Stationary Fuel Cell Market - Top Companies and Manufacturers

  • Report ID: 6677
  • Published Date: Nov 12, 2024
  • Report Format: PDF, PPT

Companies Dominating the Stationary Fuel Cell Landscape

    The current stationary fuel cell market is focusing on manufacturing complete zero-emission energy production through developing their technology and production capability. They are introducing hybrid systems that can be integrated for multiple applications, including on-premises power generation. For instance, in January 2023, Nuvera launched G-Series Power Generators, which can deliver 360 kW and 470 kW by using hydrogen. The containerized package can further produce three-phase VAC power for commercial and industrial applications including data centers, electric vehicles, backup power, and microgrids. Such product utility is attracting more companies to invest in this market. Such key players include:

    • Bloom Energy
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ballard Power Systems Inc.
    • FuelCell Energy, Inc.
    • Plug Power Inc.
    • Hydrogenics Corporation
    • Ceres Power Holdings plc
    • Doosan Corporation Intelligent Energy Limited
    • SerEnergy A/S
    • Sainergy Tech, Inc.
    • FC TecNrgy Pvt Ltd.
    • K- Pas Instronic Engineers India Private Limited
    • Power & Energy, Inc.
    • Nuvera
    • SFC Energy

Browse Key Market Insights with Data Illustration:

In the News

  • 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.
  • In March 2024, Ballard received an order for 15MW fuel cell systems from an off-grid renewable power generating company in the UK. The order is expected to encompass 150 x FCmove-HD+ 100 kW systems throughout late 2024 to 2025.

Author Credits:  Dhruv Bhatia


  • Report ID: 6677
  • Published Date: Nov 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the stationary fuel cell market was over USD 6.3 billion.

The market size for the stationary fuel cell market is projected to reach USD 25 billion by the end of 2037 expanding at a CAGR of 12.2% during the forecast period i.e., between 2025-2037.

The major players in the market are Bloom Energy, Ballard Power Systems Inc., FuelCell Energy, Inc., Plug Power Inc., Hydrogenics Corporation, Ceres Power Holdings plc, Doosan Corporation Intelligent Energy Limited, SerEnergy A/S, Sainergy Tech, Inc., FC TecNrgy Pvt Ltd., K- Pas Instronic Engineers India Private Limited, Power & Energy, Inc., and others.

In terms of type, the solid oxide fuel cell segment is anticipated to garner the largest market share of 58.7% by 2037 and display lucrative growth opportunities during 2025-2037.

The Asia Pacific market is projected to hold the largest market share, 59.1%, by the end of 2037 and provide more business opportunities in the future.
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