America Solid Oxide Fuel Cells Market worth $667.7 Million By 2018. March 2014 | Page 2

Stationary market: Biggest market by applications
In the current North American fuel cell market, the stationary applications are the key
application on the basis of market size and revenues. The demand is projected to increase heavily
due to the increased power backup and household demand. Telecom, automobile and power
backup industry acts as the parent market of fuel cell industry. Its growth and demand is highly
influenced by the parent market. Off grid applications like providing backup power for
telecommunication infrastructure is provided by the fuel cells. For stationary applications use of
Solid Oxide Fuel Cell (SOFC) and Molten Carbonate Fuel Cell (MCFC) will grow more than
PEMFC.

Hydrogen leads as a primary fuel for fuel cell technology
Hydrogen is the largest primary fuel source for the fuel cells across the globe with more than half
of the market share. On the other hand, Natural gas/Methane and Methanol are gaining a sharp
focus as a renewable energy generation source. North America represents a huge potential in
terms of hydrogen as a fuel. Fuel cell companies are continuously trying to develop technologies
in order to provide a more cost effective catalyst, which in turn helps them to commercialize and
launch products in market. On account of hydrogen & fuel cell technology infrastructure
development for storage & distribution, the fuel cell market will experience a tremendous
increase in demand in the years to come.