North America Prime Power Stationary Fuel Cell Market Analysis

North America Prime Power Stationary Fuel Cell Market Analysis

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Based on capacity, the < 10 kW prime power stationary fuel cell market will surpass USD 79 million by 2032, on account of the various benefits including compact design, high resilience, as well as less fuel consumption among others in conjunction with new product developments encouraging power generation. Additionally, growing consumer concerns toward using clean energy to reduce carbon emissions along with developing market for electricity systems, including back-up power systems will propel the industry landscape.
 

The industry/utility prime power stationary fuel cell market is anticipated to register at a 7% growth rate up to 2032. Introduction of hydrogen roadmaps and standards in line with huge installation of the systems generating both heat and electricity is set to influence the adoption of large-scale stationary systems primarily across the utility sector. Moreover, increasing operation of regulatory norms & mandates combined with surging demand for large multi-megawatt units to provide electricity in off-grid areas will significantly strengthen the industry outlook.
 

U.S. prime power stationary fuel cell market was recorded USD 380 million in 2022 owing to ability of these fuel cells to enhance energy security by offering a dependable source of electricity coupled with focus on reducing greenhouse gas emissions and mitigating climate change. Furthermore, ongoing decentralized energy generation offering solution for on-site power production in line with expansion of hydrogen infrastructure, including hydrogen production, storage, and distribution will accelerate the business potential.