An overview of the market for medium-size fuel cells for combined heat and
power, auxiliary power, and emergency power
Analyses of market trends, with data from 2011 and 2012, and projections of
compound annual growth rates (CAGRs) through 2017
A breakdown of the types of fuel cells, including solid oxide fuel cells
(SOFC) and polymer electrolyte membrane fuel cells (PEMFC)
Examinations of industry structure and competitive aspects
Market segmentation by residential; commercial; transportation; police, fire,
and rescue; and military
Discussion of industry concentration factors, environment and trade practices,
distribution channels, and purchasing influences
Comprehensive company profiles of major players
REPORT SCOPE
INTRODUCTION
STUDY GOALS AND OBJECTIVES
Like batteries, fuel cells produce electrical energy through an
electrochemical process. Unlike batteries, fuel cells are "conversion"
devices that change some kind of chemical fuel into electricity. Like
combustion engines, fuel cells "convert" fuel into energy, but in this case
the energy is electricity, not kinetic (movement) or heat.
Fuel cells can't directly store electrical energy, but they may have a great
deal of flexibility in fuels. Possible fuels include hydrocarbons like
natural gas or alcohol, or even metals like aluminum. Many designs operate
best on hydrogen gas; others can operate on utility-grade natural gas or
propane.
Fuel cell sizes range from tiny portable units that can be held in the hand to
massive stacks the size of a two-story building. Smaller fuel cells can be
combined into stacks with an effectively unlimited size.
This report considers residential, commercial and military medium-sized power
generation applications for fuel cells too large to be easily portable and
smaller utility-scale units. Fuel cells used to power vehicles or small
portable products are not considered. The market is divided into three main
categories:
Combined Heating and Power (CHP).
Auxiliary Power Units (APU).
Emergency.
Fuel cell types most appropriate for these applications include Proton
Exchange Membrane (PEM) and Solid Oxide Fuel Cells (SOFCs), but other types,
like molten carbonate, alkaline and phosphoric acid fuel cells, can be used in
some specific medium-sized applications.
CHP fuel cells integrate the production of usable heat and power (electricity)
in one single, highly efficient process. CHP generates electricity whilst
also capturing usable heat that is produced in this process. This contrasts
with conventional ways of generating electricity whereby a vast amount of heat
is simply wasted. In today's coal- and gas-fired power stations, up to
two-thirds of the overall energy consumed is lost in this way - often seen as
a cloud of steam rising from cooling towers. Their relative sophistication
means that the overall efficiency of CHP plants can reach in excess of 80% at
the point of use. Auxiliary power units (APUs) and emergency power fuel cells
only generate electricity (not heat). The distinction between an APU and an
emergency power unit depends on the service profile: continuous versus
standby/intermittent. Advantages include long service life, ability to operate
using a variety of fuels and relatively low cost for the functionality.
Specific applications include emergency or backup power for residences or
commercial facilities, telecommunications backup power supplies, signage
power, recreational vehicle power, aircraft auxiliary power, and anti-idling
power for commercial diesel vehicles. Power generators provide off-grid power
during a blackout, in emergencies, in remote locations or when vehicles are
parked.
REASONS FOR DOING THE STUDY
This report can also provide valuable information in terms of assessing
investment in particular technologies and, therefore, should benefit investors
directly or indirectly. Others may find the broad discussions of energy
policy and environmental impact to be of considerable value in understanding
the opportunities and problems in the near- to mid-term.
INTENDED AUDIENCE
This report is intended to provide a unique analysis of the residential,
commercial, and military fuel cell 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.
BCC Research wishes to thank those companies, government agencies, and
university researchers that contributed information for this report.
SCOPE AND FORMAT
This report discusses the values of the North American, European, Far Eastern
and Rest-of-World markets. Target markets are based on optimistic,
pessimistic, and consensus alternatives. Sales (dollars) and shipments
(units) for 2011, 2012, and 2017 are provided, with five-year cumulative
average growth rates (CAGR) calculated for the period 2012 to 2017.
Fuel cell applications are described and analyzed. The following applications
are considered:
Combined heat and power (CHP) sectors are:
Residential.
Commercial.
Industrial.
Auxiliary power unit (APU) sectors are:
Residential/Commercial.
Recreational Vehicles.
Signage.
Anti-idling.
Aircraft.
Military.
Emergency sectors are:
Residential/Commercial (including uninterruptible power systems).
Military.
Police/Emergency.
Residential, commercial, and military fuel cell companies are listed and
detailed profiles have been prepared.
