Latest news with #FuelCellGenerator
Yahoo
18-07-2025
- Business
- Yahoo
Fuel Cell Generator Market on a Strong Growth Path, Projected to Grow at 21.2% CAGR by 2029
"Fuel Cell Generator Market Positioned for Robust Expansion as Demand for Clean Energy Rises—A Strategic Resource for Navigating Emerging Opportunities" BOSTON, July 18, 2025 /PRNewswire/ -- According to the latest study from BCC Research, "Global Fuel Cell Generator Market" is projected to increase from $1.4 billion in 2025 to $3.1 billion by 2029, at a compound annual growth rate (CAGR) of 21.2% from 2024 through 2029. This report offers a detailed review of the global fuel cell generator market, analyzing it by technology, stack size, fuel type, and end-use sectors, excluding transportation. It explores innovations, regulatory developments, and economic trends, along with patent activity that signals strong investment potential. The study includes tools like Porter's Five Forces analysis, an evaluation of macro-economic factors, and a look at the competitive landscape. It also provides regional and country-level analysis across major markets such as North America, Europe, and Asia-Pacific, and concludes with profiles of industry leaders. This report is particularly relevant now as the world shifts toward clean energy, driven by climate goals and government support. It highlights current market trends in fuel cell generators and identifies key opportunities to support emission reduction efforts. With regional insights and a five-year forecast, it helps industry stakeholders make informed strategic decisions in a rapidly evolving energy landscape. The factors driving the market's growth include: Increasing Demand for Uninterrupted Power Supply: Businesses and critical services like hospitals and data centers need uninterrupted power. Fuel cell generators provide a steady and dependable power source, especially during grid outages, making them a smart choice for backup or even main power. Growing Awareness for Reducing Carbon Emissions: As the world increases its focus on climate change, there is growing pressure to reduce pollution. Fuel cell generators, especially those using hydrogen, produce little to no emissions, making them a cleaner alternative to traditional diesel or gas generators. Rising Demand from the Maritime Industry: The shipping industry is under pressure to reduce its environmental impact. Fuel cell generators offer a low-emission solution for powering ships, helping companies meet new regulations and move toward greener operations. Request a sample copy of the global market for fuel cell generator report. Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $998.2 million Market size forecast $3.1 billion Growth rate CAGR of 21.2% for the forecast period of 2024-2029 Segments covered Technology, Stack Size, Fuel Type, End-Use Industry Regions covered North America, Europe, Asia-Pacific, Rest of the World (South America, and the Middle East and Africa) Countries covered U.S., Canada, U.K., France, Germany, Italy, Netherlands, Poland, Norway, China, Japan, South Korea, Australia, India, the Philippines, Saudi Arabia, UAE, Turkey, Brazil, Chile, Argentina Market drivers • Increasing Demand for Uninterrupted Power Supply • Growing Awareness of Reducing Carbon Emissions • Rising Demand from the Maritime Industry Interesting facts: Ammonia's Green Energy Potential: The International Energy Agency reports that by 2030, approximately 8 million tonnes of near-zero-emission ammonia production capacity is expected to be operational. This marks a significant step forward in positioning ammonia as a viable and sustainable alternative in the global shift toward green energy. Fuel Cell Growth in North America: North America is leading the charge in the fuel cell generator market. The North American market is projected to grow at a CAGR of 23.7% through 2029. This surge is largely driven by the rapid development of hydrogen infrastructure for power generation, particularly in the U.S. Hydrogen Investment Boom: According to Hydrogen Insights 2024, clean hydrogen supply projects have seen a dramatic rise in investment, jumping from 60% of total hydrogen-related investments in 2020 to 75% in 2024. This highlights the accelerating momentum behind hydrogen as a cornerstone of the clean energy transition. Emerging startups EODev: A French startup company that released its own version of a hydrogen fuel cell generator. The company has launched a new hydrogen power generator that it claims to be suitable for isolated sites, emergency applications, protected areas, sensitive environments, events, and construction sites. Amogy: A provider of efficient ammonia-to-power solutions, Amogy introduced the world's first ammonia-powered maritime vessel in September 2024. In February 2025, the company announced the expansion of its operations into South Korea. Enapter S.r.l.: The company produces highly efficient hydrogen generators based on anion exchange membrane (AEM) electrolysis technology. This technology allows for the mass production of low-cost, plug-and-play electrolyzers for green hydrogen at any scale. The report addresses the following questions: What is the projected size and growth rate of the market?