Global market for solid oxide fuel cell (SOFC) was $303 million and $622 million in 2008 and 2012, respectively. 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 temperatures limit the range of applications stationary, mobile and even portable product configurations are possible. This report can provide valuable information in terms of assessing investment in particular technologies and, therefore, should benefit investors directly or indirectly.
This report provides:
Motor vehicles to be second largest fuel cell market. Fuel cells used in motor vehicle applications will account for the next largest share of systems sold in 2022, over 10 percent of the total. These will include not only fuel cell-powered automobiles and buses, but also fuel cell range extenders that are being developed for use in electric vehicles. More significantly, fuel cell systems used in motor vehicle applications will account for just under half of total commercial revenue in 2022.
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