Report Highlights
The global solid oxide fuel cell market in 2011 will be worth more than $380 million, up from $360 million in 2010. This will result in a $530 million global market in 2016, a compound annual growth rate (CAGR) of 6.9% between 2011 and 2016 under a consensus scenario.
Report Scope
This report discusses the North American, European, Far Eastern, and Rest-of-World market value. Target markets are based on optimistic, pessimistic, and consensus alternatives. This is compared to the conventional power generation target and peak shifting opportunities. The current market is small, mainly limited to pilot projects or emerging niches. By 2016, these pilots will be expanding into commercial implementations. This 2016 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)
- Exotic
- Military
- Portable product power
- Remote power and auxiliary power units (APUs)
SOFC companies are listed and detailed profiles prepared.
Analyst Credentials
This report’s project analyst, Donald Saxman, is the editor of BCC Research’s Fuel Cell Industry Report and Hybrid and Electric Vehicle Progress newsletters and has founded several other BCC newsletters. Mr. Saxman has more than 28 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, in this capacity, he has prepared more than 80 technology market research reports, including many that covered 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.
Report Highlights
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The global market value of solid oxide fuel cells is forecasted to reach $335 million by 2008, rising from $123 million in 2003 at an average annual growth rate (AAGR) of 22.2%.
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North American markets, estimated to be about $67 million in 2003, represent about 55% of the global market.
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Power plant stationary applications are expected to grow at an AAGR of 24% to $160 million by 2008.
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The first precommercialized tubular SOFC units of 250 kW or more are expected to be available in pilot production in early 2004 in North America.
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Residential SOFCs, mainly planar designs, are expected to be introduced in Europe in 2004.
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