Market Research Report
Fuel cell for power generation technical trend and market forecast
|Published by||SNE Research||Product code||612447|
|Published||Content info||241 Pages
Delivery time: Inquiry
|Fuel cell for power generation technical trend and market forecast|
|Published: March 21, 2018||Content info: 241 Pages||
Fuel cells are referred to an environmentally friendly next-generation power generating device, in which chemical energy of a substance is converted to electric energy through electrochemical reactions. While the conventional thermal engine depending on the Carnot cycle has an upper limit of 30% in energy efficiency, fuel cells are free from any efficiency limit and environmental concerns (e.g., water pollution), allowing a highly efficient and clean power generation.
Common fuel cells are categorized into alkaline fuel cells (AFC), polymer electrolyte membrane fuel cells (PEMFC), molten carbonate fuel cells (MCFC), phosphoric acid fuel cells (PAFC), and solid oxide fuel cells (SOFC), and the characteristics of each fuel cell determine its application. PEMFCs operate at low temperatures and can be used for transportation and small-scale distributed power generation in the residential and commercial building. The primary applications of MCFCs and PFFCs are distributed power generation and large-scale power generation. SOFCs operate at high temperatures and target markets for residential applications and distributed power generation.
Although the structure of a fuel cell system varies depending on the type and application of the fuel cell, most fuel cells have two common components, stacks and balance of plant (BOP) which together generate an electric current from supplied fuels and oxidants. A stack is the core component of fuel cells. Stack material, manufacturing process, design and fabrication technology have significant impacts on the performance and durability of fuel cells. BOP, which is also dependent on the fuel cell system, consists of mechanical BOP (MBOP) and electrical BOP (EBOP). Since the same parts can be used for these BOPs, development of shared parts can lower the price of fuel cell products. Most fuel cells use hydrogen as the fuel. Therefore, the development of hydrogen fuel technology accounts for a large part of fuel cell development.
The fuel cell market for power generation would benefit persistent and aggressive investments on R&D, and the market size is projected to record a rapid growth from $3.1 billion in 2012 to $21.3 billion by 2020.
This report describes the technology issues, element technology, technology development trends, and patent trends of hydrogen fuel cells used for power generations.
The strong points of this report are as follows: