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Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51–250 kW, 251–500 kW, & Above 500 kW), ...

Publisher:        MarketsandMarkets

# of Pages:        368

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1 User License $4,950

Publication Date:  February, 2022

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1 INTRODUCTION 36
1.1 OBJECTIVES OF THE STUDY 36
1.2 DEFINITION 36
1.3 INCLUSIONS AND EXCLUSIONS 37
1.3.1 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE 37
1.3.2 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE 37
1.3.3 INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER 37
1.3.4 INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE 38
1.3.5 INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE 38
1.3.6 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY 38
1.4 MARKET SCOPE 39
FIGURE 1 INDUSTRIAL AIR COMPRESSOR MARKET SEGMENTATION 39
1.4.1 REGIONAL SCOPE 40
1.4.2 YEARS CONSIDERED FOR THE STUDY 40
1.5 CURRENCY 41
1.6 LIMITATIONS 41
1.7 STAKEHOLDERS 41
1.8 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 2 INDUSTRIAL AIR COMPRESSOR MARKET: RESEARCH DESIGN 44
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 3 DATA TRIANGULATION METHODOLOGY 45
2.2.1 SECONDARY DATA 46
2.2.1.1 Key data from secondary sources 46
2.2.2 PRIMARY DATA 46
2.2.2.1 Key data from primary sources 47
2.2.2.2 Breakdown of primaries 48
2.3 IMPACT OF COVID-19 ON INDUSTRY 49
2.4 SCOPE 49
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL AIR COMPRESSORS 49
2.5 MARKET SIZE ESTIMATION 50
2.5.1 BOTTOM-UP APPROACH 50
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 50
2.5.2 TOP-DOWN APPROACH 51
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 51
2.5.3 DEMAND-SIDE ANALYSIS 52
2.5.3.1 Regional analysis 52
2.5.3.2 Country analysis 53
2.5.3.3 Assumptions for demand-side 53
2.5.3.4 Calculation for demand-side 53
2.5.4 SUPPLY-SIDE ANALYSIS 54
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF INDUSTRIAL AIR COMPRESSORS 54
FIGURE 8 INDUSTRIAL AIR COMPRESSOR MARKET: SUPPLY-SIDE ANALYSIS 55
2.5.4.1 Supply-side calculation 55
2.5.4.2 Assumptions for supply-side 55
FIGURE 9 COMPANY REVENUE ANALYSIS, 2020 56
2.5.5 FORECAST 56
3 EXECUTIVE SUMMARY 57
TABLE 1 INDUSTRIAL AIR COMPRESSOR MARKET SNAPSHOT 58
FIGURE 10 ASIA PACIFIC DOMINATED INDUSTRIAL AIR COMPRESSOR MARKET IN 2020 59
FIGURE 11 POSITIVE DISPLACEMENT TYPE TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE,
FROM 2021 TO 2026 60
FIGURE 12 RECIPROCATING TYPE TO LEAD INDUSTRIAL AIR COMPRESSOR MARKET, FROM 2021 TO 2026 60
FIGURE 13 SCREW TYPE TO LEAD INDUSTRIAL AIR COMPRESSOR MARKET,
FROM 2021 TO 2026 61
FIGURE 14 CENTRIFUGAL TYPE TO LEAD INDUSTRIAL AIR COMPRESSOR MARKET,
FROM 2021 TO 2026 61
FIGURE 15 STATIONARY SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN, FROM 2021 TO 2026 62
FIGURE 16 UP TO 20 BAR SEGMENT TO ACCOUNT FOR LARGER SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE, FROM 2021 TO 2026 62
FIGURE 17 51—250 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER, FROM 2021 TO 2026 63
FIGURE 18 OIL-FLOODED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE, FROM 2021 TO 2026 63
FIGURE 19 AIR-COOLED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE, FROM 2021 TO 2026 64
FIGURE 20 CHEMICAL & PETROCHEMICAL INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, FROM 2021 TO 2026 65
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL AIR COMPRESSOR MARKET 66
FIGURE 21 RAPID INDUSTRIALIZATION AND GROWTH IN AUTOMATION IN EMERGING ECONOMIES TO DRIVE GROWTH OF INDUSTRIAL AIR COMPRESSOR MARKET BETWEEN 2021 AND 2026 66
 
4.2 INDUSTRIAL AIR COMPRESSOR MARKET, BY REGION 67
FIGURE 22 ASIA PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 67
4.3 ASIA PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY AND COUNTRY 67
FIGURE 23 CHEMICAL & PETROCHEMICAL END-USER INDUSTRY AND CHINA HELD LARGEST SHARES OF INDUSTRIAL AIR COMPRESSOR MARKET IN ASIA PACIFIC IN 2020 67
4.4 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE 68
FIGURE 24 POSITIVE DISPLACEMENT TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY PRODUCT TYPE, BY 2026 68
FIGURE 25 ROTARY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY POSITIVE DISPLACEMENT PRODUCT TYPE, BY 2026 68
FIGURE 26 SCREW TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY ROTARY INDUSTRIAL AIR COMPRESSOR TYPE, BY 2026 69
FIGURE 27 CENTRIFUGAL TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY DYNAMIC DISPLACEMENT PRODUCT TYPE, BY 2026 69
4.5 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN 70
FIGURE 28 STATIONARY SEGMENT TO DOMINATE INDUSTRIAL AIR COMPRESSOR MARKET, BY USAGE TYPE, IN 2026 70
4.6 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE 70
FIGURE 29 UP TO 20 BAR SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE, IN 2026 70
4.7 INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER 71
FIGURE 30 51—250 KW SEGMENT TO DOMINATE INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER, IN 2026 71
4.8 INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE 71
FIGURE 31 OIL-FLOODED SEGMENT TO DOMINATE INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE, IN 2026 71
4.9 INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE 72
FIGURE 32 AIR-COOLED SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE, IN 2026 72
4.10 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY 72
FIGURE 33 CHEMICALS & PETROCHEMICALS SEGMENT TO DOMINATE INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, IN 2026 72
5 MARKET OVERVIEW 73
5.1 INTRODUCTION 73
5.2 COVID-19 HEALTH ASSESSMENT 73
FIGURE 34 GLOBAL PROPAGATION OF COVID-19 74
FIGURE 35 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES 74
5.3 COVID-19 ECONOMIC ASSESSMENT 75
FIGURE 36 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020 75
5.4 MARKET DYNAMICS 76
FIGURE 37 INDUSTRIAL AIR COMPRESSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 76
5.4.1 DRIVERS 76
5.4.1.1 Rapid industrialization and increasing automation in emerging economies 76
TABLE 2 INDUSTRIAL SECTOR USES OF COMPRESSED AIR 77
FIGURE 38 GLOBAL ENERGY INVESTMENT, BY SOURCE, 2015–2021 78
5.4.1.2 Inflow of investments and rising demand for oil-free compressors in food & beverages industry 78
FIGURE 39 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2016–2020 (USD BILLION) 78
TABLE 3 ISO 8573-1:2010 COMPRESSED AIR CONTAMINANTS AND PURITY CLASSES 79
5.4.1.3 Surging demand from HVAC industry 80
FIGURE 40 HVAC SYSTEM MARKET, 2017–2026 (USD BILLION) 80
5.4.2 RESTRAINTS 81
5.4.2.1 Increased financial losses, equipment downtime, and unnecessary capacity additions associated with air leaks 81
5.4.2.2 High maintenance costs and total cost of ownership 81
5.4.3 OPPORTUNITIES 81
5.4.3.1 Increasing demand for energy-efficient air compressors 81
5.4.3.2 Rapid transformation of IoT in compressed air industry 82
5.4.3.3 Initiatives to set up new gas transportation infrastructure and upgrade existing infrastructure 82
