Solid Oxide Fuel Cells: Technologies and Global Markets
The global market for solid oxide fuel cell (SOFC) was $303 million and $622 million in 2008 and 2012, respectively. The market is expected to reach nearly$1.2 billion by 2020 from $662 million in 2015, increasing at a compound annual growth rate (CAGR) of 12.3% from 2015 to 2020.
- An overview of the global markets for solid oxide fuel cells (SOFCs), a technology offering the promise of greatly reduced environmental impact and excellent performance, price, fuel flexibility, and efficiency advantages.
- Analyses of global market trends, with data from 2008 and 2012, 2015, and projections of CAGRs through 2020.
- Discussion of the current state, setbacks, innovations, and the future needs of the market.
- Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
- Applications covered include:
- Combined heat and power (CHP)
- Remote power and auxiliary power units (APUs)
- Portable product power
- Analyses of the technology and recent commercial developments in the SOFC industry.
- Profiles of major players in the industry.
This report discusses the North American, European, Far Eastern and Rest-of-World market values. Target markets are based on optimistic, pessimistic and consensus alternatives, which are compared to the conventional power generation target and peak shifting opportunities. The current market is emerging with pre-commercial demos and subsidized pilot projects as well as fast-growing niche markets that are quickly becoming established specialty markets.
Over the next five years these pilots will be expanding into commercial implementations. The 2020 market is also characterized in terms of optimistic, pessimistic and consensus scenarios.
SOFC applications are described and analyzed. The following applications are considered:
- Combined heat and power (CHP).
- Remote power and auxiliary power units (APUs).
- Portable product power.
SOFC companies are listed and their detailed profiles are discussed in the Company Profiles chapter.
Donald Saxman has 31 years of experience as a technology consultant, technical journalist and author, project manager, and quality assurance manager, with more than 22 years as an analyst with BCC Research.
Saxman is a globally recognized technology and business analyst with particular experience in gas separation and enhanced oil recovery through carbon dioxide injection. He is a long-time member of the Society of Petroleum Engineers and the Electrochemical Society and has contributed papers to both organizations. Saxman has also produced more than 85 focused market/technology reports, including detailed analyses of gas separation and delivery markets, enhanced oil recovery, corrosion inhibitors, and industrial gas end uses. He spent 11 years as writer and editor of a unique weekly technology market newsletter called Enhanced Energy Recovery News, was the electrochemistry editor for Membrane and Separation Technology News, and also wrote and edited Waste Treatment Technology News, one of the first monthly technology newsletters to cover carbon sequestration.
While working for Zellweger Analytics as a subcontractor for Boeing Aerospace, Mr. Saxman was quality assurance manager for the design, manufacturing, and testing of an organic carbon monitor for the International Space Station's water recycling system. This life critical space qualified hardware was based on a unique solid state approach to carbon dioxide measurement using nondispersive infrared spectroscopy.
He holds a Bachelor of Science degree in Geology from Indiana University.
- Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells (FCB035E).
- Lithium Battery Markets and Materials (FCB028G).
- Solid Oxide Fuel Cells: Technologies and Global Markets (EGY048D).
- Universal Serial Bus (USB) Battery Chargers: International Technologies and Market Potential (FCB042A).