Market Overview:
The global fuel cell distributed power generation systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for distributed power generation systems due to the rising need for energy security and grid stability. Additionally, government initiatives and subsidies are also aiding in the growth of this market. The global fuel cell distributed power generation systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into proton exchange membrane fuel cells (PEMFCs), solid oxide fuel cells (SOFCs), molten carbonate fuel cells (MCFCs), phosphoric acid fuel cells (PAFCs), and alkaline fuel cells (AFCs). PEMFCS held a major share of the global Fuel Cell Distributed Power Generation Systems Market in 2017 owing to their high efficiency and low emissions as compared to other types of Fuel Cells. However, SOFC technology is expected witness highest growth during 2018-2030 owing its advantages such as high efficiency levels even at partial loads, low emissions levels, long operational life spans etc. On account on application; large CHP accounted for majority share in 2017 while micro CHP are anticipated witness highest CAGR over next 10 years .
Product Definition:
Fuel Cell Distributed Power Generation Systems (FCDPGS) are systems that generate power by using fuel cells to convert hydrogen and oxygen into water, and then use the generated electricity to power a load. FCDPGS are important because they can provide clean, reliable power without emissions.
Proton Exchange Membrane Fuel Cell:
Proton exchange membrane (PEM) fuel cell is a type of fuel cell that uses protonic acid as its electrolyte. PEMFCs are relatively simple compared to the conventional solid-state electrolytes used in other types of fuel cells, such as polymer-based and liquid crystal electrolytes. Proton exchange membranes have a higher surface area and pore volume than traditional polymers, allowing more space for adsorption processes during the operation of the cell.
Solid Oxide Fuel Cell:
Solid oxide fuel cells (SOFC) are a type of fuel cell that uses solid oxide as its working material. The solid oxides used in these cells can be pure or mixed with catalysts to obtain high power output and efficiency. These SOFCs have several advantages over liquid metal-based systems, including higher thermal stability and the ability to operate at higher temperatures without any degradation in performance.
Application Insights:
The large-scale CHP segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to growing demand for clean combustion power for industrial applications, such as data centers. Large-scale CHP systems are also used for backup power generation in commercial buildings, which comprises of both small and large fuel cell units. The micro Combined Heat & Power (CHP) system is projected to grow at a lucrative rate over the forecast period owing to increasing R&D initiatives by major players such as Siemens Corporation., Gamesa Corporación Tecnología e Ingeniería, Ltd., FuelCell Energy Inc., etc. towards commercializing this technology across various end-use industries including hospitals, data centers, hotels/resorts and government facilities among others.
UPS segment accounted for a considerable market share in terms of revenue generation in 2017 due to increased demand from key industry participants including oil & gas companies operating onshore.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to favorable government policies and increasing investments by major companies. For instance, in 2015, Siemens Energy had announced plans of deploying FCvelocity Demonstration Plant with a capacity of 50 kilowatts at an installation site near Sacramento, California. This initiative was taken up as a part of company’s strategy to commercialize products at customer site rather than delivering it at industrial facilities which would lead towards reduction in overall carbon footprint associated with fuel cell power generation system deployment process.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due primarily installed base and economic benefits associated with proton exchange membrane (PEM) based systems over solid oxide (SOFC) technology as compared PEM fuel cells on account cost comparison between PEM.
Growth Factors:
- Increasing demand for fuel cell distributed power generation systems from the commercial and industrial sectors due to the advantages of fuel cells over traditional power generation technologies.
- Proliferation of microgrids, which are increasingly using fuel cell distributed power generation systems as a means to improve energy security and resiliency while reducing emissions.
- Growing demand for clean and renewable energy sources to meet government mandates and regulations related to climate change mitigation initiatives.
- Rapid advancements in fuel cell technology that are making these systems more efficient, reliable, and affordable, thereby driving increased adoption rates across a variety of applications markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell Distributed Power Generation Systems Market Research Report
By Type
Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cells, Alkaline Fuel Cell
By Application
Large CHP, Micro CHP, UPS
By Companies
FuelCel Energy, Bloom Energy, Ballard Power, Plug Power, Hydrogenics, Doosan, Toshiba, FuelCel Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell Distributed Power Generation Systems Market Report Segments:
The global Fuel Cell Distributed Power Generation Systems market is segmented on the basis of:
Types
Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cells, Alkaline Fuel Cell
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large CHP, Micro CHP, UPS
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FuelCel Energy
- Bloom Energy
- Ballard Power
- Plug Power
- Hydrogenics
- Doosan
- Toshiba
- FuelCel Energy
Highlights of The Fuel Cell Distributed Power Generation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Proton Exchange Membrane Fuel Cell
- Solid Oxide Fuel Cell
- Molten Carbonate Fuel Cell
- Phosphoric Acid Fuel Cells
- Alkaline Fuel Cell
- By Application:
- Large CHP
- Micro CHP
- UPS
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuel Cell Distributed Power Generation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuel cell distributed power generation systems are a type of energy system that uses fuel cells to convert chemical energy into electrical energy. The fuel cells produce electricity using oxygen and hydrogen gas as the primary sources of energy. This system is often used to generate power for small businesses and homes.
