April 11, 2016
Sales of solid oxide fuel cells – electrochemical systems similar to batteries – are set to double by 2020.
Solid oxide fuel cells are among the most efficient and cost-effective types of fuel cell.
According to US-based analysis firm, BCC Research, SOFCs are transitioning from an emerging market to a specialty market.
The global market for the technology totalled US$303 million in 2008. It is expected to reach nearly $1.2 billion by 2020, from $662 million in 2015.
“SOFCs […] are poised to become a mass market for both the residential heating and power and, eventually, the consumer electronics industries,” said BCC Research analyst Donald Saxman.
Editor’s comment: SOFCs’ solid-state design offers an advantage because it eliminates problems associated with some liquid electrolyte fuel cells. SOFCs replace the more traditional liquid electrolyte with a solid ceramic material. This allows for the potential of decreased manufacturing costs and increased reliability.