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Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Gener...

Publisher:        MarketsandMarkets

# of Pages:        216

Rating: 

1 User License $4,950

Publication Date:  September, 2021

Price:       $4,950 / User License




1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 DEFINITION 33
1.3 INCLUSIONS AND EXCLUSIONS 34
1.3.1 MARINE VFD MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS 34
1.3.2 MARINE VFD MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 34
1.3.3 MARINE VFD MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS 34
1.4 MARKET SCOPE 35
1.4.1 MARKET SEGMENTATION 35
1.4.2 REGIONAL SCOPE 35
1.5 YEARS CONSIDERED FOR THE STUDY 36
1.6 CURRENCY 36
1.7 LIMITATIONS 36
1.8 STAKEHOLDERS 37
1.9 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 MARINE VFD MARKET: RESEARCH DESIGN 38
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 2 DATA TRIANGULATION METHODOLOGY 39
2.2.1 SECONDARY DATA 40
2.2.1.1 Key data from secondary sources 40
2.2.2 PRIMARY DATA 40
2.2.2.1 Key data from primary sources 41
2.2.2.2 Breakdown of primaries 41
FIGURE 3 BREAKDOWN OF PRIMARIES 42
2.3 IMPACT OF COVID-19 42
2.4 MARKET SIZE ESTIMATION 42
2.4.1 BOTTOM-UP APPROACH 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
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 MARINE VFD 44
2.4.3.1 Demand-side calculation 44
2.4.3.2 Assumptions for demand-side analysis 45
 
2.4.4 SUPPLY-SIDE ANALYSIS 45
FIGURE 7 MARKET SIZE ESTIMATION THROUGH SUPPLY–SIDE ANALYSIS 45
FIGURE 8 MARINE VFD MARKET: SUPPLY-SIDE ANALYSIS 46
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 MARINE VFD MARKET 47
FIGURE 9 ASIA PACIFIC DOMINATED MARINE VFD MARKET IN 2018 48
FIGURE 10 AC DRIVE SEGMENT IS EXPECTED TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 48
FIGURE 11 LOW VOLTAGE SEGMENT IS EXPECTED TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 49
FIGURE 12 PUMP SEGMENT IS EXPECTED TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES IN MARINE VFD MARKET DURING FORECAST PERIOD 50
FIGURE 13 RISING NEED FOR ENERGY EFFICIENCY IS EXPECTED TO DRIVE MARINE VFD MARKET 50
4.2 MARINE VFD MARKET, BY REGION 51
FIGURE 14 ASIA PACIFIC MARINE VFD MARKET IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 51
4.3 ASIA PACIFIC MARINE VFD MARKET, BY APPLICATION AND COUNTRY 51
FIGURE 15 PUMP SEGMENT AND CHINA DOMINATED ASIA PACIFIC MARINE VFD MARKET IN 2020 51
4.4 MARINE VFD MARKET, BY TYPE 52
FIGURE 16 AC DRIVE SEGMENT IS EXPECTED TO DOMINATE MARINE VFD MARKET DURING FORECAST PERIOD 52
4.5 MARINE VFD MARKET, BY VOLTAGE 52
FIGURE 17 LOW VOLTAGE SEGMENT IS EXPECTED TO DOMINATE MARINE VFD MARKET DURING FORECAST PERIOD 52
4.6 MARINE VFD MARKET, BY APPLICATION 52
FIGURE 18 PUMP APPLICATION IS EXPECTED TO DOMINATE MARINE VFD MARKET DURING FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 COVID-19 HEALTH ASSESSMENT 53
FIGURE 19 COVID-19 GLOBAL PROPAGATION 53
FIGURE 20 COVID-19 PROPAGATION IN SELECTED COUNTRIES 54
5.3 GLOBAL ROAD TO RECOVERY FROM COVID-19 55
FIGURE 21 GLOBAL RECOVERY ROAD FROM COVID-19 FROM 2020 TO 2021 55
 
