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Market Research Report
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1059961

Solid Oxide Fuel Cells: Technologies and Global Markets

Published: | BCC Research | 298 Pages | Delivery time: 1-2 business days

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Solid Oxide Fuel Cells: Technologies and Global Markets
Published: February 18, 2022
BCC Research
Content info: 298 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Highlights:

The global solid oxide fuel cell market should reach $2.3 billion by 2026 from $1.3 billion in 2021 at a compound annual growth rate (CAGR) of 12.5% for the forecast period of 2021 to 2026.

The utility scale segment of the global solid oxide fuel cell market is expected to grow from $752.9 million in 2021 to $1.2 billion in 2026 at a CAGR of 10.3% for the forecast period of 2021 to 2026.

The medium scale segment of the global solid oxide fuel cell market is expected to grow from $242.1 million in 2021 to $453.9 million in 2026 at a CAGR of 13.4% for the forecast period of 2021 to 2026.

Report Scope:

This report will cover solid oxide fuel cells used in transport applications as well as stationary power generation and storage applications. 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 2026 market is also characterized with recent developments in the industry and government initiatives across the globe.

SOFC applications are described and analyzed. The following applications are considered -

  • Combined heat and power (CHP).
  • Power generation (stationary power units, remote power, and auxiliary power units [APUs]).
  • Portable product power.
  • Exotic (solid oxide electrolyzer cells and fuel cell hybrids).
  • Geographical scope of the report covers North America, Asia-Pacific, Europe and Rest of the World.

SOFC companies are listed, and their detailed profiles are discussed in the Company Profiles chapter.

Report Includes:

  • 79 tables
  • An overview of the global market and technologies for solid oxide fuel cells
  • Estimation of the market size and analyses of global market trends, with data from 2020, 2021 with projections of compound annual growth rates (CAGRs) through 2026
  • Highlights of the market potential for solid oxide fuel cells market, based on application, end-use industry, and region
  • Coverage of history, comparison and characteristics of major fuel cell types and cost analysis of SOFC; and information on recent commercial developments, government initiatives and subsidies
  • Discussion on environmental impact of various types of solid oxide fuel cells
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
  • Comprehensive company profiles of the leading players, including Bloom Energy, Fuji Electric, H2e Power Systems Inc., Mitsubishi Heavy Industries Ltd., Rolls-Royce Fuel Cell Systems and Toyota
Product Code: EGY048E

Table of Contents

Chapter 1 Introduction

  • Study Goals and Objectives
  • Scope of Report
  • What's New in This Update
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • BCC Custom Research
  • Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Overview

  • Technical Overview
  • History of Fuel Cells
  • Hydrogen Fuel Industry
  • Solid Oxide Fuel Cell Background
  • SOFC Materials
  • Recent SOFC Material Developments
  • SOFC Technology: Current and Developmental Configurations
  • Market Overview
  • Value Chain
  • Government Initiatives to Promote Stationary Fuel Cells

Chapter 4 Impact of COVID-19

  • Combined Heat and Power
  • Employment
  • Projects
  • Auxiliary and Backup Power

Chapter 5 Market Breakdown by Application

  • Combined Heat and Power
  • CHP Developments
  • Power Generation
  • Recreational Vehicle Power
  • Anti-Idling APUS
  • Aircraft APUS
  • Marine Vessel APUS
  • Truck APU
  • Portable Power Unit
  • Military Applications
  • Exotic
  • SOEC
  • SOFC-T

Chapter 6 Market Breakdown by End-Use Segment

  • Residential
  • Commercial
  • Military

Chapter 7 Market Breakdown by Region

  • APAC
  • Japan
  • South Korea
  • Rest of APAC
  • North America
  • United States
  • Europe
  • Large-Scale Field Demonstrations
  • Rest of the World

