The Global Market for Solid Oxide Fuel Cells 2023-2033

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Published July 2023 | 157 pages, 19 tables, 15 figures | Download table of contents

Global Solid Oxide Fuel Cell Market Outlook 2023-2033: High Efficiency Power Driving Commercial Adoption

Solid oxide fuel cells (SOFCs) provide high efficiency electrical power generation from fuels like natural gas, biogas, and hydrogen. Commercialization has accelerated in recent years for stationary and transport applications. This report provides a detailed analysis of SOFC technologies, applications, market trends, leading companies, and future growth projections.

SOFC Technology Overview:

  • Operating principles, components and materials
  • Benefits including high efficiency, fuel flexibility
  • Comparison to other fuel cell types
  • Innovations in materials, fuels, and operating temperatures

This section analyzes SOFC technologies and the transition from high temperature to intermediate and low temperature SOFCs. Key technical challenges and innovations are assessed.

Drivers for Commercial Adoption:

  • Transition to low carbon power generation
  • Decreasing costs and improving durability
  • Increasing energy efficiency requirements
  • Growth in biogas and hydrogen infrastructure

 

Global SOFC Market Outlook and Forecasts:

  • Historical installations and revenues 2018-2022
  • 10-year market projections 2023-2033 by power output, end-use sector, and region
  • Analysis of how SOFCs support emissions reductions

 

SOFC Value Chain and Competitive Landscape:

Profiles, products, and strategies of 53 leading global SOFC companies. Analysis of partnerships, expansions, and M&A trends. Companies profiled include Alma Clean Power, Bloom Energy, Bosch, Ceres Power, Cummins, Denso Corporation, FuelCell Energy, Mitsubishi Power, OxEon Energy, Osaka Gas, SolydEra SpA and more.

High efficiency, low emissions, and flexibility will drive SOFC adoption across power generation, data centers, vehicles, and more over the next decade.

 

The Global Market for Solid Oxide Fuel Cells 2023-2033
The Global Market for Solid Oxide Fuel Cells 2023-2033
PDF download.

 The Global Market for Solid Oxide Fuel Cells 2023-2033
The Global Market for Solid Oxide Fuel Cells 2023-2033
PDF and print edition (including tracked FEDEX delivery).

Payment methods: Visa, Mastercard, American Express, Paypal. 

To purchase by invoice (bank transfer) or in an alternative currency please contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.

 

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

 

The Global Market for Solid Oxide Fuel Cells 2023-2033
The Global Market for Solid Oxide Fuel Cells 2023-2033
PDF download.

 The Global Market for Solid Oxide Fuel Cells 2023-2033
The Global Market for Solid Oxide Fuel Cells 2023-2033
PDF and print edition (including tracked FEDEX delivery).

Payment methods: Visa, Mastercard, American Express, Paypal. 

To purchase by invoice (bank transfer) or in an alternative currency please contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.

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