According to a new report from Pike Research, a part of Navigant’s Energy Practice, the number of stationary fuel cells shipped annually will increase from 21,000 in 2012 to more than 350,000 by 2022.

 “Government mandates for cleaner and more resilient power production are fueling a sharp increase in market demand,” says 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.”

 The uninterruptible power supply (UPS) application segment is marked by collaboration, limited market expansion, and new fuel options. In the combined heat and power (CHP) segment, the key development has been a comprehensive, and painful, restructuring, while for prime power it has been the demand for systems with islanding capability. Pike Research estimates that these trends, along with external factors such as concern about power grid stability in the wake of natural disasters, will drive a significant uptick in the rate of fuel cell adoption that could reach 4.5 gigawatts (GW) by 2017. (Source: http://www.pikeresearch.com/research/stationary-fuel-cells)

Stationary Fuel cells: significant growth expectations for the global market