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Global Solid Oxide Fuel Cells (SOFCs) Industry

  • June 2014
  • -
  • Global Industry Analysts
  • -
  • 174 pages

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. Company profiles are primarily based on public domain information including company URLs. 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

Global Solid Oxide Fuel Cells (SOFCs) Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and 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 and 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 and 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 and 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 and Defense Sector II-17
Table 10: Military Spending in Select Countries (2011 and
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 and 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 and 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 and 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 and 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 and 2020 (includes
corresponding Graph/Chart) II-60

Table 13: World Recent Past, Current and Future Analysis for
Solid Oxide Fuel Cells (SOFCs) by Application - Remote Power and
Auxiliary Power Units (APUs), Combined Heat and 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 and Auxiliary Power Units (APUs), Combined Heat and
Power (CHP) and Others Markets for Years 2012, 2014 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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 and 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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