Europe, On Site Power, On Site Renewables

F&S forecasts accelerated growth for stationary fuel cells in Europe

16 April – Innovative developments in the European stationary fuel cell market are shaping an optimistic future for the industry, and there is a growing interest in many European countries to adopt this ‘zero-emission technology across various applications. Boosted by this need of sustainable solutions, the fuel cell market is transitioning from validation to the pre-commercialization stage.
So says research from Frost & Sullivan (F&S), which adds that the transitioning process is expected to generate maximum revenues at accelerated growth rates in the coming years. Specifically, Germany, the UK, France, and Italy have been identified as the opportunity hot spots for the emerging stationary fuel cell technologies.
The three types of stationary fuel cells expected to be at the forefront of driving growth in the industry are proton exchange membrane fuel cells (PEMFCs), molten carbonate fuel cells (MCFCs), and solid oxide fuel cells (SOFCs), says F&S.
PEMFC technology is preferred by the automotive industry, as well as stationary power generators because it operates at relatively low temperatures. Its forecasted revenues are estimated to be around $180 million by 2018.
The key identified geographical markets for PEMFCs are Germany, the UK, and the Netherlands.
In the total European stationary fuel cells market, MCFCs are one of the already commercially available fuel cell technologies, and manufacturers are focusing on more advanced technological improvements that are necessary to equip the fuel cell systems with increased robustness.
With current revenues of $6.5 million, this technology is projected to have potential revenues of $83 million by 2018. Its key geographical markets are Germany and the UK.
The third type of stationary fuel cells, SOFCs, shows the potential to be one of the key power generation technologies in the future owing to their high electrical efficiency.
They can run on many fuels, including hydrogen, methane, carbon monoxide, and biogas. SOFCs are estimated to have potential revenues of $3.8 million by 2018. The technology’s key geographical markets are Germany, the UK, and Italy.
The regional hot spots for European stationary fuel cells offer influential opportunities for growth, says F&S.
With more than 350 companies and institutes, the German fuel cells industry is the largest one in Europe. By 2015, Germany will account for more than one-third of the total European demand for fuel cells.
The UK is the second largest European market for stationary fuel cells, followed by France and Italy.