Global Stationary Fuel Cell Market Overview

Stationary Fuel Cell Market Size Was Valued at USD 613.83 MW Units in 2023 and is Projected to Reach USD 3117.69 MW Units by 2032, Growing at a CAGR of 19.79% From 2024-2032

A stationary fuel cell system is a stationary or non-mobile power system, in which a fuel cell or multiple fuel cells are used to produce electricity by an electrochemical reaction. Stationary fuel cell systems are generally used as a primary power source, backup power source, or combined heat and power (CHP) source in multiple applications, especially in critical areas. Fuel cells can be used as primary propulsion power, backup, or combined heat and power source (CHP) for fixed applications. Fixed fuel cells can be approximated to manage anything from a solitary family home to a massive business place, which implicit they bode well for a wide scope of business sectors including retail, private, media communications, server farms, and some more. Energy components for fixed applications contrast from versatile and car applications in the determination of fuel, power module, and the warming and cooling of the stacks.

A mixture of fixed energy component power frameworks has been created to take into account the emerging interest for power supply. Due to this rising demand, the global stationary fuel cells market is projected to rise rapidly in the coming years. Furthermore, stationary fuel cell turned vehicles are highlighted all over chains of logistic giants, with some conveyance organizations presenting hydrogen as a range extender for battery vehicles. For instance, the German conveyance organization Deutsche Post DHL announced in May of this current year that it will send 100 energy component-controlled trucks initial phase in 2020. These validations of stationary fuel cells also accelerate the growth of the global stationary fuel cell market.

Market Dynamics and Factors of the Stationary Fuel Cell Market

Drivers:

Stationary fuel cells can offer backup, ranging from a short-term period of eight hours to a long-term period of three days. The backup continues as long as the fuel is provided. Stationary fuel cells do not occupy much area and can be fused in different machines, including refrigerators. Overheating causes problems in conventional batteries. Stationary fuel cells are known to operate at a temperature lower than that of regular batteries.

Lithium-ion batteries were better substitutes for lead batteries in the 1970s. Nevertheless, the market share of lithium-ion batteries has been reducing over a period owing to developments in stationary fuel cells. Lithium-ion batteries store electricity and distribute it whenever needed. However, their charging capacity decreases with aging, resulting in deterioration of battery life.

Backup power systems need to be authentic. This can be accomplished by fuel cells. Stationary fuel cells provide constant power during power failures, with less than a minute of maintenance in six years. Lithium-ion batteries are the major alternative for stationary fuel cells; nevertheless, these batteries heat up and become resistive during applications. Stationary fuel cells have parts that do not vibrate; hence, they are less turbulent and require low maintenance as compared to generators or existing backup power options. The applications of stationary fuel cells in the place of conventional batteries are expected to help curb extra energy consumption and cost, and keep the environment green and safe.

Restraints:

High cost continues to hamper the demand for stationary fuel cells. The solid oxide fuel cell (SOFC) technology exhibits significant growth in the commercial industry; however, valuable and expensive metal catalysts used to build solid oxide fuel cell-based stationary fuel cell systems account for more than 70% of the total cost.

The advancement of stationary fuel cells needs high initial investment and wide and deep research & development, as the market is still in the emerging phase. Hence, only companies with large funds and high expertise would find it easy to enter the stationary fuel cell market.

The cost of switching from one type of fuel cell to another is high for producers, as it would require the establishment of a new plant and discarding the old plant. It is not easy to store hydrogen. Moreover, a pipeline is needed to provide hydrogen. Pipelines used to carry hydrogen are nearly 30% more costly than those that hold natural gas.

Opportunities:

Growth in the consciousness regarding the environment and rise in carbon emissions are turning the adoption of green and clean energy. The burning of fossil fuels gives on to greenhouse emissions. According to, the Environmental Impact Assessment (EIA) in 2018 reported that carbon dioxide alone accounted for 82% of the total greenhouse gases. It further reported that global carbon dioxide emissions are anticipated to grow at a rate of 1.9% per year.

