Market Forecast By Technologies (MCFC, PAFC, PEMFC and SOFC), By Power Ranges (Less Than 5kW, 5kW - 250kW, 250kW - 1MW and More Than 1MW, By Verticals (Residential, Commercial and Industrial), By Countries (UAE, Saudi Arabia, Turkey, Kuwait, Qatar, Oman, Bahrain, South Africa, Egypt and Nigeria) and Competitive Landscape
Product Code: ETC000690 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East and Africa (MEA) Stationary Fuel Cell Market report thoroughly covers the market by Technologies, by Power range, by Verticals, by Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East and Africa (MEA) Stationary Fuel Cell Market has been Developing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as such as increasing demand for clean energy solutions, government initiatives towards reducing carbon emissions, and advancements in fuel cell technology.
According to 6Wresearch, Middle East and Africa (MEA) Stationary Fuel Cell Market size is expected to grow at a significant CAGR of 20.3% during 2025-2031. One of the key drivers of this market is the rising awareness about clean energy sources and their impact on the environment. The MEA region has been facing environmental challenges due to its heavy reliance on fossil fuels. As a result, there is a growing demand for clean and sustainable energy sources, making stationary fuel cells an attractive option.
In addition, the government of the MEA region have introduced various initiatives and policies to promote the use of clean energy solutions. For instance, the UAE's National Climate Change Plan aims to reduce carbon emissions by 16% by 2021 through increased adoption of clean energy sources. Similarly, Saudi Arabia's Vision 2030 includes plans for diversification of the country's energy mix and promoting renewable energy solutions.
The market is also dealing with a number of challenges that are hampering its growth. Some of major challenges High initial costs and lack of infrastructure are major hurdles in the widespread adoption of stationary fuel cells. Additionally, limited availability of hydrogen fuel and technical complexities associated with its storage and transportation pose a challenge for the market.
Some of the key players in this market include Plug Power Inc., Bloom Energy Corporation, Fuel Cell Energy Inc., Doosan Corporation, and Ballard Power Systems Inc. These companies are constantly investing in research and development to improve the efficiency and cost-effectiveness of stationary fuel cells.
he MEA region is home to some of the fastest-growing economies in the world, and these countries are heavily reliant on traditional fossil fuels for their energy needs. However, with increasing concerns about climate change and a push towards sustainable development, many governments in the region have started implementing policies to promote clean energy sources like stationary fuel cells.
For instance, in 2017, Saudi Arabia launched its National Renewable Energy Program (NREP) with the goal of achieving 9.5 gigawatts (GW) of renewable energy capacity by 2023, including fuel cell technology. Similarly, the United Arab Emirates (UAE) has set a target to generate 24% of its electricity from clean energy sources by 2021.
future insights for this market include increased collaborations between governments and private companies to promote adoption of stationary fuel cells, as well as partnerships between different industries to develop more efficient and cost-effective fuel cell solutions. Additionally, advancements in hydrogen production and storage technologies can also pave the way for wider adoption of stationary fuel cells.
It is also important to note that this market has a significant potential for growth in remote and off-grid areas, where access to traditional energy sources is limited. This presents a major opportunity for companies to expand their market reach and cater to the growing demand for clean energy solutions.
According to Dhaval, Research Manager, 6Wresearch, Among the different types of stationary fuel cells, PEMFC is expected to have the highest growth in the future due to its widespread use in various applications such as residential and commercial power generation. This type of fuel cell offers high efficiency, low operating temperature, and quick start-up time, making it a favourable choice for many users.
On the basis of Power Range segment, the 5kW-250kW power range is expected to have the highest demand in the MEA stationary fuel cell market. This range is suitable for various applications such as residential, commercial, and small-scale industrial power generation. With the growing focus on clean energy and sustainability, many businesses and households are likely to opt for fuel cells in this power range to meet their energy needs.
Among these, the commercial sector is projected to have the largest share in the MEA stationary fuel cell market. This can be attributed to increasing adoption of fuel cells in data centres, hospitals, and other facilities that require reliable and continuous power supply. Additionally, government initiatives to promote clean energy in the commercial sector are also expected to drive market growth.
