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Combined Heat and Power Market by Capacity (<10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas Turbine, Steam Turbine, Reciprocating Engine, Fu...

Publisher:        MarketsandMarkets

# of Pages:        276

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1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 DEFINITION 31
1.3 INCLUSIONS AND EXCLUSIONS 32
1.3.1 COMBINED HEAT AND POWER MARKET, BY END USER 32
1.3.2 COMBINED HEAT AND POWER MARKET, BY CAPACITY 32
1.3.3 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER 32
1.3.4 COMBINED HEAT AND POWER MARKET, BY FUEL 33
1.4 MARKET SCOPE 33
1.4.1 COMBINED HEAT AND POWER MARKET: SEGMENTATION 33
1.4.2 GEOGRAPHIC SCOPE 34
1.4.3 YEARS CONSIDERED 34
1.5 CURRENCY 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 COMBINED HEAT AND POWER MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION METHODOLOGY 38
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 39
2.2.2 PRIMARY DATA 39
2.2.2.1 Key data from primary sources 40
2.2.2.2 Breakdown of primaries 40
FIGURE 3 BREAKDOWN OF PRIMARIES 41
2.3 IMPACT OF COVID-19 41
2.4 MARKET SIZE ESTIMATION 42
2.4.1 BOTTOM-UP APPROACH 42
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 42
2.4.2 TOP-DOWN APPROACH 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.4.3 DEMAND-SIDE ANALYSIS 44
FIGURE 6 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING
DEMAND FOR CHP 44
2.4.3.1 Demand-side calculation 44
2.4.3.2 Assumptions for demand-side analysis 44
2.4.4 SUPPLY-SIDE ANALYSIS 45
FIGURE 7 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR CHP MARKET 45
FIGURE 8 COMBINED HEAT AND POWER MARKET: SUPPLY-SIDE ANALYSIS 45
2.4.4.1 Supply-side calculation 46
2.4.4.2 Assumptions for supply side 46
2.4.5 FORECAST 46
3 EXECUTIVE SUMMARY 47
TABLE 1 SNAPSHOT OF CHP MARKET 48
FIGURE 9 10–150 MW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CHP MARKET, BY CAPACITY, FROM 2021-2026 49
FIGURE 10 RECIPROCATING ENGINE TO ACCOUNT FOR LARGEST SHARE OF CHP MARKET, BY PRIME MOVER, FROM 2021-2026 49
FIGURE 11 NATURAL GAS TO LEAD CHP MARKET, BY FUEL, FROM 2021-2026 50
FIGURE 12 INDUSTRIAL SEGMENT TO DOMINATE CHP MARKET, BY END USER,
FROM 2021-2026 50
FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF CHP MARKET IN 2020 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES IN CHP MARKET 52
FIGURE 14 INCREASING URBANIZATION, POPULATION, AND NEED TO REDUCE CARBON EMISSIONS WOULD PROPEL MARKET GROWTH DURING 2021–2026 52
4.2 CHP MARKET IN ASIA PACIFIC, BY FUEL AND COUNTRY 53
FIGURE 15 CHINA HELD LARGEST SHARE OF ASIA PACIFIC CHP MARKET IN 2020 53
4.3 CHP MARKET, BY CAPACITY 53
FIGURE 16 10–150 MW CAPACITY SEGMENT HELD LARGEST SHARE OF GLOBAL
CHP MARKET IN 2020 53
4.4 CHP MARKET, BY PRIME MOVER 54
FIGURE 17 RECIPROCATING ENGINE CAPTURED LARGEST MARKET SHARE IN 2020 54
4.5 CHP MARKET, BY FUEL 54
FIGURE 18 NATURAL GAS ACCOUNTED FOR LARGEST SHARE OF CHP MARKET IN 2020 54
4.6 CHP MARKET, BY END USER 55
FIGURE 19 INDUSTRIAL SEGMENT HELD LARGEST SHARE OF CHP MARKET IN 2020 55
4.7 CHP MARKET, BY REGION 55
FIGURE 20 ASIA PACIFIC TO RECORD HIGHEST CAGR IN CHP MARKET DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 COVID-19 HEALTH ASSESSMENT 57
FIGURE 21 COVID-19 GLOBAL PROPAGATION 57
FIGURE 22 COVID-19 PROPAGATION IN SELECTED COUNTRIES 58
5.3 ROAD TO RECOVERY 59
FIGURE 23 RECOVERY ROAD FOR 2020 AND 2021 59
5.4 COVID-19 ECONOMIC ASSESSMENT 60
FIGURE 24 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020 60
5.5 MARKET DYNAMICS 61
FIGURE 25 COMBINED HEAT AND POWER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.5.1 DRIVERS 61
5.5.1.1 Government programs and incentives to promote CHP 61
5.5.1.2 Rise in use of natural gas for power generation 62
FIGURE 26 POWER GENERATION FROM NATURAL GAS, 2019 & 2020 63
FIGURE 27 GLOBAL NATURAL GAS CONSUMPTION 63
5.5.1.3 Significant benefits of CHP systems in wastewater treatment facilities 63
TABLE 2 WASTEWATER TREATMENT FACILITIES WITH CHP SYSTEMS IN US 64
5.5.2 RESTRAINTS 65
5.5.2.1 Increased installation and maintenance costs of CHP systems 65
5.5.2.2 Existence of competing technologies resulting in lack of interest in development of CHP systems 65
5.5.2.3 Rising concerns over stable natural gas supply for CHP systems 65
5.5.3 OPPORTUNITIES 65
5.5.3.1 Rise in deployment of micro-CHP systems 65
FIGURE 28 FUEL CELL MICRO-CHP INSTALLATIONS IN JAPAN, 2009–2017 66
5.5.3.2 Replacement/upgrade of aged power generation equipment 66
5.5.3.3 Increased trend of distributed power generation creating huge opportunity for gas turbine-based CHP market 67
5.5.4 CHALLENGES 67
5.5.4.1 Damage to prime movers due to impurities in biogas fueled CHP plans 67
TABLE 3 CHP PRIME MOVER TOLERANCE TO BIOGAS CONTAMINANTS 67
5.5.4.2 Challenges posed by utilities for sale of excess electricity by CHP plants 68
5.5.4.3 Stability issues related to decentralization of energy generation 69
5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 69
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CHP COMPANIES 69
FIGURE 29 REVENUE SHIFT FOR COMBINED HEAT AND POWER MARKET 69
5.7 MARKET MAP 70
FIGURE 30 COMBINED HEAT AND POWER MARKET MAP 70
5.8 PRICING ANALYSIS 70
TABLE 4 COMPARISON OF INSTALLATION COST OF COMBINED HEAT AND POWER (CHP) SYSTEMS, BY PRIME MOVER 70
5.9 SUPPLY CHAIN ANALYSIS 71
FIGURE 31 COMBINED HEAT AND POWER MARKET: SUPPLY CHAIN ANALYSIS 71
5.9.1 RAW MATERIAL PROVIDERS/SUPPLIERS 71
5.9.2 CHP EQUIPMENT MANUFACTURERS 71
5.9.3 CHP SERVICES/SOLUTIONS PROVIDERS AND PROJECT DEVELOPERS 72
5.9.4 CHP OPERATORS/END USERS 72
5.10 TECHNOLOGY ANALYSIS 72
5.10.1 DIFFERENT TECHNOLOGIES INCORPORATED IN CHP PLANTS 72
5.11 CODES AND REGULATIONS 73
TABLE 5 COMBINED HEAT AND POWER MARKET: CODES AND REGULATIONS 73
5.12 INNOVATIONS AND PATENT REGISTRATIONS 74
TABLE 6 COMBINED HEAT AND POWER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2016–AUGUST 2021 74
5.13 PORTER’S FIVE FORCES ANALYSIS 76
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR COMBINED HEAT AND POWER MARKET 76
TABLE 7 IMPACT OF EACH FORCE ON COMBINED HEAT AND POWER MARKET 76
5.13.1 THREAT OF SUBSTITUTES 77
5.13.2 BARGAINING POWER OF SUPPLIERS 77
5.13.3 BARGAINING POWER OF BUYERS 77
5.13.4 THREAT OF NEW ENTRANTS 77
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.14 CASE STUDIES 78
5.14.1 TO REDUCE CARBON EMISSIONS FROM CHP PLANT AND ENABLE FURTHER GROWTH IN SODIUM BICARBONATE PRODUCTION 78
5.14.2 NEED TO REDUCE OVERALL CARBON FOOTPRINT TO MEET CARBON REDUCTION TARGET OF NHS 79
5.14.3 CENTRICA BUSINESS SOLUTIONS HELPED REDUCE ENERGY COSTS BY INSTALLING CHP UNITS 79
5.14.4 SOUTHEND HOSPITAL REAPS FINANCIAL BENEFITS OF COMBINED HEAT AND POWER SYSTEM SINCE ITS COMMISSIONING IN 2017 79
6 CHP MARKET, BY CAPACITY 80
6.1 INTRODUCTION 81
FIGURE 33 CHP MARKET, BY CAPACITY, 2020 (%) 81
TABLE 8 CHP MARKET, BY CAPACITY, 2019–2026 (USD MILLION) 81
6.2 UP TO 10 MW 82
6.2.1 INCREASED INVESTMENTS IN RESIDENTIAL AND COMMERCIAL PROJECTS TO DRIVE GROWTH OF THIS SEGMENT 82
TABLE 9 CHP MARKET FOR UP TO 10 MW CAPACITY, BY REGION,
2019–2026 (USD MILLION) 82
6.3 10-150 MW 82
6.3.1 LARGE DEMAND FOR CHP INSTALLATIONS FOR 10–150 MW CAPACITY FROM INDUSTRIAL SECTOR 82
TABLE 10 CHP MARKET FOR 10–150 MW CAPACITY, BY REGION,
2019–2026 (USD MILLION) 83
6.4 151–300 MW 83
6.4.1 MARKET 83
TABLE 11 CHP MARKET FOR 151–300 MW CAPACITY, BY REGION,
2019–2026 (USD MILLION) 84
6.5 ABOVE 300 MW 84
6.5.1 RISING FOCUS OF UTILITIES ON COST-EFFICIENT AND CLEANER POWERING FUELS IS LIKELY TO CREATE DEMAND FOR CHPS FROM UTILITIES 84
TABLE 12 CHP MARKET FOR CAPACITY ABOVE 300 MW, BY REGION,
2019–2026 (USD MILLION) 84
7 CHP MARKET, BY PRIME MOVER 85
7.1 INTRODUCTION 86
FIGURE 34 CHP MARKET, BY PRIME MOVER, 2020 (%) 86
TABLE 13 CHP MARKET, BY PRIME MOVER, 2019–2026 (USD MILLION) 86
7.2 GAS TURBINE 87
7.2.1 HIGH-TEMPERATURE HEAT GENERATED FROM TURBINES CAN BE
USED FOR GENERATION OF HIGH-PRESSURE STEAM 87
TABLE 14 CHP MARKET FOR GAS TURBINE , BY REGION, 2019–2026 (USD MILLION) 87
7.3 STEAM TURBINE 88
7.3.1 FLEXIBILITY OF STEAM TURBINES HAS INCREASED THEIR USE IN CHP INDUSTRY 88
TABLE 15 CHP MARKET FOR STEAM TURBINE, BY REGION, 2019–2026 (USD MILLION) 88
7.4 RECIPROCATING ENGINE 88
7.4.1 HIGH EFFICIENCY AND RELIABILITY IS LEADING TO INCREASING USE OF RECIPROCATING ENGINES IN CHP PLANTS 88
TABLE 16 CHP MARKET FOR RECIPROCATING ENGINE, BY REGION,
2019–2026 (USD MILLION) 89
7.5 FUEL CELL 89
7.5.1 RISING DEMAND FOR CLEANER POWER GENERATION IS DRIVING CHP MARKET FOR FUEL CELL 89
TABLE 17 CHP MARKET FOR FUEL CELL, BY REGION, 2019–2026 (USD MILLION) 90
7.6 MICROTURBINE 90
7.6.1 LOW CARBON EMISSIONS OF MICROTURBINES DRIVE THIS SEGMENT
IN CHP MARKET 90
TABLE 18 CHP MARKET FOR MICROTURBINE, BY REGION, 2019–2026 (USD MILLION) 90
7.7 OTHERS (STIRLING ENGINES AND COMBINED CYCLE) 91
7.7.1 COMBINED CYCLE POWER PLANTS PRODUCE 50% MORE ELECTRICITY COMPARED WITH TRADITIONAL SIMPLE-CYCLE PLANTS 91
TABLE 19 CHP MARKET FOR OTHERS, BY REGION, 2019–2026 (USD MILLION) 91
8 CHP MARKET, BY FUEL 92
8.1 INTRODUCTION 93
FIGURE 35 CHP MARKET, BY FUEL, 2020 (%) 93
TABLE 20 CHP MARKET, BY FUEL, 2019–2026 (USD MILLION) 93
8.2 COAL 94
8.2.1 WIDESPREAD USE OF COAL FOR ELECTRICITY GENERATION DRIVES GROWTH OF THIS SEGMENT 94
TABLE 21 COAL-BASED CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 94
 
