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Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine),...

Publisher:        MarketsandMarkets

# of Pages:        208

Rating: 

1 User License $4,950

Publication Date:  September, 2021

Price:       $4,950 / User License




1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 DEFINITION 25
1.3 INCLUSIONS AND EXCLUSIONS 26
1.3.1 SMALL MODULAR REACTOR MARKET: INCLUSIONS AND EXCLUSIONS 26
1.4 MARKET SCOPE 26
1.4.1 SMALL MODULAR REACTOR MARKET: SEGMENTATION 26
1.4.2 GEOGRAPHIC SCOPE 27
1.5 YEARS CONSIDERED 27
1.6 CURRENCY 28
1.7 LIMITATIONS 28
1.8 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMALL MODULAR REACTOR MARKET: RESEARCH DESIGN 30
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 31
FIGURE 2 DATA TRIANGULATION 31
2.2.1 SECONDARY DATA 32
2.2.1.1 Key data from secondary sources 32
2.2.2 PRIMARY DATA 33
2.2.2.1 Key data from primary sources 33
FIGURE 3 KEY INDUSTRY INSIGHTS 33
2.2.2.2 Breakdown of primaries 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 34
2.3 SCOPE 34
2.4 MARKET SIZE ESTIMATION 35
2.4.1 BOTTOM-UP APPROACH 35
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 35
2.4.2 TOP-DOWN APPROACH 36
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36
2.4.3 DEMAND-SIDE ANALYSIS 37
FIGURE 7 MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR SMALL MODULAR REACTORS 37
2.4.3.1 Demand-side calculations 37
2.4.3.2 Assumptions for demand-side analysis 38
2.4.4 FORECAST 38
 
3 EXECUTIVE SUMMARY 39
TABLE 1 SMALL MODULAR REACTOR MARKET SNAPSHOT 40
FIGURE 8 ASIA PACIFIC DOMINATED SMALL MODULAR REACTOR MARKET IN 2020 41
FIGURE 9 LIGHT-WATER REACTOR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE, FROM
2021 TO 2026 41
FIGURE 10 OFF-GRID SEGMENT TO LEAD SMALL MODULAR REACTOR MARKET DURING FORECAST PERIOD 42
FIGURE 11 MULTI-MODULE SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, DURING FORECAST PERIOD 42
FIGURE 12 LAND SEGMENT TO ACCOUNT FOR LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY LOCATION, DURING 2021–2026 43
FIGURE 13 POWER GENERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMALL MODULAR REACTOR MARKET, BY APPLICATION, FROM 2021 TO 2026 43
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES IN SMALL MODULAR REACTOR MARKET 45
FIGURE 14 LOW COST OF SMRS DUE TO MODULARIZATION AND FACTORY CONSTRUCTION IS EXPECTED TO DRIVE SMALL MODULAR REACTOR MARKET DURING 2021–2026 45
4.2 SMALL MODULAR REACTOR MARKET, BY REGION 46
FIGURE 15 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 46
4.3 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 46
FIGURE 16 POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARE OF SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC IN 2020 46
4.4 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE 47
FIGURE 17 LIGHT-WATER REACTOR SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE, BY REACTOR TYPE, IN 2026 47
4.5 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY 47
FIGURE 18 OFF-GRID SEGMENT TO DOMINATE SMALL MODULAR REACTOR MARKET,
BY CONNECTIVITY, IN 2026 47
4.6 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT 48
FIGURE 19 MULTI-MODULE POWER PLANT SEGMENT TO DOMINATE SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, IN 2026 48
4.7 SMALL MODULAR REACTOR MARKET, BY LOCATION 48
FIGURE 20 LAND SEGMENT IS EXPECTED TO DOMINATE SMALL MODULAR REACTOR MARKET, BY LOCATION, 2026 48
4.8 SMALL MODULAR REACTOR MARKET, BY APPLICATION 49
FIGURE 21 POWER GENERATION SEGMENT TO DOMINATE SMALL MODULAR REACTOR MARKET, BY APPLICATION, IN 2026 49
 
