Solid Oxide Fuel Cells (SOFCs)

Global Market Trajectory & Analytics

MCP-1819

EXECUTIVE ENGAGEMENTS

POOL

446
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

89
Interactions with Platform & by Email

PARTICIPANTS

18
Unique # Participated

VALIDATIONS

7
Responses Validated*

COMPANIES

35
Responses Validated*
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DATE

APR 2021

TABLES

57

PAGES

122

EDITION

18

PRICE

USD 5600

CODE

MCP-1819


COMPETITIVE METRICS

COMPANY

D S N T

% *

Adaptive Energy

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Adaptive Materials

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Adelan Ltd.

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Aisin Corporation

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ALMUS AG

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Alpps Fuel Cell Systems GmbH

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Altergy Systems

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Aris Energy Solutions

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Atrex Energy, Inc.

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Bloom Energy Corporation

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SUBMIT
* D = Dominant; S = Strong; N = Niche; T = Trivial
* Validated respondents are incentivized with cluster data
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VIEW ENTIRE POOL OF 35 COMPETITORS

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HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Solid Oxide Fuel Cells (SOFCs) estimated at US$837.3 Million in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2027, growing at a CAGR of 22% over the analysis period 2020-2027. Remote Power & Auxiliary Power Units (APUs), one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Combined Heat & Power (CHP) segment is readjusted to a revised 18.5% CAGR for the next 7-year period.
The Solid Oxide Fuel Cells (SOFCs) market in the U.S. is estimated at US$250.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$589.6 Million by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.6% and 18.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR.
In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$210.5 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$396.6 Million by the year 2027.

SELECT PLAYERS

Adelan Ltd.; Atrex Energy Inc.; Bloom Energy Corporation; Ceramic Fuel Cells Limited; Ceres Power Limited; Convion Ltd.; Elcogen AS; FuelCell Energy, Inc.; Hexis AG; SOLIDpower S.p.A.; Sunfire GmbH; Ultra Electronics Holdings Plc

SEGMENTS

» Application (Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP), Other Applications)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Fuel Cells - A Rudimentary Overview
Recent Market Activity
Solid Oxide Fuel Cells - A Curtain Raiser
Current and Future Analysis
Collaborative Effort - Key to Successful Commercialization
Present Levels of Commercialization
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Adelan Ltd. (UK)
Atrex Energy, Inc. (USA)
Bloom Energy Corporation (USA)
Ceramic Fuel Cells Limited (Australia)
Ceres Power Limited (UK)
Convion Ltd. (Finland)
Elcogen AS (Estonia)
FuelCell Energy, Inc. (USA)
Hexis AG (Switzerland)
SOLIDpower S.p.A. (Italy)
Sunfire GmbH (Germany)
Ultra Electronics Holdings Plc (UK)
3. MARKET TRENDS & DRIVERS
SOFCs Takes on Competition from Market Leader PEMFC Head-On
Growing Focus on Environmental Protection to Drive Adoption of SOFCs in Power & Transportation Sector
Growing Demand for Electricity Driving Demand for SOFCs in Power Sector
SOFCs Gather Momentum in Stationary Cogeneration/CHP Deployments
SOFCs: Ideal for Distributed Power Generation
Growing Focus on Renewable Energy to Add to Market Demand for SOFCs
Positive Outlook for Fuel Cell Integrated Residential CHPs
Efforts in Full Swing to Make SOFC a Mainstream Technology for APU in Automobiles
Factors Indicating Potential Opportunity for SOFCs in Heavy-Duty Trucks and Refrigerated Transport Vehicles
Opportunities in Military & Defense Sector
SOFCs Make Perfect Sense for Mobile Networks
The Role of the Government in Driving the Market’s Future
Favorable Government Policies Remain Critical to Success
Investments Pour In, Promising to Expand the Industry’s Scope
Planar SOFC Remains the Dominant SOFC Technology in the Market
SOFCs: A Technology of Interest to Developed Countries
Japan - A Unique Case of Environment Driven and Energy Driven Market
Developing Nations Set to Follow Developed Markets in Adoption of SOFCs
China on the Verge of a Fuel Cell Boom
Technological Developments Widen Scope of Applications for SOFCs
Technological Innovations Promise to Revolutionize SOFC Manufacturing
Nano Coatings Emerge as Means to Enhance Durability of SOFC
SOFC Demand Not Disruptive to Supplies of Rare Earth Elements
Conventional Power Companies Vie for the SOFC Pie
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
World Current & Future Analysis for Remote Power & Auxiliary Power Units (APUs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Remote Power & Auxiliary Power Units (APUs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Remote Power & Auxiliary Power Units (APUs) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Combined Heat & Power (CHP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Combined Heat & Power (CHP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Combined Heat & Power (CHP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
CANADA
Canada Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
JAPAN
Japan Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
CHINA
China Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
EUROPE
Europe Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
Europe Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
FRANCE
France Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
GERMANY
Germany Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
ITALY
Italy Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Solid Oxide Fuel Cells (SOFCs) by Application - Percentage Breakdown of Value Sales for Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and Other Applications for the Years 2012, 2020 & 2027
Total Companies Profiled: 35

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