5.4 COVID-19 ECONOMIC ASSESSMENT 56
FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 56
5.5 MARKET DYNAMICS 57
FIGURE 23 MARINE VFD MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57
5.5.1 DRIVERS 57
5.5.1.1 Rising need for energy-efficient systems in ships 57
TABLE 2 ENERGY SAVINGS USING VFD 2021 58
5.5.1.2 Growing shipbuilding industry due to global increase in maritime activities 58
FIGURE 24 GLOBAL MARITIME TRADE, 2015–2019 (MILLION TONS LOADED) 58
5.5.2 RESTRAINTS 59
5.5.2.1 Increased maintenance cost of systems after implementation of VFD 59
5.5.2.2 Applications with high range of frequency fluctuations 59
5.5.3 OPPORTUNITIES 59
5.5.3.1 Implementation of remote monitoring in VFDs creates new opportunities to increase efficiency of systems 59
5.5.3.2 Surging demand for integration of IoT with marine VFDs 59
5.5.3.3 Adoption of hybrid and electric propulsion to provide new opportunities for marine VFD market 60
FIGURE 25 WORLD FLEET REGISTERED TRADING VESSELS OF 100 GROSS TONS AND OVER (DEADWEIGHT TONNAGE) 60
5.5.4 CHALLENGES 61
5.5.4.1 Low-quality products related to VFD is hampering marine VFD market 61
5.5.4.2 Negative impact of COVID-19 on maritime industry 61
FIGURE 26 GLOBAL MARITIME TRADE GROWTH (%), 2016–2020 61
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 62
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE VFD PROVIDERS 62
FIGURE 27 REVENUE SHIFT FOR MARINE VFD MARKET 62
5.7 PRICING ANALYSIS 63
TABLE 3 GLOBAL AVERAGE SELLING PRICE OF MARINE VFD, 2020 63
5.8 MARKET MAP 63
TABLE 4 MARINE VFD MARKET: ECOSYSTEM 63
FIGURE 28 MARKET MAP/ECOSYSTEM 64
5.9 VALUE CHAIN ANALYSIS 65
FIGURE 29 MARINE VFD MARKET VALUE CHAIN ANALYSIS 65
5.9.1 RAW MATERIAL/COMPONENT PROVIDERS 65
5.9.2 MARINE VFD MANUFACTURERS 65
5.9.3 DISTRIBUTORS AND AFTER-SALES SERVICES 65
5.9.4 END USERS 66
5.10 TECHNOLOGY ANALYSIS 66
5.10.1 MARINE VFD MARKET BASED ON DIFFERENT TECHNOLOGIES 66
 