The prices of stationary fuel cells are also declining, making them competitive with other fuels such as gasoline and diesel. Stationary fuel cells can overcome emissions from 85% to 35% if they replace gasoline or diesel IC engines. Stationary fuel cells are also useful if replaced in battery-operated forklifts since they lower emissions by 30%. execution of U.S. EPA regulations related to the reduction of greenhouse gases, and amendments such as the Clean Air Act, are motivating consumers to adopt fuel cell-driven cars.

Increasing the requirements for minimizing emissions and enhancing the energy efficiency of automobiles, the adoption of fuel cells has increased in the automotive industry, producing lucrative sales opportunities for manufacturers in the stationary fuel cell systems market.

Market Segmentation

Segmentation Analysis of Stationary Fuel Cell Market:

Based on the Type, Proton exchange membrane fuel cells are expected to dominate the market during the forecast period. These cells are employed in various applications such as in forklifts, automobiles, telecommunications, data centers, primary systems, and backup power systems. These fuel cells are used in units ranging from several watts to several kilowatts. PEMFC is one of the promising technologies used for light-duty vehicles in stationary applications. These cells use water-based acidic polymer membranes as electrolytes. They are also used for the generation of electricity in the residential sector. Proton exchange membrane fuel cells are also called polymer electrolyte fuel cells. They are used as highly efficient, non-polluting power sources for vehicles and electronic devices. These cells typically operate at temperatures ranging from 160°F to 195°F, and pressures ranging from 15 PSIG to 30 PSIG.

Regional Analysis of Stationary Fuel Cell Market:

Asia Pacific region is expected to dominate the market during the forecast period, owing to growth in the demand for electricity in industrial centers such as data centers and hospitals. Some economies in the region, such as China and South Korea, supply subsidies on the installation of fuel cells. This is anticipated to turn the stationary fuel cell market in the Asia Pacific over the projected period. Investments in clean energy through the accession of fuel cell technology have been rising in the Asia Pacific. This is expected to shift the energy mix in Asia in the next few years. Adoption of strict government regulations to decline carbon emissions is expected to act a major role in the growth in the demand for stationary fuel cells in the Asia Pacific over the projected period.

North American stationary fuel cell market held a significant share during the forecast period, in terms of capacity due to the presence of aiding policies to limit carbon footprint in the region coupled with the accessibility of funds for the research & development associated with fuel cells. Moreover, the presence of vendors such as Bloom Energy has tuned the installation of fuel cells for stationary applications in the U.S. in sectors such as sports stadiums, commercial buildings, and data centers.

Players Covered in Stationary Fuel Cell Market are:

• K- Pas Instronic Engineers India Private Limited
• Intelligent Energy Limited
• Bloom Energy
• Power & Energy Inc.
• Ballard Power Systems Inc.
• FuelCell Energy Inc.
• Plug Power Inc.
• SerEnergy A/S
• Hydrogenics Corporation, Sainergy Tech
• Doosan Corporation
• Toshiba Corporation
• Panasonic Corporation
• Mitsubishi Hitachi Power Systems Ltd.
• FC TecNrgy Pvt. Ltd.
• Ceres Power Holdings Plc and other major players.

