Solid Oxide Fuel Cells (SOFCs) - A Global Strategic Business Report

Solid Oxide Fuel Cells (SOFCs) - A Global Strategic Business Report

Global Industry Analysts, Date of Publication: Aug 13, 2014, 174 Pages
US$4,950.00
GIA-MCP1819

Solid Oxide Fuel Cells (SOFCs) Research Study

This report analyzes the worldwide markets for Solid Oxide Fuel Cells (SOFCs) in US$ Thousands. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2012 through 2020. Market data and analytics are derived from primary and secondary research. The report profiles 46 companies including many key and niche players such as -

Acumentrics SOFC
Adelan Ltd.
Bloom Energy Corporation
Ceramic Fuel Cells Ltd.
Convion Ltd.
 

TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. MARKET OVERVIEW                                                    II-1
      Fuel Cells - A Rudimentary Overview                               II-1
       Table 1: Global Fuel Cell Shipments by Geographic Region
       (2013): Breakdown of Number of Unit Shipments for Europe,
       North America, Asia and Rest of World (includes corresponding
       Graph/Chart)                                                     II-2

       Table 2: Global Fuel Cells Market (2013): Percentage Share
       Breakdown of Unit Shipments by End-use Application Segments
       (includes corresponding Graph/Chart)                             II-2

       Table 3: Global Fuel Cells Market (2013E): Breakdown of
       Megawatt Capacity Shipped (In MWs) by End-Use Application
       Segments (includes corresponding Graph/Chart)                    II-3

       Table 4: Global Fuel Cells Market (2013): Percentage Share
       Breakdown of Capacity Shipped by Region (includes
       corresponding Graph/Chart)                                       II-3
       Solid Oxide Fuel Cells - A Curtain Raiser                        II-3
        Collaborative Effort - Key to Successful Commercialization      II-4
        Present Levels of Commercialization                             II-4
       Impact of Economic Turmoil on Fuel Cells Market in the Recent
        Past                                                            II-5
       Outlook                                                          II-6

  2. NOTEWORTHY TRENDS, GROWTH DRIVERS & ISSUES                         II-7
      SOFCs Takes On Competition from Market Leader PEMFC Head On       II-7
      Growing Focus on Environmental Protection to Drive Adoption of
       SOFCs in Power & Transportation Sector                           II-7
      Growing Electricity Consumption and Need to Increase
       Electricity Production Driving Demand for SOFCs in Power
        Sector                                                          II-8
       Table 5: Global Electricity Consumption (2008-2012): Yearly
       Breakdown of Electricity Consumption Volume (in Billion kWh)
       (includes corresponding Graph/Chart)                             II-10

       Table 6: Global Electricity Consumption (2012): Percentage
       Share Breakdown of Estimated Electricity Consumption Volume
       for Select Nations (includes corresponding Graph/Chart)          II-10
       SOFCs Gather Momentum in Stationary Cogeneration/CHP Deployments II-11
       SOFCs: Ideal for Distributed Power Generation                    II-12
       Growing Focus on Renewable Energy to Add to Market Demand for
        SOFCs                                                           II-12
       Positive Outlook for Fuel Cell Integrated Residential CHPs       II-13
      Efforts in Full Swing to Make SOFC a Mainstream Technology for
       APU in Automobiles                                               II-14
       Factors Indicating Potential Opportunity for SOFCs in Heavy-
        Duty Trucks and Refrigerated Transport Vehicles                 II-15
        Growing Production of Commercial Vehicle Production             II-15
         Table 7: Global Commercial Vehicles Market: Compounded
         Annual Growth Rates (in %) for Medium Duty Vehicles and
         Heavy Duty Vehicles by Region/Country for Period 2012-2022
         (includes corresponding Graph/Chart)                           II-16
        Rising Demand for Refrigerated Vehicles                         II-16
         Table 8: Global Market for Road Transport Refrigeration
         Equipment: Annual Sales Figures in US$ Million Years 2010,
         2013 & 2018 (includes corresponding Graph/Chart)               II-17