TABLE 4 LIST OF NATURAL GAS PIPELINE PROJECTS IN US 83
5.4.3.4 Growing adoption of HVAC systems in Asia Pacific 84
5.4.4 CHALLENGES 84
5.4.4.1 Adherence to stringent quality standards 84
TABLE 5 INDUSTRY STANDARDS FOR INDUSTRIAL AIR COMPRESSORS IN EUROPE AND US 85
5.4.4.2 Reducing noise pollution and enabling quieter operations 86
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 86
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL AIR COMPRESSOR PROVIDERS 86
FIGURE 41 REVENUE SHIFT FOR INDUSTRIAL AIR COMPRESSOR PROVIDERS 87
5.6 MARKET MAP 87
FIGURE 42 GMARKET MAP: INDUSTRIAL AIR COMPRESSOR MARKET 87
TABLE 6 INDUSTRIAL AIR COMPRESSOR MARKET: ROLE IN ECOSYSTEM 88
5.7 VALUE CHAIN ANALYSIS 89
FIGURE 43 VALUE CHAIN ANALYSIS: INDUSTRIAL AIR COMPRESSOR MARKET 90
5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS 90
5.7.2 COMPONENT MANUFACTURERS 90
5.7.3 INDUSTRIAL AIR COMPRESSOR MANUFACTURERS/ASSEMBLERS 91
5.7.4 DISTRIBUTORS (BUYERS)/END USERS 91
5.7.5 POST-SALES SERVICES 91
 
5.8 TECHNOLOGY ANALYSIS 91
5.8.1 IOT-CONNECTED INDUSTRIAL AIR COMPRESSORS 91
5.9 AVERAGE SELLING PRICES 92
TABLE 7 AVERAGE SELLING PRICES OF INDUSTRIAL AIR COMPRESSORS IN INDIA, 2020 92
5.10 TARIFFS, CODES, & REGULATIONS 92
5.10.1 TARIFFS RELATED TO INDUSTRIAL AIR COMPRESSORS 92
TABLE 8 IMPORT TARIFFS FOR HS 8414 AIR OR VACUUM PUMPS, AIR OR OTHER GAS COMPRESSORS AND FANS; VENTILATING OR RECYCLING HOODS INCORPORATING A FAN, WHETHER OR NOT FITTED WITH FILTERS IN 2019 92
5.10.2 CODE AND REGULATIONS RELATED TO INDUSTRIAL AIR COMPRESSORS 93
TABLE 9 INDUSTRIAL AIR COMPRESSOR: CODES AND REGULATIONS 93
5.11 INNOVATIONS AND PATENT REGISTRATIONS 96
TABLE 10 INDUSTRIAL AIR COMPRESSOR: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–AUGUST 2021 96
5.12 PORTER’S FIVE FORCES ANALYSIS 103
FIGURE 44 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL AIR COMPRESSOR MARKET 103
TABLE 11 INDUSTRIAL AIR COMPRESSOR MARKET: PORTER’S FIVE FORCES ANALYSIS 103
5.12.1 THREAT OF SUBSTITUTES 104
5.12.2 BARGAINING POWER OF SUPPLIERS 104
5.12.3 BARGAINING POWER OF BUYERS 104
5.12.4 THREAT OF NEW ENTRANTS 104
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 105
5.13 CASE STUDY ANALYSIS 105
5.13.1 BOGE KOMPRESSOREN PROVIDES INDUSTRIAL AIR COMPRESSORS FOR PRODUCTION OF PET BOTTLES AT FONTI DI VINADIO SPA 105
5.13.1.1 Problem Statement 105
5.13.1.2 Solution 105
5.13.2 BOGE KOMPRESSOREN PROVIDES COMPRESSORS FOR AN EFFICIENT SUPPLY OF WORKING AIR FOR METAL-FORMING OPERATIONS 105
5.13.2.1 Problem Statement 105
5.13.2.2 Solution 105
5.13.3 AIR TECHNOLOGIES PROVIDES NEW COMPRESSOR THAT HELPS AUTOMOTOVE MANUFACTURERS TO IMPROVE PLANT OPERATIONS 106
5.13.3.1 Problem Statement 106
5.13.3.2 Solution 106
5.13.4 BOGE KOMPRESSOREN PROVIDED COMPRESSED AIR FOR FILLING BREWERY KEGS AT BLACK SHEEP BREWERY 106
5.13.4.1 Problem Statement 106
5.13.4.2 Solution 106
 
6 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE 107
6.1 INTRODUCTION 108
FIGURE 45 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE, 2020 108
TABLE 12 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRODUCT TYPE,
2019–2026 (USD MILLION) 108
TABLE 13 INDUSTRIAL AIR COMPRESSOR MARKET VOLUME, BY PRODUCT TYPE,
2019–2026 (MILLION UNITS) 109
6.2 POSITIVE DISPLACEMENT 109
6.2.1 GROWING DEMAND FROM CONSTRUCTION, AUTOMOTIVE & TRANSPORTATION, PACKAGING, METALS & MINING, AND OTHER END-USER INDUSTRIES LIKELY TO FUEL GROWTH OF INDUSTRIAL AIR COMPRESSOR MARKET 109
FIGURE 46 POSITIVE DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET,
