The fuel cell industry is being cursed – or blessed, depending on one’s position – with interesting times. Over the past 18 months, there has been a real divergence in the fortunes of various fuel cell sectors. The stationary sector has seen 2 years of strong growth while some sectors, such as portable, have continued to struggle. Others have been in a holding pattern, seeing continued growth but no major breakthroughs. Meanwhile, the fuel cell vehicle (FCV) market is poised for the launch of commercial vehicles, spurring a flurry of investment in hydrogen infrastructure. Hydrogen for power-to-gas applications has also seen a surge in interest as countries look to manage and optimize renewable resources.
This white paper looks at some of the major trends that Navigant Research sees happening over the next year and beyond. The trends were generated from Navigant Research’s analysis of the fuel cell and hydrogen industries, as well as research into the sectors in which fuel cells compete, especially energy storage, combined heat and power (CHP), and microgrids.
The 10 key trends are:
- Fuel cells back on the radar of the skeptical U.S. media
- Stationary sector continues to lead the fuel cell industry
- Investors cautiously coming off the fence on fuel cells
- FCVs continue to be compared to plug-in electric vehicles (PEVs)
- Hydrogen infrastructure stakeholders must prove they can build stations
- CHP is on path to surpass prime power stationary fuel cells
- Fuel cells face stiff competition from engine- or turbine-based CHP
- Booming North American microgrid market offers opportunity for fuel cells
- Power-to-gas concept will be proven in Europe
- Portable fuel cells still struggling to hit the right value proposition
Key Questions Addressed:
- What are the major trends in the fuel cell and hydrogen industries?
- Which application sector is leading the fuel cell industry and in which markets?
- How are fuel cells viewed by investors and the U.S. media?
- What is the growth potential of combined heat and power (CHP) fuel cells?
- Where is power-to-gas poised for growth?
- Which regional microgrid market offers the best opportunity for fuel cells?
Who needs this report?
- Fuel cell system and stack developers
- Hydrogen suppliers
- Fuel cell vehicle infrastructure developers
- Energy service companies (ESCOs)
- Government agencies
- Investor community
Table of Contents
1. Executive Summary
2. 10 Key Trends in the Fuel Cell and Hydrogen Industries
2.1 Fuel Cells Back on the Radar in the Skeptical U.S. Media
2.2 Stationary Sector Continues to Lead the Fuel Cell Industry
2.3 Investors Cautiously Coming Off the Fence on Fuel Cells
2.4 FCVs Continue to be Compared to PEVs
2.5 Hydrogen Infrastructure Stakeholders Must Prove They Can Build Stations
2.6 CHP Is on Path to Surpass Prime Power Stationary Fuel Cells
2.7 Fuel Cells Face Stiff Competition from Engine- or Turbine-Based CHP
2.8 Booming North American Microgrid Market Offers Opportunity for Fuel Cells
2.9 Power-to-Gas Concept Will Be Proven in Europe
2.10 Portable Fuel Cells Still Struggling to Hit the Right Value Proposition
3. Acronym and Abbreviation List
4. Table of Contents
5. Table of Charts and Figures
6. Scope of Study, Sources and Methodology, Notes
List of Charts
- Fuel Cell Shipped Capacity by Application, World Markets: 2009-2012
- Microgrid Capacity and Revenue, North America: 2014-2018
- Annual Capacity of Wind Installed, Select European Countries, and Power-to-Gas Capacity by Scenario, Europe: 2014-2018