- The market is projected to reach $3.1 billion by the end of 2029, and at a CAGR of 21.2% during the forecast period. Which factors are driving the growth of the market?- The key factors driving the growth of the market are:- Increasing demand for uninterrupted power supply.- Growing awareness for reducing carbon emissions.- Rising demand from the maritime industry. What market segments are covered in the report?- Technology.- Stack size.- Fuel type.- End-use industry. Which fuel type will be dominant through 2029?- The hydrogen segment will dominate the market through 2029. Which region has the largest market share?- The Asia-Pacific region holds the largest share of the global market. Market leaders include: ABB AFC ENERGY BALLARD POWER SYSTEMS BLOOM ENERGY CUMMINS INC. DOOSAN FUEL CELL CO. LTD. FUELCELL ENERGY INC. FUJI ELECTRIC CO. LTD. H2SYS H2X GLOBAL LTD. NEDSTACK FUEL CELL TECHNOLOGY PANASONIC HOLDINGS CORP. PLUG POWER INC. POWERCELL SWEDEN AB SIEMENS ENERGY TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORP. Related reports: Hydrogen Fuel Cells: Global Markets: This report provides a detailed analysis of the global hydrogen fuel cell market, segmented by product type, technology, application, and region. It focuses on fuel cells used in stationary, portable, and mobile applications, such as CHP systems, power supply units, auxiliary power units, and vehicle propulsion. Electrolyzers are outside the scope of the report. The report sizes the market in value (millions of dollars) and volume (gigawatts), and provides insights into competitive market share, emerging technologies, and industry developments. Electric Vehicles and Fuel Cell Vehicles: Global Markets: This report offers a comprehensive analysis of the global EV and FCEV market, focusing on segments like propulsion type, vehicle type, and power source. It explores market dynamics, industry trends, regulatory developments, technological advances and patent activity. The study excludes industrial and low-speed EVs. It uses global volume data from the IEA. It also covers the impact of the Russia-Ukraine war, and offers profiles of leading manufacturers. Coverage spans North America, Europe, Asia-Pacific, and the Rest of the World, with market values presented in nominal billions of dollars. Purchase a copy of the report direct from BCC Research. For further information on any of these reports or to make a purchase, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo - View original content to download multimedia: SOURCE BCC Research LLC
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Fuel Cell Generator Market worth $1.80 billion by 2030
The global Fuel Cell Generator Market is expected to grow from estimated USD 0.63 billion in 2025 to USD 1.80 billion by 2030, at a CAGR of 23.3% during the forecast period. The global Fuel Cell Generator Market is projected to grow from estimated USD 0.63 billion in 2025 to USD 1.80 billion by 2030, at a CAGR of 23.3% during the forecast period. The Fuel Cell Generator Market is gaining momentum due to increasing demand for silent, vibration-free, and low-maintenance power systems in noise-sensitive environments such as hospitals, research facilities, and residential complexes. The growing interest in hybrid renewable systems that integrate solar, wind, and fuel cells for uninterrupted power supply is also driving adoption. Fuel cell generators' ability to operate efficiently in extreme weather conditions makes them ideal for defense and remote-area applications. The rising focus on energy decentralization, carbon credit incentives, and the commercialization of compact, portable fuel cell systems is further expanding their market potential. Download PDF Brochure: The ammonia fuel type segment is projected to grow at the highest CAGR during the forecast period. By fuel type segment, ammonia is forecasted to grow at the highest CAGR during the forecast period as ammonia has a high hydrogen content, is easier to store and transport than hydrogen, and is gaining traction as a carbon-free