Hydrogen and Fuel Cells Market Augmented Expansion to be Registered by 2027

Posted by Arslan on July 10th, 2019

In order to dissert the market scenario prevailing across the stationary fuel cell systems market sector, FactMR has evenly presented a comprehensive stationary fuel cell systems market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the stationary fuel cell systems market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

Get a Free Sample Report from Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2456

Key Developments in the Stationary Fuel Cell Systems Market

• Bloom Energy Corporation, a California-based manufacturer in the stationary fuel cell systems market, recently announced that it will receive a project funding of over US$ 100 million from Key Equipment Finance, a bank-held equipment finance company in the U.S., to deploy industrial and commercial fuel cells across the country.
• Bloom Energy Corporation also announced a strategic partnership with SK Engineering and Construction (SK E&C) to expand the distribution channels for its solid oxide fuel cell systems in South Korea. With this partnership, Bloom Energy is aiming to establish a global leadership in the stationary fuel cell systems market by expanding its foothold in the Asia Pacific region.
• PowerCell Sweden AB (publ), a Swedish manufacturer in the stationary fuel cell systems market, recently entered a partnership with a German industrial group Siemens AG to develop power generating systems, including stationary fuel cell systems for marine applications.
• Another leading player in the stationary fuel cell systems market – Doosan Corporation is aiming to expand its business in the North American stationary fuel cell systems market through its subsidiary – Doosan Fuel Cell America Inc. – by establishing a strategic partnership with Wells Fargo Vendor Financial Services, a leading finance company in the North American region.
• Plug Power Inc., an American manufacturer of hydrogen fuel cells, recently acquired American Fuel Cell, a leading supplier of Membrane Electrode Assemblies (MEA). As the MEA technology is one of the most important catalysts for fuel cells in vehicles to generate electricity, this acquisition is expected to aid Plug Power Inc. to improve adoption of its electric powertrains or stationary fuel cell systems in the on-road industry.
• FuelCell Energy Inc., another U.S.-based company in the stationary fuel cell systems market, recently declared that it has entered a strategic agreement to acquire a 14.9 megawatt fuel cell park from Dominion Energy, an American power company, for over US$ 36.6 million. The company is aiming to add over US$ 15 million to its annual revenue with this acquisition, and ultimately establish a stronger position in the stationary fuel cell systems market in the upcoming years.

FactMR report provides comprehensive information about recent developments in the stationary fuel cell systems market. The report conducts a thorough research on the recent activities of several stationary fuel cell systems market players including Plug Power Inc., Fuelcell Energy Inc., Doosan Fuel Cell America, Ballard Power Systems, POSCO ENERGY, SOLIDpower Group, Bloom Energy Corporation, PowerCell, AFC Energy Plc., and Fuji Electric Co., Ltd.

Stationary Fuel Cell Systems Market will Remain Consolidated among Top Tiered Companies

According to the FactMR report, Bloom Energy Corporation, POSCO ENERGY, and Doosan Fuel Cell America are among the Tier I stakeholders, and Plug Power, Fuelcell Energy, Ballard Power Systems, and Fuji Electric Co., Ltd. are among the Tier II stakeholders in the stationary fuel cell systems market. Leading players in the stationary fuel cell systems are expected to account for 70-75% share in the growth of the stationary fuel cell systems market in the upcoming years.

A majority of top tiered companies have received huge funds from banks or finance companies, which is enabling them to meet their sustainability goals and financial needs. In addition, with the help of these funds and investments, stationary fuel cell systems market leaders are introducing cleaner, resilient, and more innovative power solutions. Whereas, needs for high initial investments pose financial barriers to entry for new players in the stationary fuel cell systems market, which in turn aids the dominance of top tiered companies in the stationary fuel cell systems market.

Based on the power range of stationary fuel cell systems, the stationary fuel cell systems market is segmented into 250kW-1mW, 5kW-250kW, less than 1Kw, and more than 1mW. Based on the technology used to manufacture stationary fuel cell systems, the stationary fuel cell systems market is segmented into Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC), Phosphoric Acid Fuel Cell (PAFC), and Molten Carbonate Fuel Cell (MCFC).

Depending on the applications of stationary fuel cell systems, the stationary fuel cell systems market is segmented into Combined Heat and Power (CHP), Prime Power, and Uninterrupted Power Supply (UPS). Based on the geographical regions, the stationary fuel cell systems market is segmented into North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).