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The report offers actionable and valuable market insights of Stationary Fuel Cell Systems. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Stationary Fuel Cell Systems Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Stationary Fuel Cell Systems market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Stationary Fuel Cell Systems
This newly published and insightful report sheds light on Market Insights of Stationary Fuel Cell Systems, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Stationary Fuel Cell Systems Market.
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The report provides comprehensive information about demand and sales of stationary fuel cell systems based on power range of stationary fuel cell systems, by technology, its applications, and geographical regions.
This segmentation of information about growth of the stationary fuel cell systems market can enable readers to fathom the minute information about market dynamics.
Based on the power range of stationary fuel cell systems, the stationary fuel cell systems market is segmented into 250kW-1mW, 5kW-250kW, less than 1Kw, and more than 1mW.
Based on the technology used to manufacture stationary fuel cell systems, the stationary fuel cell systems market is segmented into Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC), Phosphoric Acid Fuel Cell (PAFC), and Molten Carbonate Fuel Cell (MCFC).
Depending on the applications of stationary fuel cell systems, the stationary fuel cell systems market is segmented into Combined Heat and Power (CHP), Prime Power, and Uninterrupted Power Supply (UPS).
Based on the geographical regions, the stationary fuel cell systems market is segmented into North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).
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The stationary fuel cell systems market will record a hefty 17.9% y-o-y over 2018 to reach over US$ 2,159 million by the end of 2019, reveals a recent market study published by Fact.MR. The study offers a holistic assessment on various market dynamics and macro and micro-economic factors that are influencing adoption of stationary fuel cell systems in various industrial verticals.
Combined heat and power (CHP) or cogeneration is one of the most common applications of stationary fuel cell systems, which accounted for the largest revenue share of over 45% in 2018, according to the Fact.MR study.
“CHP is one of the most commonly used stationary power generation systems installed to generate electricity as well as heat. In the modern days, fuel cells are widely used in the manufacturing of CHP, which acts of the leading driving force for the growth of the stationary fuel cell systems market,” said a lead analyst at Fact.MR.
“When stationary fuel cell systems are incorporated in CHP, it offers extraordinary benefits in terms of efficiency, sustainability, reliability, and cost-efficiency. As compared to conventional power generation methods, which commonly involve combustion engines, CHP is considered environment-friendly and highly efficient, which is boosting adoption of stationary fuel cell systems among CHP manufacturers across the world.”
Apart from the efficiency- and sustainability-related benefits of incorporating stationary fuel cell systems in CHP, subsidies and incentives offered by governing bodies in various regions is providing a fillip to the global demand for stationary fuel cell systems in the CHP industrial sector. For example, the U.S. Environmental Protection Agency (EPA) removed policy barriers for CHP projects in the region, and it is establishing partnerships with CHP stakeholders to provide them with necessary resources, tools, and policy information.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Stationary Fuel Cell Systems, Sales and Demand of Stationary Fuel Cell Systems, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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