Stationary Fuel Cells Market to Reach $16.2 Billion by 2025
Fuel cells are becoming commercially established thanks to subsidies, policy, and corporate investment
BOULDER, Colo. — A new report examining stationary fuels cells for micro-combined heat and power (MCHP), prime power, large combined heat and power (CHP), and uninterruptible power supply (UPS) applications is available from Navigant Research.
The market for stationary fuel cells is transitioning toward maturity and wider adoption, buoyed by improving economics, government support, and growing demand for resilient, dispatchable power, notes the research firm. In addition, technology breakthroughs are giving way to persistent cost declines, product improvements, and business model innovations, making fuel cells viable in a growing range of markets and opening new opportunities for stakeholders that are prepared for the transition. According to the new report from Navigant Research, the global market for new stationary fuel cells is expected to reach $16.2 billion by 2025.