BY TYPE, 2020 110
TABLE 14 POSITIVE DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY TYPE, 2019–2026 (USD MILLION) 110
TABLE 15 POSITIVE DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 111
6.2.1.1 Reciprocating 111
TABLE 16 RECIPROCATING INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 112
6.2.1.2 Rotary 112
6.2.1.2.1 Screw 112
6.2.1.2.2 Scroll 113
6.2.1.2.3 Others 113
TABLE 17 ROTARY INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 113
TABLE 18 ROTARY INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 114
6.3 DYNAMIC DISPLACEMENT 114
6.3.1 LOWER MAINTENANCE, HIGH FLOW CAPACITIES, AND HIGH ENERGY & COMPRESSION EFFICIENCIES DRIVING GROWTH OF DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSORS 114
FIGURE 47 DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET,
BY TYPE, 2020 115
TABLE 19 DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY TYPE, 2019–2026 (USD MILLION) 115
TABLE 20 DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 116
6.3.1.1 Centrifugal 116
TABLE 21 CENTRIFUGAL INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 117
6.3.1.2 Axial 117
TABLE 22 AXIAL INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 117
 
7 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN 118
7.1 INTRODUCTION 119
FIGURE 48 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN, 2020 119
TABLE 23 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION) 119
7.2 STATIONARY 120
7.2.1 GROWING FOOD & BEVERAGES, CHEMICALS, AND AUTOMOBILE INDUSTRIES LIKELY TO FUEL DEMAND FOR STATIONARY INDUSTRIAL AIR COMPRESSORS 120
TABLE 24 STATIONARY INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 120
7.3 PORTABLE 121
7.3.1 USE OF LOW-EMISSION ENGINE TECHNOLOGY AND ACCESSIBILITY TO REMOTE LOCATIONS DRIVING GROWTH FOR PORTABLE INDUSTRIAL AIR COMPRESSORS 121
TABLE 25 PORTABLE INDUSTRIAL AIR COMPRESSOR MARKET, BY REGION,
2019–2026 (USD MILLION) 121
8 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE 122
8.1 INTRODUCTION 123
FIGURE 49 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE, 2020 123
TABLE 26 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRESSURE,
2019–2026 (USD MILLION) 123
8.2 UP TO 20 BAR 124
8.2.1 GROWING APPLICATIONS OF UP TO 20 BAR COMPRESSORS IN PNEUMATIC TOOLS, CONTROLS, AND OTHER AUTOMATION SYSTEMS IN AUTOMOTIVE, AND FOOD & BEVERAGES LIKELY TO FUEL DEMAND FOR SEGMENT 124
TABLE 27 UP TO 20 BAR: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 124
8.3 21–100 BAR 124
8.3.1 INCREASING DEMAND FROM CHEMICALS, PETROCHEMICALS, FERTILIZERS, AND OTHER PROCESS INDUSTRIES EXPECTED TO DRIVE GROWTH FOR 21–100 BAR INDUSTRIAL AIR COMPRESSORS 124
TABLE 28 21–100 BAR: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 125
8.4 ABOVE 100 BAR 125
8.4.1 INCREASING DEMAND FOR GAS DISTRIBUTION AND SURGING ADOPTION OF ENHANCED OIL RECOVERY TECHNIQUES EXPECTED TO BOOST GROWTH OF MARKET 125
TABLE 29 ABOVE 100 BAR: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 126
 
9 INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER 127
9.1 INTRODUCTION 128
FIGURE 50 INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER, 2020 128
TABLE 30 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION) 128
9.2 UP TO 50 KW 129
9.2.1 GROWING APPLICATIONS IN CONSTRUCTION, AUTOMOTIVE, FOOD & BEVERAGES, HEALTHCARE, AND PHARMACEUTICAL INDUSTRIES LIKELY TO FUEL DEMAND FOR UP TO 50 KW COMPRESSORS 129
TABLE 31 UP TO 50 KW: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 129