8.3 NATURAL GAS 95
8.3.1 INCREASING NEED FOR CLEAN-BURNING FUELS DRIVES GROWTH OF NATURAL GAS-BASED CHP PLANTS 95
TABLE 22 NATURAL GAS-BASED CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 95
8.4 BIOGAS/BIOMASS 95
8.4.1 RISING CO2 EMISSIONS CONCERNS ARE LEADING COMPANIES TO SWITCH FROM NONRENEWABE FUELS TO BIOGAS-/BIOMASS 95
TABLE 23 BIOGAS/BIOMASS-BASED CHP MARKET, BY REGION,
2019–2026 (USD MILLION) 96
8.5 NUCLEAR 96
8.5.1 ENVIRONMENTAL BENEFITS OFFERED BY NUCLEAR SYSTEMS ARE DRIVING CHP MARKET 96
TABLE 24 NUCLEAR-BASED CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 97
8.6 DIESEL 97
8.6.1 DEMAND FOR BACKUP POWER TO DRIVE GROWTH OF DIESEL-
BASED CHP PLANTS 97
TABLE 25 DIESEL-BASED CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 97
8.7 OTHERS 98
8.7.1 INCREASING AWARENESS FOR REDUCING HARMFUL EMISSIONS IS DRIVING THIS SEGMENT 98
TABLE 26 OTHER FUEL-BASED CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 98
9 CHP MARKET, BY END USER 99
9.1 INTRODUCTION 100
FIGURE 36 CHP MARKET, BY END USER, 2020 (%) 100
TABLE 27 CHP MARKET, BY END USER, 2019–2026 (USD MILLION) 100
9.2 RESIDENTIAL 101
9.2.1 GROWING NEED TO REDUCE CARBON EMISSIONS AND DEPENDENCE ON CENTRALIZED POWER GENERATION DRIVES MARKET GROWTH IN RESIDENTIAL SEGMENT 101
TABLE 28 CHP MARKET FOR RESIDENTIAL, BY REGION, 2019–2026 (USD MILLION) 101
9.3 COMMERCIAL 102
9.3.1 INCREASING NEED FOR SYSTEMS OFFERING ENVIRONMENT-FRIENDLY BENEFITS TO MEET HUGE ENERGY REQUIREMENTS IS DRIVING MARKET GROWTH IN THIS SEGMENT 102
TABLE 29 CHP MARKET FOR COMMERCIAL, BY REGION, 2019–2026 (USD MILLION) 102
9.4 INDUSTRIAL 103
9.4.1 GROWING DEMAND FOR RELIABLE POWER SUPPLY IS DRIVING CHP MARKET FOR INDUSTRIAL SECTOR 103
TABLE 30 CHP MARKET FOR INDUSTRIAL, BY REGION, 2019–2026 (USD MILLION) 103
9.5 UTILITIES 104
9.5.1 RISING FOCUS OF UTILITIES ON COST-EFFICIENT AND CLEANER POWERING FUELS IS LIKELY TO CREATE DEMAND FOR CHP SYSTEMS 104
TABLE 31 CHP MARKET FOR UTILITIES, BY REGION, 2019–2026 (USD MILLION) 104
 
10 GEOGRAPHIC ANALYSIS 105
10.1 INTRODUCTION 106
FIGURE 37 CHP MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 106
FIGURE 38 CHP MARKET SHARE FOR EACH REGION, 2020 (%) 106
TABLE 32 CHP MARKET, BY REGION, 2019–2026 (USD MILLION) 107
10.2 ASIA PACIFIC 107
FIGURE 39 ASIA PACIFIC: SNAPSHOT OF CHP MARKET, 2020 108
10.2.1 BY CAPACITY 108
TABLE 33 CHP MARKET IN ASIA PACIFIC, BY CAPACITY, 2019–2026 (USD MILLION) 108
10.2.2 BY PRIME MOVER 109
TABLE 34 CHP MARKET IN ASIA PACIFIC, BY PRIME MOVER,
2019–2026 (USD MILLION) 109
10.2.3 BY FUEL 109
TABLE 35 CHP MARKET IN ASIA PACIFIC, BY FUEL, 2019–2026 (USD MILLION) 109
10.2.4 BY END USER 109
TABLE 36 CHP MARKET IN ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION) 109
10.2.5 BY COUNTRY 110
TABLE 37 CHP MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION) 110
10.2.5.1 China 110
10.2.5.1.1 Rapid industrialization and infrastructural development are leading to increasing demand for electricity 110
10.2.5.1.2 By capacity 111
TABLE 38 CHP MARKET IN CHINA, BY CAPACITY, 2019–2026 (USD MILLION) 111
10.2.5.1.3 By prime mover 111
TABLE 39 CHP MARKET IN CHINA, BY PRIME MOVER, 2019–2026 (USD MILLION) 111
10.2.5.1.4 By fuel 111
TABLE 40 CHP MARKET IN CHINA, BY FUEL, 2019–2026 (USD MILLION) 111
10.2.5.1.5 By end user 112
TABLE 41 CHP MARKET IN CHINA, BY END USER, 2019–2026 (USD MILLION) 112
10.2.5.2 Japan 112
10.2.5.2.1 Plans to promote distributed power generation by residential and commercial end users are driving
CHP market in Japan 112
10.2.5.2.2 By capacity 112
TABLE 42 CHP MARKET IN JAPAN, BY CAPACITY , 2019–2026 (USD MILLION) 112
10.2.5.2.3 By prime mover 113
TABLE 43 CHP MARKET IN JAPAN, BY PRIME MOVER, 2019–2026 (USD MILLION) 113
10.2.5.2.4 By fuel 113
TABLE 44 CHP MARKET IN JAPAN, BY FUEL, 2019–2026 (USD MILLION) 113
10.2.5.2.5 By end user 114
TABLE 45 CHP MARKET IN JAPAN, BY END USER, 2019–2026 (USD MILLION) 114
 
10.2.5.3 South Korea 114
10.2.5.3.1 Goal of reducing greenhouse emissions has led to increase in installation of CHP plants 114
10.2.5.3.2 By capacity 114
TABLE 46 CHP MARKET IN SOUTH KOREA, BY CAPACITY, 2019–2026 (USD MILLION) 114
10.2.5.3.3 By prime mover 115
TABLE 47 CHP MARKET IN SOUTH KOREA, BY PRIME MOVER,
2019–2026 (USD MILLION) 115
10.2.5.3.4 By fuel 115
TABLE 48 CHP MARKET IN SOUTH KOREA, BY FUEL, 2019–2026 (USD MILLION) 115
10.2.5.3.5 By end user 115
TABLE 49 CHP MARKET IN SOUTH KOREA, BY END USER, 2019–2026 (USD MILLION) 115
10.2.5.4 Australia 116
10.2.5.4.1 Government initiatives to provide incentives for installing clean and energy-efficient technologies are driving Australian CHP market 116
10.2.5.4.2 By capacity 116
TABLE 50 CHP MARKET IN AUSTRALIA, BY CAPACITY, 2019–2026 (USD MILLION) 116
10.2.5.4.3 By prime mover 116
TABLE 51 CHP MARKET IN AUSTRALIA, BY PRIME MOVER, 2019–2026 (USD MILLION) 116
10.2.5.4.4 By fuel 117
TABLE 52 CHP MARKET IN AUSTRALIA, BY FUEL, 2019–2026 (USD MILLION) 117
10.2.5.4.5 By end user 117
TABLE 53 CHP MARKET IN AUSTRALIA, BY END USER, 2019–2026 (USD MILLION) 117
10.2.5.5 India 118
10.2.5.5.1 Increased demand for electricity from industrial and commercial segments to drive market 118
10.2.5.5.2 By capacity 118
TABLE 54 CHP MARKET IN INDIA, BY CAPACITY, 2019–2026 (USD MILLION) 118
10.2.5.5.3 By prime mover 118
TABLE 55 CHP MARKET IN INDIA, BY PRIME MOVER, 2019–2026 (USD MILLION) 118
10.2.5.5.4 By fuel 119
TABLE 56 CHP MARKET IN INDIA, BY FUEL, 2019–2026 (USD MILLION) 119
10.2.5.5.5 By end user 119
TABLE 57 CHP MARKET IN INDIA, BY END USER, 2019–2026 (USD MILLION) 119
10.2.5.6 Rest of ASIA PACIFIC 119
10.2.5.6.1 By capacity 120
TABLE 58 CHP MARKET IN REST OF ASIA PACIFIC, BY CAPACITY,
2019–2026 (USD MILLION) 120
10.2.5.6.2 By prime mover 120
TABLE 59 CHP MARKET IN REST OF ASIA PACIFIC, BY PRIME MOVER,
2019–2026 (USD MILLION) 120
 
10.2.5.6.3 By fuel 121
TABLE 60 CHP MARKET IN REST OF ASIA PACIFIC, BY FUEL, 2019–2026 (USD MILLION) 121
10.2.5.6.4 By end user 121
TABLE 61 CHP MARKET IN REST OF ASIA PACIFIC, BY END USER,
2019–2026 (USD MILLION) 121
10.3 EUROPE 122
FIGURE 40 EUROPE: SNAPSHOT OF CHP MARKET, 2020 122
10.3.1 BY CAPACITY 123
TABLE 62 CHP MARKET IN EUROPE, BY CAPACITY, 2019–2026 (USD MILLION) 123
10.3.2 BY PRIME MOVER 123
TABLE 63 CHP MARKET IN EUROPE, BY PRIME MOVER, 2019–2026 (USD MILLION) 123
10.3.3 BY FUEL 123
TABLE 64 CHP MARKET IN EUROPE, BY FUEL, 2019–2026 (USD MILLION) 123
10.3.4 BY END USER 124
TABLE 65 CHP MARKET IN EUROPE, BY END USER, 2019–2026 (USD MILLION) 124
10.3.5 BY COUNTRY 124
TABLE 66 CHP MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION) 124
10.3.5.1 Germany 124
10.3.5.1.1 Huge manufacturing sector and its increasing demand for electricity has led to increase in CHP installations 124
10.3.5.1.2 By capacity 125
TABLE 67 CHP MARKET IN GERMANY, BY CAPACITY, 2019–2026 (USD MILLION) 125
10.3.5.1.3 By prime mover 125
TABLE 68 CHP MARKET IN GERMANY, BY PRIME MOVER, 2019–2026 (USD MILLION) 125
10.3.5.1.4 By fuel 126
TABLE 69 CHP MARKET IN GERMANY, BY FUEL, 2019–2026 (USD MILLION) 126
10.3.5.1.5 By end user 126
TABLE 70 CHP MARKET IN GERMANY, BY END USER, 2019–2026 (USD MILLION) 126
10.3.5.2 UK 127
10.3.5.2.1 Increasing need for efficient power generation is expected to drive UK’s CHP market 127
10.3.5.2.2 By capacity 127
TABLE 71 CHP MARKET IN UK, BY CAPACITY, 2019–2026 (USD MILLION) 127
10.3.5.2.3 By prime mover 127
TABLE 72 CHP MARKET IN UK, BY PRIME MOVER, 2019–2026 (USD MILLION) 127
10.3.5.2.4 By fuel 128
TABLE 73 CHP MARKET IN UK, BY FUEL, 2019–2026 (USD MILLION) 128
10.3.5.2.5 By end user 128
TABLE 74 CHP MARKET IN UK, BY END USER, 2019–2026 (USD MILLION) 128
10.3.5.3 Russia 129
10.3.5.3.1 Large planned investments for increasing power generation capacity is leading to rise in CHP installations 129
 