Chapter 8 Industry Structure and Competitive Analysis

  • Competition
  • Conventional Turbine-Based Power Generation
  • Internal Combustion Engines
  • Ultracapacitors
  • Other Fuel Cells
  • Batteries
  • Industry Leaders
  • Market Tiers
  • Leading CHP SOFC Companies
  • Leading SOFC Generator, Remote and APU Companies
  • Leading Military SOFC Companies
  • Leading Portable SOFC Companies
  • Leading Exotic SOFC Companies
  • SOFC Companies that are No Longer Active
  • Channels of Distribution
  • Purchasing Influences
  • Price Influence
  • Price Trends
  • Early SOFC Research
  • Manufacturing Process

Chapter 9 Recent Developments in the SOFC Industry

    • Recent Developments

Chapter 10 Company Profiles

  • ACUMENTRICS HOLDING CORP.
  • ADELAN UK LTD.
  • ALPPS FUEL CELL SYSTEMS
  • ALSTOM TECHNOLOGY
  • ALTAIR NANOTECHNOLOGIES INC.
  • AMERICAN ELEMENTS
  • ARISTON HOLDING N.V.
  • BLASCH PRECISION CERAMICS
  • BLOOM ENERGY
  • BTU INTERNATIONAL INC.
  • BTU CHINA
  • CALIFORNIA INSTITUTE OF TECHNOLOGY (CALTECH)
  • CERAMATEC INC.
  • CERES POWER
  • CHAO ZHOU THREE-CIRCLE (GROUP) CO., LTD.
  • CHUBU ELECTRIC POWER CO., INC.
  • CLARA VENTURE LABS
  • CONVION OY
  • CUMMINS INC.
  • DANA INC.
  • DDI ENERGY
  • DELPHI AUTOMOTIVE
  • DOMINOVAS ENERGY CORP.
  • DOOSAN FUEL CELL
  • EBZ ENTWICKLUNGS
  • EDISON ELECTRIC INSTITUTE
  • ELCOGEN AS
  • EMPRISE CORP.
  • ENERGIENED
  • ENTWICKLUNGS UND VERTRIEBSGESELLSCHAFT BRENNSTOFFZELLE
  • ENRG INC.
  • EZELLERON INC.
  • FEV MOTORENTECHNIK GMBH
  • FIDERIS
  • FORSCHUNGSZENTRUM JULICH
  • FUELCELL ENERGY
  • FUEL CELL TECHNOLOGIES
  • FUJI ELECTRIC
  • FUTURE E FUEL CELL SOLUTIONS GMBH
  • GENERAL ELECTRIC COMPANY
  • GEORGE WESTINGHOUSE RESEARCH AND TECHNOLOGY PARK
  • H2E POWER SYSTEMS INC.
  • HALDOR TOPSOE A/S/TOPSOE FUEL CELL
  • HC STARCK GMBH
  • HOSOKAWA POWDER TECHNOLOGY RESEARCH INSTITUTE
  • ITN ENERGY SYSTEMS INC.
  • K-STYLE ADVANCED CERAMICS CO., LTD.
  • KANSAI ELECTRIC POWER CO., INC.
  • KERAFOL (INELTRO HALMER ELECTRONICS GMBH)
  • LILLIPUTIAN SYSTEMS
  • LOGANENERGY CORP.
  • MATERIALS & SYSTEMS RESEARCH INC.
  • MEIDENSHA CORP.
  • MERIDIAN ENERGY, LTD.
  • MERLONI TERMOSANITARI SPA (ARISTON THERMO GROUP)
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • MONTANA STATE UNIVERSITY
  • NEXCERIS
  • NGIMAT CO.
  • NGK INSULATORS LTD.
  • NIPPON TELEGRAPH & TELEPHONE CORP.
  • NOAH TECHNOLOGIES CORP.
  • ONTARIO POWER GENERATION INC.
  • PLANSEE SE
  • POHANG IRON AND STEEL COMPANY (POSCO)
  • POINT SOURCE POWER INC.
  • PRECISION FLOW TECHNOLOGIES
  • PRESIDIO COMPONENTS INC.
  • RAGAN TECHNOLOGIES INC.
  • ROLLS-ROYCE FUEL CELL SYSTEMS, LTD. (LG FUEL CELL)
  • REDOX POWER SYSTEMS
  • RISO DTU NATIONAL LABORATORY
  • SAFCELL
  • SAINT-GOBAIN
  • SANDVIK
  • SIENERGY SYSTEMS (ALLIED MINDS)
  • SOLIDPOWER
  • STAXERA GMBH (SUNFIRE)
  • SULZER HEXIS AG
  • SUMITOMO CORP.
  • TERMINUS ENERGY INC.
  • TOKYO GAS CO., LTD.
  • TOTO LTD.
  • TOYOTA
  • ULTRA ELECTRONICS AMI
  • UNIVERSITY OF DAYTON RESEARCH INSTITUTE
  • VAILLANT GMBH
  • VERSA POWER SYSTEMS INC.
  • WATT FUEL CELL CORP.
  • WEBASTO AG
  • ZIRCAR ZIRCONIA INC.
  • ZTEK CORP.

