1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- Ballard Power Systems
- Bloom Energy
- Doosan
- FuelCell Energy
- PLUG POWER
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
The global power generation capacity has been increasing rapidly over the years; it is still not at par with the surging demand, thereby resulting in power outrages worldwide. The transmission and distribution (T&D) loss of the power plants is another factor leading to power outrages. Therefore, off-grid energy storage technologies have gained significant momentum in recent years as they help decrease the dependency on the main grid and reduce the T&D losses. Fuel-cell powered off-grid systems are experiencing high adoption and are finding applications in various industries. The adoption of fuel cells will drive the market to register a CAGR of close to 28% during the forecast period.
Market Overview
Growing demand for efficient and cleaner technologies
The adoption of cleaner and efficient power sources in increasing to mitigate climate changes amidst the growing environmental concerns. Fuel cells have emerged as an efficient and reliable alternate technology for electricity generation heating and other prime applications.
High cost of fuel cells
Despite increasing adoption of fuel cells the cost still remains the primary factor affecting the acceptance of the technology, a both fuel cell system and its fuel are expensive when compared with the alternative technologies such as gas generators and lithium-ion batteries.
For the detailed list of factors that will drive and challenge the growth of the global fuel cell market for prime power during the 2019-2023, view this report.
Competitive Landscape
The fuel cells market for prime power is fragmented due to presence of many companies in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Market Overview
Growing demand for efficient and cleaner technologies
The adoption of cleaner and efficient power sources in increasing to mitigate climate changes amidst the growing environmental concerns. Fuel cells have emerged as an efficient and reliable alternate technology for electricity generation heating and other prime applications.
High cost of fuel cells
Despite increasing adoption of fuel cells the cost still remains the primary factor affecting the acceptance of the technology, a both fuel cell system and its fuel are expensive when compared with the alternative technologies such as gas generators and lithium-ion batteries.
For the detailed list of factors that will drive and challenge the growth of the global fuel cell market for prime power during the 2019-2023, view this report.
Competitive Landscape
The fuel cells market for prime power is fragmented due to presence of many companies in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Ballard Power Systems
- Bloom Energy
- Doosan
- FuelCell Energy
- PLUG POWER
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPE
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Ballard Power Systems
- Bloom Energy
- Doosan
- FuelCell Energy
- PLUG POWER
Global Fuel Cell Market for Prime Power 2019-2023
The analyst recognizes the following companies as the key players in the global fuel cell market for prime power: Ballard Power Systems, Bloom Energy, Doosan, FuelCell Energy, PLUG POWER.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the trasitioning to decentralized power is expected to have a positive impact on the global fuel cell market for prime power during our forecast period.”
According to the report, one of the major drivers for this market is the rising energy consumption will play a major role in the growth of the global fuel call market for prime power.
Further, the report states that one of the major factors hindering the growth of this market is the low upfront cost and low cost of gas generators the growth of fuel cells will be affected negatively during our forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst recognizes the following companies as the key players in the global fuel cell market for prime power: Ballard Power Systems, Bloom Energy, Doosan, FuelCell Energy, PLUG POWER.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the trasitioning to decentralized power is expected to have a positive impact on the global fuel cell market for prime power during our forecast period.”
According to the report, one of the major drivers for this market is the rising energy consumption will play a major role in the growth of the global fuel call market for prime power.
Further, the report states that one of the major factors hindering the growth of this market is the low upfront cost and low cost of gas generators the growth of fuel cells will be affected negatively during our forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Ballard Power Systems
- Bloom Energy
- Doosan
- FuelCell Energy
- PLUG POWER
Note: Product cover images may vary from those shown
