FOR IMMEDIATE RELEASE
September 22, 2011
GLOBAL SOLID OXIDE FUEL CELL MARKET TO REACH $530 MILLION IN 2016
Wellesley, Mass. – In a recent release, SOLID OXIDE FUEL CELLS: TECHNOLOGIES AND GLOBAL MARKETS (EGY048B) from BCC Research (www.bccresearch.com), the global solid oxide fuel cell (SOFC) market totaled $380 million in 2011, and is expected to hold a value of $530 million in 2016, increasing at a five-year compound annual growth rate (CAGR) of 6.9%.
The global SOFC market can be broken down by application into three segments – CPUs; generators, remote and auxiliary power units (APUs); and other.
The segment made up of CPUs held a value of $140 million in 2011, and is expected to increase at a CAGR of 9% to reach $215 million in 2016.
The segment made up of generators, remote, and APUs held a value of $135 million in 2011, and is expected to increase at a CAGR of 3.3% to reach $159 million in 2016.
The segment made up of others was worth $105 million in 2011 and should be worth $156 million in 2016, a CAGR of 8.2%.
Fuel cells are viewed as potential candidates for auxiliary power, mobile power, stationary distributed or central power, and portable product power. Solid oxide fuel cells are among the most efficient and cost-effective. Although relatively high operating temperature limits the range of applications possible, stationary, mobile, and even portable product configurations are possible.
Advances in the technology have been made, but sometimes these advances reveal even more challenges to be met. SOFCs have a part in securing energy security for the country, improving the environment, greatly reducing urban pollution, and creating jobs in manufacturing as the technology advances. They also can provide a cost-effective and performance-driven rival for other fuel cells, batteries, internal-combustion engines, and coal- or oil-fired heat engines.
Much of the SOFC growth is a result of combined heat and power (CHP) units, a technology that evolved from a cogeneration process. There is intense research to perfect ever-smaller SOFCs, which will ultimately be commercialized to power or recharge portable products. SOFCs could then begin to displace the immense portable product battery (lithium-ion and nickel metal hydride, for instance).
This report is intended to provide a unique analysis of the SOFC market and will be of interest to a variety of current and potential fuel cell users and integrators as well as competing battery, fuel cell, and conventional power generation makers.
GLOBAL SOFC MARKET SUMMARY BY TECHNOLOGY, BY APPLICATION, CONSENSUS SCENARIO
Source: BCC Research
Solid Oxide Fuel Cells: Technologies and Global Markets( EGY048B )
Target Date: September 2011 Price: $5450.00
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