Key Industry Developments in Stationary Fuel Cell Market

• In March 2024, Ballard Power Systems announced an order for 15 megawatts (MW) of fuel cell systems from a UK-based company specializing in renewable off-grid power generation. Ballard expects to deliver 150 x FCmove®-HD+ 100 kW systems.
• In December 2023, Bloom Energy and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, announced they have extended the terms of the Preferred Distributor Agreement (“PDA”) SK ecoplant has committed to purchase 500 megawatts (MW) of Energy Servers from Bloom Energy through 2027. The transaction is expected to generate approximately $1.5 billion in product revenue and $3 billion in service revenue over 20 years for Bloom Energy.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Stationary Fuel Cell Market by Type
 5.1 Stationary Fuel Cell Market Overview Snapshot and Growth Engine
 5.2 Stationary Fuel Cell Market Overview
 5.3 Solid Oxide Fuel Cells
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Solid Oxide Fuel Cells: Grographic Segmentation
 5.4 Proton Exchange Membrane Fuel Cells
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Proton Exchange Membrane Fuel Cells: Grographic Segmentation
 5.5 Phosphoric Acid Fuel Cells
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Phosphoric Acid Fuel Cells: Grographic Segmentation
 5.6 Molten Carbonate Fuel Cells
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Molten Carbonate Fuel Cells: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Stationary Fuel Cell Market by Application
 6.1 Stationary Fuel Cell Market Overview Snapshot and Growth Engine
 6.2 Stationary Fuel Cell Market Overview
 6.3 Prime Power
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Prime Power: Grographic Segmentation
 6.4 CHP
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 CHP: Grographic Segmentation
 6.5 Other Applications
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Other Applications: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Stationary Fuel Cell Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Stationary Fuel Cell Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Stationary Fuel Cell Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 K- PAS INSTRONIC ENGINEERS INDIA PRIVATE LIMITED
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 INTELLIGENT ENERGY LIMITED
 7.4 BLOOM ENERGY
 7.5 POWER & ENERGY INC.
 7.6 BALLARD POWER SYSTEMS INC.
 7.7 FUELCELL ENERGY INC.
 7.8 PLUG POWER INC.
 7.9 SERENERGY A/S
 7.10 HYDROGENICS CORPORATION
 7.11 SAINERGY TECH
 7.12 DOOSAN CORPORATION
 7.13 TOSHIBA CORPORATION
 7.14 PANASONIC CORPORATION
 7.15 MITSUBISHI HITACHI POWER SYSTEMS LTD.
 7.16 FC TECNRGY PVT. LTD.
 7.17 CERES POWER HOLDINGS PLC
 7.18 OTHER MAJOR PLAYERS

Chapter 8: Global Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Solid Oxide Fuel Cells
  8.2.2 Proton Exchange Membrane Fuel Cells
  8.2.3 Phosphoric Acid Fuel Cells
  8.2.4 Molten Carbonate Fuel Cells
  8.2.5 Others
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Prime Power
  8.3.2 CHP
  8.3.3 Other Applications

