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North America Prime Power Stationary Fuel Cell Market Trends

Report ID: GMI7322
Published Date: Nov 2023
Report Format: PDF

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North America Prime Power Stationary Fuel Cell Market Trends

Gaining utilization across applications requiring continuous and reliable power along with preferrable choice for distributed power generation will foster the product deployment. Increasing investments for electrification in remote areas coupled with favorable regulations & norms will augment the business growth. Moreover, capability of these systems to deal with grid stabilization and uninterruptible power supply will enhance the industry potential.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America prime power stationary fuel cell was exceeded USD 87 million in 2022 and will reach more than USD 174 million by 2032, due to higher adoption of continuous and uninterrupted power generation in various applications.

North America prime power stationary fuel cell market from the< 10 kW capacity segment may cross USD 79 million by 2032, on account of various benefits, such as compact design, high resilience as well as less fuel consumption.

U.S. market for prime power stationary fuel cell was worth USD 380 million in 2022 owing to the ongoing decentralized energy generation for offering solution for on-site power production in the country.

Cummins Inc., Ballard Power Systems, PLUG POWER INC., Bloom Energy, SFC Energy AG, Aris Renewable Energy, GenCell Ltd., and Fuel Cell Energy, Inc. are some of the major prime power stationary fuel cell firms in North America.