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Government Regulations on Clean Air and Strong Investments in Clean Energy Technologies to Drive the Global Solid Oxide Fuel Cells Market


Published: March 2017

REPORT STATISTICS


  • Code: MCP-1819
  • Pages: 179
  • Tables: 25
  • Companies: 35


SOLID OXIDE FUEL CELLS (SOFCS): A RESEARCH BRIEF

The global market for Solid Oxide Fuel Cells (SOFCs) is projected to reach US$1.4 billion by 2022, driven by the ever increasing demand for electricity worldwide and the rising focus on clean energy and renewable energy production. While SOFCs are primarily used for clean electricity generation in large multi-megawatt stationary power plants, continuous technology innovations imparting portable and smart features have also made them suitable for use in small watt-portable applications including battery chargers. The pesky problem of zapped batteries and the resulting quest for more power and less charging is generating strong research interest in the development of silicon-based solid oxide fuel cell for use in portable consumer electronic devices. The numerous benefits offered by the SOFC technology is attracting strong federal funding and venture capital funding. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 9.6% over the analysis period led by huge government support for green energy and financial subsidies for environmental friendly power generation technologies. With progressive refinements in performance and affordability, China and other energy-hungry Asian economies are embracing SOFC technology and are emerging as game changers in the market. 

    Summary of Findings

  • Energy efficient SOFCs Find Mainstream Adoption for Auxiliary Power Generation by Displacing Inefficient Traditional Generators
  • Use of SOFCs in Stationary Power Generation Multi Mega-watt Base Load Power Plants Spur Market Growth
  • Stringent Environmental Regulations and Emission Control Norms Governing the Power and Automobile Sectors Drive Market Growth
  • Environmental Benefits Make SOFCs a Key Beneficiary of New Government Programs to Reduce Dependence on Fossil Fuel Resources
  • Expansion in Application Areas to Transportation, Military and Portable Electronics to Benefit Market Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022

    Geographic Markets Analyzed

  • US, Canada, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World

    Market Segmentation & Classification

  • End-Use Segments:
    • Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Others

MAJOR PLAYERS

  • Adelan Ltd.
  • Atrex Energy, Inc.
  • Bloom Energy Corporation
  • Ceres Power Limited
  • Convion Ltd.
  • Delphi Automotive PLC
  • Elcogen AS
  • FuelCell Energy, Inc

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable