Stationary Fuel Cells Market Worth $14.3 Billion in 2020 Says a New Research Reports at ReportsnReports.com
Dallas, TX (PRWEB) February 27, 2014 -- Stationary fuel cell markets at $1.2 billion in 2013 are projected to increase to $14.3 billion in 2020. Growth is anticipated to be based on demand for distributed power generation that uses natural gas. Systems provide clean energy that is good for the environment. Growth is based on global demand and will shift from simple growth to rapid growth measured as a penetration analysis as markets move beyond the early adopter stage. The big box retailers including many, led by Walmart, the data centers, and companies like Verizon are early adopters.
Stationary Fuel Cells ((http://www.reportsnreports.com/reports/275956-stationary-fuel-cells-market-shares-strategies-and-forecasts-worldwide-2014-to-2020.html)) are on the cusp of becoming commercially viable, creating companies that are profitable and produce electricity at or below parity with the grid giving every user alternatives to the grid. Bloom Energy has solved the SOFC engineering challenges. Breakthroughs in materials science, and revolutionary designs give Bloom SOFC technology a cost effective, all-electric solution.
Vendors have solved the SOFC conundrum, developing new materials that make units affordable and provide energy device economies of scale and support for wind and solar renewable energy sources.
Stationary fuel cells represent the base for distributed power generation worldwide. No more new coal plants, no mare extensions to the grid. Distributed power has become mainstream. Distributed generation (DG) refers to power generation at the point of consumption.
Generating power on-site, rather than centrally, eliminates the cost, complexity, interdependencies, and inefficiencies associated with energy transmission and distribution. Distributed energy is evolving in a manner like distributed PC and laptop computing, cars for transportation, and smart phones. As distributed Internet data and telephony have found a place in the market, so also will distributed energy generation become widespread. Distributed power shifts energy generation control to the consumer much to the consternation of the existing utility companies.
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Renewable energy is intermittent and needs stationary fuel cells for renewables to achieve mainstream adoption as a stable power source. Wind and solar power cannot be stored except by using the energy derived from these sources to make hydrogen that can be stored. Stationary fuel cells are likely to function as a battery in the long term, creating a way to use hydrogen that is manufactured from the renewable energy sources. It is likely that the wind and tide energy will be transported as electricity to a location where the hydrogen can be manufactured. It is far easier to transport electricity than to transport hydrogen. Hydrogen servers as an energy storage mechanism.
Stationary fuel cell markets need government sponsorship. As government funding shifts from huge military obligations, sustainable energy policy becomes a compelling investment model for government.
Eventually hydrogen will be used as fuel in the same stationary fuel cell devices. The hydrogen is manufactured from solar farms. Stationary fuel cells have become more feasible as the industry is able to move beyond platinum catalysts.
Analysts forecast the Global Direct Methanol Fuel Cell (DMFC) market (http://www.reportsnreports.com/reports/271274-global-direct-methanol-fuel-cell-dmfc-market-2014-2018.html) to grow at a CAGR of 44.2 percent over the period 2013-2018. One of the key factors contributing to this market growth is the high energy density of DMFC. The Global DMFC market has also been witnessing technological advancement. However, the high cost of materials could pose a challenge to the growth of this market.
The key vendors dominating this market space are Ballard Power System Inc., E.I. du Pont de Nemours and Co., SFC Energy AG, and Toshiba Corp.
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Analysts forecast the Global Solid Oxide Fuel Cells market (http://www.reportsnreports.com/reports/268970-global-solid-oxide-fuel-cell-market-2012-2016.html) 2012-2016 to grow at a CAGR of 7.34 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reduction in CO2 emission. The Global Solid Oxide Fuel Cells market has also been witnessing an increasing number of regulations in the market. However, the difficulty in maintaining a stable high operational temperature could pose a challenge to the growth of this market.
The key vendors dominating this space include Acumentrics, Bloom Energy Server, Fuel Cell Energy Inc., and Mitsubishi Heavy Industries Ltd.
Global Distributed Energy Generation Technologies market (http://www.reportsnreports.com/reports/269363-global-distributed-energy-generation-technologies-market-2012-2016.html) to grow at a CAGR of 20.25 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing occurrence of power blackouts. The Global Distributed Energy Generation Technologies market has also been witnessing the acceleration of distributed energy resources and a rise in power demand. However, the high implementation cost could pose a challenge to the growth of this market.
The key vendors dominating this market space are Ballard Power Systems Inc., First Solar Inc., FuelCell Energy Inc., General Electric Energy LLC, Ingersoll-Rand plc, JA Solar Holdings Co. Ltd., Sharp Corp., Siemens AG.
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