North America Prime Power Stationary Fuel Cell Market Size - By Capacity (< 10 kW, > 10 kW – 50 kW, > 50 kW – 100 kW, > 100 kW), By Application (Residential, Commercial, Industry/Utility), 2023 – 2032

North America Prime Power Stationary Fuel Cell Market Size

North America Prime Power Stationary Fuel Cell Market was valued at more than USD 87 million in 2022 and is poised to witness over 7.4% from 2023 to 2032. Growing demand for small and large capacity fuel cell systems in line with surging investments from the private & public sectors focusing on developing the hydrogen infrastructure will favor the business outlook.
 

Rising investments in building the hydrogen infrastructure along with ongoing efforts by governments to reduce carbon emissions will drive the market growth. For instance, in August 2022, Inflation Reduction Act (IRA) 2022, passed & signed into law by the U.S. government, is likely a momentous acceleration of hydrogen & fuel cell adoption.
 

COVID- 19 Impact

The COVID- 19 impacted the economic development in various regions, thus influencing the deployment of hydrogen fuel cells. Lockdown enforcements and curfews have suspended numerous production processes, leading to an increase in fuel prices. However, shifting customer awareness towards reducing GHG emissions and improving air quality will boost product demand.
 

North America Prime Power Stationary Fuel Cell Market Trends

Gaining utilization across applications requiring continuous and reliable power along with preferrable choice for distributed power generation will foster the product deployment. Increasing investments for electrification in remote areas coupled with favorable regulations & norms will augment the business growth. Moreover, capability of these systems to deal with grid stabilization and uninterruptible power supply will enhance the industry potential.
 

North America Prime Power Stationary Fuel Cell Market Analysis

Based on capacity, the < 10 kW prime power stationary fuel cell market will surpass USD 79 million by 2032, on account of the various benefits including compact design, high resilience, as well as less fuel consumption among others in conjunction with new product developments encouraging power generation. Additionally, growing consumer concerns toward using clean energy to reduce carbon emissions along with developing market for electricity systems, including back-up power systems will propel the industry landscape.
 

The industry/utility prime power stationary fuel cell market is anticipated to register at a 7% growth rate up to 2032. Introduction of hydrogen roadmaps and standards in line with huge installation of the systems generating both heat and electricity is set to influence the adoption of large-scale stationary systems primarily across the utility sector. Moreover, increasing operation of regulatory norms & mandates combined with surging demand for large multi-megawatt units to provide electricity in off-grid areas will significantly strengthen the industry outlook.
 

U.S. prime power stationary fuel cell market was recorded USD 380 million in 2022 owing to ability of these fuel cells to enhance energy security by offering a dependable source of electricity coupled with focus on reducing greenhouse gas emissions and mitigating climate change. Furthermore, ongoing decentralized energy generation offering solution for on-site power production in line with expansion of hydrogen infrastructure, including hydrogen production, storage, and distribution will accelerate the business potential.
 

North America Prime Power Stationary Fuel Cell Market Share

Eminent players operating in the North America prime power stationary fuel cell industry are:

• Cummins Inc.
• Ballard Power Systems
• PLUG POWER INC.
• NUVERA FUEL CELLS, LLC.
• Bloom Energy
• SFC Energy AG
• Aris Renewable Energy
• GenCell Ltd.
• Fuel Cell Energy, Inc.
• Fuji Electric Co., Ltd.

North America Prime Power Stationary Fuel Cell Industry News

• In January 2022, Ballard Power Systems received an order for 31 units of fuel cell modules. The order was placed by a leading global electric power, construction & off-road equipment manufacturer in Vancouver, Canada for the testing & deployment of the fuel cell modules in end-use applications. This move ensured market sustainability by decarbonizing stationary power applications and mining equipment.
   
• In September 2021, GenCell Energy launched GenCell BOX, a backup power solution for long durations. It is an emission-free resilient product with compact design, offering high efficiency and ultra-reliable alkaline fuel cell technology to fulfill the backup electricity necessities of telecom as well as critical communication operations.
   

This North America prime power stationary fuel cell market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MW & USD Million’ from 2023 to 2032 for the following segments:

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By Capacity

• < 10 kW
• > 10 kW – 50 kW
• > 50 kW – 100 kW
• > 100 kW

By End-Use

• Residential
• Commercial
• Industry/Utility

The above information has been provided for the following countries:

• U.S.
• Canada