5.11 MARINE VFD MARKET: CODES AND REGULATIONS 67
TABLE 5 MARINE VFD MARKET: CODES AND REGULATIONS 67
5.12 INNOVATIONS AND PATENT REGISTRATIONS 68
TABLE 6 MARINE VFD MARKET: INNOVATIONS AND PATENT REGISTRATIONS, AUGUST 2014–MAY 2021 68
5.13 CASE STUDY ANALYSIS 69
5.13.1 VIKING LINE TAKES TENSION OUT OF HARBOR MOORING FOR M/S GABRIELLA 69
5.13.1.1 Problem statement 69
5.13.1.2 Solution 69
5.13.2 MS CINDERELLA SAVES MORE THAN 1000 TPA MARINE DIESEL WITH NEW VENTILATION CONTROL 69
5.13.2.1 Problem statement 69
5.13.2.2 Solution 69
5.13.3 COMMERCIAL BARGES STAYS AFLOAT WITH HELP OF VFD CONTROL PUMPS 69
5.13.3.1 Problem statement 69
5.13.3.2 Solution 69
5.14 PORTER’S FIVE FORCES ANALYSIS 70
TABLE 7 MARINE VFD MARKET: PORTER’S FIVE FORCES ANALYSIS 70
FIGURE 30 PORTER’S FIVE FORCES ANALYSIS FOR MARINE VFD MARKET 70
5.14.1 THREAT OF SUBSTITUTES 71
5.14.2 BARGAINING POWER OF SUPPLIERS 71
5.14.3 BARGAINING POWER OF BUYERS 71
5.14.4 THREAT OF NEW ENTRANTS 71
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 72
6 MARINE VFD MARKET, BY TYPE 73
6.1 INTRODUCTION 74
FIGURE 31 AC DRIVE SEGMENT ACCOUNTED FOR A LARGER MARKET SHARE IN 2020 74
TABLE 8 MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 74
TABLE 9 MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 74
6.2 AC DRIVE 75
6.2.1 RISING NEED FOR MORE ENERGY-EFFICIENT SYSTEMS AND ENERGY SAVINGS IS LIKELY TO BOOST DEMAND FOR AC VFDS 75
TABLE 10 MARINE VFD MARKET FOR AC DRIVE, BY REGION,
2016–2019 (USD MILLION) 75
TABLE 11 MARINE VFD MARKET FOR AC DRIVE, BY REGION,
2020–2026 (USD MILLION) 75
6.3 DC DRIVE 76
6.3.1 BETTER SPEED REGULATION AND RISING USE OF BATTERIES IN ELECTRICAL SYSTEMS ARE LIKELY TO DRIVE DC DRIVE SEGMENT 76
TABLE 12 MARINE VFD MARKET FOR DC DRIVE, BY REGION,
2016–2019 (USD MILLION) 76
TABLE 13 MARINE VFD MARKET FOR DC DRIVE, BY REGION,
2020–2026 (USD MILLION) 76
7 MARINE VFD MARKET, BY VOLTAGE 77
7.1 INTRODUCTION 78
FIGURE 32 LOW VOLTAGE SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2020 78
TABLE 14 MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 78
TABLE 15 MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 78
7.2 LOW VOLTAGE (UP TO 1000 V) 79
7.2.1 INCREASING AUTOMATION AND GROWING DEMAND FOR MORE EFFICIENT SYSTEMS ARE LIKELY TO DRIVE LOW VOLTAGE SEGMENT 79
TABLE 16 LOW-VOLTAGE MARINE VFD MARKET, BY REGION,
2016–2019 (USD MILLION) 79
TABLE 17 LOW-VOLTAGE MARINE VFD MARKET, BY REGION,
2020–2026 (USD MILLION) 79
7.3 MEDIUM VOLTAGE (ABOVE 1000 V) 80
7.3.1 INCREASING ADOPTION OF HYBRID ENGINES AND UPGRADE OF ELECTRICAL INFRASTRUCTURE ARE LIKELY TO DRIVE MEDIUM VOLTAGE SEGMENT 80
TABLE 18 MEDIUM-VOLTAGE MARINE VFD MARKET, BY REGION,
2016–2019 (USD MILLION) 80
TABLE 19 MEDIUM-VOLTAGE MARINE VFD MARKET, BY REGION,
2020–2026 (USD MILLION) 80
8 MARINE VFD MARKET, BY APPLICATION 82
8.1 INTRODUCTION 83
FIGURE 33 PUMP SEGMENT LED MARINE VFD MARKET, BY APPLICATION, IN 2020 83
TABLE 20 MARINE VFD MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 83
TABLE 21 MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION) 83
8.2 PUMP 84
8.2.1 SHIFT TOWARD MORE ENERGY-EFFICIENT SHIPS IS LIKELY TO DRIVE MARINE VFD MARKET FOR PUMP SEGMENT 84
TABLE 22 MARINE VFD MARKET FOR PUMP, BY REGION, 2016–2019 (USD MILLION) 84
TABLE 23 MARINE VFD MARKET FOR PUMP, BY REGION, 2020–2026 (USD MILLION) 84
8.3 FAN 85
8.3.1 MORE EFFICIENT VENTILATION AND COOLING WOULD DRIVE MARINE VFD MARKET FOR FAN 85
TABLE 24 MARINE VFD MARKET FOR FAN, BY REGION, 2016–2019 (USD MILLION) 85
TABLE 25 MARINE VFD MARKET FOR FAN, BY REGION, 2020–2026 (USD MILLION) 85
8.4 COMPRESSOR 86
8.4.1 GROWING SHIPBUILDING INDUSTRY IS EXPECTED TO FUEL DEMAND FOR COMPRESSORS 86
TABLE 26 MARINE VFD MARKET FOR COMPRESSOR, BY REGION,
2016–2019 (USD MILLION) 86
TABLE 27 MARINE VFD MARKET FOR COMPRESSOR, BY REGION,
2020–2026 (USD MILLION) 86
8.5 PROPELLER 87