9.3 51–250 KW 129
9.3.1 INCREASING DEMAND FOR CHEMICALS AND OTHER PROCESS INDUSTRIES IN EMERGING COUNTRIES EXPECTED TO DRIVE GROWTH FOR 51–250 KW INDUSTRIAL AIR COMPRESSORS 129
TABLE 32 51–250 KW: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 130
9.4 251–500 KW 130
9.4.1 GROWING DEMAND FOR HVAC EXPECTED TO BOOST GROWTH OF INDUSTRIAL AIR COMPRESSOR MARKET 130
TABLE 33 251–500 KW: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 131
9.5 ABOVE 500 KW 131
9.5.1 INCREASING LNG STORAGE CAPACITY AND GROWING DEMAND FROM PETROCHEMICAL INDUSTRY EXPECTED TO BOOST MARKET GROWTH 131
TABLE 34 ABOVE 500 KW: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 132
10 INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE 133
10.1 INTRODUCTION 134
FIGURE 51 INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE, 2020 134
TABLE 35 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY SEAL TYPE,
2019–2026 (USD MILLION) 134
10.2 OIL-FLOODED 135
10.2.1 LOWER INITIAL AND MAINTENANCE COSTS AND LONGER EQUIPMENT LIFE SPANS OF OIL-FLOODED INDUSTRIAL AIR COMPRESSORS LIKELY TO FUEL GROWTH OF MARKET 135
TABLE 36 OIL-FLOODED INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 135
10.3 OIL-FREE 136
10.3.1 INCREASING USE IN FOOD & BEVERAGES, CHEMICALS, PHARMACEUTICALS, AND HEALTHCARE SECTORS DRIVING GROWTH FOR OIL-FREE INDUSTRIAL AIR COMPRESSORS 136
TABLE 37 OIL-FREE INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 136
 
11 INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE 137
11.1 INTRODUCTION 138
FIGURE 52 INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE, 2020 138
TABLE 38 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY COOLANT TYPE,
2019–2026 (USD MILLION) 138
11.2 AIR-COOLED 139
11.2.1 TECHNOLOGICAL ADVANCEMENTS IN DESIGN OF AIR-COOLED INDUSTRIAL AIR COMPRESSORS LIKELY TO FUEL MARKET GROWTH 139
TABLE 39 AIR-COOLED INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 139
11.3 WATER-COOLED 140
11.3.1 LOWER POWER REQUIREMENTS AND INCREASED EFFICIENCY DRIVING GROWTH FOR WATER-COOLED INDUSTRIAL AIR COMPRESSORS 140
TABLE 40 WATER-COOLED INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 140
12 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY 141
12.1 INTRODUCTION 142
FIGURE 53 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2020 142
TABLE 41 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 143
12.2 CHEMICALS & PETROCHEMICALS 143
12.2.1 INCREASING INVESTMENTS IN DOWNSTREAM OIL & GAS AND PETROCHEMICAL INDUSTRIES ALONG WITH MANUFACTURING CAPACITY EXPANSIONS IN CHEMICALS INDUSTRY LIKELY TO FUEL DEMAND FOR UP TO 20 BAR COMPRESSORS 143
TABLE 42 CHEMICALS & PETROCHEMICALS: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 144
12.3 FOOD & BEVERAGES 144
12.3.1 INCREASING DEMAND FOR OIL-FREE COMPRESSED AIR EXPECTED TO DRIVE GROWTH OF INDUSTRIAL AIR COMPRESSORS IN FOOD & BEVERAGES INDUSTRY 144
TABLE 43 FOOD & BEVERAGES: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 145
12.4 OIL & GAS 145
12.4.1 INCREASING ADOPTON OF INDUSTRIAL AIR COMPRESSORS FOR ONSHORE AND OFFSHORE DRILLING, GAS COMPRESSION, AND PIPELINE AND PROCESS SERVICES (PPS) EXPECTED TO BOOST GROWTH OF OIL & GAS SEGMENT 145
TABLE 44 OIL & GAS: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 146
12.5 PHARMACEUTICALS 146
12.5.1 SURGING DEMAND FOR CLASS “0” OIL-FREE AIR TO PREVENT RISK OF CONTAMINATION LIKELY TO FUEL DEMAND FOR PHARMACEUTICALS SEGMENT 146
TABLE 45 PHARMACEUTICALS: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 147
 