Chapter 9: North America Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Solid Oxide Fuel Cells
  9.4.2 Proton Exchange Membrane Fuel Cells
  9.4.3 Phosphoric Acid Fuel Cells
  9.4.4 Molten Carbonate Fuel Cells
  9.4.5 Others
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Prime Power
  9.5.2 CHP
  9.5.3 Other Applications
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Solid Oxide Fuel Cells
  10.4.2 Proton Exchange Membrane Fuel Cells
  10.4.3 Phosphoric Acid Fuel Cells
  10.4.4 Molten Carbonate Fuel Cells
  10.4.5 Others
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Prime Power
  10.5.2 CHP
  10.5.3 Other Applications
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Solid Oxide Fuel Cells
  11.4.2 Proton Exchange Membrane Fuel Cells
  11.4.3 Phosphoric Acid Fuel Cells
  11.4.4 Molten Carbonate Fuel Cells
  11.4.5 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Prime Power
  11.5.2 CHP
  11.5.3 Other Applications
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Solid Oxide Fuel Cells
  12.4.2 Proton Exchange Membrane Fuel Cells
  12.4.3 Phosphoric Acid Fuel Cells
  12.4.4 Molten Carbonate Fuel Cells
  12.4.5 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Prime Power
  12.5.2 CHP
  12.5.3 Other Applications
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Stationary Fuel Cell Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Solid Oxide Fuel Cells
  13.4.2 Proton Exchange Membrane Fuel Cells
  13.4.3 Phosphoric Acid Fuel Cells
  13.4.4 Molten Carbonate Fuel Cells
  13.4.5 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Prime Power
  13.5.2 CHP
  13.5.3 Other Applications
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. STATIONARY FUEL CELL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. STATIONARY FUEL CELL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. STATIONARY FUEL CELL MARKET COMPETITIVE RIVALRY
TABLE 005. STATIONARY FUEL CELL MARKET THREAT OF NEW ENTRANTS
TABLE 006. STATIONARY FUEL CELL MARKET THREAT OF SUBSTITUTES
TABLE 007. STATIONARY FUEL CELL MARKET BY TYPE
TABLE 008. SOLID OXIDE FUEL CELLS MARKET OVERVIEW (2016-2028)
TABLE 009. PROTON EXCHANGE MEMBRANE FUEL CELLS MARKET OVERVIEW (2016-2028)
TABLE 010. PHOSPHORIC ACID FUEL CELLS MARKET OVERVIEW (2016-2028)
TABLE 011. MOLTEN CARBONATE FUEL CELLS MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. STATIONARY FUEL CELL MARKET BY APPLICATION
TABLE 014. PRIME POWER MARKET OVERVIEW (2016-2028)
TABLE 015. CHP MARKET OVERVIEW (2016-2028)
TABLE 016. OTHER APPLICATIONS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA STATIONARY FUEL CELL MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA STATIONARY FUEL CELL MARKET, BY APPLICATION (2016-2028)
TABLE 019. N STATIONARY FUEL CELL MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE STATIONARY FUEL CELL MARKET, BY TYPE (2016-2028)
TABLE 021. EUROPE STATIONARY FUEL CELL MARKET, BY APPLICATION (2016-2028)
TABLE 022. STATIONARY FUEL CELL MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC STATIONARY FUEL CELL MARKET, BY TYPE (2016-2028)
TABLE 024. ASIA PACIFIC STATIONARY FUEL CELL MARKET, BY APPLICATION (2016-2028)
TABLE 025. STATIONARY FUEL CELL MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA STATIONARY FUEL CELL MARKET, BY TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA STATIONARY FUEL CELL MARKET, BY APPLICATION (2016-2028)
TABLE 028. STATIONARY FUEL CELL MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA STATIONARY FUEL CELL MARKET, BY TYPE (2016-2028)
TABLE 030. SOUTH AMERICA STATIONARY FUEL CELL MARKET, BY APPLICATION (2016-2028)
TABLE 031. STATIONARY FUEL CELL MARKET, BY COUNTRY (2016-2028)
TABLE 032. K- PAS INSTRONIC ENGINEERS INDIA PRIVATE LIMITED: SNAPSHOT
TABLE 033. K- PAS INSTRONIC ENGINEERS INDIA PRIVATE LIMITED: BUSINESS PERFORMANCE
TABLE 034. K- PAS INSTRONIC ENGINEERS INDIA PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 035. K- PAS INSTRONIC ENGINEERS INDIA PRIVATE LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. INTELLIGENT ENERGY LIMITED: SNAPSHOT
TABLE 036. INTELLIGENT ENERGY LIMITED: BUSINESS PERFORMANCE
TABLE 037. INTELLIGENT ENERGY LIMITED: PRODUCT PORTFOLIO
TABLE 038. INTELLIGENT ENERGY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. BLOOM ENERGY: SNAPSHOT
