Published July 2023 | 157 pages, 19 tables, 15 figures | Download table of contents
Solid oxide fuel cells (SOFCs) are commercially developed due to their high efficiencies in converting chemical energy to electricity as well as their flexibility in utilizing existing fuel infrastructure as well as a range of fuels such as ammonia, methane and biofuels. In recent years there has been increasing deployment of commercial systems ranging from stationary to transport applications.
As part of the global drive for low or zero-emission power generation, Solid Oxide Fuel Cell (SOFC) technology has the potential for broad market penetration. Fuel flexibility makes SOFCs independent from pure hydrogen feeding, since hydrocarbons can be fed directly to the SOFC and then converted to a hydrogen rich stream by the internal thermochemical processes. SOFCs are also able to convert carbon monoxide electrochemically, thus contributing to energy production together with hydrogen, and can be supplied with biofuels, especially biogas and syngas, so that biomass gasifiers/SOFC integrated systems contribute to the “waste to energy” chain with a significant reduction in pollution.
Report contents include:
- Technology analysis including comparison to other types, advantages and disadvantages, components and materials, fuels for SOFCs, Solid Oxide Electrolyzer Cells (SOECs), Low-temperature solid oxide fuel cells (LT-SOFCs).
- Historical market for SOFCs and ten year forecasts, segmented by, end use market, megawatt demand and revenues.
- SWOT analysis of SOFC market.
- Market map.
- Regional market analysis.
- Market trends, challenges and drivers.
- Competitive landscape analysis.
- Markets for Solid Oxide Fuel Cells including:
- Commercial and industrial.
- Vehicles.
- Marine.
- Residential.
- Recent market developments and innovations.
- SOFC installations, current and projected.
- Analysis of SOFCs role in cutting emissions.
- 53 company profiles. Company profiles include, products, target markets, stage of commercialization, funding, commercial agreements and collaborations. Companies profiled include Alma Clean Power, Bloom Energy, Bosch, Ceres Power, Cummins, Denso Corporation, FuelCell Energy, Mitsubishi Power, OxEon Energy, Osaka Gas and SolydEra SpA.
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1 INTRODUCTION
- 1.1 What are fuel cells? 9
- 1.2 Overview of Solid Oxide Fuel Cells 10
- 1.2.1 Why are SOFCs needed? 12
- 1.2.2 Advantages over conventional power 14
- 1.2.3 Benefits and applications 16
- 1.2.4 Components and materials 17
- 1.2.4.1 Anode 17
- 1.2.4.2 Electrolyte 18
- 1.2.4.3 Cathode 19
- 1.2.4.4 Interconnects 20
- 1.2.4.5 Other 20
- 1.2.5 Fuels for SOFCs 21
- 1.2.5.1 Hydrogen 24
- 1.2.5.2 Natural Gas 25
- 1.2.5.3 Biogas 26
- 1.2.5.4 Ammonia 27
- 1.2.5.5 Propane 28
- 1.2.5.6 Gasoline 29
- 1.2.5.7 Diesel 29
- 1.2.5.8 Coal Syngas 30
- 1.2.5.9 Biodiesel 31
- 1.2.5.10 E-fuels 32
- 1.2.6 Comparative analysis of fuels for SOFCs 33
- 1.3 Comparison to other fuel cell types 36
- 1.3.1 PEMFC 37
- 1.3.2 Alternative fuel cell technologies 40
- 1.4 Solid Oxide Electrolyzer Cells (SOECs) 40
- 1.4.1 Overview 41
- 1.4.2 Advantages and disadvantages 42
- 1.4.3 Market 43
- 1.5 Low-temperature solid oxide fuel cells (LT-SOFCs) 44
- 1.5.1 Overview 44
- 1.5.2 Advantages and disadvantages 45
- 1.5.3 Market prospects 46
2 THE GLOBAL MARKET FOR SOLID OXIDE FUEL CELLS
- 2.1 Market drivers and trends 47
- 2.2 Market challenges 48
- 2.3 SWOT analysis 49
- 2.4 Stationary vs portable SOFCs 50