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 COVID-19 HEALTH ASSESSMENT 51
FIGURE 22 COVID-19 GLOBAL PROPAGATION 51
FIGURE 23 COVID-19 PROPAGATION IN SELECTED COUNTRIES 52
5.3 ROAD TO RECOVERY 53
FIGURE 24 RECOVERY ROAD FOR 2020 AND 2021 53
5.4 COVID-19 ECONOMIC ASSESSMENT 54
FIGURE 25 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020 54
5.5 MARKET DYNAMICS 55
FIGURE 26 SMALL MODULAR REACTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.5.1 DRIVERS 55
5.5.1.1 Reliability and flexibility of nuclear power 55
FIGURE 27 GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2010–2020 56
5.5.1.2 Low cost of SMRs due to modularization and factory construction 56
5.5.2 RESTRAINTS 57
5.5.2.1 Nuclear regulatory requirements for deployment of SMRs 57
5.5.3 OPPORTUNITIES 58
5.5.3.1 Decarbonization of energy sector to meet net zero goals 58
5.5.3.2 Facilitating access to nuclear energy across diverse applications 58
5.5.3.3 Integration of small modular reactors with renewable energy 59
FIGURE 28 DAILY CYCLES OF WIND, SOLAR, AND NUCLEAR ENERGY 59
5.5.4 CHALLENGES 60
5.5.4.1 Harmonizing different licensing approaches 60
5.5.4.2 Public attitude towards nuclear power and deployment of small modular reactors 60
5.5.4.3 Impact of COVID-19 on development of small modular reactors 61
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 61
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL MODULAR REACTOR MANUFACTURERS 61
FIGURE 29 REVENUE SHIFT FOR SMALL MODULAR REACTOR MARKET 62
5.7 MARKET MAP 62
FIGURE 30 MARKET MAP FOR SMALL MODULAR REACTORS 62
5.8 SUPPLY CHAIN ANALYSIS 63
FIGURE 31 SMALL MODULAR REACTOR MARKET: SUPPLY CHAIN ANALYSIS 63
5.8.1 COMPONENT MANUFACTURERS 63
5.8.2 SMALL MODULAR REACTOR MANUFACTURERS 63
5.8.3 SMALL MODULAR REACTOR SUPPORT SERVICES PROVIDERS/ INTEGRATORS 63
5.8.4 END USERS 64
 
5.9 DESIGN PHASES FOR SMALL MODULAR REACTORS 64
5.9.1 CONCEPTUAL DESIGN 64
5.9.2 PLANT-LEVEL ENGINEERING DESIGN 64
5.9.3 SYSTEM-LEVEL ENGINEERING DESIGN 64
5.9.4 COMPONENT-LEVEL ENGINEERING DESIGN 65
5.10 TECHNOLOGY ANALYSIS 65
5.10.1 DIFFERENT TECHNOLOGIES INCORPORATED IN SMALL MODULAR REACTORS 65
5.11 SMALL MODULAR REACTORS MARKET: CODES AND REGULATIONS 66
TABLE 2 SMALL MODULAR REACTOR MARKET: CODES AND REGULATIONS 66
5.12 INNOVATIONS AND PATENT REGISTRATIONS 68
TABLE 3 INNOVATIONS AND PATENT REGISTRATIONS RELATING TO SMALL MODULAR REACTORS, NOVEMBER 2016–MARCH 2021 68
5.13 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR SMALL MODULAR REACTOR MARKET 73
TABLE 4 SMALL MODULAR REACTOR MARKET: PORTER’S FIVE FORCES ANALYSIS 74
5.13.1 THREAT OF SUBSTITUTES 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF NEW ENTRANTS 75
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 75
6 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE 76
6.1 INTRODUCTION 77
FIGURE 33 SMALL MODULAR REACTOR MARKET SHARE, BY REACTOR TYPE, 2020 (%) 77
TABLE 5 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE,
2019–2026 (USD MILLION) 77
6.2 LIGHT-WATER REACTOR 78
6.2.1 HIGH DEGREE OF TECHNOLOGICAL READINESS OF LIGHT-WATER SMALL MODULAR REACTORS IS EXPECTED TO BOOST GROWTH 78
TABLE 6 LIGHT-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION) 78
TABLE 7 LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION) 79
6.2.2 PRESSURIZED-WATER REACTOR 79
TABLE 8 PRESSURIZED-WATER REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 79
6.2.3 BOILING-WATER REACTOR 79
TABLE 9 BOILING-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION) 80
6.3 HEAVY-WATER REACTOR 80
6.3.1 USE OF NATURAL URANIUM AND LOW ENRICHED URANIUM FUEL IN HEAVY-WATER REACTORS TO SUPPORT GROWTH 80
TABLE 10 HEAVY-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION) 80
 