8.5.1 ADOPTION OF ELECTRIC PROPULSION SYSTEM IS LIKELY TO DRIVE VFD MARKET IN PROPELLER SEGMENT 87
TABLE 28 MARINE VFD MARKET FOR PROPELLER, BY REGION,
2016–2019 (USD MILLION) 87
TABLE 29 MARINE VFD MARKET FOR PROPELLER, BY REGION,
2020–2026 (USD MILLION) 88
TABLE 30 MARINE VFD MARKET FOR PROPELLER WITH SHAFT GENERATOR, BY REGION, 2019–2026 (USD MILLION) 88
TABLE 31 MARINE VFD MARKET FOR PROPELLER WITHOUT SHAFT GENERATOR,
BY REGION, 2019–2026 (USD MILLION) 88
8.6 CRANE & HOIST 89
8.6.1 INCREASE IN EFFICIENCY AND REDUCED MAINTENANCE COSTS ARE LIKELY TO DRIVE MARINE VFD MARKET FOR CRANE & HOIST SEGMENT 89
TABLE 32 MARINE VFD MARKET FOR CRANE & HOIST, BY REGION,
2016–2019 (USD MILLION) 89
TABLE 33 MARINE VFD MARKET FOR CRANE & HOIST, BY REGION,
2020–2026 (USD MILLION) 89
9 GEOGRAPHIC ANALYSIS 90
9.1 INTRODUCTION 91
FIGURE 34 REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 91
FIGURE 35 MARINE VFD MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2020 91
TABLE 34 MARINE VFD MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 92
TABLE 35 GLOBAL MARINE VFD MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 92
9.2 NORTH AMERICA 92
FIGURE 36 NORTH AMERICA: SNAPSHOT OF MARINE VFD MARKET 93
9.2.1 BY TYPE 93
TABLE 36 NORTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 93
TABLE 37 NORTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 94
9.2.2 BY VOLTAGE 94
TABLE 38 NORTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 94
TABLE 39 NORTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 94
9.2.3 BY APPLICATION 95
TABLE 40 NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 95
TABLE 41 NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION,
2020–2026 (USD MILLION) 95
TABLE 42 NORTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 95
9.2.4 BY COUNTRY 96
TABLE 43 NORTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 96
TABLE 44 NORTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 96
9.2.5 US 96
9.2.5.1 Growing shipbuilding industry and increasing demand from naval forces are expected to drive marine VFD market in US 96
TABLE 45 US: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 97
TABLE 46 US: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 97
TABLE 47 US: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 97
TABLE 48 US: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 97
TABLE 49 US: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION) 98
9.2.6 CANADA 98
9.2.6.1 Rise in demand for recreational marine activities and government policies to boost shipping industry would drive marine VFD market 98
TABLE 50 CANADA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 98
TABLE 51 CANADA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 99
TABLE 52 CANADA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 99
TABLE 53 CANADA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 99
TABLE 54 CANADA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 99
9.2.7 MEXICO 100
9.2.7.1 Development of oil fields and governmental plans for infrastructural development are likely to boost Mexico’s shipping industry 100
TABLE 55 MEXICO: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 100
TABLE 56 MEXICO: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 100
TABLE 57 MEXICO: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 101
TABLE 58 MEXICO: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 101
TABLE 59 MEXICO: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 101
9.3 ASIA PACIFIC 102
FIGURE 37 ASIA PACIFIC: SNAPSHOT OF MARINE VFD MARKET 102
9.3.1 BY TYPE 103
TABLE 60 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 103
TABLE 61 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 103
9.3.2 BY VOLTAGE 103
TABLE 62 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 103
TABLE 63 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 103
 
