GLOBAL SOLID OXIDE FUEL CELL MARKET TO REACH $530 MILLION IN 2016
Wellesley, Mass. – In a recent release,
SOLID OXIDE FUEL CELLS: TECHNOLOGIESAND GLOBAL MARKETS (EGY048B)
(www.bccresearch.com), theglobal solid oxide fuel cell (SOFC) market totaled $380 million in 2011, and is expected to holda value of $530 million in 2016, increasing at a five-year compound annual growth rate (CAGR)of 6.9%.The global SOFC market can be broken down by application into three segments – CPUs;generators, remote and auxiliary power units (APUs); and other.The segment made up of CPUs held a value of $140 million in 2011, and is expected to increaseat a CAGR of 9% to reach $215 million in 2016.The segment made up of generators, remote, and APUs held a value of $135 million in 2011, andis expected to increase at a CAGR of 3.3% to reach $159 million in 2016.The segment made up of others was worth $105 million in 2011 and should be worth $156million in 2016, a CAGR of 8.2%.Fuel cells are viewed as potential candidates for auxiliary power, mobile power, stationarydistributed or central power, and portable product power. Solid oxide fuel cells are among themost efficient and cost-effective. Although relatively high operating temperature limits the rangeof applications possible, stationary, mobile, and even portable product configurations arepossible.Advances in the technology have been made, but sometimes these advances reveal even morechallenges to be met. SOFCs have a part in securing energy security for the country, improvingthe environment, greatly reducing urban pollution, and creating jobs in manufacturing as thetechnology advances. They also can provide a cost-effective and performance-driven rival forother fuel cells, batteries, internal-combustion engines, and coal- or oil-fired heat engines.Much of the SOFC growth is a result of combined heat and power (CHP) units, a technology thatevolved from a cogeneration process. There is intense research to perfect ever-smaller SOFCs,which will ultimately be commercialized to power or recharge portable products. SOFCs couldthen begin to displace the immense portable product battery (lithium-ion and nickel metalhydride, for instance).This report is intended to provide a unique analysis of the SOFC market and will be of interest toa variety of current and potential fuel cell users and integrators as well as competing battery, fuelcell, and conventional power generation makers.