6.4 HIGH-TEMPERATURE REACTOR 81
6.4.1 POTENTIAL OF SERVING VARIED HIGH-TEMPERATURE INDUSTRIAL APPLICATIONS TO ENHANCE DEMAND FOR HIGH-TEMPERATURE REACTORS 81
TABLE 11 HIGH-TEMPERATURE REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 81
6.5 FAST-NEUTRON REACTOR 82
6.5.1 REDUCTION IN NUCLEAR WASTE PRODUCTION TO BOOST DEMAND FOR FAST-NEUTRON REACTORS 82
TABLE 12 FAST-NEUTRON REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION) 82
6.6 MOLTEN SALT REACTOR 83
6.6.1 POTENTIAL DEPLOYMENT IN COUNTRIES WITH LARGE AMOUNTS OF SPENT NUCLEAR FUEL TO INCREASE DEMAND FOR MOLTEN SALT REACTORS 83
TABLE 13 MOLTEN SALT REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION) 83
7 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY 84
7.1 INTRODUCTION 85
FIGURE 34 SMALL MODULAR REACTOR MARKET SHARE, BY CONNECTIVITY, 2020 (%) 85
TABLE 14 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY,
2019–2026 (USD MILLION) 85
7.2 OFF-GRID 86
7.2.1 REQUIREMENT OF CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION AND DIVERSE APPLICATIONS OF SMALL MODULAR REACTORS ARE EXPECTED TO DRIVE OFF-GRID SEGMENT 86
TABLE 15 OFF-GRID SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 86
7.3 GRID-CONNECTED 87
7.3.1 INTEGRATION OF RENEWABLES IS EXPECTED TO ENHANCE GROWTH
OF GRID-CONNECTED SEGMENT 87
TABLE 16 GRID-CONNECTED SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 87
8 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT 88
8.1 INTRODUCTION 89
FIGURE 35 SMALL MODULAR REACTOR MARKET SHARE, BY DEPLOYMENT, 2020 (%) 89
TABLE 17 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT,
2019–2026 (USD MILLION) 89
8.2 MULTI-MODULE POWER PLANT 90
8.2.1 EASE OF FINANCING ADDITIONAL UNITS OF MULTI MULTI-MODULE POWER PLANTS IS EXPECTED TO DRIVE GROWTH 90
TABLE 18 MULTI-MODULE SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 90
8.3 SINGLE-MODULE POWER PLANT 91
8.3.1 SITING FLEXIBILITY OF SINGLE-MODULE POWER PLANTS IS EXPECTED
TO BOOST DEMAND FOR THIS SEGMENT 91
TABLE 19 SINGLE-MODULE SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 91
9 SMALL MODULAR REACTOR MARKET, BY LOCATION 92
9.1 INTRODUCTION 93
FIGURE 36 SMALL MODULAR REACTOR MARKET SHARE, BY LOCATION, 2020 (%) 93
TABLE 20 SMALL MODULAR REACTOR MARKET, BY LOCATION,
2019–2026 (USD MILLION) 93
9.2 LAND 93
9.2.1 HIGHER THERMAL EFFICIENCY AND EASE OF LICENSING ARE EXPECTED
TO DRIVE LAND SEGMENT 93
TABLE 21 LAND SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 94
9.3 MARINE 94
9.3.1 DEPLOYMENT IN ISLANDS, REMOTE, AND COASTAL REGIONS IS EXPECTED TO BOOST MARKET GROWTH 94
TABLE 22 MARINE SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 95
10 SMALL MODULAR REACTOR MARKET, BY APPLICATION 96
10.1 INTRODUCTION 97
FIGURE 37 SMALL MODULAR REACTOR MARKET SHARE, BY APPLICATION, 2020 (%) 97
TABLE 23 SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 97
10.2 POWER GENERATION 98
10.2.1 EASE OF SITING AND OPERATING FLEXIBILITY DRIVES DEMAND FOR SMALL MODULAR REACTORS IN POWER GENERATION APPLICATION 98
