- The global solid oxide fuel cell market in 2011 will be worth more than $380 million, up from $360 million in 2010. This will result in a $530 million global market in 2016, a compound annual growth rate (CAGR) of 6.9% between 2011 and 2016 under a consensus scenario.
- The market for CPUs is valued at $140 million in 2011 and is forecast to rise to almost $215 million by 2016, reflecting a CAGR of 9%.
- The total market for generators, remote and APUs is likely to increase from $135 million in 2011 to approximately $159 million in 2016, a CAGR of 3.3%.
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INTRODUCTION
STUDY GOALS AND OBJECTIVES
Fuel cells are viewed as potential candidates for auxiliary power, mobile power, stationary distributed or central power, and portable product power. Solid oxide fuel cells (SOFCs) are among the most efficient and cost-effective. Although relatively high operating temperature limits the range of applications possible, stationary, mobile, and even portable product configurations are possible.
Advances in the technology have been made, but sometimes these advances reveal even more challenges to be met. Slowly, there is the realization that total dependency on hydrocarbon fuels is not a viable economic option. SOFCs have a part in securing energy security for the country, improving the environment, greatly reducing urban pollution, and creating jobs in manufacturing as the technology advances. 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 SOFC, a technology offering the promise of greatly reduced environmental impact and excellent performance, price, and efficiency advantages. Recent historic developments and approaches are described along with recent commercial developments and the state of the art.
REASONS FOR DOING THE STUDY
This report can also provide 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.
INTENDED AUDIENCE
This report is intended to provide a unique analysis of the SOFC market and will be of interest to a variety of current and potential fuel cell users and integrators as well as competing battery, fuel cell, and conventional power generation makers.
BCC Research wishes to thank those companies, government agencies, and university researchers that contributed information for this report.
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