12.6 CONSTRUCTION 147
12.6.1 INCREASING ADOPTION OF HEAVY-DUTY PORTABLE INDUSTRIAL AIR COMPRESSORS LIKELY TO BOOST DEMAND FOR CONSTRUCTION SEGMENT 147
TABLE 46 CONSTRUCTION: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 148
12.7 AUTOMOTIVE & TRANSPORTATION 148
12.7.1 GROWING USE OF AUTOMATION SYSTEMS IN AUTOMOTIVE INDUSTRY LIKELY TO FUEL DEMAND FOR INDUSTRIAL AIR COMPRESSORS 148
TABLE 47 AUTOMOTIVE & TRANSPORTATION: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 149
12.8 PACKAGING (INCLUDES PET BLOWING) 149
12.8.1 GROWING DEMAND FOR OIL-FREE COMPRESSORS LIKELY TO DRIVE GROWTH OF PACKAGING 149
TABLE 48 PACKAGING (INCLUDES PET BLOWING): INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 149
12.9 POWER GENERATION 150
12.9.1 RISING DEMAND FOR POWER AND RETROFIT AND MODERNIZATION PROJECTS IN EUROPE AND NORTH AMERICA EXPECTED TO BOOST GROWTH OF POWER GENERATION SEGMENT 150
TABLE 49 POWER GENERATION: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 150
12.10 HEALTHCARE 151
12.10.1 GROWING DEMAND FOR COMPRESSED AIR APPLICATIONS TO DRIVE SURGICAL TOOLS AND PROVIDE CENTRAL STERILE SUPPLY LIKELY TO FUEL DEMAND FOR UP HEALTHCARE SEGMENT 151
TABLE 50 HEALTHCARE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 151
12.11 METALS & MINING 152
12.11.1 INCREASING APPLICATIONS OF INDUSTRIAL AIR COMPRESSORS IN TUNNELING, EXPLORATION DRILLING, AND SMELTING EXPECTED TO BOOST DEMAND FOR METALS & MINING SEGMENT 152
TABLE 51 METALS & MINING: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY REGION, 2019–2026 (USD MILLION) 152
12.12 HVAC 152
12.12.1 RISING DEMAND FOR HVAC SYSTEMS IN ASIA PACIFIC, ESPECIALLY IN CHINA AND INDIA, EXPECTED TO DRIVE DEMAND FOR INDUSTRIAL AIR COMPRESSORS 152
TABLE 52 HVAC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 153
12.13 OTHERS 153
TABLE 53 OTHERS: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 154
13 GEOGRAPHIC ANALYSIS 155
13.1 INTRODUCTION 156
FIGURE 54 INDUSTRIAL AIR COMPRESSOR MARKET SHARE, BY REGION, 2020 (%) 157
FIGURE 55 INDUSTRIAL AIR COMPRESSOR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 157
TABLE 54 INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 158
TABLE 55 INDUSTRIAL AIR COMPRESSOR MARKET VOLUME, BY REGION,
2019–2026 (MILLION UNITS) 158
13.2 ASIA PACIFIC 159
FIGURE 56 SNAPSHOT: ASIA PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET 160
13.2.1 BY PRODUCT TYPE 161
TABLE 56 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION) 161
TABLE 57 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET VOLUME,
BY PRODUCT TYPE, 2019–2026 (MILLION UNITS) 161
TABLE 58 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR POSITIVE DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION) 161
TABLE 59 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR ROTARY,
BY TYPE, 2019–2026 (USD MILLION) 162
TABLE 60 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION) 162
13.2.2 BY DESIGN 162
TABLE 61 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION) 162
13.2.3 BY PRESSURE 163
TABLE 62 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION) 163
13.2.4 BY OUTPUT POWER 163
TABLE 63 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION) 163
13.2.5 BY SEAL TYPE 163
TABLE 64 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION) 163
13.2.6 BY COOLANT TYPE 164
TABLE 65 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION) 164
13.2.7 BY END-USER INDUSTRY 164
TABLE 66 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 164