TABLE 24 SMALL MODULAR REACTOR MARKET FOR POWER GENERATION, BY REGION, 2019–2026 (USD MILLION) 98
10.3 DESALINATION 98
10.3.1 INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES DRIVES GROWTH OF THIS SEGMENT 98
TABLE 25 SMALL MODULAR REACTOR MARKET FOR DESALINATION, BY REGION, 2019–2026 (USD MILLION) 99
10.4 PROCESS HEAT 99
10.4.1 INCREASED THERMAL EFFICIENCIES OF CO-GENERATION DRIVE GROWTH OF THIS SEGMENT 99
TABLE 26 SMALL MODULAR REACTOR MARKET FOR PROCESS HEAT, BY REGION, 2019–2026 (USD MILLION) 100
10.5 INDUSTRIAL 100
10.5.1 ANTICIPATED DEPLOYMENT OF SMRS IN DIVERSE INDUSTRIAL APPLICATIONS WOULD DRIVE GROWTH OF THIS SEGMENT 100
TABLE 27 SMALL MODULAR REACTOR MARKET FOR INDUSTRIAL, BY REGION,
2019–2026 (USD MILLION) 100
10.6 HYDROGEN PRODUCTION 101
10.6.1 ABILITY TO MAXIMIZE LOAD FACTORS AND INCREASE EFFICIENCY OF POWER PLANTS ENHANCE GROWTH OF HYDROGEN PRODUCTION SEGMENT 101
TABLE 28 SMALL MODULAR REACTOR MARKET FOR HYDROGEN PRODUCTION,
BY REGION, 2019–2026 (USD MILLION) 101
11 GEOGRAPHIC ANALYSIS 102
11.1 INTRODUCTION 103
FIGURE 38 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 103
FIGURE 39 SMALL MODULAR REACTOR MARKET SHARE, BY REGION, 2020 (%) 104
TABLE 29 SMALL MODULAR REACTOR MARKET, BY REGION,
2019–2026 (USD MILLION) 104
11.2 ASIA PACIFIC 104
FIGURE 40 SNAPSHOT OF ASIA PACIFIC SMALL MODULAR REACTOR MARKET IN 2020 105
TABLE 30 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE, 2019–2026 (USD MILLION) 105
TABLE 31 ASIA PACIFIC LIGHT-WATER SMALL MODULAR REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION) 106
TABLE 32 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2026 (USD MILLION) 106
TABLE 33 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2026 (USD MILLION) 106
TABLE 34 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY LOCATION,
2019–2026 (USD MILLION) 106
TABLE 35 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 107
TABLE 36 ASIA PACIFIC SMALL MODULAR REACTOR MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 107
11.2.1 CHINA 107
11.2.1.1 Rise in deployment of SMRs in coastal, island, and offshore areas to fuel growth of Chinese small modular reactor market 107
TABLE 37 SOME SMALL MODULAR REACTOR PROJECTS IN CHINA 108
TABLE 38 CHINA SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 109
11.2.2 JAPAN 109
11.2.2.1 Potential integration with variable renewable energy and increasing private sector investments to create growth opportunities for small modular reactor market 109
TABLE 39 SOME SMALL MODULAR REACTOR PROJECTS IN JAPAN 110
TABLE 40 JAPAN SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 110
11.2.3 INDIA 110
11.2.3.1 Development of molten salt-, high-temperature-, and heavy-water-based SMRs to boost growth of Indian market during forecast period 110
TABLE 41 INDIA SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 111
11.2.4 SOUTH KOREA 111
11.2.4.1 Interest in marine small modular reactors for floating power plants to fuel market growth 111
TABLE 42 SOUTH KOREA SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 112
 
