Eminent players operating in the Asia Pacific stationary fuel cell industry are:
Cummins Inc.
Ballard Power Systems
Plug Power Inc.
NUVERA FUEL CELLS, LLC
Bloom Energy
Doosan Fuel Cell Co., Ltd.
Siemens Energy
Fuji Electric Co., Ltd.
FuelCell Energy, Inc.
Toshiba Corporation
SFC Energy AG
poscoenergy
Authors:
Ankit Gupta, Srishti Agarwal
Frequently Asked Questions (FAQ) :
The Asia Pacific market for stationary fuel cell was crossed 1.1 billion in 2022 and is estimated to reach USD 4.7 billion by 2032, due to rising adoption primarily in residential, commercial, and industrial applications to convert hydrogen-rich fuel into in electricity and heat.
APAC stationary fuel cell market from the commercial application segment is anticipated to witness over 15.5% growth rate up to 2032, due to the increasing concerns about environmental issues and air quality in the region.
South Korea stationary fuel cell market size is slated to observe more than 15.5% CAGR from 2023 to 2032, owing to significant investments in the development of hydrogen infrastructure.
Cummins Inc., Ballard Power Systems, Plug Power Inc., Bloom Energy, Doosan Fuel Cell Co., Ltd., Siemens Energy, Fuji Electric Co., Ltd., and Toshiba Corporation are some of the leading stationary fuel cell firms in APAC.