Chapter 11 Appendix: Acronyms and Report Sources

List of Tables

  • Summary Table : Global Market for Solid Oxide Fuel Cells, by Scale, Through 2026
  • Table 1 : Hydrogen Production Processes
  • Table 2 : SOFC Comparison with Other Fuel Cells
  • Table 3 : SOFC Anode Frame Cost Summary, 1kW and 5kW, 2017
  • Table 4 : SOFC Anode Frame Cost Summary, 10kW and 25kW, 2017
  • Table 5 : SOFC Cathode Frame Cost Summary, 1kW and 5kW, 2017
  • Table 6 : SOFC Cathode Frame Cost Summary, 10kW and 25kW, 2017
  • Table 7 : Material Properties of Commonly Used SOFC Interconnect Materials
  • Table 8 : SOFC Interconnect Cost Summary, 1kW and 5kW, 2017
  • Table 9 : SOFC Interconnect Cost Summary, 10kW and 25kW, 2017
  • Table 10 : SOFC Gasket Materials
  • Table 11 : SOFC Stack Assembly Cost Summary, 1kW and 5kW, 2017
  • Table 12 : SOFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017
  • Table 13 : SOFC Stack Manufacturing Cost Summary, 10kW and 25kW, 2017
  • Table 14 : Nippon Shokubai Zirconia SOFC Sheet Specifications
  • Table 15 : Specifications for BLOOM Energy Server
  • Table 16 : Technical Data on Key SOFC Configurations
  • Table 17 : Performance Characteristics of Key SOFC Configurations
  • Table 18 : Key Hydrogen and Fuel Cell Initiatives
  • Table 19 : Global SOFC Market, by Application, Through 2026
  • Table 20 : Global Market for SOFC in CHP Applications, by Region, Through 2026
  • Table 21 : Co-Generation Application and Technologies Used
  • Table 22 : Preliminary Technical Targets: 1-kWe to 10-kWe Residential Combined Heat and Power Fuel Cells Operating on Natural Gas, 2008-2020
  • Table 23 : Preliminary Technical Targets: 1-kWe to 10-kWe Fuel Cell Auxiliary Power Units Operating on Standard Ultralow Sulfur Diesel Fuel, 2008-2020
  • Table 24 : Implementation of SOFC Recommendations, by DOE R&D Program
  • Table 25 : Global Market for SOFC in Power Generation Applications, by Region, Through 2026
  • Table 26 : Commercial Vehicle Production, 2020
  • Table 27 : Global Market for SOFC in Portable Power Units, by Region, Through 2026
  • Table 28 : Global Market for SOFC in Exotic Applications, by Region, Through 2026
  • Table 29 : Advantages and Disadvantages of SOFC/mGT Coupling
  • Table 30 : Typical Fuel Cell Applications
  • Table 31 : Global SOFC Market, by End-Use Segment, Through 2026
  • Table 32 : Global Market for SOFC in the Residential Segment, by Region, Through 2026
  • Table 33 : Global Market for SOFC in the Commercial Segment, by Region, Through 2026