METHODOLOGY
An in-depth analysis of technical and business literature and published
dissertations; a review of the history of the technologies involved; and
interviews with industry experts, company representatives, federal government
researchers and university scientists provide an assessment of the outlook for
alternative electrical power storage. Other information sources include
product literature from suppliers, scientific references, conferences and
patent searches.
Both primary and secondary research methodologies were used in preparing this
report, which is based on interviews with commercial and government sources,
literature reviews, and patent examinations. Throughout the report, past
market data is expressed in current dollars, and estimates and projections are
in constant 2012 dollars.
Most market summaries are based on a consensus scenario that assumes no
unanticipated technical advances and no unexpected legislation. When
appropriate, several developmental markets are characterized in pessimistic,
consensus and optimistic scenarios. Totals are rounded to the nearest million
dollars. When appropriate, information from previously published sources is
identified to allow a more detailed examination by clients.
INFORMATION SOURCES
Market assumptions used in this report include those based on updates of
material from an earlier version of this analysis as well as from BCC Research
studies; this report's author prepared these studies as well. He also edited
several relevant newsletters including Fuel Cell Industry Report. Although
many segments of the industry are well documented, much of this information is
based on estimates, not hard facts. The distinction between these estimates
and hard facts can be vital, and wherever possible, sources are identified.
ANALYST CREDENTIALS
This report's project analyst, Donald Saxman, edited BCC Research's Fuel Cell
Industry Report newsletter 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 cover 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.
Table of Contents
Table of Contents
Chapter- 1: INTRODUCTION - Complimentary
STUDY GOALS AND OBJECTIVES
REASONS FOR DOING THE STUDY
INTENDED AUDIENCE
SCOPE AND FORMAT
METHODOLOGY
INFORMATION SOURCES
ANALYST CREDENTIALS
RELATED REPORTS
BCC ON-LINE SERVICES
DISCLAIMER
Chapter- 2: SUMMARY
Table Summary : GLOBAL MARKET SUMMARY BY FUEL CELL TYPE, CONSENSUS
SCENARIO, THROUGH 2017
Figure Summary : GLOBAL MARKET SUMMARY BY FUEL CELL TYPE, CONSENSUS
SCENARIO, 2011-2017
Chapter- 3: RESIDENTIAL, COMMERCIAL AND MILITARY FUEL CELLS
TYPES OF FUEL CELLS
Chapter- 4: RESIDENTIAL, COMMERCIAL AND MILITARY FUEL CELL MARKETS
COMBINED HEAT AND POWER (CHP)
EMERGENCY POWER
RESIDENTIAL, COMMERCIAL AND MILITARY FUEL CELL MARKET SUMMARIES
FUEL CELLS BY REGION MARKET SUMMARY
Chapter- 5: INDUSTRY STRUCTURE AND COMPETITIVE ASPECTS
DRIVING FORCES OF THE INDUSTRY
CHANNELS OF DISTRIBUTION
MARKET SEGMENTATION
PURCHASING INFLUENCES
Chapter- 6: COMPANY PROFILES
ACAL ENERGY LTD.
ACTA SPA.
ACUMENTRICS HOLDING CORP.
ADELAN U.K., LTD.
AFC ENERGY
ALPPS FUEL CELL SYSTEMS
ALSTOM TECHNOLOGY, INC.
ALTERGY
ARISTON THERMO GROUP
THE BABCOCK & WILCOX CO. (MCDERMOTT INTERNATIONAL)
BABCOCK-HITACHI K.K.
BALLARD POWER SYSTEMS
BLOOM ENERGY
CERAMIC FUEL CELLS, LTD.
CERES POWER HOLDINGS
CMR PROTOTECH
CUMMINS POWER GENERATION, INC.
DANA CANADA CORP.
DDI ENERGY
DELPHI AUTOMOTIVE
EDISON ELECTRIC INSTITUTE
ELCOGEN AS
ENERGIENED
ENTWICKLUNGS UND VERTRIEBSGESELLSCHAFT BRENNSTOFFZELLE
FUEL CELL TECHNOLOGIES
FUELCELL ENERGY, INC.
FUJI ELECTRIC CO.
FUTURE E FUEL CELL SOLUTIONS GMBH
GENERAL ELECTRIC COMPANY
GENERAL MOTORS CORP.
GEORGE WESTINGHOUSE RESEARCH AND TECHNOLOGY PARK
GLOBAL RESOURCE ENERGY INC.
