Fuji Electric Co., Ltd.', 'NUVERA FUEL CELLS, LLC.', 'Bloom Energy', 'POSCO ENERGY', 'Accelera', 'Nedstack Fuel Cell Technology B.V.', 'Ceres Power Holdings Plc'

The environmental impact of emissions due to excessive power demand is raising concern among regional governing bodies. Thus, they are promoting investment in the stationary fuel cell market. Several regional governments are enacting favorable policies and subsidies including tax incentives, grants, and mandating rules, pushing the adoption of these clean energy sources. 

Increasing Expansion of Hydrogen Infrastructure: One of the prominent global stationary fuel cell market trends is the significant expansion of hydrogen infrastructure. The fuel cells, particularly proton exchange membrane fuel cells (PEMFCs), rely on hydrogen as their primary fuel source. Due to this reason the availability and accessibility of hydrogen refuelling stations and production facilities are crucial for the widespread adoption of fuel cell technology.

North America is dominating with the largest stationary fuel cell market share. North America is leading in the market with companies such as Plug Power and Ballard Power Systems headquartered in this region. Their participation highlights North America’s strong research and development base, which continues to drive advances in fuel cell technology. Government activities in the United States support the market by providing incentives such as tax credits and grants to encourage fuel cell use. Stationary fuel cells have a wide range of uses in North America, including supplying backup power for important facilities, permitting on-site power generation in isolated areas, and facilitating combined heat and power systems. This broad application spectrum demonstrates fuel cells’ versatility and adaptability in serving a variety of energy needs.

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Global Stationary Fuel Cell Market

Report ID: SQMIG55F2064

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