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The Global Market for Solid Oxide Fuel Cells 2023-2033

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    Report

  • 157 Pages
  • July 2023
  • Region: Global
  • Future Markets, Inc
  • ID: 5850034

SOFC Innovations Driving Environmental Progress and Profitability

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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Table of Contents

1. Introduction
1.1 What are fuel cells?
1.2 Overview of Solid Oxide Fuel Cells
1.2.1 Why are SOFCs needed?
1.2.2 Advantages over conventional power
1.2.3 Benefits and applications
1.2.4 Components and materials
1.2.4.1 Anode
1.2.4.2 Electrolyte
1.2.4.3 Cathode
1.2.4.4 Interconnects
1.2.4.5 Other
1.2.5 Fuels for SOFCs
1.2.5.1 Hydrogen
1.2.5.2 Natural Gas
1.2.5.3 Biogas
1.2.5.4 Ammonia
1.2.5.5 Propane
1.2.5.6 Gasoline
1.2.5.7 Diesel
1.2.5.8 Coal Syngas
1.2.5.9 Biodiesel
1.2.5.10 E-fuels
1.2.6 Comparative analysis of fuels for SOFCs
1.3 Comparison to other fuel cell types
1.3.1 PEMFC
1.3.2 Alternative fuel cell technologies
1.4 Solid Oxide Electrolyzer Cells (SOECs)
1.4.1 Overview
1.4.2 Advantages and disadvantages
1.4.3 Market
1.5 Low-temperature solid oxide fuel cells (LT-SOFCs)
1.5.1 Overview
1.5.2 Advantages and disadvantages
1.5.3 Market prospects

2. The Global Market for Solid Oxide Fuel Cells
2.1 Market drivers and trends
2.2 Market challenges
2.3 SWOT analysis
2.4 Stationary vs portable SOFCs
2.5 Recent market developments and investments
2.6 Market map
2.7 Competitive landscape
2.7.1 Key market players
2.7.2 Future costs
2.7.3 Recent innovation
2.8 Commercial and industrial (C&I)- distributed power generation, microgrids, data centers, and retail
2.8.1 Motivation for use
2.8.2 Applications
2.8.3 Market players
2.8.4 Fuel choices
2.8.5 Market challenges
2.9 Vehicles
2.9.1 Motivation for use
2.9.2 Applications
2.9.3 Market players
2.9.4 Fuel choices
2.9.5 Market challenges
2.10 Marine
2.10.1 Motivation for use
2.10.2 Applications
2.10.3 Market players
2.10.4 Fuel choices
2.10.5 Market challenges
2.11 Residential
2.11.1 Motivation for use
2.11.2 Applications
2.11.3 Market players
2.11.4 Fuel choices
2.11.5 Market challenges
2.12 Future market outlook

3. Global SOFC Market Size and Forecasts
3.1 Global demand (MW) 2018-2033
3.2 Global demand by application 2018-2033
3.3 Regional markets for SOFC
3.3.1 United States
3.3.2 Japan
3.3.3 China
3.3.4 Europe
3.4 Pricing analysis and price forecasts
3.4.1 Levelized Cost of Electricity (LCOE) from solid oxide fuel cell (SOFC) systems
3.4.2 Price ($/kW) for SOFCs

4. Company Profiles (54 Company Profiles)5. Research Methodology6. References
List of Tables
Table 1. Benefits and applications of Solid Oxide Fuel Cells
Table 2. Other components and materials in SOFCs
Table 3. Comparison of fuels in SOFCs
Table 4. Classification of fuels by carbon emissions
Table 5. Comparison of the volumetric energy densities of some common solid oxide fuel cell (SOFC) fuels
Table 6. Comparison of carbon emissions of SOFC fuels
Table 7. Comparison to other fuel cell types
Table 8. Market drivers and trends for Solid Oxide Fuel Cells
Table 9. Market challenges for solid oxide fuel cells
Table 10. Recent market developments and investments in Solid Oxide Fuel Cells
Table 11. Revenues of key players in fuel cells
Table 12. Recent innovations in SOFCs
Table 13. Global SOFC demand (MW) 2018-2033
Table 14. Global SOFC demand (MW) by application 2018-2033
Table 15. Main SOFC Companies in the United States
Table 16. Main SOFC Companies in Japan
Table 17. Main SOFC Companies in China
Table 18. Main SOFC Companies in Europe
Table 19. Pricing analysis and price forecasts for SOFCs

List of Figures
Figure 1. Types of fuel cells
Figure 2. Solid oxide fuel cell operating principle
Figure 3. Planar SOFC configuration
Figure 4. SWOT analysis for Solid Oxide Fuel Cells market
Figure 5. Market map Solid Oxide Fuel Cells
Figure 6. Data Center Fuel Cells
Figure 7. Bloom-SK Fuel Cell
Figure 8. Integrated solid oxide fuel cell, solar PV, and battery storage system
Figure 9. Hydrogen fuel cell forklift being used in a warehouse distribution center
Figure 10. Fuel cell Electric Bus
Figure 11. Application of SOFCs in combined heat, cooling and power systems
Figure 12. Global SOFC demand (MW) 2018-2033
Figure 13. Global SOFC demand (MW) by application 2018-2033
Figure 14. Price ($/kW) for SOFCs, historical and forecast
Figure 15. Bloom Energy solid oxide electrolyzer technology
Figure 16. Imperium® Solid Oxide Fuel Cells

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alma Clean Power
  • Bloom Energy
  • Bosch
  • Ceres Power
  • Cummins
  • Denso Corporation
  • FuelCell Energy
  • Mitsubishi Power
  • Osaka Gas
  • OxEon Energy
  • SolydEra SpA

Methodology

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