11.2.5 REST OF ASIA PACIFIC 112
TABLE 43 SMALL MODULAR REACTOR MARKET IN REST OF ASIA PACIFIC,
BY APPLICATION, 2019–2026 (USD MILLION) 113
11.3 EUROPE 113
FIGURE 41 SNAPSHOT OF EUROPEAN SMALL MODULAR REACTOR MARKET, 2020 114
TABLE 44 EUROPE SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE,
2019–2026 (USD MILLION) 114
TABLE 45 EUROPE LIGHT-WATER SMALL MODULAR REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION) 115
TABLE 46 EUROPE SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY,
2019–2026 (USD MILLION) 115
TABLE 47 EUROPE SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT,
2019–2026 (USD MILLION) 115
TABLE 48 EUROPE SMALL MODULAR REACTOR MARKET, BY LOCATION,
2019–2026 (USD MILLION) 115
TABLE 49 EUROPE SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 116
TABLE 50 EUROPE SMALL MODULAR REACTOR MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 116
11.3.1 RUSSIA 116
11.3.1.1 Potential deployment of SMRs for power generation in remote areas of Russian Far East region to drive market growth 116
TABLE 51 SOME SMALL MODULAR REACTOR PROJECTS IN RUSSIA 117
TABLE 52 RUSSIA SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 118
11.3.2 UK 118
11.3.2.1 Increasing government initiatives and investments are expected
to fuel growth of small modular reactor market in UK during
forecast period 118
TABLE 53 SOME SMALL MODULAR REACTOR PROJECTS IN UK 119
TABLE 54 UK SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 119
11.3.3 FRANCE 119
11.3.3.1 Vast experience in nuclear energy development would support development of small modular reactors 119
TABLE 55 FRANCE SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 120
11.3.4 REST OF EUROPE 120
TABLE 56 SMALL MODULAR REACTOR MARKET IN REST OF EUROPE, BY APPLICATION, 2019–2026 (USD MILLION) 121
11.4 AMERICAS 121
TABLE 57 AMERICAS SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE,
2019–2026 (USD MILLION) 122
TABLE 58 AMERICAS LIGHT-WATER REACTOR MARKET, BY SUBTYPE,
2019–2026 (USD MILLION) 122
TABLE 59 AMERICAS SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY,
2019–2026 (USD MILLION) 122
TABLE 60 AMERICAS SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT,
2019–2026 (USD MILLION) 123
TABLE 61 AMERICAS SMALL MODULAR REACTOR MARKET, BY LOCATION,
2019–2026 (USD MILLION) 123
TABLE 62 AMERICAS SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 123
TABLE 63 AMERICAS SMALL MODULAR REACTOR MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
11.4.1 US 124
11.4.1.1 Increasing government initiatives and private investments for SMRs to drive growth of small modular reactor market in US 124
TABLE 64 SOME SMALL MODULAR REACTOR PROJECTS IN US 125
TABLE 65 US SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 126
11.4.2 CANADA 126
11.4.2.1 Potential deployment of SMRs in remote locations and small-scale grids to drive the Canadian market 126
TABLE 66 SOME SMALL MODULAR REACTOR PROJECTS IN CANADA 127
TABLE 67 CANADA SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 128
11.4.3 ARGENTINA 128
11.4.3.1 Potential applications for power generation and desalination enhance growth of Argentinian small modular reactor market 128
TABLE 68 ARGENTINA SMALL MODULAR REACTOR MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 129
11.5 MIDDLE EAST & AFRICA 129
TABLE 69 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE, 2019–2026 (USD MILLION) 129
TABLE 70 MIDDLE EAST & AFRICA LIGHT-WATER SMALL MODULAR REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION) 130
TABLE 71 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET,
BY CONNECTIVITY, 2019–2026 (USD MILLION) 130
TABLE 72 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET,
BY DEPLOYMENT, 2019–2026 (USD MILLION) 130
TABLE 73 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2026 (USD MILLION) 130
TABLE 74 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET,
BY APPLICATION, 2019–2026 (USD MILLION) 131
TABLE 75 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 131
11.5.1 SAUDI ARABIA 131
11.5.1.1 Need to reduce dependency on fossil fuels for power generation and desalination is expected to drive growth of small modular reactor market 131
TABLE 76 SAUDI ARABIA SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 132
 
