Solid Oxide Fuel Cells: Technologies and Global Markets
Global solid oxide fuel cell (SOFC) market in 2013 is worth more than $906 million, up from $303 million in 2008. The forecasted revenues will likely reach almost $1.3 billion by 2018, demonstrating a compound annual growth rate (CAGR) of 7.5%.
- An overview of the global market for solid oxide fuel cells (SOFCs).
- Analyses of global market trends, with data from 2008 and 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- 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.
- Analyses of the technology and recent commercial developments in SOFCs global market.
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. This is compared to the conventional power generation target and peak shifting opportunities. The current market is emerging, with niche products, pre–commercial demos, and subsidized pilot projects.
Over the next five years these pilots will be expanding into commercial implementations. The 2018 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 detailed profiles prepared in the Company Profiles chapter.
Donald Saxman is an industry-recognized expert in gas separation and oil recovery through carbon dioxide injection. His experience in both markets and technologies for corrosion inhibitors, and industrial gas end uses informs his research. While working for Zellweger Analytics as a subcontractor to Boeing Aerospace, he was quality assurance manager for the design, manufacture and testing of an organic carbon monitor for the International Space Station and its water recycling system. Saxman has worked with BCC Research as analyst and author for more than 20 years, and his reports include market research on lithium batteries and solid oxide fuel cells. He holds a bachelor's degree in geology from the University of Indiana.
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.
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%.
North American markets, estimated to be about $67 million in 2003, represent about 55% of the global market.
Power plant stationary applications are expected to grow at an AAGR of 24% to $160 million by 2008.
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.
Residential SOFCs, mainly planar designs, are expected to be introduced in Europe in 2004.