10.3.5.3.2 By capacity 129
TABLE 75 CHP MARKET IN RUSSIA, BY CAPACITY, 2019–2026 (USD MILLION) 129
10.3.5.3.3 By prime mover 129
TABLE 76 CHP MARKET IN RUSSIA, BY PRIME MOVER, 2019–2026 (USD MILLION) 129
10.3.5.3.4 By fuel 130
TABLE 77 CHP MARKET IN RUSSIA, BY FUEL, 2019–2026 (USD MILLION) 130
10.3.5.3.5 By end user 130
TABLE 78 CHP MARKET IN RUSSIA, BY END USER, 2019–2026 (USD MILLION) 130
10.3.5.4 France 131
10.3.5.4.1 Increased foreign direct investments in manufacturing sector are driving growth 131
10.3.5.4.2 By capacity 131
TABLE 79 CHP MARKET IN FRANCE, BY CAPACITY, 2019–2026 (USD MILLION) 131
10.3.5.4.3 By prime mover 132
TABLE 80 CHP MARKET IN FRANCE, BY PRIME MOVER, 2019–2026 (USD MILLION) 132
10.3.5.4.4 By fuel 132
TABLE 81 CHP MARKET IN FRANCE, BY FUEL, 2019–2026 (USD MILLION) 132
10.3.5.4.5 By end user 133
TABLE 82 CHP MARKET IN FRANCE, BY END USER, 2019–2026 (USD MILLION) 133
10.3.5.5 Italy 133
10.3.5.5.1 Rising demand for higher overall energy efficiency is likely to drive CHP market 133
10.3.5.5.2 By capacity 133
TABLE 83 CHP MARKET IN ITALY, BY CAPACITY, 2019–2026 (USD MILLION) 133
10.3.5.5.3 By prime mover 134
TABLE 84 CHP MARKET IN ITALY, BY PRIME MOVER, 2019–2026 (USD MILLION) 134
10.3.5.5.4 By fuel 134
TABLE 85 CHP MARKET IN ITALY, BY FUEL, 2019–2026 (USD MILLION) 134
10.3.5.5.5 By end user 135
TABLE 86 CHP MARKET IN ITALY, BY END USER, 2019–2026 (USD MILLION) 135
10.3.5.6 Rest of Europe 135
10.3.5.6.1 By capacity 135
TABLE 87 CHP MARKET IN REST OF EUROPE, BY CAPACITY, 2019–2026 (USD MILLION) 135
10.3.5.6.2 By prime mover 136
TABLE 88 CHP MARKET IN REST OF EUROPE, BY PRIME MOVER, 2019–2026 (USD MILLION) 136
10.3.5.6.3 By fuel 136
TABLE 89 CHP MARKET IN REST OF EUROPE, BY FUEL, 2019–2026 (USD MILLION) 136
10.3.5.6.4 By end user 137
TABLE 90 CHP MARKET IN REST OF EUROPE, BY END USER, 2019–2026 (USD MILLION) 137
 
