Fuel cell market for power generation worth $21.3 billion by 2020
Fuel cells are referred to an environmentally friendly next-generation power generating device, in which chemical energy of a substance is converted to electric energy through electrochemical reactions. While the conventional thermal engine depending on the Carnot cycle has an upper limit of 30% in energy efficiency, fuel cells are free from any efficiency limit and environmental concerns (e.g., water pollution), allowing a highly efficient and clean power generation.
Common fuel cells are categorized into alkaline fuel cells (AFC), polymer electrolyte membrane fuel cells (PEMFC), molten carbonate fuel cells (MCFC), phosphoric acid fuel cells (PAFC), and solid oxide fuel cells (SOFC), and the characteristics of each fuel cell determine its application. PEMFCs operate at low temperatures and can be used for transportation and small-scale distributed power generation in the residential and commercial building. The primary applications of MCFCs and PFFCs are distributed power generation and large-scale power generation. SOFCs operate at high temperatures and target markets for residential applications and distributed power generation.
Although the structure of a fuel cell system varies depending on the type and application of the fuel cell, most fuel cells have two common components, stacks and balance of plant (BOP) which together generate an electric current from supplied fuels and oxidants. A stack is the core component of fuel cells. Stack material, manufacturing process, design and fabrication technology have significant impacts on the performance and durability of fuel cells. BOP, which is also dependent on the fuel cell system, consists of mechanical BOP (MBOP) and electrical BOP (EBOP). Since the same parts can be used for these BOPs, development of shared parts can lower the price of fuel cell products. Most fuel cells use hydrogen as the fuel. Therefore, the development of hydrogen fuel technology accounts for a large part of fuel cell development.
The fuel cell market for power generation would benefit persistent and aggressive investments on R&D, and the market size is projected to record a rapid growth from $3.1 billion in 2012 to $21.3 billion by 2020.
This report describes the technology issues, element technology, technology development trends, and patent trends of hydrogen fuel cells used for power generations.
The strong points of this report are as follows:
① Fuel cell-based power generation deployment scenario by country
② Technology development status (MCFC, SOFC, PAFC/Transportation, Power generation, small-sized) by type and usage
③ Government policies to support technology development and deployment by country
④ R&D status of industry leaders and patent analysis
⑤ Fuel cell market forecast for power generation
- Contents -
1. Introduction
1.1. Fuel Cell Overview
1.1.1. Global market overview
1.1.2. Domestic market overview
1.2. Principles and history of fuel cells
1.2.1. Fuel cell system efficiency
1.3. Importance of fuel cells
1.4. Deployment scenarios of fuel cell-based power generation
1.5. Fuel cell types and classification
1.5.1. AFC (Alkaline Fuel Cell)
1.5.2. PEMFC (Proton Exchange Membrane Fuel cell)
1.5.3. PAFC (Phosphoric Acid Fuel Cell)
1.5.3.1 PAFC overview
1.5.3.2 PAFC vs. PEMFC
1.5.3.3 PAFC components and operation
1.5.4. MCFC (Molten Carbonate Fuel Cell)
1.5.4.1 MCFC overview
1.5.4.2 MCFC components
1.5.4.3 MCFC performance factors
1.5.4.4 MCFC stack structure
1.5.4.5 MCFC CO2 separator
1.5.5. SOFC (Solid Oxide Fuel Cell)
1.5.5.1 SOFC overview
1.5.5.2 SOFC components
1.5.5.3 SOFC types
1.5.5.4 SOFC system and manufacturing process
1.6. Fuel cell classification by capacity
1.7. Fuel cell market
1.7.1. Distributed power generation
1.7.2. Fuel cell market and forecast for distributed power generation
1.7.3. Market environment of fuel cells on the ships
2. Fuel cell technologies for power generation by company
2.1. PAFC (Phosphoric Acid Carbon Fuel Cell)
2.1.1. Domestic and global PAFC technology trends
2.2. MCFC (Molten Carbonate Fuel Cell)
2.2.1. MCFC developments in the U.S
2.2.1.1 MCFC developments status of Fuel Cell Energy (FCE)
2.2.1.2 MCFC developments status of Gen Cell Energy
2.2.2. MCFC developments in Japan
2.2.2.1 MCFC developments status of IHI
2.2.2.2 MCFC developments status of Marubeni
2.2.3. MCFC development in Europe
2.2.3.1 MCFC developments status of Italy Ansaldo Fuel Cells (AFCo)
2.2.3.2 MCFC developments status of MTU Onsite Power (former MTU CFC Solution)
2.2.4. MCFC development in Korea
2.2.4.1 General overview
2.2.4.2 Technology development by manufacturer
2.2.4.3 MCFC market status and outlook
2.2.5. MCFC patent analysis
2.2.5.1 Patent application trend by year
2.2.5.2 Patent application trend by applicant
2.2.5.3 Patent application share by applicant and country
2.2.5.4 Patent applications share by applicant’s nationality
2.2.5.5 Patent application trends by applicant and year
2.2.5.6 Classification of patent-filed technologies
2.2.5.7 Analysis results
2.2.6. MCFC power generation cost analysis
2.3. SOFC (Solid Oxide Fuel Cell)
2.3.1. SOFC technology development status and trend in The U.S and Canada
2.3.1.1 The U.S.’s SECA program
2.3.2. SOFC technology development status and trend in Japan
2.3.3. SOFC technology development status and trend in Europe
2.3.4. SOFC technology development status and trend in Korea
2.3.4.1 Components technologies
2.3.4.2 Stacking technology
2.3.4.3 Peripheral technology (fuel pre-processing, power conversion, etc.)
2.3.4.4 Power generation system technology
2.3.4.5 Comparison of technology development in Korea and leading countries
2.3.5. SOFC patent analysis
2.3.5.1 Patent application analysis - filed in Korea
2.3.5.2 Patent application analysis - filed in Japan
2.3.5.3 Patent application analysis - filed in the U.S.
2.3.5.4 Patent application analysis - filed in Europe
2.3.5.5 Major patent applicants by country
3. Fuel cell application for power generation and industry structure
3.1. Application fields
3.1.1 Industrial backup power generation
3.1.2 Distributed power generation
3.1.3 Centralized power generation
3.2. Industry structure analysis
3.3. Global fuel cell development policies
4. Global fuel cell market forecast (2012 ~ 2020)
4.1. Global fuel cell market forecast (2012 ~ 2020)
4.1.1 Fuel cell market forecast
4.1.2 Fuel cells for transportation
4.1.3 Fuel cells for power generation
4.1.3.1 Small-sized fuel cells for residential applications
4.1.3.2 Large-sized fuel cells for power generation
4.1.4 Small-sized fuel cells
4.1.5 DMFC fuel cell market forecast
4.1.6 PEMFC fuel cell market forecast
4.1.7 SOFC fuel cell market forecast
4.1.8 PAFC fuel cell market forecast
4.1.9 MCFC fuel cell market forecast
5. Reference
6. Index
6.1 Figure
6.2 Table