Abstract
Summary
Market Dynamics
North America region, in particular, is estimated to witness large growth potential for solid oxide fuel cells owing to increased pressure on private energy producers in the reduction of carbon footprints. Also, massive investment in clean energy is giving a boost to the solid oxide fuel cell market in the region especially in U.S. and Canada
• In 2019, California state of U.S. announced a new program under name “SelfGeneration Incentive Program (SGIP)” with a budget of US$ 566 Million to produce and distribute electricity through fuel cell technology
• Japan is one of the largest consumers of solid oxide fuel cells in the Asia-pacific region and the country initiated a program under the name “Ene farm program.” Under this program, the country will establish fuel cell systems for micro-CHP application with 1.4 Million Units by 2020 and 5.3 Million Units by 2030
• Bloom Energy, Aisin Seiki Co., Ltd., and Mitsubishi Heavy Industries, Ltd. are some of the key players in the global solid oxide fuel cell market Increasing Demand for Energy Efficient Power Generation.
Solid Oxide Fuel Cell Market Segmentation Analysis
Planar holds the largest share globally owing to the high demand for planar in power generation. The Planar SOFC has a sandwich-type design in which ceramic fuel cells modules are stacked one above another and the electrolyte is inserted between the electrode
The planar SOFC has high energy efficiency and low power losses during usage making its ideal form of fuel cell In September 2020, S. Department of Energy awarded a new project to exercise worth US$ 3 Million for a reversible solid oxide cell (RSOC). The project aims to commercialize small-scale solid oxide hybrid power systems using solid oxide cells for hydrogen production and power generation
➢ In 2018, Korea Southeast Power Company installed an 8.35 MW planar
SOFC in Bundang-gu area. The project was completed by Bloom Energy
Solid Oxide Fuel Cell Market Geographical Share
Europe evolved as one of the leading markets for solid oxide fuel cell market with a share of nearly XX% of the global sales revenue in 2019
Europe is far behind North America and Asia-pacific but getting streamlined with increased investments in solid oxide fuel cells Germany is the single largest market both in terms of production and consumption of solid oxide fuel cells owing to the demand power generation industry. UK and France are also key consumers of solid oxide fuel cell
In 2016, a program named “PACE program” was initiated in the region to adopt fuel cells for utilization in micro-CHP systems in Europe. Germany was the first country to adopt the program and implement supporting policies and subsidies
As per IEQ, world energy demand increased by 2.3% in 2019 from 2018. Out of the new demand, natural gas contributed to over 45% of additional energy production globally making it the most lucrative option in the future. The majority of natural gas additional demand arose in the United States, India, and China • The Government of India aims to increase the share of natural gas in energy production from 6% in 2019 to 15% by 2030 which is a major boost for the SOFC market • India has made significant progress towards meeting the United Nations Sustainable Development Goals, particularly Goal 7 in delivering energy access. Both energy & emission intensities of India’s GDP decreased by over 20% between 2010 and 2019 which represents massive progress. In 2019, per capita emissions in India stood at 1.6 tons of CO2 which is way below the global average of 4.4 tons and its share of global total CO2 emissions is around 6.4% • India has taken major steps towards improvement of energy efficiency, which resulted in a reduction of energy demand by 15% (in terms of coal energy demand and energy losses) and stopped 300 million tons of CO2 in entering the atmosphere between 2000 and 2018, according to IEA.for the installation of solid oxide fuel cell in the country because of which Germany became a pioneer in the region in solid oxide fuel cell market.