10.4 NORTH AMERICA 137
10.4.1 BY CAPACITY 137
TABLE 91 CHP MARKET IN NORTH AMERICA, BY CAPACITY, 2019–2026 (USD MILLION) 137
10.4.2 BY PRIME MOVER 138
TABLE 92 CHP MARKET IN NORTH AMERICA, BY PRIME MOVER,
2019–2026 (USD MILLION) 138
10.4.3 BY FUEL 138
TABLE 93 CHP MARKET IN NORTH AMERICA, BY FUEL, 2019–2026 (USD MILLION) 138
10.4.4 BY END USER 139
TABLE 94 CHP MARKET IN NORTH AMERICA, BY END USER,
2019–2026 (USD MILLION) 139
10.4.5 BY COUNTRY 139
TABLE 95 CHP MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 139
10.4.5.1 US 139
10.4.5.1.1 Programs to promote CHP are driving its market in US 139
10.4.5.1.2 By capacity 140
TABLE 96 CHP MARKET IN US, BY CAPACITY, 2019–2026 (USD MILLION) 140
10.4.5.1.3 By prime mover 140
TABLE 97 CHP MARKET IN US, BY PRIME MOVER, 2019–2026 (USD MILLION) 140
10.4.5.1.4 By fuel 141
TABLE 98 CHP MARKET IN US, BY FUEL, 2019–2026 (USD MILLION) 141
10.4.5.1.5 By end user 141
TABLE 99 CHP MARKET IN US, BY END USER, 2019–2026 (USD MILLION) 141
10.4.5.2 Canada 142
10.4.5.2.1 Power requirements of highly scattered population leading to increasing installations of CHP plants 142
10.4.5.2.2 By capacity 142
TABLE 100 CHP MARKET IN CANADA, BY CAPACITY, 2019–2026 (USD MILLION) 142
10.4.5.2.3 By prime mover 143
TABLE 101 CHP MARKET IN CANADA, BY PRIME MOVER, 2019–2026 (USD MILLION) 143
10.4.5.2.4 By fuel 143
TABLE 102 CHP MARKET IN CANADA, BY FUEL, 2019–2026 (USD MILLION) 143
10.4.5.2.5 By end user 144
TABLE 103 CHP MARKET IN CANADA, BY END USER, 2019–2026 (USD MILLION) 144
10.4.5.3 Mexico 144
10.4.5.3.1 Governmental push for cleaner electricity production is driving CHP market 144
10.4.5.3.2 By capacity 144
TABLE 104 CHP MARKET IN MEXICO, BY CAPACITY, 2019–2026 (USD MILLION) 144
10.4.5.3.3 By prime mover 145
TABLE 105 CHP MARKET IN MEXICO, BY PRIME MOVER, 2019–2026 (USD MILLION) 145
10.4.5.3.4 By fuel 145
TABLE 106 CHP MARKET IN MEXICO, BY FUEL, 2019–2026 (USD MILLION) 145
10.4.5.3.5 By end user 146
TABLE 107 CHP MARKET IN MEXICO, BY END USER, 2019–2026 (USD MILLION) 146
10.5 MIDDLE EAST & AFRICA (MEA) 146
10.5.1 BY CAPACITY 146
TABLE 108 CHP MARKET IN MEA, BY CAPACITY, 2019–2026 (USD MILLION) 146
10.5.2 BY PRIME MOVER 147
TABLE 109 CHP MARKET IN MEA, BY PRIME MOVER, 2019–2026 (USD MILLION) 147
10.5.3 BY FUEL 147
TABLE 110 CHP MARKET IN MEA, BY FUEL, 2019–2026 (USD MILLION) 147
10.5.4 BY END USER 148
TABLE 111 CHP MARKET IN MEA, BY END USER, 2019–2026 (USD MILLION) 148
10.5.5 BY COUNTRY 148
TABLE 112 CHP MARKET IN MEA, BY COUNTRY, 2019–2026 (USD MILLION) 148
10.5.5.1 Saudi Arabia 149
10.5.5.1.1 Emerging trend of clean power is likely to drive CHP market in Saudi Arabia 149
10.5.5.1.2 By capacity 149
TABLE 113 CHP MARKET IN SAUDI ARABIA, BY CAPACITY, 2019–2026 (USD MILLION) 149
10.5.5.1.3 By prime mover 150
TABLE 114 CHP MARKET IN SAUDI ARABIA, BY PRIME MOVER,
2019–2026 (USD MILLION) 150
10.5.5.1.4 By fuel 150
TABLE 115 CHP MARKET IN SAUDI ARABIA, BY FUEL, 2019–2026 (USD MILLION) 150
10.5.5.1.5 By end user 151
TABLE 116 CHP MARKET IN SAUDI ARABIA, BY END USER, 2019–2026 (USD MILLION) 151
10.5.5.2 UAE 151
10.5.5.2.1 Increasing share of renewables in UAE’s electricity generation mix is likely to drive its CHP market 151
10.5.5.2.2 By capacity 151
TABLE 117 CHP MARKET IN UAE, BY CAPACITY , 2019–2026 (USD MILLION) 151
10.5.5.2.3 By prime mover 152
TABLE 118 CHP MARKET IN UAE, BY PRIME MOVER, 2019–2026 (USD MILLION) 152
10.5.5.2.4 By fuel 152
TABLE 119 CHP MARKET IN UAE, BY FUEL, 2019–2026 (USD MILLION) 152
10.5.5.2.5 By end user 153
TABLE 120 CHP MARKET IN UAE, BY END USER, 2019–2026 (USD MILLION) 153
10.5.5.3 Turkey 153
10.5.5.3.1 Requirement of sustainable economic growth and energy security drives CHP market 153
10.5.5.3.2 By capacity 154
TABLE 121 CHP MARKET IN TURKEY, BY CAPACITY, 2019–2026 (USD MILLION) 154
10.5.5.3.3 By prime mover 154
TABLE 122 CHP MARKET IN TURKEY, BY PRIME MOVER, 2019–2026 (USD MILLION) 154
10.5.5.3.4 By fuel 155
TABLE 123 CHP MARKET IN TURKEY, BY FUEL, 2019–2026 (USD MILLION) 155
10.5.5.3.5 By end user 155
TABLE 124 CHP MARKET IN TURKEY, BY END USER, 2019–2026 (USD MILLION) 155
10.5.5.4 Nigeria 155
10.5.5.4.1 CHP is used to fulfill domestic demand for electricity 155
10.5.5.4.2 By capacity 156
TABLE 125 CHP MARKET IN NIGERIA, BY CAPACITY, 2019–2026 (USD MILLION) 156
10.5.5.4.3 By prime mover 156
TABLE 126 CHP MARKET IN NIGERIA, BY PRIME MOVER, 2019–2026 (USD MILLION) 156
10.5.5.4.4 By fuel 157
TABLE 127 CHP MARKET IN NIGERIA, BY FUEL, 2019–2026 (USD MILLION) 157
10.5.5.4.5 By end user 157
TABLE 128 CHP MARKET IN NIGERIA, BY END USER, 2019–2026 (USD MILLION) 157
10.5.5.5 South Africa 158
10.5.5.5.1 Demand for reliable power supply and plans to limit carbon emissions have increased domestic demand for CHP 158
10.5.5.5.2 By capacity 158
TABLE 129 CHP MARKET IN SOUTH AFRICA, BY CAPACITY, 2019–2026 (USD MILLION) 158
10.5.5.5.3 By prime mover 158
TABLE 130 CHP MARKET IN SOUTH AFRICA, BY PRIME MOVER,
2019–2026 (USD MILLION) 158
10.5.5.5.4 By fuel 159
TABLE 131 CHP MARKET IN SOUTH AFRICA, BY FUEL, 2019–2026 (USD MILLION) 159
10.5.5.5.5 By end user 159
TABLE 132 CHP MARKET IN SOUTH AFRICA, BY END USER, 2019–2026 (USD MILLION) 159
10.5.5.6 Algeria 160
10.5.5.6.1 Demand to reduce CO2 emissions and add renewables to energy mix to drive market 160
10.5.5.6.2 By capacity 160
TABLE 133 CHP MARKET IN ALGERIA, BY CAPACITY, 2019–2026 (USD MILLION) 160
10.5.5.6.3 By prime mover 160
TABLE 134 CHP MARKET IN ALGERIA, BY PRIME MOVER, 2019–2026 (USD MILLION) 160
10.5.5.6.4 By fuel 161
TABLE 135 CHP MARKET IN ALGERIA, BY FUEL, 2019–2026 (USD MILLION) 161
10.5.5.6.5 By end user 161
TABLE 136 CHP MARKET IN ALGERIA, BY END USER, 2019–2026 (USD MILLION) 161
10.5.5.7 Rest of Middle East & Africa (MEA) 161
10.5.5.7.1 By capacity 162
TABLE 137 CHP MARKET IN REST OF MEA, BY CAPACITY, 2019–2026 (USD MILLION) 162
10.5.5.7.2 By prime mover 162
TABLE 138 CHP MARKET IN REST OF MEA, BY PRIME MOVER,
2019–2026 (USD MILLION) 162
10.5.5.7.3 By fuel 163
TABLE 139 CHP MARKET IN REST OF MEA, BY FUEL, 2019–2026 (USD MILLION) 163
10.5.5.7.4 By end user 163
TABLE 140 CHP MARKET IN REST OF MEA, BY END USER, 2019–2026 (USD MILLION) 163
10.6 SOUTH AMERICA 164
10.6.1 BY CAPACITY 164
TABLE 141 CHP MARKET IN SOUTH AMERICA, BY CAPACITY, 2019–2026 (USD MILLION) 164
10.6.2 BY PRIME MOVER 164
TABLE 142 CHP MARKET IN SOUTH AMERICA, BY PRIME MOVER, 2019–2026 (USD MILLION) 164
10.6.3 BY FUEL 165
TABLE 143 CHP MARKET IN SOUTH AMERICA, BY FUEL, 2019–2026 (USD MILLION) 165
10.6.4 BY END USER 165
TABLE 144 CHP MARKET IN SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION) 165
10.6.5 BY COUNTRY 165
TABLE 145 CHP MARKET IN SOUTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 165
10.6.5.1 Brazil 166
10.6.5.1.1 Growing power demand from industrial sector is likely to drive Brazilian CHP market 166
10.6.5.1.2 By capacity 166
TABLE 146 CHP MARKET IN BRAZIL, BY CAPACITY, 2019–2026 (USD MILLION) 166
10.6.5.1.3 By prime mover 167
TABLE 147 CHP MARKET IN BRAZIL, BY PRIME MOVER, 2019–2026 (USD MILLION) 167
10.6.5.1.4 By fuel 167
TABLE 148 CHP MARKET IN BRAZIL, BY FUEL, 2019–2026 (USD MILLION) 167
10.6.5.1.5 By end user 168
TABLE 149 CHP MARKET IN BRAZIL, BY END USER, 2019–2026 (USD MILLION) 168
10.6.5.2 Argentina 168
10.6.5.2.1 Increased power demand and unreliable power supply to drive market 168
10.6.5.2.2 By capacity 168
TABLE 150 CHP MARKET IN ARGENTINA, BY CAPACITY , 2019–2026 (USD MILLION) 168
10.6.5.2.3 By prime mover 169
TABLE 151 CHP MARKET IN ARGENTINA, BY PRIME MOVER, 2019–2026 (USD MILLION) 169
10.6.5.2.4 By fuel 169
TABLE 152 CHP MARKET IN ARGENTINA, BY FUEL, 2019–2026 (USD MILLION) 169
10.6.5.2.5 By end user 170
TABLE 153 CHP MARKET IN ARGENTINA, BY END USER, 2019–2026 (USD MILLION) 170
10.6.5.3 Rest of South America 170
10.6.5.3.1 By Capacity 170
TABLE 154 CHP MARKET IN REST OF SOUTH AMERICA, BY CAPACITY ,
2019–2026 (USD MILLION) 170
10.6.5.3.2 By prime mover 171
TABLE 155 CHP MARKET IN REST OF SOUTH AMERICA, BY PRIME MOVER,
2019–2026 (USD MILLION) 171
10.6.5.3.3 By fuel 171
TABLE 156 CHP MARKET IN REST OF SOUTH AMERICA, BY FUEL,
2019–2026 (USD MILLION) 171
10.6.5.3.4 By end user 172
TABLE 157 CHP MARKET IN REST OF SOUTH AMERICA, BY END USER,
2019–2026 (USD MILLION) 172
11 COMPETITIVE LANDSCAPE 173
11.1 KEY PLAYER STRATEGIES 173
TABLE 158 OVERVIEW OF TOP PLAYERS, JANUARY 2017– MARCH 2021 173
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 174
TABLE 159 CHP MARKET: DEGREE OF COMPETITION 174
FIGURE 41 CHP MARKET SHARE ANALYSIS, 2020 175
11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 176
FIGURE 42 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS 176
11.4 COMPANY EVALUATION QUADRANT 177
11.4.1 STAR 177
11.4.2 PERVASIVE 177
11.4.3 EMERGING LEADER 177
11.4.4 PARTICIPANT 177
FIGURE 43 COMPANY EVALUATION QUADRANT: CHP MARKET, 2020 178
TABLE 160 COMPANY PRODUCT FOOTPRINT 179
TABLE 161 BY CAPACITY FOOTPRINT 180
TABLE 162 BY PRIME MOVER FOOTPRINT 181
TABLE 163 BY END USER FOOTPRINT 182
TABLE 164 BY REGION FOOTPRINT 183
11.5 COMPETITIVE SCENARIO 184
TABLE 165 CHP MARKET: PRODUCT LAUNCHES, JANUARY 2017–SEPTEMBER 2021 184
TABLE 166 CHP MARKET: DEALS, JANUARY 2017–DECEMBER 2020 185
TABLE 167 CHP MARKET: OTHER DEVELOPMENTS, JULY 2017–SEPTEMBER 2021 187
12 COMPANY PROFILES 189
12.1 KEY PLAYERS 189
(Business and financial overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1.1 GENERAL ELECTRIC 189
TABLE 168 GENERAL ELECTRIC: BUSINESS OVERVIEW 189
TABLE 169 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 190
TABLE 170 GENERAL ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS 191
TABLE 171 GENERAL ELECTRIC: DEALS 191
TABLE 172 GENERAL ELECTRIC: OTHERS 192
12.1.2 SIEMENS ENERGY 196
TABLE 173 SIEMENS ENERGY: BUSINESS OVERVIEW 196
TABLE 174 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 197
TABLE 175 SIEMENS ENERGY: DEALS 199
TABLE 176 SIEMENS ENERGY: OTHERS 199
12.1.3 VEOLIA 202
TABLE 177 VEOLIA: BUSINESS OVERVIEW 202
TABLE 178 VEOLIA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 203
TABLE 179 VEOLIA: DEALS 204
TABLE 180 VEOLIA: OTHERS 204
12.1.4 WÄRTSILÄ 207
TABLE 181 WÄRTSILÄ: BUSINESS OVERVIEW 207
FIGURE 47 WÄRTSILÄ: COMPANY SNAPSHOT 208
TABLE 182 WÄRTSILÄ: PRODUCTS/SERVICES/SOLUTIONS OFFERED 208
TABLE 183 WÄRTSILÄ: DEALS 209
TABLE 184 WÄRTSILÄ: OTHERS 209
12.1.5 2G ENERGY 211
TABLE 185 2G ENERGY: BUSINESS OVERVIEW 211
FIGURE 48 2G ENERGY: COMPANY SNAPSHOT 212
TABLE 186 2G ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 212
TABLE 187 2G ENERGY: PRODUCT LAUNCHES AND DEVELOPMENTS 213
TABLE 188 2G ENERGY: DEALS 214
TABLE 189 2G ENERGY: OTHERS 214
12.1.6 MAN ENERGY SOLUTIONS 216
TABLE 190 MAN ENERGY SOLUTIONS: BUSINESS OVERVIEW 216
FIGURE 49 MAN ENERGY SOLUTIONS: COMPANY SNAPSHOT 217
TABLE 191 MAN ENERGY SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 218
TABLE 192 MAN ENERGY SOLUTIONS: OTHERS 219
12.1.7 MITSUBISHI HEAVY INDUSTRIES 221
TABLE 193 MITSUBISHI HEAVY INDUSTRIES: BUSINESS OVERVIEW 221
FIGURE 50 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT 222
TABLE 194 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 222
TABLE 195 MITSUBISHI HEAVY INDUSTRIES: DEALS 223
TABLE 196 MITSUBISHI HEAVY INDUSTRIES: OTHERS 224
12.1.8 CLARKE ENERGY 227
TABLE 197 CLARKE E ENERGY: BUSINESS OVERVIEW 227
TABLE 198 CLARKE ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 227
TABLE 199 CLARKE ENERGY: PRODUCT LAUNCHES AND DEVELOPMENTS 228
TABLE 200 CLARKE ENERGY: OTHERS 228
12.1.9 CATERPILLAR 229
TABLE 201 CATERPILLAR: BUSINESS OVERVIEW 229
FIGURE 51 CATERPILLAR: COMPANY SNAPSHOT 230
TABLE 202 CATERPILLAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED 230
TABLE 203 CATERPILLAR: PRODUCT LAUNCHES AND DEVELOPMENTS 231
TABLE 204 CATERPILLAR: OTHERS 231
12.1.10 AB HOLDING 236
TABLE 205 AB HOLDING: BUSINESS OVERVIEW 236
TABLE 206 AB HOLDING: PRODUCTS/SERVICES/SOLUTIONS OFFERED 237
TABLE 207 AB HOLDING: OTHERS 238
12.1.11 FUELCELL ENERGY 240
TABLE 208 FUELCELL ENERGY: BUSINESS OVERVIEW 240
FIGURE 52 FUELCELL ENERGY: COMPANY SNAPSHOT 241
TABLE 209 FUELCELL ENEGRY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 241
TABLE 210 FUELCELL ENERGY: PRODUCT LAUNCHES AND DEVELOPMENTS 242
TABLE 211 FUEL CELL ENERGY: OTHERS 243
12.1.12 CAPSTONE GREEN ENERGY 244
TABLE 212 CAPSTONE GREEN ENERGY: BUSINESS OVERVIEW 244
FIGURE 53 CAPSTONE GREEN ENERGY: COMPANY SNAPSHOT 245
TABLE 213 CAPSTONE GREEN ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 245
TABLE 214 CAPSTONE GREEN ENERGY: PRODUCT LAUNCHES AND DEVELOPMENTS 246
TABLE 215 CAPSTONE GREEN ENERGY: DEALS 246
TABLE 216 CAPSTONE GREEN ENERGY: OTHERS 246
12.1.13 E.ON 252
TABLE 217 E.ON: BUSINESS OVERVIEW 252
TABLE 218 E.ON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 253
TABLE 219 E.ON: PRODUCT LAUNCHES AND DEVELOPMENTS 254
TABLE 220 E.ON: DEALS 254
TABLE 221 E.ON: OTHERS 255
12.1.14 CUMMINS 256
TABLE 222 CUMMINS: BUSINESS OVERVIEW 256
TABLE 223 CUMMINS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 257
TABLE 224 CUMMINS: PRODUCT LAUNCHES AND DEVELOPMENTS 258
TABLE 225 CUMMINS: DEALS 258
TABLE 226 CUMMINS: OTHERS 258
12.1.15 BOSCH 260
TABLE 227 BOSCH: BUSINESS OVERVIEW 260
TABLE 228 BOSCH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 261
TABLE 229 BOSCH: DEALS 262
TABLE 230 BOSCH: OTHERS 262
12.1.16 CENTRICA 263
12.1.17 TECOGEN 264
 
12.1.18 BDR THERMEA GROUP 265
12.1.19 VIESSMANN WERKE 266
12.1.20 DALKIA AEGIS, EDF GROUP 267
12.2 OTHER PLAYERS 268
12.2.1 CLEARCELL POWER 268
12.2.2 H3 COMBINED HEAT AND POWER 269
12.2.3 ENEXOR BIOENERGY 270
12.2.4 RENEWABLE ENERGY SOLUTIONS ENVIRONMENTAL TECHNOLOGY (RESET) 271
12.2.5 HELEC LIMITED 272
*Details on Business and financial overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 273
13.1 INSIGHTS OF INDUSTRY EXPERTS 273
13.2 DISCUSSION GUIDE 274
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 279
13.4 AVAILABLE CUSTOMIZATIONS 281
13.5 RELATED REPORTS 281
13.6 AUTHOR DETAILS 282

Artificial Photosynthesis Market by Application (Hydrocarbon, Hydrogen, Chemicals), Technology (Co-Electrolysis, Photo-Electro Catalysis, Nanotechnolo...

