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North America Prime Power Stationary Fuel Cell Market Trends

  • Report ID: GMI7322
  • Published Date: Nov 2024
  • Report Format: PDF

North America Prime Power Stationary Fuel Cell Market Trends

Increasing demand for continuous and reliable power across various applications coupled with growing preference for distributed power generation will boost the product deployment. Investments in electrification for remote areas, supported by favorable regulations and norms, will drive business growth. Regulatory support and government incentives, such as the U.S. Department of Energy’s (DOE) funding programs, tax credits will drive the market growth. Additionally, the system’s ability to ensure grid stabilization and provide an uninterruptible power supply will highlight the significant potential of the industry.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The North American market for prime power stationary fuel cell was reached USD 31.8 million in 2024 and is estimated to grow at a 12.9% CAGR from 2025 to 2034, driven by efforts to foster a sustainable hydrogen-based economy.

The < 3 kW segment is anticipated to reach more than USD 17 million by 2034, due to benefits like compact design, high resilience, and reduced fuel consumption.

The industry/Utility segment is set to grow at over a 13% CAGR through 2034, led by the introduction of hydrogen roadmaps and standards, and substantial installations of systems generating both heat and electricity.

The U.S. prime power stationary fuel cell market is likely to exceed USD 85.5 million by 2034, propelled by the ability to enhance energy security and the global focus on reducing greenhouse gas emissions.

The industry features key players such as Aris Renewable Energy, Ballard Power Systems, Bloom Energy, Cummins, Fuel Cell Energy, Fuji Electric, GenCell, Nuvera Fuel Cells, Plug Power, and SFC Energy.

North America Prime Power Stationary Fuel Cell Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 20
  • Countries covered: 2
  • Pages: 50
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