Abstract
Executive Summary
The past twelve months has seen the small stationary market, which we defi ne
as units under 10 kW, develop further into the two major markets of
residential CHP and UPS. The total market saw a increase of 79% to 4,000
units. The technology split saw an increase in dominance of PEM units with
SOFC reporting a proportional decrease in percentage down to just 5%. AFC
technology remained on the fringe.
In terms of market dynamics, the UPS sector moved in the Demand Driven Model
of the FCT Global Forecasting Model, characterised by consumer demand for
increasingly high volumes.
At present the small stationary sector remains stable, exhibiting sustainable
growth rates and shows little or no signs of the hype that still plagues some
other applications. Companies are moving to increase funding either through
private placements or stock market activity with the majority of the money
raised being funnelled into new production, or expanded production capability.
Looking forward, market dynamics should see the buy-out of a handful of small
high-tech, low cash companies and we expect the closure, to this application
if not totally, of some of the major market players.
About the Author
Kerry-Ann Adamson is the Principal Analyst and Manager of Fuel Cell Today and
has interests in the socioeconomics and technologies of distributed generation
and the use of fuel cell technology in marine applications.
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