While all of these countries are expected to contribute to the growth of the MEA stationary fuel cell market, Saudi Arabia is projected to have the highest growth rate. This can be attributed to the country's initiatives towards diversifying its energy mix through increased adoption of renewable energy sources such as fuel cells.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East & Africa Stationary Fuel Cell Market Overview |
3.1 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
3.2 Middle East & Africa Stationary Fuel Cell Market Revenue Share, By Technology, 2021 & 2031F |
3.3 Middle East & Africa Stationary Fuel Cell Market Revenue Share, By Power Range, 2021 & 2031F |
3.4 Middle East & Africa Stationary Fuel Cell Market Revenue Share, By Vertical, 2021 & 2031F |
3.5 Middle East & Africa Stationary Fuel Cell Market Revenue Share, By Countries, 2021 & 2031F |
3.6 Middle East & Africa Stationary Fuel Cell Market Industry Life Cycle |
3.7 Middle East & Africa Stationary Fuel Cell Market- Porter’s Five Forces, 2021 |
4 Middle East & Africa Stationary Fuel Cell Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East & Africa Stationary Fuel Cell Market Trends |
6 Middle East & Africa Stationary Fuel Cell Market Overview, By Technology |
6.1 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By MCFC, 2021-2031F |
6.2 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By PAFC, 2021-2031F |
6.3 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By PEMFC, 2021-2031F |
6.4 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By SOFC, 2021-2031F |
7 Middle East & Africa Stationary Fuel Cell Market Overview, By Power ranges |
7.1 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By Less than 5Kw, 2021-2031F |
7.2 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By 5Kw - 250 Kw, 2021-2031F |
7.3 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By 250Kw - 1mW, 2021-2031F |
7.4 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, More Than 1 mW, 2021-2031F |
8 Middle East & Africa Stationary Fuel Cell Market Overview, By Verticals |
8.1 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By Residential, 2021-2031F |
8.2 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By Commercial, 2021-2031F |
8.3 Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, By Industrial, 2021-2031F |
9 South Africa Stationary Fuel Cell Market Overview |
9.1 South Africa Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
9.2 South Africa Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
9.3 South Africa Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
9.4 South Africa Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
10 Nigeria Stationary Fuel Cell Market Overview |
10.1 Nigeria Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
10.2 Nigeria Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
10.3 Nigeria Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
10.4 Nigeria Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
11 Egypt Stationary Fuel Cell Market Overview |
11.1 Egypt Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
11.2 Egypt Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
11.3 Egypt Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
11.4 Egypt Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
12 Turkey Stationary Fuel Cell Market Overview |
12.1 Turkey Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
12.2 Turkey Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
12.3 Turkey Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
12.4 Turkey Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
13 Saudi Arabia Stationary Fuel Cell Market Overview |
13.1 Saudi Arabia Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
13.2 Saudi Arabia Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
13.3 Saudi Arabia Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
13.4 Saudi Arabia Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
14 UAE Stationary Fuel Cell Market Overview |
14.1 UAE Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
14.2 UAE Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
14.3 UAE Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
14.4 UAE Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
15 Qatar Stationary Fuel Cell Market Overview |
15.1 Qatar Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
15.2 Qatar Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
15.3 Qatar Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
15.4 Qatar Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
16 Oman Stationary Fuel Cell Market Overview |
16.1 Oman Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
16.2 Oman Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
16.3 Oman Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
16.4 Oman Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
17 Bahrain Stationary Fuel Cell Market Overview |
17.1 Bahrain Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
17.2 Bahrain Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
17.3 Bahrain Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
17.4 Bahrain Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
18 Kuwait Stationary Fuel Cell Market Overview |
18.1 Kuwait Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
18.2 Kuwait Stationary Fuel Cell Market Revenues and Volume, By Technology, 2021-2031F |
18.3 Kuwait Stationary Fuel Cell Market Revenues and Volume, By Power Range, 2021-2031F |
18.4 Kuwait Stationary Fuel Cell Market Revenues and Volume, By Vertical, 2021-2031F |
19 Rest of Middle East & Africa Stationary Fuel Cell Market Overview |
19.1 Rest of Middle East & Africa Stationary Fuel Cell Market Revenues & Volume, 2021-2031F |
20 Middle East & Africa Stationary Fuel Cell Market Opportunity Assessment |
20.1 Middle East & Africa Stationary Fuel Cell Market Opportunity Assessment, By Technology, 2031F |
20.2 Middle East & Africa Stationary Fuel Cell Market Opportunity Assessment, By Power Range, 2031F |
20.3 Middle East & Africa Stationary Fuel Cell Market Opportunity Assessment, By Vertical, 2031F |
21 Middle East & Africa Stationary Fuel Cell Market Competitive Landscape |
21.1 Middle East & Africa Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.1 South Africa Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.2 Nigeria Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.3 Egypt Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.4 Turkey Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.5 Saudi Arabia Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.6 UAE Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.7 Qatar Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.8 Oman Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.9 Bahrain Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.1.10 Kuwait Stationary Fuel Cell Market Revenue Share, By Companies, 2024 |
21.2 Middle East & Africa Stationary Fuel Cell Market Competitive Benchmarking, By Operating Parameters |
22 Company Profiles |
23 Strategic Recommendations |
24 Disclaimer |
Market Forecast By Technologies (MCFC, PAFC, PEMFC and SOFC), By Power Ranges (Less Than 5kW, 5kW - 250kW, 250kW - 1MW and More Than 1MW, By Verticals (Residential, Commercial and Industrial), By Countries (UAE, Saudi Arabia, Turkey, Kuwait, Qatar, Oman, Bahrain, South Africa, Egypt and Nigeria) and Competitive Landscape
Product Code: ETC000690 | Publication Date: Aug 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Rising consumer awareness regarding need to control pollution and increase in demand for green and clean energy would drive the demand for Middle East and Africa stationary fuel cell market over the coming years. Moreover, advantage over the backup power option, the requirement of more resilient energy systems, higher energy density compared to battery are some of key drivers of the market. However, high cost of the product would hamper the growth of the market.
