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
*Engagement stats are ongoing and dynamic
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
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 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 |
| III. MARKET ANALYSIS |
| 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 |
| IV. COMPETITION |
| Total Companies Profiled: 35 |
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