         Table 9: Global Market for Road Transport Refrigeration
         Equipment: Compounded Annual Growth Rates (in %) of Annual
         Dollar Sales Figures by Country/Region for Period 2010-2018
         (includes corresponding Graph/Chart)                           II-17
      Opportunities in Military & Defense Sector                        II-17
       Table 10: Military Spending in Select Countries (2011 &
       2012): Breakdown of Amount Spent (in US$ Billion) and Rate of
       Growth (%) (includes corresponding Graph/Chart)                  II-18
      Powering Remote Base Stations - An Opportunity for SOFC
       Deployments in Mobile Communications Sector                      II-19
      The Role of the Government in Driving the Market’s Future         II-19
       Favorable Government Policies Remain Critical to Success         II-20
      Investments Pour In, Promising to Expand the Industry’s Scope     II-20
      Planar SOFC Remains the Dominant SOFC Technology in the Market    II-21
      SOFCs: A Technology of Interest to the Developed Countries        II-21
      Developing Nations Set to Follow Developed Markets in Adoption
       of SOFCs                                                         II-22
      Technological Developments Widen Scope of Applications for SOFCs  II-22
      Technological Innovations Promise to Revolutionize SOFC
       Manufacturing                                                    II-22
       Nano Coatings Emerge as Means to Enhance Durability of SOFC      II-23
      SOFC Demand Not Disruptive to Supplies of Rare Earth Elements     II-23
      Conventional Power Companies Vie for the SOFC Pie                 II-24

  3. FUEL CELLS MARKET IN RETROSPECT                                    II-25
      Changing Energy Industry                                          II-25
      Fuel Cells - Evolution                                            II-25
       Recent Surge in Commercialization                                II-25
       Developed Markets at the Vanguard, Emerging Regions Gather Pace  II-26
      Whimsical Visions of an All-Hydrogen Economy Drives Interest
       in Fuel Cells                                                    II-26
      Commercial Portable Fuel Cell Market Wanes                        II-27
      Manufacturers Expand Production Hubs to New Shores                II-27
      Fuel Cell Manufacturers Foray into Newer Segments                 II-28
      Fuel Cell Majors Snap Up Critical Component Vendors               II-28
      Cost: A Herculean Challenge                                       II-28
      Surface Area of Components: A Major Issue                         II-28
      Miniaturization: A Major Challenge in Designing Portable Fuel
       Cells                                                            II-29
      Inadequate Infrastructure & Lack of Customer Confidence           II-29

