2010–2014 Global Stationary Fuel Cell Market
Efpef
technavio insights
2010–2014 Global Stationary Fuel Cell Market
CONTENTS
01. Executive Summary ..............................................1
02. Introduction ...........................................................2
03. Market Coverage .................................................3
04. Market Landscape ................................................4
05. Vendor Landscape ...............................................7
06. Buying Criteria .......................................................9
07. Market Growth Drivers ........................................10
08. Drivers and their Impact .....................................12
09. Market Challenges .............................................13
10. Market Trends ......................................................15
11. Key Vendor Analysis ...........................................17
11.1 Fuel Cell Energy Inc. ........................................................... 17
11.2 UTC Power Corp. ................................................................. 19
11.3 Hydrogenics Corp. .............................................................. 21
11.4 POSCO Power Corp............................................................ 23
12. Other Reports in this Series .................................24
2010–2014 Global Stationary Fuel Cell Market
2010–2014 Global Stationary Fuel Cell Market
EXHIBITS
Exhibit 1: Global Stationary Fuel Cell Market 2010–2014
(US$ million)............................................................................4
Exhibit 2: Global Stationary Fuel Cell Market by
Geographical Segmentation 2010 ....................................5
Exhibit 3: Global Stationary Fuel Cell Market by Vendor
Segmentation 2010 ..............................................................8
2010–2014 Global Stationary Fuel Cell Market
Global Stationary Fuel Cell Market 1
01. Executive Summary
2010: US$120 million
Market Size
2014: US$980 million
Growth Rate 69 percent CAGR
EMEA
Key Geographies APAC
The Americas
Utilities
Key Customer
Commercial Customers
Segments
Industrial Customers
Development of Codes and Standards
Need to Reduce Carbon Footprints
Trends
Increasing R&D on Stationary Fuel Cells
Demonstration Projects
Distributed Energy Generation
Abundant Energy Sources and Emerging Applications
Drivers Flexibility in Location
Reduction in CO2 Emissions and Increase in Economic Benefits
Short Payback Period and Fuel Diversity
Government Budget Cuts
Lack of Understanding about the Technology
Challenges
Issues Regarding Durability
Functional Challenges
Flexibility
Reliability
Key Customer Needs
Security
Durability
Fuel Cell Energy Inc.
UTC Power Corp.
Key Vendors
Hydrogenics Corp.
POSCO Power Corp.
2010–2014 Global Stationary Fuel Cell Market
Global Stationary Fuel Cell Market 2
02. Introduction
A stationary fuel cell operates like a battery and generates electricity and heat without any type
of recharging as long as the fuel is supplied to it. Stationary fuel cells are mainly used as a
backup power option and are either connected to a grid or kept as an independent generator
on site. Stationary fuel cells are also used to provide supplement