|By Business Wire||
|June 23, 2014 08:15 AM EDT||
Although some sectors of the fuel cell industry, such as portable fuel cells, continue to struggle, stationary fuel cells have seen 2 years of strong growth, with an ongoing boom in prime power and residential combined heat and power (resCHP) fuel cell system shipments. Click to tweet: According to a new white paper from Navigant Research, while the broader fuel cell industry continues to struggle, the stationary sector will continue to expand rapidly in the coming years.
The white paper, which details ten key trends for the fuel cell market in 2013, is available for free download on Navigant Research’s website.
“The stationary fuel cell sector represented more than 70 percent of global fuel cell revenue at the end of 2013, and there are already large new orders on the books for 2014,” says Lisa Jerram, senior research analyst with Navigant Research. “Along with renewed attention to fuel cell vehicles, these developments are causing usually cautious investors to take a new look at the fuel sector.”
Combined heat and power (CHP) configurations have seen the most unit deployments in this nascent market, according to the report, while electric-only prime power applications have more capacity deployed. These trends reflect competing views about which of these markets will ultimately be the most attractive for fuel cells.
The ten key trends for 2013, according to the white paper, are:
- Fuel cells are back on the radar of the U.S. media
- The stationary sector continues to lead the fuel cell industry
- Investors are cautiously coming off the fence on fuel cells
- Fuel cell vehicles (FCVs) continue to be compared to plug-in electric vehicles (PEVs)
- Hydrogen infrastructure stakeholders must prove they can build stations
- CHP is on a path to surpass prime power stationary fuel cells
- Fuel cells face stiff competition from engine- or turbine-based CHP
- The booming North American microgrid market offers opportunity for fuel cells
- The power-to-gas concept will be proven in Europe
- Portable fuel cells are still struggling to hit the right value proposition
The white paper, “The Fuel Cell and Hydrogen Industries: 10 Trends to Watch”, presents the ten most notable and important trends for the next 12 months in the fuel cell and hydrogen industries, focusing on capacity and revenue generation, business model evolution, and the maturation of the key companies within the sector. A full copy of the white paper is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “The Fuel Cell and Hydrogen Industries: 10 Trends to Watch,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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