Publisher:        MarketsandMarkets

# of Pages:        107

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Publication Date:  April, 2022

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1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 DEFINITION 15
1.2.1 ARTIFICIAL PHOTOSYNTHESIS MARKET: INCLUSIONS AND EXCLUSIONS 16
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.3.3 YEARS CONSIDERED 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
FIGURE 1 ARTIFICIAL PHOTOSYNTHESIS MARKET: RESEARCH DESIGN 19
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 20
FIGURE 2 DATA TRIANGULATION METHODOLOGY 20
2.2.1 SECONDARY DATA 21
2.2.1.1 Key data from secondary sources 21
2.2.2 PRIMARY DATA 21
2.2.2.1 Key data from primary sources 22
2.2.2.2 Breakdown of primaries 22
2.3 MARKET SIZE ESTIMATION 23
2.3.1 SUPPLY-SIDE ANALYSIS 23
2.3.1.1 Assumptions of supply-side analysis 23
2.3.1.2 Calculation of supply-side analysis 23
2.3.2 DEMAND-SIDE ANALYSIS 23
2.3.2.1 Assumptions for demand-side analysis 23
2.3.2.2 Limitation for demand-side analysis 24
2.3.2.3 Calculation of demand-side analysis 24
2.3.3 FORECAST 24
3 EXECUTIVE SUMMARY 25
TABLE 1 ARTIFICIAL PHOTOSYNTHESIS MARKET SNAPSHOT 25
FIGURE 3 ASIA PACIFIC HELD LARGEST SHARE OF ARTIFICIAL PHOTOSYNTHESIS MARKET IN 2021 26
FIGURE 4 DURING 2018–2022, MOST-USED STRATEGY BY COMPANIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET WAS COLLABORATIONS 26
 
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET 27
FIGURE 5 GROWING DEMAND FOR GREEN H2 AND ECO-FRIENDLY LIQUID FUELS TO BOOST MARKET GROWTH BETWEEN 2022 AND 2030 27
4.2 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION 28
FIGURE 6 ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 29
5.2 MARKET DYNAMICS 30
FIGURE 7 ARTIFICIAL PHOTOSYNTHESIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 30
FIGURE 8 ENERGY-RELATED CO2 EMISSIONS, 1990–2019 (GT CO2) 31
5.3 PATENT ANALYSIS 33
TABLE 2 ARTIFICIAL PHOTOSYNTHESIS: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–FEBRUARY 2022 33
5.4 CASE STUDY ANALYSIS 34
5.4.1 US AIR FORCE PLANS FOR TRANSITION TO SUSTAINABLE AVIATION FUEL 34
5.4.1.1 Problem statement 34
5.4.1.2 Solution 34
5.4.2 PROCTOR AND GAMBLE’S OATH FOR CARBON NEUTRALITY BY 2040 34
5.4.2.1 Problem statement 34
5.4.2.2 Solution 34
5.5 KEY CONFERENCES AND EVENTS IN 2022 & 2023 34
TABLE 3 ARTIFICIAL PHOTOSYNTHESIS: DETAILED LIST OF CONFERENCES & EVENTS 34
5.6 GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 36
TABLE 4 GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 36
5.7 TECHNOLOGICAL ANALYSIS 37
5.8 TRENDS/DISRUPTIONS IMPACTING VARIOUS PROBABLE END USERS 38
FIGURE 9 REVENUE SHIFT FOR ARTIFICIAL PHOTOSYNTHESIS PROVIDERS 38
5.9 ECOSYSTEM 38
TABLE 5 ARTIFICIAL PHOTOSYNTHESIS MARKET: ECOSYSTEM 38
5.10 INDICATIVE PRICING ANALYSIS 39
TABLE 6 AVERAGE PRICE OF TITANIUM DIOXIDE, BY REGION, QUARTER ENDING DECEMBER 2021 39
6 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY APPLICATION 40
6.1 INTRODUCTION 41
6.2 HYDROCARBONS 41
6.3 HYDROGEN 42
6.4 CHEMICALS 42
7 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY TECHNOLOGY 43
7.1 INTRODUCTION 44
7.2 PHOTO-ELECTRO CATALYSIS 44
7.3 CO-ELECTROLYSIS 44
7.4 OTHERS 44
7.4.1 NANOTECHNOLOGY 44
7.4.2 HYBRID PROCESS 45
8 GEOGRAPHICAL ANALYSIS 46
8.1 INTRODUCTION 47
FIGURE 11 REGIONAL SNAPSHOT: ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 12 ARTIFICIAL PHOTOSYNTHESIS MARKET SHARE (VALUE), BY REGION, 2021 47
TABLE 7 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION,
2020–2030 (USD THOUSAND) 48
8.2 NORTH AMERICA 48
FIGURE 13 NORTH AMERICA: REGIONAL SNAPSHOT 48
TABLE 8 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN NORTH AMERICA 49
8.2.1 BY COUNTRY 49
TABLE 9 ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2030 (USD THOUSAND) 49
8.2.1.1 US 50
8.2.1.1.1 Growing demand for clean energy generation and emphasis on R&D of artificial photosynthesis technology 50
8.2.1.1.2 Macro factors 50
TABLE 10 US: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 50
TABLE 11 US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 50
8.2.1.2 Canada 50
8.2.1.2.1 Increasing demand for green hydrogen is driving research activities for artificial photosynthesis 50
8.2.1.2.2 Macro factors 51
TABLE 12 CANADA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 51
TABLE 13 CANADA: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2) 51
8.3 ASIA PACIFIC 51
FIGURE 14 ASIA PACIFIC: REGIONAL SNAPSHOT 52
TABLE 14 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN ASIA PACIFIC 52
8.3.1 BY COUNTRY 53
TABLE 15 ARTIFICIAL PHOTOSYNTHESIS MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2030 (USD THOUSAND) 53
8.3.1.1 China 53
8.3.1.1.1 Growing research and development activities for sustainable hydrogen generation 53
8.3.1.1.2 Macro factors 53
TABLE 16 CHINA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 53
TABLE 17 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 53
8.3.1.2 Japan 54
8.3.1.2.1 Increasing funding by national R&D agency for establishing large-scale hydrogen supply chain 54
8.3.1.2.2 Macro factors 54
TABLE 18 JAPAN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 54
TABLE 19 JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 54
8.3.1.3 South Korea 54
8.3.1.3.1 Surging investments by government supporting hydrogen generation technologies 54
8.3.1.3.2 Macro factors 55
TABLE 20 SOUTH KOREA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 55
8.3.1.4 India 55
8.3.1.4.1 Rising focus of Government of India to increase share of renewables 55
8.3.1.4.2 Macro factors 55
TABLE 21 INDIA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 55
TABLE 22 INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 55
8.4 EUROPE 56
TABLE 23 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN EUROPE 56
8.4.1 BY COUNTRY 57
TABLE 24 ARTIFICIAL PHOTOSYNTHESIS MARKET IN EUROPE, BY COUNTRY,
2020–2030 (USD THOUSAND) 57
8.4.1.1 Germany 57
8.4.1.1.1 Growing investments in R&D activities for artificial photosynthesis 57
8.4.1.1.2 Macro factors 58
TABLE 25 GERMANY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 58
TABLE 26 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 58
8.4.1.2 France 58
8.4.1.2.1 Surging use of renewable energy sources for sustainable development 58
8.4.1.2.2 Macro factors 58
TABLE 27 FRANCE: HYDROGEN PRODUCTION CAPACITIES AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 58
TABLE 28 FRANCE: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2) 58
8.4.1.3 Italy 59
8.4.1.3.1 Surging adoption of green technologies to curb carbon emission 59
8.4.1.3.2 Macro factors 59
TABLE 29 ITALY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 59
8.4.1.4 Spain 59
8.4.1.4.1 Rising expenditure on R&D activities on artificial photosynthesis 59
8.4.1.4.2 Macro factors 60
TABLE 30 SPAIN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 60
8.4.1.5 Rest of Europe 60
8.4.1.5.1 Macro factors 60
TABLE 31 REST OF EUROPE: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 60
8.5 REST OF THE WORLD 61
8.5.1 MACRO FACTORS 61
TABLE 32 REST OF WORLD: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 61
9 COMPETITIVE LANDSCAPE 62
9.1 OVERVIEW 62
9.2 COMPETITIVE SCENARIO & TRENDS 62
TABLE 33 ARTIFICIAL PHOTOSYNTHESIS MARKET: DEALS, JANUARY 2016–
FEBRUARY 2022 62
TABLE 34 ARTIFICIAL PHOTOSYNTHESIS MARKET: OTHERS JANUARY 2016–
FEBRUARY 2022 63
9.3 RECENT MARKET DEVELOPMENTS 63
TABLE 35 KEY DEVELOPMENTS IN ARTIFICIAL PHOTOSYNTHESIS MARKET,
JANUARY 2012–FEBRUARY 2022 63
9.4 INDUSTRY CONCENTRATION 65
9.5 COMPANY EVALUATION QUADRANT 65
9.5.1 STAR 65
9.5.2 PERVASIVE 65
9.5.3 EMERGING LEADER 65
9.5.4 PARTICIPANT 66
FIGURE 16 COMPETITIVE LEADERSHIP MAPPING: ARTIFICIAL PHOTOSYNTHESIS MARKET, 2020 66
TABLE 36 ARTIFICIAL PHOTOSYNTHESIS: COMPANY FOOTPRINT 67
TABLE 37 COMPETITIVE BENCHMARKING: DETAILED LIST OF KEY PLAYERS 67
9.6 COMPANY PRODUCT COVERAGE 68
TABLE 38 ARTIFICIAL PHOTOSYNTHESIS: COMPANY PRODUCT COVERAGE 68
10 COMPANY PROFILES 69
(Business overview, Products offered, Recent Developments, MNM view)*
10.1 ORIGINAL EQUIPMENT MANUFACTURERS 69
10.1.1 ENGIE 69
TABLE 39 ENGIE: BUSINESS OVERVIEW 69
FIGURE 17 ENGIE: COMPANY SNAPSHOT 2020 70
TABLE 40 ENGIE: DEALS 70
10.1.2 PANASONIC CORPORATION 72
TABLE 41 PANASONIC CORPORATION: BUSINESS OVERVIEW 72
FIGURE 18 PANASONIC CORPORATION: COMPANY SNAPSHOT 2020 73
TABLE 42 PANASONIC CORPORATION: OTHERS 73
10.1.3 FUJITSU 75
TABLE 43 FUJITSU: BUSINESS OVERVIEW 75
FIGURE 19 FUJITSU: COMPANY SNAPSHOT 2020 76
TABLE 44 FUJITSU: DEALS 76
10.1.4 MITSUBISHI CHEMICAL CORPORATION 78
TABLE 45 MITSUBISHI CHEMICAL CORPORATION: BUSINESS OVERVIEW 78
TABLE 46 MITSUBISHI CHEMICAL CORPORATION: DEALS 78
10.1.5 TOSHIBA CORPORATION 79
TABLE 47 TOSHIBA CORPORATION: BUSINESS OVERVIEW 79
FIGURE 20 TOSHIBA CORPORATION: COMPANY SNAPSHOT 2020 80
TABLE 48 TOSHIBA CORPORATION: OTHERS 80
10.1.6 TOYOTA CENTRAL R&D LABS., INC. 81
TABLE 49 TOYOTA CENTRAL R&D LABS., INC.: BUSINESS OVERVIEW 81
TABLE 50 TOYOTA CENTRAL R&D LABS., INC.: OTHERS 81
10.1.7 SIEMENS ENERGY 82
TABLE 51 SIEMENS ENERGY: BUSINESS OVERVIEW 82
FIGURE 21 SIEMENS ENERGY: COMPANY SNAPSHOT 2020 83
TABLE 52 SIEMENS ENERGY: DEALS 83
10.1.8 FUJIFILM CORPORATION 85
TABLE 53 FUJIFILM CORPORATION: BUSINESS OVERVIEW 85
TABLE 54 FUJIFILM CORPORATION: DEALS 85
10.1.9 TWELVE (FORMERLY KNOWN AS, OPUS 12) 86
TABLE 55 TWELVE (FORMERLY KNOWN AS, OPUS 12): BUSINESS OVERVIEW 86
TABLE 56 TWELVE (FORMERLY KNOWN AS, OPUS 12): DEALS 86
10.1.10 EVONIK INDUSTRIES AG 88
TABLE 57 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW 88
FIGURE 22 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 2020 89
TABLE 58 EVONIK INDUSTRIES AG: OTHERS 89
 