According to 6Wresearch, Middle East and Africa (MEA) stationary fuel cell market is anticipated to register growth during 2019-25. In the overall Middle East and Africa stationary fuel cell market share, UAE and South Africa have captured major share of market revenue pie in 2018 and are expected to lead throughout the forecast period owing to increasing awareness towards the requirement for reducing energy consumption across numerous sectors, rise in investments, advancements in fuel cell technology, and exponential rise in power consumption.
On the basis of technology, the market can be broadly categorized into Molten Carbonate Fuel Cells (MCFC), Phosphoric Acid Fuel Cell (PAFC), Proton-Exchange Membrane Fuel Cell (PEMFC) and Solid Oxide Fuel Cell (SOFC). Commercial application is expected to gain momentum over the next six years.
The Middle East and Africa Stationary Fuel Cell market report thoroughly covers the market by technology, power range, application, verticals, regions and key countries. The Middle East and Africa stationary fuel cell market outlook report provides an unbiased and detailed analysis of the on-going Middle East and Africa stationary fuel cell market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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Key Highlights of the Report:
• Middle East and Africa Stationary Fuel Cell Market Overview
• Middle East and Africa Stationary Fuel Cell Market Outlook
• Middle East and Africa Stationary Fuel Cell Market Forecast
• Historical Data of Middle East and Africa Stationary Fuel Cell Market Revenues & Volume for the Period 2015-2018
• Middle East and Africa Stationary Fuel Cell Market Size and Middle East and Africa Stationary Fuel
Cell Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Middle East and Africa Stationary Fuel Cell Market Revenues & Volume, By Technology,
for the Period 2015-2018
• Market Size & Forecast of Middle East and Africa Stationary Fuel Cell Market Revenues & Volume, By
Technology, Until 2025
• Historical Data of Middle East and Africa Stationary Fuel Cell Market Revenues and Volume, By Power
Range, for the Period 2015-2018
• Market Size & Forecast of Middle East and Africa Stationary Fuel Cell Market Revenues and Volume, By
Power Range, Until 2025
• Historical Data of Middle East and Africa Stationary Fuel Cell Market Revenues and Volume, By
Applications, for the Period 2015-2018
• Market Size & Forecast of Middle East and Africa Stationary Fuel Cell Market Revenues and Volume,
By Applications, Until 2025
• Historical Data of UAE Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of UAE Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Saudi Arabia Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Turkey Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Turkey Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Kuwait Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Kuwait Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Qatar Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Qatar Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Oman Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Oman Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Bahrain Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Bahrain Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of South Africa Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of South Africa Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Egypt Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Egypt Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Historical Data of Nigeria Stationary Fuel Cell Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Nigeria Stationary Fuel Cell Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Middle East and Africa Stationary Fuel Cell Market Price Trends
• Middle East and Africa Stationary Fuel Cell Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East and Africa Stationary Fuel Cell Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations
Markets Covered
The Middle East and Africa Stationary Fuel Cell Market report provides a detailed analysis of the following market segments:
• By Technologies:
o MCFC
o PAFC
o PEMFC
o SOFC
• By Power Ranges:
o Less than 5kW
o 5Kw - 250kW
o 250Kw - 1MW
o More Than 1MW
• By Verticals:
o Residential
o Commercial
o Industrial
• By Countries:
o UAE
o Saudi Arabia
o Turkey
o Kuwait
o Qatar
o Oman
o Bahrain
o South Africa
o Egypt
o Nigeria
Other Key Reports Available:
Upcoming Market Report
• Saudi Arabia Stationary Fuel Cell Market Report
• UAE Stationary Fuel Cell Market Report
• South Africa Stationary Fuel Cell Market Report
• Turkey Stationary Fuel Cell Market Report
• Kuwait Stationary Fuel Cell Market Report
• Qatar Africa Stationary Fuel Cell Market Report
• Oman Stationary Fuel Cell Market Report
• Bahrain Stationary Fuel Cell Market Report
• Egypt Africa Stationary Fuel Cell Market Report
• Nigeria Africa Stationary Fuel Cell Market Report