· Stationary Fuel Cell Market to record a stellar CAGR of nearly 12% from 2019 to 2027
· Growing demand for environment friendly options to drive market forward
· Asia Pacific to account for a major share in the stationary fuel cell market landscape
ALBANY, New York, March 19, 2020 /PRNewswire/ -- The global stationary fuel cell market is set to see an increase in its market worth. Over the forecast period of 2019 to 2027, the valuation would reach approximately USD 8.5 bn. It is worth mentioning here that the market valuation in 2018 stood at approximately USD 3 bn.
Transparency Market Research States, "Growing need to move beyond conventional energy generation products will boost the demand trajectory of stationary fuel cells, which can reduce fuel consumption by 50% when compared with the former. From 2019 to 2027, the market is set to witness a compound annual growth rate of ~12%".
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Key Findings of Global Stationary Fuel Cell Market Study:
For a detailed analysis of Stationary Fuel Cell Market by type, stacking, and end user, visit: https://www.transparencymarketresearch.com/stationary-fuel-cell-system-market.html
Key Drivers of Growth of Global Stationary Fuel Cell Market
Clean energy is the need of the hour and as businesses and governments across the globe take note, investments pour in massively, states Transparency Market Research. This helps the global stationary fuel cell market to grow at a notable pace over the forecast period. A synopsis of market's growth drivers and an overview of trends, sustaining buoyancy are:
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Key Impediment of Growth in Global Stationary Fuel Cell Market
Despite positive growth projections, factors such as high costs of manufacturing stationary fuel cells are set to mar growth in the market to certain extent. Besides, switching from one cell type to another and associated infrastructure requirement is expensive.
Regional Analysis of Global Stationary Fuel Cell Market
Analyze stationary fuel cell market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Stationary Fuel Cell Market
Global Stationary Fuel Cell: Segmentation
Stationary Fuel Cell Market by Type
Stationary Fuel Cell Market by Stacking
Stationary Fuel Cell Market by End User
Stationary Fuel Cell Market by Region
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