HVAC Breaking News / News

Jan. 29, 2013: More Than 350,000 Stationary Fuel Cells Expected to be Shipped Annually by 2022

January 29, 2013
BOULDER, Colo. — The fuel cell sector is now at a point where, if all government policy related to stationary fuel cells was carried out, the global market potential would surpass three gigawatts (GW) in 2013, and increase to more than 50 GW by 2020, according to a new report from Pike Research, a part of Navigant’s Energy Practice. Thus, the firm forecasts that the number of stationary fuel cells shipped annually will increase from 21,000 in 2012 to more than 350,000 by 2022.

“While a number of companies have exited the fuel cell sector in the last year, government mandates for cleaner and more resilient power production are fueling a sharp increase in market demand,” said research director Kerry-Ann Adamson. “At the same time, a number of new business models are being adopted in order to meet this demand, including energy service companies, independent power producers, and cooperative energy companies. These are making stationary fuel cells a much more standardized option that can be considered as part of the overall energy mix.”

Overall, in terms of addressing market need, 2012 has seen a growing realism entering the stationary fuel cell industry, according to the report. Through late 2011, many fuel cell providers continued to assume that if they created a product, the market would change its requirements and adopt the new system. This unrealistic assessment of the market has subsided, and companies are creating products for markets where real needs exists — using locally available fuels, systems created to be maintained by local engineers and technicians, and systems that do not require very limited operating temperature ranges.

Publication date: 1/28/2013 

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Ed Purvis

Emerson Climate Technologies executive president and business leader Ed Purvis discusses HVACR industry trends, the strength of the industry, and Emerson’s new innovation center. Posted on Dec. 26.

More Podcasts

ACHRNEWS

NEWS 12-22-14 cover

2014 December 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC TECHNICIAN SHORTAGE

In order to bring more people into the trade and produce more technicians, what should the industry do?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con