10.2 R&D INSTITUTES 91
10.2.1 BERKELEY LAB 91
TABLE 59 BERKELEY LAB: OVERVIEW 91
TABLE 60 BERKELEY LAB: DEALS 91
10.2.2 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA 93
TABLE 61 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OVERVIEW 93
TABLE 62 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OTHERS 93
10.2.3 INDIAN INSTITUTE OF SCIENCE(IISC) 94
TABLE 63 INDIAN INSTITUTE OF SCIENCE (IISC): OVERVIEW 94
10.2.4 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID
FUELS (CHASE) 95
TABLE 64 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): OVERVIEW 95
TABLE 65 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): DEALS 95
10.2.5 ICIQ 96
TABLE 66 ICIQ: OVERVIEW 96
10.2.6 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION 97
TABLE 67 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: OVERVIEW 97
TABLE 68 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: DEALS 97
10.2.7 UNIVERSITY OF TORONTO 98
10.2.8 THE UNIVERSITY OF PAU AND PAYS DE L’ADOUR 99
10.2.9 UNIVERSITY OF BOLOGNA 100
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11 APPENDIX 101
11.1 INSIGHTS OF INDUSTRY EXPERTS 101
11.2 DISCUSSION GUIDE 102
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 105
11.4 AVAILABLE CUSTOMIZATIONS 107
11.5 RELATED REPORTS 107
11.6 AUTHOR DETAILS 108

Solid Oxide Fuel Cell Market by Type (Planar & Tubular), Application (Portable, Stationary, & Transport), End User (Commercial & Industrial, Data Cent...

Publisher:        MarketsandMarkets

# of Pages:        231

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Publication Date:  March, 2022