energy carrier. Ammonia can also be liquefied at moderate pressures as opposed to hydrogen, which requires expensive cryogenic temperatures to be stored as a liquid. This makes ammonia more attractive in terms of infrastructure development. Additional research and pilot projects on direct fuel cells and cracking will lead to more commercial feasibility of ammonia in power generation. Large-scale (above 200 kW) generators are projected to grow at a higher CAGR during the forecast period. Among the size segments, large scale (greater than 200 kW) is expected to grow at the highest CAGR during the forecast period. The larger-scale systems can replace fossil-fuel generators, despite higher capital cost, to meet the demand for high-capacity, low-emission power solutions for industrial, commercial, and utility-scale applications. These systems are increasingly used to power data centers, manufacturing facilities, and microgrids requiring continuous, reliable energy. The ability of the large-scale fuel cell generators to be grid-connected or operate in an off-grid state makes them perfect for backup and peak load management. Europe is estimated to be the fastest-growing region in the Fuel Cell Generator Market. Europe is projected to be the fastest-growing region in the Fuel Cell Generator Market, driven by strong climate policies, ambitious net-zero targets, and extensive funding for hydrogen and fuel cell technologies under initiatives like the European Green Deal. Countries such as Germany, France, and the Netherlands are actively investing in clean backup power and hydrogen infrastructure. The region's focus on reducing dependence on fossil fuels and enhancing energy security accelerates fuel cell adoption across sectors. Additionally, growing demand for sustainable energy in urban and off-grid applications supports the rapid growth of this market in Europe. Request Sample Pages: Key Market Players Some of the major players in the Fuel Cell Generator Market are Bloom Energy (US), PowerCell Sweden AB (Sweden), Nedstack Fuel Cell Technology (Netherlands), Ballard Power Systems (US), Plug Power Inc. (US), ABB (Switzerland), Siemens Energy (Germany), Cummins Inc. (US), AFC Energy (UK), Toshiba Energy Systems & Solutions Corporation (Japan), and Proton Motor Fuel Cell GmbH (Germany). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions. Bloom Energy Bloom Energy is one of the leading manufacturers of fuel cell systems. It also offers electrolyzers, carbon capture technologies, and other renewable energy-related services. Bloom Energy operates through four business segments: Product, Installation, Service, and Electricity. It provides fuel cell generators through its Product business segment. The company manufactures and sells fuel cells under the brand name Energy Servers, the most advanced thermal electric generation technology in the market. Bloom Energy operates in North America and the Asia Pacific. Its principal manufacturing facilities are located in Newark, Delaware (US), and Sunnyvale, California (US), along with R&D facilities in Fremont, California (US) and Sunnyvale, California (US). The company also has manufacturing units in India, the Republic of Korea, China, Taiwan, and the UAE. Some major customers of the company include AT&T (US), Caltech (US), Delmarva Power & Light Company (US), Equinix (US), The Home Depot (US), Kaiser Permanente (US), and The Wonderful Company (US). The company also has manufacturing spaces in India, South Korea, China, Taiwan, and the UAE. The company has a geographic presence in North America and other countries. PowerCell Sweden AB PowerCell Sweden AB is a market player in hydrogen and electric technologies. It spun out from the Volvo Group and offers products and engineering services. PowerCell Sweden AB provides fuel cells through its product brand PowerCellution. The company develops and produces fuel cell stacks and systems with a uniquely high-power density for stationary, marine, off-, and on-road segment applications. PowerCell Sweden AB products run on pure or reformed hydrogen to generate electricity and heat without emissions. The company has developed strategic partnerships and collaborations with various organizations to advance fuel cell technology and its application in different industries. PowerCell Sweden was involved in research and development projects to improve fuel cell performance, durability, and cost-effectiveness. Get access to the latest updates on Fuel Cell Generator Companies and Fuel Cell Generator Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. 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