  4. FUEL CELLS AND SOFCS: A TECHNOLOGY FREEZE FRAME                    II-30
      Evolution of Fuel Cells                                           II-30
      Solid Oxide Fuel Cell (SOFC)                                      II-30
      Comparative Analysis of Fuel Cell Technologies                    II-31
      Technical Features                                                II-31
      Major Application Areas for Various Fuel Cell Technologies        II-31
      Solid Oxide Fuel Cell (SOFC) Technology                           II-32
       Advantages                                                       II-32
       Pollution Index                                                  II-32
       Pitfalls                                                         II-33
        High Manufacturing Costs                                        II-33
        High Operating Temperature                                      II-33
       A Working Model of a SOFC                                        II-33
        1. Reduction of Oxygen into Negatively Charged Oxygen Ions
         (O2-) at Cathode                                               II-33
        2. Conduction Negatively Charged Oxygen Ions Through
         Electrolyte                                                    II-34
        3. Oxidation of Hydrogen at Anode                               II-34
      Architectural Dynamics                                            II-34
      Components of SOFCs                                               II-34
       Cathode                                                          II-34
       Electrolyte                                                      II-35
       Anode                                                            II-35
       Interconnect                                                     II-36
      SOFC Component Materials & Properties                             II-36
       Yttria Stabilized Zirconia                                       II-36
       Nickel                                                           II-36
       Strontium Doped Lanthanum Magnetite                              II-37
       Lanthanum Chromite                                               II-37
      SOFCs: An Evolution Scan                                          II-37
      Types of SOFCs                                                    II-37
       Classification by Design                                         II-37
        Planar SOFCs                                                    II-38
         Electrolyte-Supported Planar SOFCs                             II-38
         Electrode-Supported or Anode-Supported Planar SOFCs            II-38
         Drawbacks                                                      II-38
        Tubular SOFCs                                                   II-38
         What’s More Popular - Planar or Tubular?                       II-39
       Classification by Operating Temperatures                         II-39
        High Temperature SOFCs                                          II-39
         Advantages                                                     II-39
         Disadvantages                                                  II-39
        Intermediate Temperature SOFC                                   II-40
         The Math of Reducing Operating Temperature                     II-40
         Other Implications                                             II-40
         Research Focus                                                 II-41
        Advantages of Reducing Operating Temperatures                   II-41
        Disadvantages of Reducing Operating Temperatures                II-41
      Applications of SOFCs                                             II-42
       Stationary Power Applications                                    II-42
       Standalone Power Generator                                       II-42
       Transportation                                                   II-42
       The PEMFC Edge                                                   II-43
       Mobile Electronic Equipments/Portable Energy Applications        II-43
       Space & Military                                                 II-43
      What Makes SOFCs Such a Cherished Technology?                     II-44
      What’s in the Material?                                           II-44
      Lanthanum Chromite: A Possible Material for Interconnects         II-45
      Solid Oxide Regenerative Fuel Cells (SORFC)                       II-45
      Other Competing Technologies                                      II-45
       Alkaline Fuel Cell (AFC)                                         II-45
       Phosphoric Acid Fuel Cell (PAFC)                                 II-46
       Solid Polymer or Proton Exchange Membrane Fuel Cell (PEM)        II-46
       Direct Methanol Fuel Cell (DMFC)                                 II-46
       Molten Carbonate Fuel Cell (MCFC)                                II-47

  5. RECENT INDUSTRY ACTIVITY                                           II-48
      Bloom Deploys Bloom Energy Servers for Department of Defense      II-48
      Bloom Energy Surcharge Declines for Month of June                 II-48
      Ceres Finalizes Agreement for Collaboration with Cummins Power
       Generation Inc                                                   II-48
      WATT Fuel Cell Corp. Completes Acquisition of Pittsburgh
       Electric Engines, Inc.                                           II-48
      FuelCell Energy Publicizes SOFC Updates                           II-48
      WATT Fuel Cell and Parker Hannifin Finalize Strategic
       Licensing and Supply Agreement in Order to Commercializing
        SOFC Systems                                                    II-48
      NIMTE Unveils SOFC Single Stack Module                            II-49
      FuelCell Energy Demonstrates Biogas Fuelled SOFC Power Plant      II-49
      Bloom Energy Introduces Fuel Cell Leasing Facility                II-49
      Redox to Introduce Compact Cost - Effective Fuel Cell Units       II-49
      FCO Power Announces Successful Development of Cost-Effective,
       High- Power Density, SOFC Stack                                  II-49
      FuelCell Energy Wins DOE Contract                                 II-49
      ALMUS AG Introduces Kit for SOFC Demonstration                    II-49
      Parker Deploys First Propane-Powered SOFC Unit                    II-49
      CFCL Introduces Easy Financing Scheme for BlueGen fuel cell
       system                                                           II-50
      Bloom Energy Starts Fuel Cell Manufacturing Operations in
       Delaware                                                         II-50
      Through Joint Venture Bloom Energy to Foray into Japanese Market  II-50
      Bloom Energy Deploys Japan’s First Bloom Energy Server            II-50
      Solid Oxide Fuel Cell Developer Staxera and Sunfire Complete
       Merger                                                           II-50
      Convion Oy Continues Wartsila’s Fuel Cell Development Activities  II-50
      JX Nippon Oil Partners with Lixil to Market Fuel Cells as well
       as Other Energy Conservation Products for Residential Use        II-50
      Rochester Institute of Technology Acquires Optomec Aerosol Jet
       System.                                                          II-50
      FuelCell Energy Completes Acquisition of Versa Power Systems      II-51
      MHI to Develop SOFC Based Triple Combined Cycle Power
       Generation System                                                II-51
      SK GROUP Signs Memorandum Of Understanding with TOPSOE FUEL CELL  II-51
      DDI Energy Inc Introduces ARC series of SOFC                      II-51
      Kyocera Completes Co-development of SOFC Based Co-Generation
       System                                                           II-51
      GreenCell, Inc. Unveils New Fuel Cell Stack Design
       Incorporating UltraTemp-C                                        II-51
      Werdohl, Germany, ThyssenKrupp VDM and Julich Research Center,
       Germany Collaborate to Develop Innovative Alloy For SOFC
        Applications                                                    II-51