TABLE 039. BLOOM ENERGY: BUSINESS PERFORMANCE
TABLE 040. BLOOM ENERGY: PRODUCT PORTFOLIO
TABLE 041. BLOOM ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. POWER & ENERGY INC.: SNAPSHOT
TABLE 042. POWER & ENERGY INC.: BUSINESS PERFORMANCE
TABLE 043. POWER & ENERGY INC.: PRODUCT PORTFOLIO
TABLE 044. POWER & ENERGY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. BALLARD POWER SYSTEMS INC.: SNAPSHOT
TABLE 045. BALLARD POWER SYSTEMS INC.: BUSINESS PERFORMANCE
TABLE 046. BALLARD POWER SYSTEMS INC.: PRODUCT PORTFOLIO
TABLE 047. BALLARD POWER SYSTEMS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. FUELCELL ENERGY INC.: SNAPSHOT
TABLE 048. FUELCELL ENERGY INC.: BUSINESS PERFORMANCE
TABLE 049. FUELCELL ENERGY INC.: PRODUCT PORTFOLIO
TABLE 050. FUELCELL ENERGY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. PLUG POWER INC.: SNAPSHOT
TABLE 051. PLUG POWER INC.: BUSINESS PERFORMANCE
TABLE 052. PLUG POWER INC.: PRODUCT PORTFOLIO
TABLE 053. PLUG POWER INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. SERENERGY A/S: SNAPSHOT
TABLE 054. SERENERGY A/S: BUSINESS PERFORMANCE
TABLE 055. SERENERGY A/S: PRODUCT PORTFOLIO
TABLE 056. SERENERGY A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. HYDROGENICS CORPORATION: SNAPSHOT
TABLE 057. HYDROGENICS CORPORATION: BUSINESS PERFORMANCE
TABLE 058. HYDROGENICS CORPORATION: PRODUCT PORTFOLIO
TABLE 059. HYDROGENICS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. SAINERGY TECH: SNAPSHOT
TABLE 060. SAINERGY TECH: BUSINESS PERFORMANCE
TABLE 061. SAINERGY TECH: PRODUCT PORTFOLIO
TABLE 062. SAINERGY TECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. DOOSAN CORPORATION: SNAPSHOT
TABLE 063. DOOSAN CORPORATION: BUSINESS PERFORMANCE
TABLE 064. DOOSAN CORPORATION: PRODUCT PORTFOLIO
TABLE 065. DOOSAN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. TOSHIBA CORPORATION: SNAPSHOT
TABLE 066. TOSHIBA CORPORATION: BUSINESS PERFORMANCE
TABLE 067. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 068. TOSHIBA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. PANASONIC CORPORATION: SNAPSHOT
TABLE 069. PANASONIC CORPORATION: BUSINESS PERFORMANCE
TABLE 070. PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 071. PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. MITSUBISHI HITACHI POWER SYSTEMS LTD.: SNAPSHOT
TABLE 072. MITSUBISHI HITACHI POWER SYSTEMS LTD.: BUSINESS PERFORMANCE
TABLE 073. MITSUBISHI HITACHI POWER SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 074. MITSUBISHI HITACHI POWER SYSTEMS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. FC TECNRGY PVT. LTD.: SNAPSHOT
TABLE 075. FC TECNRGY PVT. LTD.: BUSINESS PERFORMANCE
TABLE 076. FC TECNRGY PVT. LTD.: PRODUCT PORTFOLIO
TABLE 077. FC TECNRGY PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. CERES POWER HOLDINGS PLC: SNAPSHOT
TABLE 078. CERES POWER HOLDINGS PLC: BUSINESS PERFORMANCE
TABLE 079. CERES POWER HOLDINGS PLC: PRODUCT PORTFOLIO
TABLE 080. CERES POWER HOLDINGS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 081. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 082. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 083. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. STATIONARY FUEL CELL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. STATIONARY FUEL CELL MARKET OVERVIEW BY TYPE
FIGURE 012. SOLID OXIDE FUEL CELLS MARKET OVERVIEW (2016-2028)
FIGURE 013. PROTON EXCHANGE MEMBRANE FUEL CELLS MARKET OVERVIEW (2016-2028)
FIGURE 014. PHOSPHORIC ACID FUEL CELLS MARKET OVERVIEW (2016-2028)
FIGURE 015. MOLTEN CARBONATE FUEL CELLS MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. STATIONARY FUEL CELL MARKET OVERVIEW BY APPLICATION
FIGURE 018. PRIME POWER MARKET OVERVIEW (2016-2028)
FIGURE 019. CHP MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHER APPLICATIONS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA STATIONARY FUEL CELL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE STATIONARY FUEL CELL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC STATIONARY FUEL CELL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA STATIONARY FUEL CELL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA STATIONARY FUEL CELL MARKET OVERVIEW BY COUNTRY (2016-2028)