Table of Contents
1 Methodology and Scope
1.1 Research Methodology
1.2 Research Objective and Scope of the Report
2 Market Definition and Overview
3 Executive Summary
3.1 Market Snippet by Type
3.2 Market Snippet by Technology
3.3 Market Snippet by Electrolyte Type
3.4 Market Snippet by Capacity
3.5 Market Snippet by Fuel Fuel
3.6 Market Snippet by Application
3.7 Market Snippet by End User
3.8 Market Snippet by Region
4 Market-Dynamics
4.1 Market Impacting Factors
4.2 Drivers
4.3 Restraints
4.4 Opportunity
4.5 Impact Analysis
4.6 Trends
5 Industry Analysis
5.1 Porter's Five Forces Analysis
5.2 Regulatory Analysis
5.3 Covid-19 Analysis
5.3.1 Analysis of Covid-19 on the Market
6 By Type
6.1 Introduction
6.1.1 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, By Type
6.1.2 Market Attractiveness Index, By Type
6.2 Planar *
6.2.1 Introduction
6.2.2 Market Size Analysis, USD Million, 2017-2026 and Y-o-Y Growth Analysis (%), 2019-2027
6.3 Tubular
7 By Technology
7.1 Introduction
7.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
7.1.2 Market Attractiveness Index, By Technology
7.2 Solid Oxide Fuel Cell (SOFC) above 800°C*
7.2.1 Introduction
7.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
7.3 Intermediate Temperature Solid Oxide Fuel Cell (IT-SOFC) between 500°C-800°C
8 By Electrolyte Type
8.1 Introduction
8.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Electrolyte Type
8.1.2 Market Attractiveness Index, By Electrolyte Type
8.2 Polymer Electrolyte*
8.2.1 Introduction
8.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
8.3 Solid Ceramic Electrolyte
8.4 Others
9 By Capacity
9.1 Introduction
9.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Capacity
9.1.2 Market Attractiveness Index, By Capacity
9.2 Less Than 20 mAh*
9.2.1 Introduction
9.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
9.3 20-500 mAh
9.4 More than 500 mAh
10 By Fuel
10.1 Introduction
10.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel
10.1.2 Market Attractiveness Index, By Fuel
10.2 Hydrogen*
10.2.1 Introduction
10.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
10.3 Biogas
10.4 Ethanol
10.5 Methanol
10.6 Propane
10.7 Methane
10.8 Others
11 By Application
11.1 Introduction
11.1.1 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, By Application
11.1.2 Market Attractiveness Index, By Application
11.2 Stationary**
11.2.1 Introduction
11.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
11.3 Transportation
11.4 Portable
12 By End User
12.1 Introduction
12.1.1 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, By End User
12.1.2 Market Attractiveness Index, By End User
12.2 Power Generation*
12.2.1 Introduction
12.2.2 Market Size Analysis, US$ Million, 2022-2029 and Y-o-Y Growth Analysis (%), 2021-2029
12.3 Residential and Commercial
12.4 Military
12.5 Retail
12.6 Data Center
12.7 Combined Heat and Power
12.8 Others
13 By Region
13.1 Introduction
13.1.1 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029,By Region
13.1.2 Market Attractiveness Index, By Region
13.2 North America
13.2.1 Introduction
13.2.2 Key Region-Specific Dynamics
13.2.3 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Type
13.2.4 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Technology
13.2.5 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Electrolyte Type
13.2.6 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Capacity
13.2.7 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Fuel
13.2.8 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Application
13.2.9 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by End User
13.2.10 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Country
- 13.2.10.1 U.S
- 13.2.10.2 Canada
- 13.2.10.3 Mexico
13.3 Europe
13.3.1 Introduction
13.3.2 Key Region-Specific Dynamics
13.3.3 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Type
13.3.4 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Technology
13.3.5 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Electrolyte Type
13.3.6 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Capacity
13.3.7 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Fuel
13.3.8 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Application
13.3.9 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by End User
13.3.10 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Country
- 13.3.10.1 Germany
- 13.3.10.2 U.K
- 13.3.10.3 France
- 13.3.10.4 Russia
- 13.3.10.5 Rest of Europe
13.4 South America
13.4.1 Introduction
13.4.2 Key Region-Specific Dynamics
13.4.3 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Type
13.4.4 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Technology
13.4.5 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Electrolyte Type
13.4.6 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Capacity
13.4.7 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Fuel
13.4.8 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Application
13.4.9 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by End User
13.4.10 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Country
- 13.4.10.1 Brazil
- 13.4.10.2 Argentina
- 13.4.10.3 Rest of South America
13.5 Asia-Pacific
13.5.1 Introduction
13.5.2 Key Region-Specific Dynamics
13.5.3 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Type
13.5.4 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Technology
13.5.5 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Electrolyte Type
13.5.6 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Capacity
13.5.7 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Fuel
13.5.8 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Application
13.5.9 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by End User
13.5.10 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Country
- 13.5.10.1 China
- 13.5.10.2 India
- 13.5.10.3 Japan
- 13.5.10.4 Australia
- 13.5.10.5 Rest of Asia-Pacific
13.6 Middle East and Africa
13.6.1 Introduction
13.6.2 Key Region-Specific Dynamics
13.6.3 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Type
13.6.4 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Technology
13.6.5 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Electrolyte Type
13.6.6 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Capacity
13.6.7 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Fuel
13.6.8 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by Application
13.6.9 Market Size Analysis, US$ Million, 2018-2027 and Y-o-Y Growth Analysis (%), 2022-2029, by End User
14 Competitive Landscape
14.1 Competitive Scenario
14.2 Market Positioning/Share Analysis
14.3 Mergers and Acquisitions Analysis
15 Company Profiles
15.1 Bloom Energy *
15.1.1 Company Overview
15.1.2 Type Portfolio and Description
15.1.3 Key Highlights
15.1.4 Financial Overview
15.2 Mitsubishi Heavy Industries, Ltd
15.3 Ceres Power Holdings plc
15.4 Atrex Energy, Inc
15.5 Watt Fuel Cell Corporation
15.6 Aisin Seiki Co., Ltd
15.7 Ensol Systems Inc
15.8 ZTEK Corporation, Inc
15.9 Nexceris
15.10 KERAFOL Keramische Folien GmbH
15.11 Others (*List is not exhaustive)
16 DataM
16.1 Appendix
16.2 About Us and Services
16.3 Contact Us