9.3.3 BY APPLICATION 104
TABLE 64 ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 104
TABLE 65 ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION,
2020–2026 (USD MILLION) 104
TABLE 66 ASIA PACIFIC: MARINE VFD MARKET, BY PROPELLER,
2019–2026 (USD MILLION) 104
9.3.4 BY COUNTRY 105
TABLE 67 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 105
TABLE 68 ASIA PACIFIC: MARINE VFD MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 105
9.3.4.1 China 105
9.3.4.1.1 Increasing trade flow and robust support from government are likely to boost shipbuilding industry and enhance market growth 105
TABLE 69 CHINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 106
TABLE 70 CHINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 106
TABLE 71 CHINA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 106
TABLE 72 CHINA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 106
TABLE 73 CHINA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 107
9.3.4.2 India 107
9.3.4.2.1 Increasing marine freight traffic and favorable government policies are expected to drive market 107
TABLE 74 INDIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 107
TABLE 75 INDIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 108
TABLE 76 INDIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 108
TABLE 77 INDIA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 108
TABLE 78 INDIA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 108
9.3.4.3 Japan 109
9.3.4.3.1 Growing financial support provided by government for developing marine industry is expected to drive market 109
TABLE 79 JAPAN: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 109
TABLE 80 JAPAN: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 109
TABLE 81 JAPAN: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 82 JAPAN: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 110
TABLE 83 JAPAN: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 110
9.3.4.4 South Korea 110
9.3.4.4.1 Increasing order for new ships is likely to boost market 110
TABLE 84 SOUTH KOREA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 111
TABLE 85 SOUTH KOREA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 111
TABLE 86 SOUTH KOREA: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 111
TABLE 87 SOUTH KOREA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 111
TABLE 88 SOUTH KOREA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 112
9.3.4.5 Australia 112
9.3.4.5.1 Growing manufacturing of defense and commercial vessels is expected to drive market 112
TABLE 89 AUSTRALIA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 112
TABLE 90 AUSTRALIA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 113
TABLE 91 AUSTRALIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 113
TABLE 92 AUSTRALIA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 113
TABLE 93 AUSTRALIA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 113
9.3.4.6 Rest of Asia Pacific 114
9.3.4.6.1 Increasing trade volume in this region and foreign investment in maritime industry to drive market 114
TABLE 94 REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 114
TABLE 95 REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 114
TABLE 96 REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 115
TABLE 97 REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 115
TABLE 98 REST OF ASIA PACIFIC: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 115
9.4 EUROPE 116
FIGURE 38 EUROPE: SNAPSHOT OF MARINE VFD MARKET 117
9.4.1 BY TYPE 117
TABLE 99 EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 117
TABLE 100 EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 118
9.4.2 BY VOLTAGE 118
TABLE 101 EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 118
TABLE 102 EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 118
9.4.3 BY APPLICATION 119
TABLE 103 EUROPE: MARINE VFD MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 119
TABLE 104 EUROPE: MARINE VFD MARKET, BY APPLICATION,
2020–2026 (USD MILLION) 119
TABLE 105 EUROPE: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 119
9.4.4 BY COUNTRY 120
TABLE 106 EUROPE: MARINE VFD MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 120
TABLE 107 EUROPE: MARINE VFD MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 120
9.4.4.1 Italy 121
9.4.4.1.1 Increasing marine transportation and recreational activities to attract investments for marine VFDs 121
TABLE 108 ITALY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 121
TABLE 109 ITALY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 121
TABLE 110 ITALY: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 121
TABLE 111 ITALY: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 122
TABLE 112 ITALY: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 122
9.4.4.2 Germany 122
9.4.4.2.1 Government initiatives and friendly policies for shipping industry to attract investments for marine VFDs 122
TABLE 113 GERMANY: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 123
TABLE 114 GERMANY: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 123
TABLE 115 GERMANY: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 123
TABLE 116 GERMANY: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 124
TABLE 117 GERMANY: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 124
9.4.4.3 France 124
9.4.4.3.1 Increase in manufacturing of defense vessels is expected to drive domestic marine VFD market 124
TABLE 118 FRANCE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 125
TABLE 119 FRANCE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 125
TABLE 120 FRANCE: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 121 FRANCE: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 125
TABLE 122 FRANCE: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 126
9.4.4.4 Netherlands 126
9.4.4.4.1 Country’s plans to make its maritime industry emissions-free by 2030 would drive domestic marine VFD market 126
TABLE 123 NETHERLANDS: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 126
TABLE 124 NETHERLANDS: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 126
TABLE 125 NETHERLANDS: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 127
TABLE 126 NETHERLANDS: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 127
TABLE 127 NETHERLANDS: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 127
9.4.4.5 UK 128
9.4.4.5.1 Government support to boost shipbuilding industry is likely to drive marine VFD market 128
TABLE 128 UK: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 128
TABLE 129 UK: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 128
TABLE 130 UK: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 131 UK: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 129
TABLE 132 UK: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION) 129
9.4.4.6 Russia 129
9.4.4.6.1 Government policies and funding, along with naval exports, is expected to drive Russian market 129
TABLE 133 USSIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 130
TABLE 134 RUSSIA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 130
TABLE 135 RUSSIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 130
TABLE 136 RUSSIA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 130
TABLE 137 RUSSIA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 131
9.4.4.7 Rest of Europe 131
9.4.4.7.1 Longer coastline and growing shipbuilding industry are expected to drive marine VFD market 131
TABLE 138 REST OF EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 131
TABLE 139 REST OF EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 132
TABLE 140 REST OF EUROPE: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 132
TABLE 141 REST OF EUROPE: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 132
TABLE 142 REST OF EUROPE: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 132
9.5 SOUTH AMERICA 133
FIGURE 39 SOUTH AMERICA: SNAPSHOT OF MARINE VFD MARKET 133
9.5.1 BY TYPE 134
TABLE 143 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 134
TABLE 144 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 134
 
