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Indian Stationary Fuel Cell Market: Greener Pastures for Green Energy
Frost & Sullivan, Aug 2011, Pages: 65
This Frost & Sullivan research service titled Indian Stationary Fuel Cell Market provides an in-depth analysis of the market drivers, restraints, and industry trends, in addition to the challenges faced by market participants. In this study, Frost & Sullivan’s expert analysts thoroughly examine the following segments: distributed power generation, portable back-up power, and combined heat and power.
Government Initiatives to Boost Energy Efficiency Augment Market Prospects
Amid rising concerns over carbon emissions and environmental degradation, the uptake of alternative sources of energy that assure efficient and clean power is providing strong traction for the Indian stationary fuel cell market. The drive to reduce carbon dioxide emissions has triggered the gravitation toward greener energy sources, such as fuel cells, wind turbines, and solar panels. With the initiatives undertaken by the Indian Government, fuel cells are expected to be largely commercialized in the coming years for various stationary applications. Various programs for the development of fuel cell technology have been launched, with the participation of industry, research, and academic institutions. The telecommunication industry is expected to be the major end user of the stationary fuel cell market in India, among all the other end-user segments. “Stationary fuel cells have multi-pronged benefits that include low maintenance, longer life, and eco-friendly characteristics,” notes the analyst of this research service. “This has resulted in the creation of a huge market for stationary fuel cells globally; however, the stationary fuel cell market in India is still at a nascent stage.”
Although prolific research is being conducted, there is a lack of adequate expertise required for manufacturing fuel cells in the country. Lack of awareness among the potential end users is a major barrier that is impacting market growth significantly. In India, research activities on fuel cells are mainly conducted in research and academic institutes and the majority of these activities rely heavily on government support. Most of the fuel cell technologies use precious metals, for instance, platinum, as their catalysts. The usage of expensive metals and the lack of economies of scale hike up the initial cost of fuel cell systems. “In order to be competitive, fuel cell technology developers need to search for effective but less expensive options,” opines the analyst. “A huge operational and technological leap is still needed to ensure a significant reduction in cost of the fuel cells in the country.” Product and process innovation in various fuel cell technologies is the need of the hour and government funding should be freely available to Industries interested in participating in the development program. Subsidies in the form of tax exemptions should be given to provide a leg up for research and development activities.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Distributed power generation
- Portable back-up power
- Combined heat and power
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