Stationary Fuel Cell Market size was over USD 6.3 billion in 2024 and is estimated to reach USD 25 billion by the end of 2037, expanding at a CAGR of 12.2% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of stationary fuel cell is assessed at USD 7 billion.
The growth is driven by the demand for clean energy solutions in various businesses. The industry is also adopting these technologies to gain sustainability by introducing efficient alternatives. For instance, in May 2023, BASF and Advent Technologies partnered to establish a reliable supply chain for hydrogen fuel cells in Europe. According to the agreement, BASF will accelerate the production of Celtec MEA technology to support the planned Advent fuel cell manufacturing facility in Greece.
The growing demand for electricity due to emerging private organizations is inflating the demand in the stationary fuel cell market for sustainable and cost-effective solutions. According to an EIA report published in June 2023, the energy consumption by commercial buildings accounted to be 32% of the total U.S. power usage. Thus, with the increase in the number of businesses and electricity prices, the demand for affordable energy alternatives is rising. Fuel cells can act as a decentralized power generation tool, reducing the pressure upon conventional power grids. The push for achieving neutrality goals is also forcing corporate organizations to implement less-emission power generators. This is further influencing the adoption rate of energy-efficient solutions to grow higher.
Author Credits: Dhruv Bhatia
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