Global stationary fuel cell market to rise through 2017
Driving that growth will be shipments of fuel cells for the residential market, which the cleantech market intelligence forecasts will more than double in each of the next six years.
The use of stationary fuel cells for mobile base stations for the wireless communications industry is also expected to grow rapidly, reaching 422,000 units by 2017.
Research director Kerry-Ann Adamson said: â€œStationary fuel cells have the potential to slow the rate at which energy demands for the home increase and to increase energy efficiency. Particularly as the role of the home shifts from a family sanctuary to also being the hub of a personal communications network, vendors see great potential for fuel cells to help moderate and manage the energy required to power the myriad applications that 21st century residents desire.â€
According to the research firm, the expansion of stationary fuel cell sector is expected to continue, as applications in combined heat and power (CHP) for both residential and commercial buildings, backup and primary power for mobile base stations, and electricity generators (again for both commercial and residential use) gain increasing traction and generate significant revenue streams.
Early centers of stationary fuel cell adoption include Japan, Germany, and Denmark, particularly for residential CHP applications, while South Korea, the US, and the UK are poised to be fast followers in this key application area.
The research firm claims that market for stationary fuel cells has increased by 60 percent to just over 9,000 units in 2010 alone.
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