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1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 DEFINITION 28
1.3 INCLUSIONS AND EXCLUSIONS 29
1.3.1 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 29
1.3.2 SOLID OXIDE FUEL CELL MARKET, BY END USER 29
1.4 MARKET SCOPE 30
1.4.1 SOLID OXIDE FUEL CELL MARKET SEGMENTATION 30
1.4.2 REGIONAL SCOPE 30
1.5 YEARS CONSIDERED 31
1.6 CURRENCY 31
1.7 LIMITATIONS 31
1.8 STAKEHOLDERS 32
1.9 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 SOLID OXIDE FUEL CELL MARKET: RESEARCH DESIGN 35
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 36
FIGURE 2 DATA TRIANGULATION METHODOLOGY 36
2.2.1 SECONDARY DATA 37
2.2.2 PRIMARY DATA 37
2.2.2.1 Key insights from primary sources 38
2.2.2.2 Breakdown of primaries 39
2.3 MARKET SIZE ESTIMATION 39
2.3.1 BOTTOM-UP APPROACH 39
FIGURE 3 SOLID OXIDE FUEL CELL MARKET: INDUSTRY-/REGION- WISE ANALYSIS 40
2.3.2 TOP-DOWN APPROACH 40
FIGURE 4 SOLID OXIDE FUEL CELL MARKET: TOP-DOWN APPROACH 41
2.3.3 DEMAND SIDE METRICS 42
FIGURE 5 MAIN METRICS CONSIDERED FOR ANALYZING DEMAND FOR SOLID OXIDE FUEL CELLS 42
2.3.3.1 Regional analysis 42
2.3.3.2 Country analysis 42
2.3.3.3 Demand-side key assumptions 43
2.3.3.4 Demand-side calculation 43
2.3.4 SUPPLY-SIDE ANALYSIS 44
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SOLID OXIDE FUEL CELLS 44
FIGURE 7 SOLID OXIDE FUEL CELL MARKET: SUPPLY-SIDE ANALYSIS 45
2.3.4.1 Calculations for supply side 45
2.3.4.2 Assumptions for supply side 45
FIGURE 8 SOLID OXIDE FUEL CELL MARKET: MARKET SHARE ANALYSIS 46
2.4 FORECAST 46
3 EXECUTIVE SUMMARY 47
TABLE 1 SOLID OXIDE FUEL CELL MARKET SNAPSHOT 47
FIGURE 9 NORTH AMERICA HELD LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET IN 2021 48
FIGURE 10 PLANAR SEGMENT EXPECTED TO DOMINATE SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2022–2027 49
FIGURE 11 STATIONARY SEGMENT EXPECTED TO LEAD SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2022–2027 49
FIGURE 12 COMMERCIAL & INDUSTRIAL SEGMENT EXPECTED TO LEAD SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2027 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN SOLID OXIDE FUEL CELL MARKET 51
FIGURE 13 INCREASING DEMAND FOR CLEAN POWER GENERATION TO BOOST MARKET GROWTH FROM 2022 TO 2027 51
4.2 SOLID OXIDE FUEL CELL MARKET, BY REGION 52
FIGURE 14 SOLID OXIDE FUEL CELL MARKET TO EXHIBIT HIGHEST CAGR IN ASIA PACIFC DURING FORECAST PERIOD 52
4.3 NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY END USER AND COUNTRY 52
FIGURE 15 COMMERCIAL & INDUSTRIAL END USER AND US HELD LARGEST SHARES OF SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA IN 2021 52
4.4 SOLID OXIDE FUEL CELL MARKET, BY TYPE 53
FIGURE 16 PLANAR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE, BY TYPE, IN 2027 53
4.5 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 53
FIGURE 17 STATIONARY SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, IN 2027 53
4.6 SOLID OXIDE FUEL CELL MARKET, BY END USER 54
FIGURE 18 COMMERCIAL & INDUSTRIAL SEGMENT TO DOMINATE SOLID OXIDE FUEL CELL MARKET, BY END USER, IN 2027 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 COVID-19 HEALTH ASSESSMENT 55
FIGURE 19 GLOBAL PROPAGATION OF COVID-19 56
FIGURE 20 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES 56
5.3 COVID-19 ECONOMIC ASSESSMENT 57
FIGURE 21 COMPARISON OF GDP FOR SELECTED G20 COUNTRIES IN 2020 57
5.4 MARKET DYNAMICS 58
FIGURE 22 SOLID OXIDE FUEL CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.4.1 DRIVERS 58
5.4.1.1 Government subsidies and increased R&D on fuel cell programs 58
5.4.1.2 Fuel flexibility and increasing demand for energy-efficient power generation 59
5.4.1.3 Stringent emission norms in Europe and North America leading to demand for clean energy sources 59
FIGURE 23 ENERGY-RELATED CO2 EMISSIONS, 1990–2019 (GT CO2) 60
5.4.2 RESTRAINTS 60
5.4.2.1 High fuel cell installation and manufacturing costs 60
5.4.2.2 Development of other types of fuel cells 60
5.4.2.3 Storage issues associated with hydrogen as fuel for SOFCs 60
5.4.3 OPPORTUNITIES 61
5.4.3.1 Rising distributed power generation applications across regions 61
TABLE 2 COMPARISON OF FUEL CELLS AND OTHER DISTRIBUTED POWER GENERATION SOURCES 61
5.4.3.2 Increasing adoption by end users in data centers and military sector 61
5.4.4 CHALLENGES 62
5.4.4.1 High operating temperatures and start-up time of SOFCs 62
5.4.4.2 Rise in investments in alternative clean technologies 62
FIGURE 24 RISE IN GLOBAL INVESTMENTS IN RENEWABLE ENERGY 62
5.4.4.3 High ceramic interconnect cost and degradation at high temperatures 63
5.5 IMPACT OF COVID-19 63
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 64
FIGURE 25 REVENUE SHIFT FOR SOLID OXIDE FUEL CELL PROVIDERS 64
5.7 MARKET MAP 65
FIGURE 26 MARKET MAP: SOLID OXIDE FUEL CELL MARKET 65
TABLE 3 SOLID OXIDE FUEL CELL MARKET: ROLE IN ECOSYSTEM 65
5.8 VALUE CHAIN ANALYSIS 66
FIGURE 27 VALUE CHAIN ANALYSIS: SOLID OXIDE FUEL CELL MARKET 67
5.8.1 COMPONENT MANUFACTURERS 67
5.8.2 ASSEMBLERS/MANUFACTURERS 67
5.8.3 DISTRIBUTORS (BUYERS)/END USERS 67
5.9 PRICING ANALYSIS 68
TABLE 4 SOLID OXIDE FUEL CELL MARKET: AVERAGE SELLING PRICES AND COST BREAK-UP OF SOFC STACK MANUFACTURING 68
TABLE 5 SOLID OXIDE FUEL CELL MARKET: SOLID OXIDE FUEL CELL APU BALANCE OF PLANT COST BREAKUP 69
FIGURE 28 SOFC STACK MANUFACTURING COST PER KW AS MEASURE OF NUMBER OF STACKS & SYSTEM SIZE 69
5.10 TARIFFS AND REGULATORY LANDSCAPE 70
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.10.2 REGULATIONS RELATED TO SOLID OXIDE FUEL CELLS 71
5.10.2.1 Regulatory framework in North America 71
5.10.2.2 Regulatory framework in Europe 72
5.10.2.3 Regulatory framework in Asia Pacific 72
5.11 PATENT ANALYSIS 73
TABLE 9 SOLID OXIDE FUEL CELL: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–FEBRUARY 2022 73
5.12 CASE STUDY ANALYSIS 74
5.12.1 IKEA USES FUEL CELLS FOR ON-SITE POWER GENERATION 74
5.12.1.1 Problem statement 74
5.12.1.2 Solution 74
5.12.2 SAMSUNG HEAVY INDUSTRIES PLANS FOR CLEAN POWER SHIPS UNDER JOINT DEVELOPMENT AGREEMENT WITH BLOOM ENERGY 75
5.12.2.1 Problem statement 75
5.12.2.2 Solution 75
5.13 TECHNOLOGICAL ANALYSIS 75
5.13.1 DEVELOPMENT OF HYBRID SOFC TECHNOLOGIES 76
5.14 KEY CONFERENCES AND EVENTS IN 2022 & 2023 77
TABLE 10 SOLID OXIDE FUEL CELL MARKET: DETAILED LIST OF CONFERENCES & EVENTS 77
5.15 MATERIAL ANALYSIS 78
FIGURE 29 CLASSIFICATION OF SOLID OXIDE FUEL CELL MARKET BY OPERATING TEMPERATURE 78
TABLE 11 SOLID OXIDE FUEL CELL MARKET: CURRENT SCENARIO OF MATERIAL SELECTION 79
TABLE 12 SOLID OXIDE FUEL CELL MARKET: TYPES OF SOFC SUPPORT STRUCTURES 80
FIGURE 30 SOLID OXIDE FUEL CELL MARKET: EFFECT OF CATHODE LAYER THICKNESS ON PERFORMANCE 81
TABLE 13 SOLID OXIDE FUEL CELL MARKET: INTECONNECT COATINGS 81
TABLE 14 SOLID OXIDE FUEL CELL MARKET: UPCOMING MATERIAL TRENDS 83
5.16 PORTER’S FIVE FORCES ANALYSIS 83
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS FOR SOLID OXIDE FUEL CELL MARKET 84
TABLE 15 SOLID OXIDE FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS 84
6 SOLID OXIDE FUEL CELL MARKET, BY TYPE 87
6.1 INTRODUCTION 88
FIGURE 32 SOLID OXIDE FUEL CELL MARKET SHARE, BY TYPE, 2021 88
TABLE 16 SOLID OXIDE FUEL CELL MARKET BY TYPE, 2020–2027 (USD MILLION) 88
6.2 PLANAR 89
6.2.1 USE OF SIMPLE GEOMETRY AND RELATIVELY EASIER CONSTRUCTION PROCESS ARE PROPELLING GROWTH OF PLANAR SOFC SEGMENT 89
TABLE 17 PLANAR SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 89
6.3 TUBULAR 89
6.3.1 RAPID START-UP CAPABILITIES AND HIGH POWER DENSITIES OF TUBULAR SOFCS ARE LIKELY TO DRIVE MARKET GROWTH 89
TABLE 18 TUBULAR SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 90
7 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 91
7.1 INTRODUCTION 92
FIGURE 33 SOLID OXIDE FUEL CELL MARKET SHARE, BY APPLICATION, 2021 92
TABLE 19 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 92
7.2 PORTABLE 93
7.2.1 PORTABLE SOLID OXIDE FUEL CELLS ARE MAINLY USED BY MILITARY ORGANIZATIONS 93
TABLE 20 PORTABLE: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 93
7.3 STATIONARY 94
7.3.1 STATIONARY SOLID OXIDE FUEL CELLS ARE WELL SUITED FOR STATIONARY POWER GENERATION 94
TABLE 21 STATIONARY: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 94
7.4 TRANSPORT 95
7.4.1 INCREASE IN DEVELOPMENT OF SOFCS FOR OPERATING HEAVY-DUTY VEHICLES TO DRIVE MARKET GROWTH 95
TABLE 22 TRANSPORT: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 96
8 SOLID OXIDE FUEL CELL MARKET, BY END USER 97
8.1 INTRODUCTION 98
FIGURE 34 SOLID OXIDE FUEL CELL MARKET SHARE, BY END USER, 2021 98
TABLE 23 SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2027 (USD MILLION) 98
8.2 RESIDENTIAL 99
8.2.1 RISING NEED FOR ENERGY REDUCTION AND ENERGY EFFICIENCY IN RESIDENTIAL AREAS IS LIKELY TO DRIVE GROWTH OF RESIDENTIAL SEGMENT 99
TABLE 24 RESIDENTIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 99
8.3 COMMERCIAL & INDUSTRIAL 100
8.3.1 NEED TO DECREASE CARBON EMISSION & INCREASING INVESTMENTS IN SHIPPING INDUSTRY LIKELY TO BOOST GROWTH OF COMMERCIAL & INDUSTRIAL SEGMENT 100
TABLE 25 COMMERCIAL & INDUSTRIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (USD MILLION) 101
8.4 DATA CENTERS 101
8.4.1 GROWING NEED FOR BACK-UP POWER IN DATA CENTERS DURING OUTAGES TO SPUR GROWTH OF DATA CENTER SEGMENT 101
TABLE 26 DATA CENTERS: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 102
8.5 MILITARY & DEFENSE 102
8.5.1 HIGHER EFFICIENCIES OF SOFC SPUR DEMAND FOR SOLID OXIDE FUEL CELLS FOR MILITARY MISSIONS 102
TABLE 27 MILITARY & DEFENSE: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (MILLION) 103
9 GEOGRAPHIC ANALYSIS 104
9.1 INTRODUCTION 105
FIGURE 35 REGIONAL SNAPSHOT: ASIA PACIFIC IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
FIGURE 36 SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2021 105
TABLE 28 SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (USD MILLION) 106
TABLE 29 SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (MW) 106
9.2 NORTH AMERICA 107
FIGURE 37 SNAPSHOT: SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA,
2021–2027 107
9.2.1 BY COUNTRY 108
TABLE 30 SOLID OXIDE FUEL CELL IN NORTH AMERICA, BY COUNTRY,
2020–2027 (USD MILLION) 108
TABLE 31 SOLID OXIDE FUEL CELL IN NORTH AMERICA, BY COUNTRY,
2020–2027 (MW) 108
9.2.2 BY TYPE 108
TABLE 32 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY TYPE,
2020–2027 (USD MILLION) 108
TABLE 33 SOLID OXIDE FUEL CELL FOR PLANAR IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 108
TABLE 34 SOLID OXIDE FUEL CELL FOR TUBULAR IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 109
9.2.3 BY APPLICATION 109
TABLE 35 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2027 (USD MILLION) 109
TABLE 36 SOLID OXIDE FUEL CELL FOR PORTABLE IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 109
TABLE 37 SOLID OXIDE FUEL CELL FOR STATIONARY IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 110
TABLE 38 SOLID OXIDE FUEL CELL FOR TRANSPORT NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 110
9.2.4 BY END USER 110
TABLE 39 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY END USER,
2020–2027 (USD MILLION) 110
TABLE 40 SOLID OXIDE FUEL CELL FOR RESIDENTIAL IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 41 SOLID OXIDE FUEL CELL FOR COMMERCIAL & INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 42 SOLID OXIDE FUEL CELL FOR DATA CENTERS IN NORTH AMERICA,
BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 43 SOLID OXIDE FUEL CELL FOR MILITARY & DEFENSE IN NORTH AMERICA,
BY COUNTRY, 2020–2027 (USD MILLION) 112
9.2.4.1 US 112
9.2.4.1.1 Growing demand for clean energy generation and emphasis on R&D of SOFC technology are driving market growth in US 112
TABLE 44 SOLID OXIDE FUEL CELL MARKET IN US, BY TYPE, 2020–2027 (USD MILLION) 113
TABLE 45 SOLID OXIDE FUEL CELL MARKET IN US, BY APPLICATION,
2020–2027 (USD MILLION) 113
TABLE 46 SOLID OXIDE FUEL CELL MARKET IN US, BY END USER,
2020–2027 (USD MILLION) 113
9.2.4.2 Canada 114
9.2.4.2.1 Government policies advocating use of SOFC technology to provide lucrative opportunities for solid oxide fuel cell market growth in Canada 114
TABLE 47 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY TYPE,
2020–2027 (USD MILLION) 114
TABLE 48 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY APPLICATION,
2020–2027 (USD MILLION) 115
TABLE 49 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY END USER,
2020–2027 (USD MILLION) 115
9.3 ASIA PACIFIC 116
FIGURE 38 SNAPSHOT: SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, 2021–2027 117