11.5.2 SOUTH AFRICA 132
11.5.2.1 Interest in Generation II and III technologies to boost demand for small modular reactors 132
TABLE 77 SOUTH AFRICA SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 133
11.5.3 REST OF MIDDLE EAST & AFRICA 133
TABLE 78 SMALL MODULAR REACTOR MARKET IN REST OF MIDDLE & AFRICA,
BY APPLICATION, 2019–2026 (USD MILLION) 133
12 COMPETITIVE LANDSCAPE 134
12.1 KEY PLAYERS STRATEGIES/RIGHT TO WIN 134
TABLE 79 OVERVIEW OF KEY STRATEGIES OF TOP SMALL MODULAR REACTOR PLAYERS 134
12.2 TOP FIVE PLAYERS IN SMALL MODULAR REACTOR MARKET 136
TABLE 80 SMALL MODULAR REACTOR MARKET: TOP FIVE PLAYERS 136
12.3 MARKET EVALUATION FRAMEWORK 136
TABLE 81 MARKET EVALUATION FRAMEWORK 136
12.4 COMPANY EVALUATION QUADRANT 137
12.4.1 STAR 137
12.4.2 PERVASIVE 137
12.4.3 EMERGING LEADER 137
12.4.4 PARTICIPANT 138
FIGURE 42 COMPETITIVE LEADERSHIP MAPPING: SMALL MODULAR REACTOR MARKET, 2020 138
TABLE 82 REACTOR TYPE FOOTPRINT OF COMPANIES 139
TABLE 83 APPLICATION FOOTPRINT OF COMPANIES 140
TABLE 84 REGIONAL FOOTPRINT OF COMPANIES 141
TABLE 85 OVERALL FOOTPRINT OF COMPANIES 142
12.5 COMPETITIVE SCENARIO 143
TABLE 86 SMALL MODULAR REACTOR MARKET: DEALS, OCTOBER 2020 –JULY 2021 143
TABLE 87 SMALL MODULAR REACTOR MARKET: OTHERS, MAY 2017–FEBRUARY 2021 144
13 COMPANY PROFILES 145
(Business overview, Products/services offered, Recent Developments, MNM view)*
13.1 KEY PLAYERS 145
13.1.1 WESTINGHOUSE ELECTRIC 145
TABLE 88 WESTINGHOUSE ELECTRIC: BUSINESS OVERVIEW 145
TABLE 89 WESTINGHOUSE ELECTRIC: PRODUCTS/SERVICES OFFERED 145
13.1.2 NUSCALE POWER 150
TABLE 90 NUSCALE POWER: BUSINESS OVERVIEW 150
TABLE 91 NUSCALE POWER: PRODUCTS/SERVICES OFFERED 150
TABLE 92 DEALS: NUSCALE POWER: 151
TABLE 93 NUSCALE POWER: OTHERS 154
13.1.3 TERRESTRIAL ENERGY 156
TABLE 94 TERRESTRIAL ENERGY: BUSINESS OVERVIEW 156
TABLE 95 TERRESTRIAL ENERGY: PRODUCTS/SERVICES OFFERED 156
TABLE 96 TERRESTRIAL ENERGY: DEALS 157
TABLE 97 TERRESTRIAL ENERGY: OTHERS 160
13.1.4 MOLTEX ENERGY 162
TABLE 98 MOLTEX ENERGY: BUSINESS OVERVIEW 162
TABLE 99 MOLTEX ENERGY: PRODUCTS/SERVICES OFFERED 162
TABLE 100 MOLTEX ENERGY: DEALS 163
13.1.5 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY 167
TABLE 101 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: BUSINESS OVERVIEW 167
TABLE 102 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: PRODUCTS/
SERVICES OFFERED 167
TABLE 103 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: DEALS 168
TABLE 104 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: OTHERS 169
13.1.6 X-ENERGY 171
TABLE 105 X-ENERGY: BUSINESS OVERVIEW 171
TABLE 106 X-ENERGY: PRODUCTS/SERVICES OFFERED 171