  • Table 34 : Global Market for SOFC in the Military Segment, by Region, Through 2026
  • Table 35 : Global SOFC Market, by Region, Through 2026
  • Table 36 : APAC SOFC Market, by Country, Through 2026
  • Table 37 : APAC SOFC Market, by Application, Through 2026
  • Table 38 : APAC SOFC Market, by End-Use Segment, Through 2026
  • Table 39 : Japan ENE-FARM Units Sold
  • Table 40 : SOFC Manufacturers in Japan
  • Table 41 : South Korea's Power Generation Industry
  • Table 42 : Stationary FC Units in China
  • Table 43 : Organizations Involved in SOFC-Related R&D in India
  • Table 44 : North American SOFC Market, by Application, Through 2026
  • Table 45 : North American SOFC Market, by End-Use Segment, Through 2026
  • Table 46 : Stationary Fuel Cell Installations in the USA
  • Table 47 : Fuel Cell-Based CHP Installations in the USA
  • Table 48 : SOFC Manufacturers in the U.S., May 2019
  • Table 49 : Key SOFC Manufacturers in Europe
  • Table 50 : European SOFC Market, by Application, Through 2026
  • Table 51 : European SOFC Market, by End-Use Segment, Through 2026
  • Table 52 : Deployment Plans for FCH Applications of EU Participating Regions
  • Table 53 : ROW SOFC Market, by Application, Through 2026
  • Table 54 : ROW SOFC Market, by End-Use Segment, Through 2026
  • Table 55 : List of Competing Fuel Cells
  • Table 56 : List of Batteries that Can Compete with SOFC
  • Table 57 : List of SOFC Companies and their Status
  • Table 58 : SOFC Company Shipment Status
  • Table 59 : Leading SOFC CHP Companies
  • Table 60 : Leading SOFC Generator, Remote and APU Companies
  • Table 61 : Leading Military SOFC Companies
  • Table 62 : Leading Portable SOFC Companies
  • Table 63 : Leading Exotic SOFC Companies
  • Table 64 : SOFC Companies No Longer Active
  • Table 65 : SOFC Distribution Channels
  • Table 66 : SOFC Purchasing Influences
  • Table 67 : Summary Statistics of Experts' Assessments of SOFC System Cost
  • Table 68 : Summary Statistics of Experts' Assessments of SOFC Stack Cost
  • Table 69 : Recent Developments in the SOFC Market, 2021
  • Table 70 : Publicly Disclosed SOFC Orders and Installations, 2019
  • Table 71 : Bloom Energy: Products Offered
  • Table 72 : Ceres Power: Products Offered
  • Table 73 : Convion OY: SOFC Technology Goals
  • Table 74 : Doosan Fuel Cell: Products Offered
  • Table 75 : Typical Turn-Key SOFC Fuel Cell Test Systems Utilizing the Fideris Innovator Series Modules
  • Table 76 : Hexis Galileo Fuel Cell System
  • Table 77 : Acronyms Used in This Report
  • Table 78 : Report Sources

