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European Stationary Fuel Cells Markets
Frost & Sullivan, Dec 2010, Pages: 135
This research report reviews the present scenario of the stationary fuel cells market in Europe, as well forecast commercialisation, future revenues, installed capacity and unit sales of the stationary fuel cell systems. It identifies key market drivers, market restraints as well as challenges facing the industry, evaluates and translates them into opportunities. This research service forecasts the development of the European stationary fuel cells market for the period 2008 to 2018. The focus is on technologies and products used for co-generation and back-up power generation, which are stationary in nature. It excludes micro fuel cells and fuel cells used in automotive industry and other portable applications.
This research service titled European Stationary Fuel Cells Markets analyses and evaluates the current market landscape. It discusses the progress made and also the various drivers and restraints influencing the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: solid oxide fuel cells (SOFC), proton exchange membrane fuel cells (PEMFC), molten carbonate fuel cells (MCFC) and other fuel cells – alkaline fuel cells (AFC) and phosphoric acid fuel cells (PAFC). Combined heat and power (CHP) and power-only applications are the end-user applications covered in this research.
Market Overview
PEMFCs to Lead Charge of Stationary Fuel Cells
Stationary fuel cells are poised to be commercialised in Europe in 2010, with proton exchange membrane fuel cells (PEMFCs) leading from the front. The industry is looking to support growth by ensuring a smooth transition from conventional technologies to fuel cells, thereby opening up new market opportunities.
Fuel cells have been under constant scrutiny related to their efficiency and reliability. PEMFCs are projected to take a major chunk of the back-up power and CHP market. “The future of fuel cells will be in PEMFC technology,” notes the analyst of this research. “Their high electrical efficiency and low operating temperature makes it ideal for use in an array of applications.”
Focus to be on Identifying Key Markets and Ensuring Robustness and Efficiency of Installed Systems
Penetration levels will vary depending on government legislation. They will also vary across different countries, accordingly making it harder for manufacturers to conduct business. “Competition in this market is expected to intensify post 2012,” remarks the analyst. “SOFC technology is poised to heighten competition as it is touted as the ideal replacement for PEMFC as it operates at different outputs and for diverse applications.”
The prime catalyst behind the popularity of fuel cells is their suitability across a wide array of applications. Currently, a range of products is being developed principally for back-up power and CHP applications. Back-up power applications are anticipated to lead the stationary fuel cell market. Growth for this application will, however, be subject to technological progress. Such advances will be aimed at reducing the costs of fuel cell systems and reaching a competitive level against traditional solutions. “Fuel cell systems have moved from the validation to the pre-commercialisation phase,” concludes the analyst. “The focus has now shifted towards identifying key markets and ensuring that the installed systems exhibit desired results vis-à-vis robustness and efficiency.”
Market Sectors
Expert analysts thoroughly examine the following end user applications in this research:
- CHP applications
- Power-only applications
By Technology:
- Solid oxide fuel cells (SOFC)
- Proton exchange membrane fuel cells (PEMFC)
- Molten carbonate fuel cells (MCFC)
- Other fuel cells—alkaline fuel cells (AFC) and phosphoric acid fuel cells (PAFC)
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