TABLE 107 X-ENERGY: DEALS 172
13.1.7 HOLTEC INTERNATIONAL 174
TABLE 108 HOLTEC INTERNATIONAL: BUSINESS OVERVIEW 174
TABLE 109 HOLTEC INTERNATIONAL: PRODUCTS/SERVICES OFFERED 174
TABLE 110 HOLTEC INTERNATIONAL: DEALS 175
13.1.8 GENERAL ATOMICS 177
TABLE 111 GENERAL ATOMICS: BUSINESS OVERVIEW 177
TABLE 112 GENERAL ATOMICS: PRODUCTS/SERVICES OFFERED 177
TABLE 113 GENERAL ATOMICS: DEALS 178
13.1.9 ARC CLEAN ENERGY 180
TABLE 114 ARC CLEAN ENERGY: BUSINESS OVERVIEW 180
TABLE 115 ARC CLEAN ENERGY: PRODUCTS/SERVICES OFFERED 180
TABLE 116 ARC CLEAN ENERGY: DEALS 181
TABLE 117 ARC CLEAN ENERGY: OTHERS 182
13.1.10 LEADCOLD REACTORS 183
TABLE 118 LEADCOLD REACTORS: BUSINESS OVERVIEW 183
TABLE 119 LEADCOLD REACTORS: PRODUCTS/SERVICES OFFERED 183
TABLE 120 LEADCOLD REACTORS: DEALS 184
13.1.11 ROLLS-ROYCE 185
TABLE 121 ROLLS-ROYCE: BUSINESS OVERVIEW 185
FIGURE 43 ROLLS-ROYCE: COMPANY SNAPSHOT 186
TABLE 122 ROLLS-ROYCE: PRODUCTS/SERVICES OFFERED 187
TABLE 123 ROLLS-ROYCE: DEALS 187
13.1.12 ULTRA SAFE NUCLEAR 189
TABLE 124 ULTRA SAFE NUCLEAR: BUSINESS OVERVIEW 189
TABLE 125 ULTRA SAFE NUCLEAR: PRODUCTS/SERVICES OFFERED 189
TABLE 126 ULTRA SAFE NUCLEAR: DEALS 190
TABLE 127 ULTRA SAFE NUCLEAR: OTHERS 192
13.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS 193
TABLE 128 TOSHIBA ENERGY SYSTEMS & SOLUTIONS: BUSINESS OVERVIEW 193
TABLE 129 TOSHIBA ENERGY SYSTEMS & SOLUTIONS: PRODUCTS/SERVICES OFFERED 193
13.1.14 TOKAMAK ENERGY 195
TABLE 130 TOKAMAK ENERGY: BUSINESS OVERVIEW 195
TABLE 131 TOKAMAK ENERGY: PRODUCTS/SERVICES OFFERED 195
TABLE 132 TOKAMAK ENERGY: DEALS 196
13.1.15 SNC-LAVALIN GROUP 198
TABLE 133 SNC-LAVALIN GROUP: BUSINESS OVERVIEW 198
FIGURE 44 SNC-LAVALIN GROUP: COMPANY SNAPSHOT 199
TABLE 134 SNC-LAVALIN GROUP: PRODUCTS/SERVICES OFFERED 199
TABLE 135 SNC-LAVALIN GROUP: DEALS 200
13.2 OTHER PLAYERS 201
13.2.1 AFRIKANTOV OKB MECHANICAL ENGINEERING 201
13.2.2 CHINA NATIONAL NUCLEAR CORPORATION (CNNC) 202
13.2.3 FRAMATOME 202
13.2.4 U-BATTERY 203
13.2.5 OKLO 203
*Details on Business overview, Products/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX 204
14.1 INSIGHTS OF INDUSTRY EXPERTS 204
14.2 DISCUSSION GUIDE 205
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 210
14.4 AVAILABLE CUSTOMIZATIONS 212
14.5 RELATED REPORTS 212
14.6 AUTHOR DETAILS 213

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

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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

Rating: 

1 User License $4,950

Publication Date:  March, 2022

Price:       $4,950 / User License




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