  6. FOCUS ON SELECT GLOBAL PLAYERS                                     II-52
      Acumentrics SOFC (USA)                                            II-52
      Adelan Ltd. (UK)                                                  II-52
      Bloom Energy Corporation (USA)                                    II-52
      Ceramic Fuel Cells Ltd. (Australia)                               II-53
       Ceres Power Limited (UK)                                         II-53
      Convion Ltd. (Finland)                                            II-53
      Delphi Automotive PLC (USA)                                       II-54
      Elcogen AS (Estonia)                                              II-54
      FuelCell Energy, Inc. (USA)                                       II-55
       Versa Power Systems, Inc. (USA)                                  II-55
      Hexis AG (Germany)                                                II-55
      NexTech Materials Ltd (USA)                                       II-56
      Protonex Technology Corporation (USA)                             II-56
      Rolls-Royce plc (UK)                                              II-57
      Sunfire GmbH (Germany)                                            II-57
      Topsoe Fuel Cell A/S (Denmark)                                    II-57
      Toto Ltd. (Japan)                                                 II-58
      Ultra Electronics AMI (USA)                                       II-58
      Ztek Corporation (USA)                                            II-58

  7. GLOBAL MARKET PERSPECTIVE                                          II-59
      Table 11: World Recent Past, Current & Future Analysis for
      Solid Oxide Fuel Cells (SOFCs) by Geographic Region - US,
      Canada, Europe, Asia-Pacific and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Thousand
      for Years 2012 through 2020 (includes corresponding
      Graph/Chart)                                                      II-59

      Table 12: World 9-Year Perspective for Solid Oxide Fuel Cells
      (SOFCs) by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Europe, Asia-Pacific and Rest of
      World Markets for Years 2012, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-60

      Table 13: World Recent Past, Current & Future Analysis for
      Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power &
      Auxiliary Power Units (APUs), Combined Heat & Power (CHP) and
      Others Markets Independently Analyzed with Annual Revenues in
      US$ Thousand for Years 2012 through 2020 (includes
      corresponding Graph/Chart)                                        II-61

      Table 14: World 9-Year Perspective for Solid Oxide Fuel Cells
      (SOFCs) by Application - Percentage Breakdown of Revenues for
      Remote Power & Auxiliary Power Units (APUs), Combined Heat &
      Power (CHP) and Others Markets for Years 2012, 2014 & 2020
      (includes corresponding Graph/Chart)                              II-62