13.2.8 BY COUNTRY 165
TABLE 67 ASIA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION) 165
13.2.8.1 China 165
13.2.8.1.1 LNG capacity addition, new carbon capture, utilization, and storage projects along with growth of EV industry to fuel industrial air compressor market in China 165
TABLE 68 CHINA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 166
13.2.8.2 Australia 166
13.2.8.2.1 Industry-friendly government policies for lithium mining and water and wastewater treatment, as well as increasing investments in hydrogen production, to drive growth of industrial air compressor market in Australia 166
TABLE 69 AUSTRALIA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 168
13.2.8.3 India 168
13.2.8.3.1 Government initiatives to increase investments in manufacturing sector, as well as growth of chemical, healthcare, and pharmaceutical industry, to fuel growth of industrial air compressor market in India 168
TABLE 70 INDIA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 169
13.2.8.4 Japan 170
13.2.8.4.1 Increasing investments in food & beverages sector, sustained growth of manufacturing industry, and demand for LNG to drive industrial air compressor market in Japan 170
TABLE 71 JAPAN: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 171
13.2.8.5 South Korea 171
13.2.8.5.1 Growth of steel, chemical, and construction industries in South Korea to drive growth of industrial air compressor market 171
TABLE 72 SOUTH KOREA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 172
13.2.8.6 Taiwan 172
13.2.8.6.1 Growing need for semiconductor chips and increasing LNG receiving capacity to meet energy demand to propel growth of industrial air compressor market in Taiwan 172
TABLE 73 TAIWAN: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 173
13.2.8.7 Rest of Asia Pacific 174
TABLE 74 REST OF AISA PACIFIC: INDUSTRIAL AIR COMPRESSOR MARKET,
BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 175
13.3 NORTH AMERICA 175
FIGURE 57 SNAPSHOT: NORTH AMERICAN INDUSTRIAL AIR COMPRESSOR MARKET 177
13.3.1 BY PRODUCT TYPE 178
TABLE 75 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY PRODUCT TYPE, 2019–2026 (USD MILLION) 178
TABLE 76 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET VOLUME,
BY PRODUCT TYPE, 2019–2026 (MILLION UNITS) 178
TABLE 77 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR POSITIVE DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION) 178
TABLE 78 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION) 179
TABLE 79 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION) 179
13.3.2 BY DESIGN 179
TABLE 80 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION) 179
13.3.3 BY PRESSURE 180
TABLE 81 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY PRESSURE, 2019–2026 (USD MILLION) 180
13.3.4 BY OUTPUT POWER 180
TABLE 82 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY OUTPUT POWER, 2019–2026 (USD MILLION) 180
13.3.5 BY SEAL TYPE 181
TABLE 83 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY SEAL TYPE, 2019–2026 (USD MILLION) 181
13.3.6 BY COOLANT TYPE 181
TABLE 84 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY COOLANT TYPE, 2019–2026 (USD MILLION) 181
13.3.7 BY END-USER INDUSTRY 182
TABLE 85 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 182
13.3.8 BY COUNTRY 182
TABLE 86 NORTH AMERICA: INDUSTRIAL AIR COMPRESSOR MARKET SIZE,
BY COUNTRY, 2019–2026 (USD MILLION) 182
13.3.8.1 US 183
