Report Highlights
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.
Report Includes
- 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)
- Military
- Portable product power
- Exotic
- Analyses of the technology and recent commercial developments in the SOFC industry.
- Profiles of major players in the industry.
Report Scope
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).
- Military.
- Portable product power.
- Exotic.
SOFC companies are listed and their detailed profiles are discussed in the Company Profiles chapter.
Analyst Credentials
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.
Report Highlights
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%.
Report Includes
- 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.
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 Highlights
-
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.
Related Reports
Global Markets, Technologies and Materials for Thin and Ultrathin Films
The global market for thin and ultrathin films is expected to grow from $20.6 billion in 2023 to $38.8 billion by the end of 2028, at a compound annual growth (CAGR) of 13.5% from 2023 to 2028.
Global Markets and Technologies for Nanofibers
The global market for nanofibers is estimated to increase from $2.9 billion in 2023 to reach $9.4 billion by 2028, at a compound annual growth rate (CAGR) of 26.0% from 2023 through 2028.
The Global Market for Distributed Energy Generation
The global market for distributed energy generation is estimated to increase from $141.3 billion in 2023 to reach $241.6 billion by 2028 with a compound annual growth rate (CAGR) of 11.3% during the forecast period of 2023-2028.
Nanotechnology in Energy Applications
The global nanotechnology in energy applications market should reach $18.8 billion by 2028 from $9.3 billion in 2023 at a compound annual growth rate (CAGR) of 15.0% for the forecast period of 2023 to 2028.
Recent Reports
Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies
The global market for biodiesel is expected to grow from $43.1 billion in 2023 to $51.6 billion by the end of 2028, at a compound annual growth rate (CAGR) of 3.7% from 2023 through 2028.
Lithium Mining: Global Markets
The global market for lithium mining is expected to grow from $5.7 billion in 2023 and projected to reach $9.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.
Global Smart Transformer Market
This report provides an overview of the global smart transformer market. It presents current, and future market scenarios in the smart transformer industry. The report also covers leading companies with information on product portfolios, global headquarters addresses, and more. Using 2022 as the base year, the report provides market forecasts through 2028.
Nuclear Fusion and Advanced Materials: Emerging Opportunities
The global market for nuclear fusion technologies is expected to increase from $1.7 billion in 2035 to $6.8 billion by the end of 2040, with a compound annual growth rate (CAGR) of 31.6% during the forecast period of 2035-2040.
Global Bifacial Solar Market
This report provides an overview of the global bifacial solar market. It covers various region-specific developments in the industry. The report also assesses the bifacial solar market by type of panel, module and frame, along with installation and application. The report also profiles leading companies with information on product portfolios.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More