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.
This report's project analyst, Donald Saxman, edited BCC Research's Fuel Cell Industry Report and Hybrid and Electric Vehicle Progress newsletters. Mr. Saxman has more than 30 years of experience in market analysis, technical writing and newsletter editing. Since 1983, he has operated as a technical market consultant and subcontractor to BCC Research, and has prepared more than 85 technology market research reports, including many focusing on battery technology and battery markets. His previous experience includes supervision of a quality-control laboratory at a major secondary lead refinery, experience as an analytical chemist at a hazardous waste testing service, product assurance manager for a space station life-support-system project and an information technology business analyst and project manager.