13.3.8.1.1 Increasing investments in automotive sector and surge in demand for food & beverages, petroleum, and chemical products to drive growth of industrial air compressor market in US 183
TABLE 87 US: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 184
13.3.8.2 Canada 184
13.3.8.2.1 Increasing focus on oil & gas and water treatment plants expected to boost demand for industrial air compressors in Canada 184
TABLE 88 CANADA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 185
13.3.8.3 Mexico 186
13.3.8.3.1 Increasing investments in oil & gas and automotive industry will drive growth of industrial air compressor market in Mexico 186
TABLE 89 MEXICO: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 187
13.4 EUROPE 187
13.4.1 BY PRODUCT TYPE 188
TABLE 90 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION) 188
TABLE 91 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS) 188
TABLE 92 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR POSITIVE DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION) 189
TABLE 93 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR ROTARY,
BY TYPE, 2019–2026 (USD MILLION) 189
TABLE 94 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION) 189
13.4.2 BY DESIGN 190
TABLE 95 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY DESIGN,
2019–2026 (USD MILLION) 190
13.4.3 BY PRESSURE 190
TABLE 96 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION) 190
13.4.4 BY OUTPUT POWER 190
TABLE 97 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION) 190
13.4.5 BY SEAL TYPE 191
TABLE 98 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION) 191
13.4.6 BY COOLANT TYPE 191
TABLE 99 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION) 191
13.4.7 BY END-USER INDUSTRY 192
TABLE 100 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 192
13.4.8 BY COUNTRY 193
TABLE 101 EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 193
13.4.8.1 Germany 193
13.4.8.1.1 Growth of water & wastewater treatment and chemical industries are prominent drivers for industrial air compressor market in Germany 193
TABLE 102 GERMANY: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 194
13.4.8.2 UK 194
13.4.8.2.1 Growing demand from LNG market and for EV vehicles to increase deployment of industrial air compressors in UK 194
TABLE 103 UK: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 195
13.4.8.3 Italy 196
13.4.8.3.1 Rise in demand from crude steel and water treatment plants leading to growth of industrial air compressor market in Italy 196
TABLE 104 ITALY: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 196
13.4.8.4 France 197
13.4.8.4.1 Rising demand for carbon fiber in chemical industry increases deployment of industrial air compressors in France 197
TABLE 105 FRANCE: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 198
13.4.8.5 Spain 198
13.4.8.5.1 Growing hydrocarbon and chemical sectors will drive growth of industrial air compressors in Spain 198
TABLE 106 SPAIN: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 199
13.4.8.6 Russia 199
13.4.8.6.1 Increasing production of oil and mining activities will lead to growth of industrial air compressor market in Russia 199
TABLE 107 RUSSIA: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 200
13.4.8.7 Rest of Europe 201
TABLE 108 REST OF EUROPE: INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION) 202

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

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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