9.5.2 BY VOLTAGE 134
TABLE 145 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 134
TABLE 146 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 134
9.5.3 BY APPLICATION 135
TABLE 147 SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 135
TABLE 148 SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION,
2020–2026 (USD MILLION) 135
TABLE 149 SOUTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 135
9.5.4 BY COUNTRY 136
TABLE 150 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 136
TABLE 151 SOUTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 136
9.5.4.1 Brazil 136
9.5.4.1.1 Increasing demand for offshore and commercial vessels is likely to drive marine VFD market 136
TABLE 152 BRAZIL: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 136
TABLE 153 BRAZIL: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 137
TABLE 154 BRAZIL: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 137
TABLE 155 BRAZIL: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 137
TABLE 156 BRAZIL: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 137
9.5.4.2 Argentina 138
9.5.4.2.1 Focus of government on growth of country’s shipbuilding industry is likely to drive domestic marine VFD market 138
TABLE 157 ARGENTINA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 138
TABLE 158 ARGENTINA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 138
TABLE 159 ARGENTINA: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 138
TABLE 160 ARGENTINA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 139
TABLE 161 ARGENTINA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 139
9.5.4.3 Rest of South America 139
9.5.4.3.1 Investments in new shipbuilding capacities and naval exports along with trade exports are likely to boost marine VFD market 139
TABLE 162 REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 140
TABLE 163 REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 140
TABLE 164 REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 140
TABLE 165 REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 141
TABLE 166 REST OF SOUTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION) 141
9.6 MIDDLE EAST & AFRICA 142
FIGURE 40 MIDDLE EAST & AFRICA: SNAPSHOT OF MARINE VFD MARKET 142
9.6.1 BY TYPE 143
TABLE 167 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 143
TABLE 168 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 143
9.6.2 BY VOLTAGE 143
TABLE 169 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 143
TABLE 170 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 144
9.6.3 BY APPLICATION 144
TABLE 171 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 144
TABLE 172 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,
2020–2026 (USD MILLION) 144
TABLE 173 MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 145
9.6.4 BY COUNTRY 145
TABLE 174 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 145
TABLE 175 MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 145
9.6.4.1 Saudi Arabia 146
9.6.4.1.1 Increasing focus on shipbuilding industry is expected to drive Saudi Arabian marine VFD market 146
TABLE 176 SAUDI ARABIA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 146
TABLE 177 SAUDI ARABIA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 146
TABLE 178 SAUDI ARABIA: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 146
TABLE 179 SAUDI ARABIA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 147
TABLE 180 SAUDI ARABIA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 147
9.6.4.2 UAE 147
9.6.4.2.1 Government investments in naval power and oil & gas exports are expected to drive UAE market 147
TABLE 181 UAE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 148
TABLE 182 UAE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 148
TABLE 183 UAE: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 148
TABLE 184 UAE: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 148
TABLE 185 UAE: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 149
9.6.4.3 Qatar 149
9.6.4.3.1 Investments in LNG carriers and increasing exports of natural gas and petroleum are expected to create demand for marine VFDs 149
TABLE 186 QATAR: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 149
TABLE 187 QATAR: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 150
TABLE 188 QATAR: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 150
TABLE 189 QATAR: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 150
TABLE 190 QATAR: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 150
9.6.4.4 South Africa 151
9.6.4.4.1 Government support and private investments in shipbuilding sector and port upgrades would drive South African marine VFD market 151
TABLE 191 SOUTH AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2016–2019 (USD MILLION) 151
TABLE 192 SOUTH AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE,
2020–2026 (USD MILLION) 151
TABLE 193 SOUTH AFRICA: MARINE VFD MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 152
TABLE 194 SOUTH AFRICA: MARINE VFD MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 152
TABLE 195 SOUTH AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE,
2019–2026 (USD MILLION) 152
9.6.4.5 Rest of Middle East & Africa 153
9.6.4.5.1 Growing potential for international trade is expected to drive market growth 153
TABLE 196 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION) 153
TABLE 197 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION) 153
TABLE 198 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 199 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION) 154
TABLE 200 REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION) 154
 