GOLDEN ENERGY FUEL CELL CO., LTD.
HALDOR TOPSOE A/S/TOPSOE FUEL CELL
H POWER CORP.
HORIZON FUEL CELLS AND RIVERSIMPLE
HYDROGENICS CORP.
IDATECH, LLC
ITM POWER
KANSAI ELECTRIC POWER CO., INC.
LINDE BOC
LOGANENERGY CORP.
MEIDENSHA CORP.
MERIDIAN ENERGY, LTD.
MITSUBISHI HEAVY INDUSTRIES, LTD.
NATIONAL FUEL CELL RESEARCH CENTER
NEAH POWER
NEDSTACK FUEL CELL TECHNOLOGY
NEXTECH MATERIALS, LTD.
NIPPON TELEGRAPH & TELEPHONE CORP.
ONTARIO POWER GENERATION, INC.
PALCAN FUEL CELLS, LTD.
PLUG POWER, INC.
POHANG IRON AND STEEL COMPANY (POSCO)
PROTONEX
PROTON POWER SYSTEMS
RELIANT ENERGY POWER SYSTEMS
RELION
ROLLS-ROYCE FUEL CELL SYSTEMS, LTD.
SAFCELL
SHELL HYDROGEN BV
SIEMENS POWER GENERATION, INC.
SMART FUEL CELL AG (SFC)
SOFCPOWER SLC
SOLID STATE ENERGY CONVERSION ALLIANCE
STAXERA GMBH (SUNFIRE)
SULZER HEXIS AG
TURKCELL
SUMITOMO CORP.
TOKYO GAS CO., LTD.
TOSHIBA FUEL CELL POWER SYSTEMS CORP.
TOYOTA
ULTRA ELECTRONICS AMI
UNITED TECHNOLOGIES
VAILLANT GMBH
VERSA POWER SYSTEMS, INC.
VIOLET FUEL CELL STICKS
WARTSILA CORP.
WATT FUEL CELL CORP.
WEBASTO AG
WORLDWIDE ENERGY, LLC
ZTEK CORP.
Chapter- 7: APPENDIX 1: COMPETITION
CONVENTIONAL TURBINE-BASED POWER GENERATION
INTERNAL COMBUSTION ENGINES
ULTRACAPACITORS
BATTERIES
Chapter- 8: APPENDIX 2: HYDROGEN FUEL
ELECTROLYSIS
KANZIUS RADIO FREQUENCY APPROACH
REGENERATIVE ELECTROCHEMICAL CELL
HYDROGEN REFORMING
ALUMIFUEL POWER CORP. HYDROGEN GENERATION
Table 92 : HYDROGEN PRODUCTION METHODS
List of Tables
Summary Table : GLOBAL MARKET SUMMARY BY FUEL CELL TYPE, CONSENSUS
SCENARIO, THROUGH 2017
Figure 10 : TOTAL GLOBAL PEMFC MARKET PROJECTIONS BY SECTOR, CONSENSUS
SCENARIO, 2011-2017
Figure 11 : GLOBAL 2012 PEMFC MARKET PROJECTIONS BY SECTOR, CONSENSUS
SCENARIO, 2012
Figure 12 : TOTAL GLOBAL PEMFC MARKET PROJECTIONS BY REGION, CONSENSUS
SCENARIO, 2011-2017
Figure 13 : GLOBAL 2012 PEMFC MARKET PROJECTIONS BY REGION, CONSENSUS
SCENARIO, 2012
Figure 14 : GLOBAL OTHER FUEL CELL MARKET PROJECTIONS BY SECTOR, CONSENSUS
SCENARIO, THROUGH 2017
Figure 15 : OTHER GLOBAL FUEL CELL MARKET PROJECTIONS BY SECTOR, CONSENSUS
SCENARIO, 2012
Figure 16 : GLOBAL OTHER FUEL CELL MARKET PROJECTIONS BY REGION, CONSENSUS
SCENARIO, 2011-2017
Figure 17 : GLOBAL OTHER FUEL CELL MARKET PROJECTIONS BY REGION, CONSENSUS
SCENARIO, 2012
Figure 18 : FUEL CELL MANUFACTURING TREE
Figure 19 : FUEL CELL MANUFACTURING FLOW
Figure 20 : DRIVING DOWN COSTS FOR FUEL CELLS
Fuel Cells for Residential, Commercial and Military Power published by BCC Research in November 12, 2012. This report consists of 273 Pages and the price starts from US $ 5450.