List of Figures

  • Summary Figure : Global Market for Solid Oxide Fuel Cell, by Scale, 2020-2026
  • Figure 1 : Interconnects in SOFC
  • Figure 2 : Schematic Diagram of SOFC
  • Figure 3 : Plannar SOFC Configuration
  • Figure 4 : Thin-Film SOFC Configuration
  • Figure 5 : Tubular SOFC Configuration
  • Figure 6 : Tubular Cell and Current Path with Siemens Cells Configuration
  • Figure 7 : Tubular Cell and Current Path with a Straight Metal Wire as Current Collector
  • Figure 8 : Current Path in Radial and Axial Direction with a Spring Coil as Current Collector
  • Figure 9 : FuelCell Energy SOFC/T Hybrid System and Torpedo Configuration
  • Figure 10 : Fuel Cell Value Chain
  • Figure 11 : Micro-CHP Value Chain Trend
  • Figure 12 : Large-Scale CHP Value Chain Trend
  • Figure 13 : Overall Impact of COVID-19 on CHP Business
  • Figure 14 : Employees Laid Off or Furloughed Without Pay
  • Figure 15 : Percent of Projects Delayed, for Those Experiencing Delays
  • Figure 16 : Global SOFC Market Share, by Application, 2020
  • Figure 17 : Typical Combustion Engine Based CHP System
  • Figure 18 : Fuel Cell-Based CHP System
  • Figure 19 : SOEC Schematic
  • Figure 20 : Typical SOEC Ecosystem
  • Figure 21 : Basic Concept of Fuel Cell-Gas Turbine Hybrid System
  • Figure 22 : T-SOFC Applications, by Wattage
  • Figure 23 : SOFC Wind Hybrid System
  • Figure 24 : Global SOFC Market Share, by End-Use Segment, 2020
  • Figure 25 : Global Market Share of SOFC in the Residential Segment, by Region, 2020
  • Figure 26 : Global Market Share of SOFC in the Commercial Segment, by Region, 2020
  • Figure 27 : Global Market Share of SOFC in the Military Segment, by Region, 2020
  • Figure 28 : Global SOFC Market, by Region, 2020-2026
  • Figure 29 : APAC SOFC Market, by Country, 2020-2026
  • Figure 30 : APAC SOFC Market Share, by Application, 2020
  • Figure 31 : APAC SOFC Market Share, by Application, 2020
  • Figure 32 : SOFC Unit by Osaka Gas Co., for CHP System
  • Figure 33 : ENE-FARM SOFC-Based Unit Mechanism
  • Figure 34 : ENE-FARM Cost and Subsidies
  • Figure 35 : ENE-FARM Market Look Up, by Type, 2011-2015
  • Figure 36 : SOFC Unit Price, 2011-2019
  • Figure 37 : Strategy and Roadmap of Japan for Hydrogen and Fuel Cells from 2020 to 2030
  • Figure 38 : Cumulative Deployment of Large Scale Stationary Fuel Cells (>200kW) in South Korea
  • Figure 39 : Strategy and Roadmap of South Korea for Hydrogen and Fuel Cells from 2020 to 2035
  • Figure 40 : Fuel Cell Power Generation, by Application, 2019
  • Figure 41 : Project Degradation Mechanism and Long Life Strategy of High Efficiency SOFCs 2018-2023
  • Figure 42 : Cumulative Deployment of Large-Scale Stationary Fuel Cells in the USA, 2007-2017
  • Figure 43 : North American SOFC Market Share, by Application, 2020
  • Figure 44 : North American SOFC Market Share, by End-Use Segment, 2020
  • Figure 45 : Fuel Cell Installations in U.S. as Backup Power, 2016
  • Figure 46 : European SOFC Market Share, by Application, 2020
  • Figure 47 : European SOFC Market Share, by End-Use Segment, 2020
  • Figure 48 : Cumulative Deployment of Large-Scale Stationary Fuel Cells in Europe
  • Figure 49 : ROW SOFC Market Share, by Application, 2020
  • Figure 50 : ROW SOFC Market Share, by End-Use Segment, 2020
  • Figure 51 : Driving Down Costs for Fuel Cells
  • Figure 52 : Experts' Assessment of SOFC System Cost
  • Figure 53 : Experts' Assessment of SOFC Stack Cost
  • Figure 54 : SOFC Manufacturing Tree
  • Figure 55 : SOFC Manufacturing Flow
  • Figure 56 : Bloom Energy: Revenue and Revenue Share, 2020
  • Figure 57 : Doosan Fuel Cell: Revenue, 2019 and 2020
  • Figure 58 : Amperit and Ampergy Powders for Solid Oxide Fuel Cells
  • Figure 59 : TOTO Ltd.: Fuel Cell Design