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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.
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