- 2.5 Recent market developments and investments 51
- 2.6 Market map 54
- 2.7 Competitive landscape 55
- 2.7.1 Key market players 55
- 2.7.2 Future costs 57
- 2.7.3 Recent innovation 60
- 2.8 Commercial and industrial (C&I)- distributed power generation, microgrids, data centers, and retail 61
- 2.8.1 Motivation for use 62
- 2.8.2 Applications 63
- 2.8.3 Market players 65
- 2.8.4 Fuel choices 66
- 2.8.5 Market challenges 68
- 2.9 Vehicles 69
- 2.9.1 Motivation for use 70
- 2.9.2 Applications 71
- 2.9.3 Market players 73
- 2.9.4 Fuel choices 74
- 2.9.5 Market challenges 76
- 2.10 Marine 78
- 2.10.1 Motivation for use 79
- 2.10.2 Applications 80
- 2.10.3 Market players 82
- 2.10.4 Fuel choices 84
- 2.10.5 Market challenges 85
- 2.11 Residential 87
- 2.11.1 Motivation for use 88
- 2.11.2 Applications 89
- 2.11.3 Market players 91
- 2.11.4 Fuel choices 92
- 2.11.5 Market challenges 92
- 2.12 Future market outlook 94
3 GLOBAL SOFC MARKET SIZE AND FORECASTS
- 3.1 Global demand (MW) 2018-2033 96
- 3.2 Global demand by application 2018-2033 97
- 3.3 Regional markets for SOFC 100
- 3.3.1 United States 100
- 3.3.2 Japan 100
- 3.3.3 China 101
- 3.3.4 Europe 102
- 3.4 Pricing analysis and price forecasts 103
- 3.4.1 Levelized Cost of Electricity (LCOE) from solid oxide fuel cell (SOFC) systems 104
- 3.4.2 Price ($/kW) for SOFCs 105
4 COMPANY PROFILES 107 (54 company profiles)
5 RESEARCH METHODOLOGY 152
6 REFERENCES 153
List of Tables
- Table 1. Benefits and applications of Solid Oxide Fuel Cells. 16
- Table 2. Other components and materials in SOFCs. 20
- Table 3. Comparison of fuels in SOFCs. 21
- Table 4. Classification of fuels by carbon emissions. 23
- Table 5. Comparison of the volumetric energy densities of some common solid oxide fuel cell (SOFC) fuels 33
- Table 6. Comparison of carbon emissions of SOFC fuels. 34
- Table 7. Comparison to other fuel cell types. 36
- Table 8. Market drivers and trends for Solid Oxide Fuel Cells. 47
- Table 9. Market challenges for solid oxide fuel cells. 48
- Table 10. Recent market developments and investments in Solid Oxide Fuel Cells. 52
- Table 11. Revenues of key players in fuel cells. 56
- Table 12. Recent innovations in SOFCs. 60
- Table 13. Global SOFC demand (MW) 2018-2033. 96
- Table 14. Global SOFC demand (MW) by application 2018-2033. 98
- Table 15. Main SOFC Companies in the United States. 100
- Table 16. Main SOFC Companies in Japan. 101
- Table 17. Main SOFC Companies in China. 101
- Table 18. Main SOFC Companies in Europe. 102
- Table 19. Pricing analysis and price forecasts for SOFCs. 103
List of Figures
- Figure 1.Types of fuel cells. 11
- Figure 2. Solid oxide fuel cell operating principle. 11
- Figure 3. Planar SOFC configuration. 13
- Figure 4. SWOT analysis for Solid Oxide Fuel Cells market. 50
- Figure 5. Market map Solid Oxide Fuel Cells. 54
- Figure 6. Data Center Fuel Cells. 61
- Figure 7. Bloom-SK Fuel Cell. 62
- Figure 8. Integrated solid oxide fuel cell, solar PV, and battery storage system. 69
- Figure 9. Hydrogen fuel cell forklift being used in a warehouse distribution center. 70
- Figure 10. Fuel cell Electric Bus. 76
- Figure 11. Application of SOFCs in combined heat, cooling and power systems. 88
- Figure 12. Global SOFC demand (MW) 2018-2033. 96
- Figure 13. Global SOFC demand (MW) by application 2018-2033. 98
- Figure 14. Price ($/kW) for SOFCs, historical and forecast. 105
- Figure 15. Bloom Energy solid oxide electrolyzer technology. 113
- Figure 16. Imperium® Solid Oxide Fuel Cells. 151
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