Stationary Fuel Cell Market Will Reach $9 Billion in Annual Revenue by 2022, Forecasts Navigant Research

  Stationary Fuel Cell Market Will Reach $9 Billion in Annual Revenue by 2022,
  Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- May 6, 2013

While growing in terms of megawatts and systems shipped, the market for
stationary fuel cells is also going through a period of deep restructuring,
with a number of companies exiting the space and a handful of new entrants
appearing. Over the last year, the sector has seen a sharp increase in market
demand created by government policy initiatives. According to a recent report
from Navigant Research, annual revenue from stationary fuel cells will grow
from $1.7 billion in 2013 to $9 billion in 2022.

“Stationary fuel cells are still in the early part of the adoption cycle, with
limited availability and affordability,” says Kerry-Ann Adamson, research
director with Navigant Research. “During the last year, however, companies
have moved to create products for markets where real needs exist—in many cases
producing systems that use locally available fuels, can be maintained by local
engineers, and do not require very limited operating temperature ranges. This
growing realism will enable the industry to create a secure foundation for
future growth.”

One key factor driving growth in the stationary fuel cell sector is falling
costs, according to the report. Through a combination of re-engineering
systems and high-volume, high-quality manufacturing, some leading companies
have achieved up to 60 percent cost reductions over the last decade.
Nevertheless, stationary fuel cell costs, particularly for polymer electrolyte
membrane fuel cells, are still very high compared to many incumbent
technologies.

The report, “Stationary Fuel Cells”, provides a comprehensive analysis of
developments and market opportunities in the global fuel cell industry,
including a focus on the combined heat and power, prime power, and backup
power/uninterruptible power supplies application segments. The study includes
two market forecasts for unit shipments, megawatt shipments, and revenue under
constrained and unconstrained growth scenarios, segmented by world region and
application segment. The report also profiles 24 active fuel cell system
companies in North America, Europe, and Asia Pacific. An Executive Summary of
the report 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, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) 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,
“Stationary Fuel Cells,” 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.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com