Some of the major players in the fuel cell distributed power generation systems market are FuelCel Energy, Bloom Energy, Ballard Power, Plug Power, Hydrogenics, Doosan, Toshiba, FuelCel Energy.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Cell Distributed Power Generation Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fuel Cell Distributed Power Generation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Cell Distributed Power Generation Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fuel Cell Distributed Power Generation Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fuel Cell Distributed Power Generation Systems Market Size & Forecast, 2018-2028
4.5.1 Fuel Cell Distributed Power Generation Systems Market Size and Y-o-Y Growth
4.5.2 Fuel Cell Distributed Power Generation Systems Market Absolute $ Opportunity
Chapter 5 Global Fuel Cell Distributed Power Generation Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
5.2.1 Proton Exchange Membrane Fuel Cell
5.2.2 Solid Oxide Fuel Cell
5.2.3 Molten Carbonate Fuel Cell
5.2.4 Phosphoric Acid Fuel Cells
5.2.5 Alkaline Fuel Cell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fuel Cell Distributed Power Generation Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
6.2.1 Large CHP
6.2.2 Micro CHP
6.2.3 UPS
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Cell Distributed Power Generation Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fuel Cell Distributed Power Generation Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fuel Cell Distributed Power Generation Systems Analysis and Forecast
9.1 Introduction
9.2 North America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
9.6.1 Proton Exchange Membrane Fuel Cell
9.6.2 Solid Oxide Fuel Cell
9.6.3 Molten Carbonate Fuel Cell
9.6.4 Phosphoric Acid Fuel Cells
9.6.5 Alkaline Fuel Cell
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
9.10.1 Large CHP
9.10.2 Micro CHP
9.10.3 UPS
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fuel Cell Distributed Power Generation Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Fuel Cell Distributed Power Generation Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
10.6.1 Proton Exchange Membrane Fuel Cell
10.6.2 Solid Oxide Fuel Cell
10.6.3 Molten Carbonate Fuel Cell
10.6.4 Phosphoric Acid Fuel Cells
10.6.5 Alkaline Fuel Cell
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
10.10.1 Large CHP
10.10.2 Micro CHP
10.10.3 UPS
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fuel Cell Distributed Power Generation Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuel Cell Distributed Power Generation Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
11.6.1 Proton Exchange Membrane Fuel Cell
11.6.2 Solid Oxide Fuel Cell
11.6.3 Molten Carbonate Fuel Cell
11.6.4 Phosphoric Acid Fuel Cells
11.6.5 Alkaline Fuel Cell
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
11.10.1 Large CHP
11.10.2 Micro CHP
11.10.3 UPS
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fuel Cell Distributed Power Generation Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
12.6.1 Proton Exchange Membrane Fuel Cell
12.6.2 Solid Oxide Fuel Cell
12.6.3 Molten Carbonate Fuel Cell
12.6.4 Phosphoric Acid Fuel Cells
12.6.5 Alkaline Fuel Cell
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
12.10.1 Large CHP
12.10.2 Micro CHP
12.10.3 UPS
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fuel Cell Distributed Power Generation Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuel Cell Distributed Power Generation Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fuel Cell Distributed Power Generation Systems Market Size Forecast by Type
13.6.1 Proton Exchange Membrane Fuel Cell
13.6.2 Solid Oxide Fuel Cell
13.6.3 Molten Carbonate Fuel Cell
13.6.4 Phosphoric Acid Fuel Cells
13.6.5 Alkaline Fuel Cell
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fuel Cell Distributed Power Generation Systems Market Size Forecast by Applications
13.10.1 Large CHP
13.10.2 Micro CHP
13.10.3 UPS
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fuel Cell Distributed Power Generation Systems Market: Competitive Dashboard
14.2 Global Fuel Cell Distributed Power Generation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FuelCel Energy
14.3.2 Bloom Energy
14.3.3 Ballard Power
14.3.4 Plug Power
14.3.5 Hydrogenics
14.3.6 Doosan
14.3.7 Toshiba
14.3.8 FuelCel Energy
