Global stationary fuel cell market to grow to USD 17.10 B in 2025

reogma|Global stationary fuel cell market to grow to USD 17.10 B in 2025

The market size of the Global Stationary Fuel Cell market is estimated to be USD 5.53 Billion in 2018 and is expected to record CAGR growth rate of 17.5% and is expected to reach a market size of USD 17.10 Billion in 2025.

The Growth Opportunities offered by the Global Stationary Fuel Cell Market includes Increasing R&D activities, Development of Zero-Energy Buildings and increasing adoption of microgrids

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

An electrochemical cell that produces electricity through electrochemical reaction of hydrogen fuel with oxygen is known as fuel cell. Stationary fuel cells are fuel cells which are linked to an electric grid to deliver emergency and supplemental power or setup as independent grid generator for daily use.

Fuel cells require a constant source of oxygen (air) and fuel to support the chemical reaction; however, energy is sourced from the chemical that is already present in the battery. The electricity in a fuel cell can be produced constantly as long as oxygen and fuel are supplied to the cell.

Efficiency of fuel cells is two to three times more than traditional combustion systems. A conventional combustion system generates electricity at efficiencies of around 35%, while the fuel cell system generates electricity at efficiency of nearly 65% and can be more energy efficient with cogeneration. The fuel cell can be powered with flexible fuels such as biogas, natural gas, and renewable source such as wind and solar.

A fuel cell system requires less maintenance as compared to traditional combustion engines, as it consists of fewer moving parts. The use of fuel cell is projected to reduce emission. Use of hydrogen as a source of energy can reduce dependency on more polluting fuels such as coal and oil. Fuel cells generate less noise as compared to the traditional systems.

Stationary fuel cell systems require working fuel such as hydrogen or organic gas, which include methane or natural gas. The gas is led into the first chamber with an anode electrode. The anode is attached to a cathode present in the second chamber and a closed electric circuit is formed. Air is introduced in the second chamber for an electrochemical reaction. The oxidation process take place as the fuel decomposes into a positively charged ion of fuel and negatively charged electron in the first chamber, which consists of an anode.

The positively charged ions travel to the cathode chamber through the electrolyte. The ions mix with electrons and react with the oxygen to create water (if hydrogen is used as fuel) or carbon dioxide (if organic gas is used as fuel) at the cathode. The migration of electrons through the electric circuit generates electricity.

reogma|Global stationary fuel cell market to grow to USD 17.10 B in 2025


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Sun Nov 24 , 2019
The market size of the Global Stationary Fuel Cell market is estimated to be USD 5.53 Billion in 2018 and is expected to record CAGR growth rate of 17.5% and is expected to reach a market size of USD 17.10 Billion in 2025. The Growth Opportunities offered by the Global […]
reogma|Global stationary fuel cell market to grow to USD 17.10 B in 2025reogma|Global stationary fuel cell market to grow to USD 17.10 B in 2025

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