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        Market Drivers In a Capsule                                     III-1
        Market Inhibitors In a Capsule                                  III-1
        Major Trends                                                    III-2
         Stationary Power Application: The Largest End-Use Market       III-2
         SOFC: Popular With Traditional Power Giants                    III-2
         SOFC Benefits from the Power Hungry Population                 III-2
         Clampdown on Pollution Encourages Technological Shift          III-3
         Government Backing Speeds Up Commercialization Process         III-3
         Strong Economy Leads to Faster Penetration/Adaptation          III-3
         The Shadow of Competition Grows Longer                         III-3
         An Unstructured Retail Space                                   III-4
          Major Programs for Fuel Cell and Hydrogen Storage at a Glance III-4
          SECA: A Unique Initiative                                     III-5
           Core Technology Program Members of SECA SOFC Program         III-5
          US DOE Cuts Spending on Fuel Cell Research                    III-6
        Recent Industry Activity                                        III-7
        Key Players                                                     III-9
      B.Market Analytics                                                III-13
        Table 15: US Recent Past, Current & Future Analysis for
        Solid Oxide Fuel Cells (SOFCs) Market Analyzed with Annual
        Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-13

  2. CANADA                                                             III-14
      A.Market Analysis                                                 III-14
        Outlook                                                         III-14
        Major Programs for Fuel Cell and Hydrogen Storage at a Glance   III-14
        Recent Industry Activity                                        III-14
      B.Market Analytics                                                III-15
        Table 16: Canadian Recent Past, Current & Future Analysis
        for Solid Oxide Fuel Cells (SOFCs) Market Analyzed with
        Annual Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-15

  3. EUROPE                                                             III-16
      A.Market Analysis                                                 III-16
        Outlook                                                         III-16
        A Primer                                                        III-16
        Major Programs Taken Up for Fuel Cell and Hydrogen Storage
         Over the Years at a Glance                                     III-16
        Major Trends                                                    III-17
         Stationary SOFC Systems on the Upward Trajectory               III-17
         High Costs: A Major Issue                                      III-18
         Mixed Results for Micro-CHPs in Europe                         III-18
      B.Market Analytics                                                III-19
        Table 17: European Recent Past, Current & Future Analysis
        for Solid Oxide Fuel Cells (SOFCs) by Geographic Region -
        France, Germany, Italy, UK, and Rest of Europe Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2012 through 2020 (includes corresponding
        Graph/Chart)                                                    III-19

        Table 18: European 9-Year Perspective for Solid Oxide Fuel
        Cells (SOFCs) by Geographic Region - Percentage Breakdown of
        Revenues for France, Germany, Italy, UK, and Rest of Europe
        Markets for Years 2012, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-20

  3a. FRANCE                                                            III-21
      A.Market Analysis                                                 III-21
        Outlook                                                         III-21
      B.Market Analytics                                                III-21
        Table 19: French Recent Past, Current & Future Analysis for
        Solid Oxide Fuel Cells (SOFCs) Market Analyzed with Annual
        Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-21

  3b. GERMANY                                                           III-22
      A.Market Analysis                                                 III-22
        Outlook                                                         III-22
        Major Programs for Fuel Cell and Hydrogen Storage at a Glance   III-22
        Snapshot of Germany’s Callux Micro-CHP Field Trial              III-22
        Recent Industry Activity                                        III-22
        Key Players                                                     III-23
      B.Market Analytics                                                III-24
        Table 20: German Recent Past, Current & Future Analysis for
        Solid Oxide Fuel Cells (SOFCs) Market Analyzed with Annual
        Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-24

  3c. ITALY                                                             III-25
      A.Market Analysis                                                 III-25
        Outlook                                                         III-25
      B.Market Analytics                                                III-25
        Table 21: Italian Recent Past, Current & Future Analysis for
        Solid Oxide Fuel Cells (SOFCs) Market Analyzed with Annual
        Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-25

  3d. THE UNITED KINGDOM                                                III-26
      A.Market Analysis                                                 III-26
        Outlook                                                         III-26
        Major Programs for Fuel Cell and Hydrogen Storage at a Glance   III-26
        Recent Industry Activity                                        III-26
        Key Players                                                     III-26
      B.Market Analytics                                                III-28
        Table 22: UK Recent Past, Current & Future Analysis for
        Solid Oxide Fuel Cells (SOFCs) Market Analyzed with Annual
        Revenues in US$ Thousand for Years 2012 through 2020
        (includes corresponding Graph/Chart)                            III-28