9.3.1 BY COUNTRY 117
TABLE 50 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2027 (USD MILLION) 117
TABLE 51 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2027 (MW) 118
9.3.2 BY TYPE 118
TABLE 52 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE,
2020–2027 (USD MILLION) 118
TABLE 53 SOLID OXIDE FUEL CELL MARKET FOR PLANAR IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 118
TABLE 54 SOLID OXIDE FUEL CELL MARKET FOR TUBULAR IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 119
9.3.3 BY APPLICATION 119
TABLE 55 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY APPLICATION,
2020–2027 (USD MILLION) 119
TABLE 56 SOLID OXIDE FUEL CELL MARKET FOR PORTABLE IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 119
TABLE 57 SOLID OXIDE FUEL CELL MARKET FOR STATIONARY IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 120
TABLE 58 SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 120
9.3.4 BY END USER 120
TABLE 59 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY END USER,
2020–2027 (USD MILLION) 120
TABLE 60 SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 61 SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL IN
ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 62 SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 63 SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION) 122
9.3.4.1 JAPAN 122
9.3.4.1.1 Progressive commercialization of SOFC technology in Japan contributes to growth of SOFC market 122
TABLE 64 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY TYPE,
2020–2027 (USD MILLION) 122
TABLE 65 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY APPLICATION,
2020–2027 (USD MILLION) 123
TABLE 66 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY END USER,
2020–2027 (USD MILLION) 123
9.3.4.2 South Korea 123
9.3.4.2.1 Increasing investment by SOFC manufactures likely to drive SOFC market growth in South Korea 123
TABLE 67 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY TYPE,
2020–2027 (USD MILLION) 124
TABLE 68 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY APPLICATION,
2020–2027 (USD MILLION) 124
TABLE 69 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY END USER,
2020–2027 (USD MILLION) 125
9.3.4.3 China 125
9.3.4.3.1 Decarbonization and air quality needs in transportation market to drive market for SOFCs in China 125
TABLE 70 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY TYPE,
2020–2027 (USD MILLION) 125
TABLE 71 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY APPLICATION,
2020–2027 (USD MILLION) 126
TABLE 72 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY END USER,
2020–2027 (USD MILLION) 126
9.3.4.4 Rest of Asia Pacific 126
TABLE 73 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE,
2020–2027 (USD MILLION) 126
TABLE 74 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2020–2027 (USD MILLION) 127
TABLE 75 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION) 127
9.4 EUROPE 127
9.4.1 BY COUNTRY 128
TABLE 76 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY COUNTRY,
2020–2027 (USD THOUSAND) 128
TABLE 77 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY COUNTRY,
2020–2027 (MW) 128
9.4.2 BY TYPE 128
TABLE 78 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY TYPE,
2020–2027 (USD MILLION) 128
TABLE 79 SOLID OXIDE FUEL CELL MARKET FOR PLANAR IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION) 129
TABLE 80 SOLID OXIDE FUEL CELL MARKET FOR TUBULAR IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 129
9.4.3 BY APPLICATION 129
TABLE 81 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY APPLICATION,
2020–2027 (USD MILLION) 129
TABLE 82 SOLID OXIDE FUEL CELL MARKET FOR PORTABLE IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
TABLE 83 SOLID OXIDE FUEL CELL MARKET FOR STATIONARY IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
TABLE 84 SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
9.4.4 BY END USER 131
TABLE 85 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY END USER,
2020–2027 (USD MILLION) 131
TABLE 86 SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 131
TABLE 87 SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION) 131
TABLE 88 SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 132
TABLE 89 SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 132
9.4.4.1 Germany 132
9.4.4.1.1 Growing investment in R&D activities is likely to drive SOFC market growth in Germany 132
TABLE 90 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY TYPE,
2020–2027 (USD MILLION) 133
TABLE 91 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY APPLICATION,
2020–2027 (USD MILLION) 133
TABLE 92 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY END USER,
2020–2027 (USD MILLION) 134
9.4.4.2 UK 134
9.4.4.2.1 Emission regulations are driving innovation in SOFC technology in UK 134
TABLE 93 SOLID OXIDE FUEL CELL MARKET IN UK, BY TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 SOLID OXIDE FUEL CELL MARKET IN UK, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 95 SOLID OXIDE FUEL CELL MARKET IN UK, BY END USER,
2020–2027 (USD MILLION) 135
9.4.4.3 Italy 135
9.4.4.3.1 Growing adoption of SOFCs to curb carbon emission is driving SOFC market growth in Italy 135
TABLE 96 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY TYPE,
2020–2027 (USD THOUSAND) 136
TABLE 97 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY APPLICATION,
2020–2027 (USD THOUSAND) 136
TABLE 98 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY END USER,
2020–2027 (USD MILLION) 136
9.4.4.4 Rest of Europe 137
TABLE 99 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY TYPE,
2020–2027 (USD THOUSAND) 137
TABLE 100 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY APPLICATION, 2020–2027 (USD THOUSANDS) 137
TABLE 101 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY END USER,
2020–2027 (USD THOUSANDS) 138
9.5 REST OF THE WORLD 138
9.5.1 BY TYPE 138
TABLE 102 SOLID OXIDE FUEL CELL MARKET IN ROW, BY TYPE,
2020–2027 (USD MILLION) 138
9.5.2 BY APPLICATION 139
TABLE 103 SOLID OXIDE FUEL CELL MARKET IN ROW, BY APPLICATION,
2020–2027 (USD THOUSAND) 139
9.5.3 BY END USER 139
TABLE 104 SOLID OXIDE FUEL CELL MARKET IN ROW, BY END USER,
2020–2027 (USD MILLION) 139
10 COMPETITIVE LANDSCAPE 140
10.1 KEY PLAYERS STRATEGIES 140
TABLE 105 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS,
JANUARY 2017– FEBRURAY 2022 140
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 144
TABLE 106 SOLID OXIDE FUEL CELL MARKET: DEGREE OF COMPETITION 144
FIGURE 39 SOLID OXIDE FUEL CELL MARKET SHARE ANALYSIS, 2021 144
10.3 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 145
FIGURE 40 5 YEAR SEGMENTAL ANALYSIS OF TOP PLAYERS FROM 2016 TO 2020 145
10.4 COMPANY EVALUATION QUADRANT 146
10.4.1 STAR 146
10.4.2 PERVASIVE 146
10.4.3 EMERGING LEADER 146
10.4.4 PARTICIPANT 146
FIGURE 41 COMPETITIVE LEADERSHIP MAPPING: SOLID OXIDE FUEL CELL MARKET, 2020 147
10.5 SOLID OXIDE FUEL CELL: COMPANY FOOTPRINT 148
TABLE 107 BY END USER: COMPANY FOOTPRINT 148
TABLE 108 BY REGION: COMPANY FOOTPRINT 149
TABLE 109 BY APPLICATION: COMPANY FOOTPRINT 150
TABLE 110 COMPANY FOOTPRINT 151
10.6 COMPETITIVE SCENARIO 152
TABLE 111 SOLID OXIDE FUEL CELL MARKET: PRODUCT LAUNCHES,
JANUARY 2017– FEBRUARY 2022 152
TABLE 112 SOLID OXIDE FUEL CELL: DEALS, JANURAY 2017– FEBRUARY 2022 153
TABLE 113 SOLID OXIDE FUEL CELL MARKET: OTHERS, JANURAY 2017 – FEBRURAY 2022 154
10.7 START-UP/SME EVALUATION QUADRANT, 2020 155
10.7.1 PROGRESSIVE COMPANY 155
10.7.2 RESPONSIVE COMPANY 155
10.7.3 DYNAMIC COMPANY 155
10.7.4 STARTING BLOCK 155
FIGURE 42 SOLID OXIDE FUEL CELL MARKET: START-UP/SME EVALUATION QUADRANT, 2020 156
10.8 COMPETITIVE BENCHMARKING 157
TABLE 114 SOLID OXIDE FUEL CELL MARKET: DETAILED LIST OF KEY STARTUP/SMES 157
TABLE 115 SOLID OXIDE FUEL CELL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 158
11 COMPANY PROFILES 159
11.1 KEY PLAYERS 159
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
11.1.1 BLOOM ENERGY 159
TABLE 116 BLOOM ENERGY: BUSINESS OVERVIEW 159
FIGURE 43 BLOOM ENERGY: COMPANY SNAPSHOT, 2020 160
TABLE 117 BLOOM ENERGY: PRODUCTS OFFERED 160
TABLE 118 BLOOM ENERGY: PRODUCT LAUNCHES 161
TABLE 119 BLOOM ENERGY: DEALS 161
TABLE 120 BLOOM ENERGY: OTHERS 167
11.1.2 AISIN CORPORATION 169
TABLE 121 AISIN CORPORATION: BUSINESS OVERVIEW 169
FIGURE 44 AISIN CORPORATION: COMPANY SNAPSHOT, 2020 170
TABLE 122 AISIN CORPORATION: PRODUCTS OFFERED 170
TABLE 123 AISIN CORPORATION: DEALS 171
11.1.3 MITSUBISHI POWER 173
TABLE 124 MITSUBISHI POWER: BUSINESS OVERVIEW 173
FIGURE 45 MITSUBISHI POWER: COMPANY SNAPSHOT, 2020 174
TABLE 125 MITSUBISHI POWER: PRODUCTS OFFERED 174
TABLE 126 MITSHUBISHI POWER: DEALS 175
11.1.4 HITACHI ZOSEN CORPORATION 177
TABLE 127 HITACHI ZOSEN CORPORATION: BUSINESS OVERVIEW 177
FIGURE 46 HITACHI ZOSEN CORPORATION: COMPANY SNAPSHOT, 2020 178
TABLE 128 HITACHI ZOSEN CORPORATION: PRODUCTS OFFERED 178
TABLE 129 HITACHI ZOSEN CORPORATION: DEALS 179
TABLE 130 HITACHI ZOSEN CORPORATION: OTHERS 180
11.1.5 CERES 181
TABLE 131 CERES: BUSINESS OVERVIEW 181
FIGURE 47 CERES: COMPANY SNAPSHOT, 2020 182
TABLE 132 CERES: PRODUCTS OFFERED 182
TABLE 133 CERES: DEALS 183
TABLE 134 CERES: OTHERS 184
11.1.6 MIURA CO., LTD. 186
TABLE 135 MIURA CO., LTD.: BUSINESS OVERVIEW 186
FIGURE 48 MIURA CO., LTD. IURA: COMPANY SNAPSHOT, 2020 187
TABLE 136 MIURA CO., LTD.: PRODUCTS OFFERED 187
11.1.7 KYOCERA CORPORATION 188
TABLE 137 KYOCERA CORPORATION: BUSINESS OVERVIEW 188
FIGURE 49 KYOCERA CORPORATION: COMPANY SNAPSHOT, 2020 189
TABLE 138 KYOCERA CORPORATION: PRODUCTS OFFERED 189
TABLE 139 KYOCERA CORPORATION: PRODUCT LAUNCHES 190
11.1.8 SOLIDPOWER S.P.A 191
TABLE 140 SOLIDPOWER S.P.A.: BUSINESS OVERVIEW 191
TABLE 141 SOLIDPOWER S.P.A.: PRODUCTS OFFERED 191
TABLE 142 SOLIDPOWER: DEALS 192
TABLE 143 SOLIDPOWER: OTHERS 194
11.1.9 ELCOGEN AS 195
TABLE 144 ELCOGEN AS: BUSINESS OVERVIEW 195
TABLE 145 ELCOGEN AS: PRODUCTS OFFERED 195
TABLE 146 ELCOGEN AS: DEALS 196
11.1.10 CONVION LTD. 198
TABLE 147 CONION LTD.: BUSINESS OVERVIEW 198
TABLE 148 CONVION LTD.: PRODUCTS OFFERED 198
TABLE 149 CONVION LTD.: DEALS 199
TABLE 150 CONVION LTD.: OTHERS 200
11.1.11 SUNFIRE GMBH 201
TABLE 151 SUNFIRE GMBH: BUSINESS OVERVIEW 201
TABLE 152 SUNFIRE GMBH: PRODUCTS OFFERED 201
TABLE 153 SUNFIRE GMBH: DEALS 202
TABLE 154 SUNFIRE GMBH: OTHERS 207
11.1.12 H2E POWER SYSTEMS PVT. LTD. 208
TABLE 155 H2E POWER SYSTEMS PVT. LTD: BUSINESS OVERVIEW 208
TABLE 156 H2E POWER SYSTEMS PVT. LTD: PRODUCTS OFFERED 208
TABLE 157 H2E POWER SYSTEMS PVT. LTD (INDIA): DEALS 209
11.1.13 WATT FUEL CELL CORPORATION 210
TABLE 158 WATT FUEL CELL CORPORATION: BUSINESS OVERVIEW 210
TABLE 159 WATT FUEL CELL CORPORATION: PRODUCTS OFFERED 210
TABLE 160 WATT FUEL CELL CORPORATION: DEALS 211
11.1.14 UPSTART POWER, INC 212
TABLE 161 UPSTART POWER, INC.: BUSINESS OVERVIEW 212
TABLE 162 UPSTART POWER, INC: PRODUCTS OFFERED 212
11.2 OTHER PLAYERS 213
11.2.1 ZTEK CORPORATION 213
TABLE 163 ZTEK CORPORATION INC: BUSINESS OVERVIEW 213
11.2.2 SPECIAL POWER SOURCE 214
TABLE 164 SPECIAL POWER SOURCES: BUSINESS OVERVIEW 214
11.2.3 ADELAN 215
TABLE 165 ADELAN: BUSINESS OVERVIEW 215
11.2.4 AVL 215
TABLE 166 AVL: BUSINESS OVERVIEW 215
11.2.5 ADAPTIVE ENERGY 216
TABLE 167 ADAPTIVE ENERGY: BUSINESS OVERVIEW 216
11.3 R&D PLAYERS 217
11.3.1 ROBERT BOSCH GMBH 217
TABLE 168 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 217
FIGURE 50 ROBERT BOSCH GMBH: COMPANY SNAPSHOT, 2020 218
TABLE 169 ROBERT BOSCH GMBH: DEALS 219
TABLE 170 ROBERT BOSCH GMBH: OTHERS 219
11.3.2 WEICHAI POWER CO., LTD 220
TABLE 171 WEICHAI POWER CO., LTD.: BUSINESS OVERVIEW 220
FIGURE 51 WEICHAI POWER CO., LTD.: COMPANY SNAPSHOT, 2020 221
TABLE 172 WEICHAI POWER CO., LTD.: DEALS 222
11.3.3 DOOSAN FUEL CELL CO., LTD. 223
TABLE 173 DOOSAN FUEL CELL CO., LTD.: BUSINESS OVERVIEW 223
FIGURE 52 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT, 2020 223
TABLE 174 DOOSAN FUEL CELL CO., LTD.: DEALS 224
11.3.4 FUEL CELL ENERGY 226
TABLE 175 FUEL CELL ENERGY: BUSINESS OVERVIEW 226
11.3.5 POSCO ENERGY 227
TABLE 176 POSCO ENERGY: BUSINESS OVERVIEW 227
11.3.6 CLARA VENTURE LABS 227
TABLE 177 CLARA VENTURE LABS: BUSINESS OVERVIEW 227
11.3.7 CUMMINS 228
TABLE 178 CUMMINS: BUSINESS OVERVIEW 228
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
 
12 APPENDIX 229
12.1 INSIGHTS OF INDUSTRY EXPERTS 229
12.2 DISCUSSION GUIDE 230
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234
12.4 AVAILABLE CUSTOMIZATIONS 236
12.5 RELATED REPORTS 236
12.6 AUTHOR DETAILS 237