10 COMPETITIVE LANDSCAPE 155
10.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 155
TABLE 201 OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS,
JANUARY 2017–SEPTEMBER 2021 155
10.2 MARKET SHARE ANALYSIS 157
TABLE 202 MARINE VFD MARKET: DEGREE OF COMPETITION 157
FIGURE 41 LEADING PLAYERS IN MARINE VFD MARKET 157
10.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 158
FIGURE 42 TOP FIVE PLAYERS IN MARINE VFD MARKET FROM 2016 TO 2020 158
10.4 COMPETITIVE SCENARIO 159
TABLE 203 MARINE VFD MARKET: PRODUCT LAUNCHES, JANUARY 2017–AUGUST 2021 159
TABLE 204 MARINE VFD MARKET: DEALS, JUNE 2017–AUGUST 2021 160
TABLE 205 MARINE VFD MARKET: OTHERS, JULY 2017–NOVEMBER 2018 162
10.5 COMPANY EVALUATION QUADRANT 162
10.5.1 STAR 162
10.5.2 EMERGING LEADER 162
10.5.3 PERVASIVE 162
10.5.4 PARTICIPANT 162
FIGURE 43 COMPANY EVALUATION QUADRANT: MARINE VFD MARKET, 2020 163
10.6 COMPETITIVE BENCHMARKING 164
TABLE 206 COMPANY PRODUCT FOOTPRINT 164
TABLE 207 COMPANY APPLICATION FOOTPRINT 165
TABLE 208 COMPANY VOLTAGE FOOTPRINT 166
TABLE 209 COMPANY REGION FOOTPRINT 167

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...

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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