  3e. REST OF EUROPE                                                    III-29
      A.Market Analysis                                                 III-29
        Outlook                                                         III-29
        Major Programs for Fuel Cell and Hydrogen Storage at a Glance   III-29
        Recent Industry Acivity                                         III-29
        Key Players                                                     III-29
      B.Market Analytics                                                III-31
        Table 23: Rest of Europe Recent Past, Current & Future
        Analysis for Solid Oxide Fuel Cells (SOFCs) Market Analyzed
        with Annual Revenues in US$ Thousand for Years 2012 through
        2020 (includes corresponding Graph/Chart)                       III-31

  4. ASIA-PACIFIC                                                       III-32
      A.Market Analysis                                                 III-32
        Asia Pacific Fuel Cell Market Set for Stellar Growth            III-32
        Japanese Market - A Primer                                      III-32
         SOFC Market Drivers in Japan                                   III-32
         History of Fuel Cell Innovation in Japan                       III-33
         Bird’s Eye View of Government’s Fuel Cell Projects             III-33
          NEDO’s SOFC Initiatives                                       III-33
           SOFC Types Under Development in NEDO Program                 III-34
           Table 24: SOFC Unit Installations Completed Under NEDO
           Program                                                      III-34
          ENE-FARM Project                                              III-35
           Table 25: Japanese Government Subsidies for ENE-FARM
           Residential CHP Unit Installations (2009-2012) (includes
           corresponding Graph/Chart)                                   III-35
          Major Programs for Fuel Cell and Hydrogen Storage at a Glance III-36
         Market Trends                                                  III-36
          Sales of Micro-CHPs Surge in Japan Following Tsunami          III-36
          DRSOFC’s Residential SOFC Units Slow to Take off              III-36
          Kyushu - Japan’s Fuel Cell Center                             III-37
          Japan Lures Foreign Investments                               III-37
        South Korea                                                     III-38
         South Korean Government Nurtures Fuel Cell Economy             III-38
         Green Home Project                                             III-38
         Fuel Cell Technology Development Roadmap                       III-38
         Other Government Programs                                      III-39
        Chinese Market - A Review                                       III-39
         Chinese Fuel Cell & Hydrogen Economy Yet to Bloom              III-39
         Chinese Telecom Backup Market - A Hotspot for Fuel Cells       III-40
         Government Programs Over the Years                             III-40
        India - Moving Towards Fuel Cell Technology                     III-40
        Australia                                                       III-41
        Recent Industry Activity                                        III-41
        Key Players                                                     III-42
      B.Market Analytics                                                III-44
        Table 26: Asia-Pacific Recent Past, Current & Future
        Analysis for Solid Oxide Fuel Cells (SOFCs) Market Analyzed
        with Annual Revenues in US$ Thousand for Years 2012 through
        2020 (includes corresponding Graph/Chart)                       III-44

  5. REST OF WORLD                                                      III-45
      A.Market Analysis                                                 III-45
        A Primer                                                        III-45
        Outlook                                                         III-45
         Africa                                                         III-45
        Major Programs for Fuel Cell and Hydrogen Storage at a Glance   III-45
         Rising Adoption of Fuel Cell Technology in the Middle East     III-45
      B.Market Analytics                                                III-46
        Table 27: Rest of World Recent Past, Current & Future
        Analysis for Solid Oxide Fuel Cells (SOFCs) Market Analyzed
        with Annual Revenues in US$ Thousand for Years 2012 through
        2020 (includes corresponding Graph/Chart)                       III-46


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 46 (including Divisions/Subsidiaries - 46)

     The United States (19)
     Canada (3)
     Japan (5)
     Europe (17)
     - Germany (2)
     - The United Kingdom (4)
     - Italy (1)
     - Rest of Europe (10)
     Asia-Pacific (Excluding Japan) (2)
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Date of Publication:
Aug 13, 2014
Number of Pages:
174 Pages
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