This news is classified in: Traditional Energy
May 20, 2018
The report, now available on ASDReports, recognizes the following companies as the key players in the global stationary fuel cell market: Ballard Power Systems, Bloom Energy, Doosan Fuel Cell America, FuelCell Energy, PLUG POWER, and POSCO ENERGY.
Commenting on the report, an analyst said: “One trend in the market is growing preference for self-generation. To meet the growing need for uninterrupted and reliable power supply, advanced economies have started to adopt several methods of distributed energy generation. With the growing instance of natural calamities disrupting the continuous flow of power, customers across the globe have started seeking increased resiliency and reliability of stationary fuel cells.”
According to the report, one driver in the market is rising energy consumption. Globally, the rapid growth in urbanization has made an impact on the power consumption. Currently, most of the power demands are met using fossil fuel, which is harmful to the atmosphere.
By Type (Fuel Grade, Calcined Coke), By Application (Aluminum & Other Metals, Cement, Storage, Steel, Power, and Others), By Region and Competition, 2019-2029F
Download free sample pagesFurther, the report states that one challenge in the market is high fuel cell cost. Though, the adoption of the fuel cell has increased gradually over the years owing to its higher efficiency, and environmental benefits. However, its cost is relatively higher than alternative technologies such as gas engine or micro-turbine.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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