LONDON, July 11, 2016 /PRNewswire/ -- This BCC Research report provides a unique analysis of the SOFC market. It analyzes components of the solid oxide fuel cellâ€"a technology offering the promise of greatly reduced environmental impact and excellent performance, price, fuel flexibility and efficiency advantages. Forecast given for the period 2015-2020.
Use this report to:
Receive information about the North American, European, Far Eastern, and Rest-of-World solid oxide fuel cell (SOFC) market values.
Gain insight into materials, typical configurations, applications and the impact of legislation.
Learn about the competition to SOFCs from existing and other developing energy generation technologies.
The global market for solid oxide fuel cells (SOFC) totaled $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.
Generators, remote and APU applications of this market are expected to grow from $260 million in 2015 to $410 million in 2020 at a CAGR of 9.5% for the period 2015-2020.
Combined heat and power (CHP) applications of this market will grow from $240 million in 2015 to $550 million in 2020 at a CAGR of 18% for the period 2015-2020.
STUDY GOALS AND OBJECTIVES
Fuel cells are viewed as potential candidates for auxiliary power, combined heat and power units, mobile power, stationary distributed or central power and portable product power. Solid oxide fuel cells (SOFCs) are among the most efficient and cost-effective sources of power. Although relatively high operating temperatures limit the range of applications, stationary, mobile and even portable product configurations are possible. They can also provide a cost-effective and performance-driven rival for other fuel cells, batteries, internal combustion engines and coal- or oil-fired heat engines.
This study analyzes components of the solid oxide fuel cell—a technology offering the promise of greatly reduced environmental impact and excellent performance, price, fuel flexibility and efficiency advantages. Technology, applications, players and recent commercial developments are described in this study.
REASONS FOR DOING THE STUDY
This report provides 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.
SCOPE OF REPORT
This report discusses the North American, European, Far Eastern and Rest-of-Worldmarket 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).
Portable product power.
SOFC companies are listed and their detailed profiles are discussed in the Company Profiles chapter.
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