Jan 9 2010
Research and Markets has released a new market report for stationary fuel cells that are used for residential, commercial and industrial applications. The demand for electricity is continuing to increase across the world and renewable distribution energy generation systems will help to reduce the carbon emissions to protect our environment.
Stationary fuel cell, which is part of the renewable distribution energy generation market, is used for many applications in industrial, commercial and residential sectors. Though the stationary fuel cell market is small, it plays an important part in the renewable energy sector.
According to the report from Research and Market, the stationary fuel cell has substantial long-term potential. The technology offers efficient and clean source for renewable energy and is available in sizes ranging from 1 kW to 10 MW. It is also available in larger than 10 MW capacities also. Fuel cells are able to utilize various sources of fuel such as natural gas or established sources of fuel with reformer technology. In addition, biofuels and gases that are produced from industrial processes as by-products can also be used for the fuel cells. Efficiencies improve from 40-50% to 85% when used along with combined heat and power or with cogeneration. The cost for this technology is very high and for the system and the volumes has to improve substantially for it become cost-effective. The volumes for the systems will not improve without the support from government subsidy programs.
In 2008, the estimated size of the fuel cell market was 38 MW and by 2013, it is anticipated to grow to 219 MW, a compounded annual growth rate of 33%. The report provides detailed analysis of the stationary fuel cell market in the broader renewable distributed energy generation market setting. The report covers key drivers for the growth of this market including incentives, government legislation and other factors based on the market. It provides details about the important industry players and other business issues such as cost and technology. The market forecasts provided in this report include fuel cell capacity required for small and large stationary applications and system revenues. It also provides forecast of the installed prices for up to the year 2013 for fuel cell system installations throughout the world.