Stationary fuel cells poised for major growth

Stationary fuel cells poised for major growth

January 16, 2013 0 By Stephen Vagus

Stationary Fuel Cells Growth

Stationary fuel cells expected to excel, according to Pike Research

Pike Research, a leading market research firm, has released a new report concerning stationary fuel cells. Stationary fuel cells are often used for industrial purposes, but have begun gaining traction as residential energy systems. These fuel cells are typically capable of producing larger quantities of electrical power than other models because they do not need to be designed to be mobile. Their stationary design allows developers to make these fuel cells as powerful as possible without having to deal with the problems and limitations presented by mobility.

Fuel cell continue to grow in popularity

Stationary fuel cells are becoming more popular as companies, governments, and other parties grow more interested in alternative energy. Replacing fossil-fuels with cleaner forms of power threatens to create a significant energy gap in terms of supply and demand. Stationary fuel cells may be able to fill this void. According to the Pike Research report, the popularity surrounding stationary fuel cells will only continue to rise in the foreseeable future.

Report predicts growth of stationary fuel cells

The report suggests that more than 350,000 stationary fuel cells will be shipped annually around the world by 2022. The report indicates that, if government support for fuel cells remains at its current level, the global market potential for fuel cells would surpass 3 gigawatts by the end of 2013. By the end of 2020, this potential would increase to 50 gigawatts. The report suggests that stationary fuel cells and the fuel cell industry will continue to see support despite some of the challenges that the  sector has yet to overcome.

Fuel cell industry recovering from problematic 2012

Pike Research notes that the fuel cell industry had experienced a somewhat problematic year throughout 2012. Several fuel cell companies were forced to shut their doors due to lackluster business results. Very few companies managed to find success during 2012 by focusing on sectors that had received little attention in the past, such as materials handling. None of these companies, however, have managed to become profitable, but this may change in the coming years.