TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Outlook 5
Recent Economic Performance 5
Macroeconomic Outlook 8
Global Fixed Investment Trends 9
World Demographic Outlook 12
World Energy & Power Generation Outlook 14
Cost/Pricing Dynamics 17
Environmental Regulations & Standards 19
III. TECHNOLOGY 21
General 21
Basic Electrical Properties 22
Micropower Technologies 23
Conventional Engine-Based Systems 24
Fuel Cells 25
Construction & Operation 25
Fuel Cell Chemistries 26
Fuel Cell Electronics 27
Other Products 28
Microturbines 29
Turbogenerators 29
Electronic Controls 30
Other Products 30
Solar/Photovoltaics 30
Other Renewables 31
IV. SUPPLY & DEMAND 33
General 33
World Micropower Markets 34
Regional Markets 37
Markets By Type 40
Conventional Small-Scale Generators 43
Fuel Cells 44
Microturbines 46
Solar/Photovoltaics 48
Other Renewable Energy Sources 50
Production Overview 52
V. NORTH AMERICA 55
General 55
United States 60
Canada 65
Mexico 67
VI. WESTERN EUROPE 71
General 71
Denmark 74
France 78
Germany 81
Italy 84
The Netherlands 87
Spain 90
Sweden 93
Switzerland 96
United Kingdom 98
Other Western Europe 101
VII. ASIA/PACIFIC 105
General 105
Australia 109
China 111
India 115
Indonesia 117
Japan 120
Malaysia 124
South Korea 126
Taiwan 130
Thailand 132
Other Asia/Pacific 135
VIII. OTHER REGIONS 139
General 139
Latin America 141
Brazil 145
Other Latin America 148
Eastern Europe 150
Russia 154
Other Eastern Europe 157
Africa/Mideast 160
South Africa 163
Turkey 166
Other Africa/Mideast 169
IX. INDUSTRY STRUCTURE 173
General 173
Industry Composition & Market Share 174
Product Development & Manufacturing 176
Marketing & Distribution 178
Mergers, Acquisitions & Industry Restructuring 195
Company Profiles 199
ABB Alstom Power, see Alstom SA
ABB Limited 200
Allison Engine Company, see Rolls-Royce plc
Alstom SA 203
Amandla-Honeywell Power Systems, see Honeywell
International Incorporated
APEX, see BP plc
Axiva GmbH, see Siemens AG
Ballard Power Systems Incorporated 206
Bonus Energy A/S 217
BP plc 218
Capstone Turbine Corporation 223
Caterpillar Incorporated 227
Chrysalix Energy Limited Partnership, see Ballard Power
Systems and Royal Dutch/Shell Group of Companies
Cummins Engine Company Incorporated 232
DaimlerChrysler AG 236
dbb fuel cell engines GmbH, see Ballard Power Systems
Detroit Diesel Corporation, see DaimlerChrysler AG
DuPont (EI) de Nemours 243
Ebara Ballard Corporation, see Ballard Power Systems
Ecostar Electric Drive Systems LLC, see Ballard Power
Systems Incorporated
Enron Corporation 249
Gamesa Eolica SA, see Vestas Wind Systems A/S
GE Power Systems, see General Electric Company
General Electric Company 251
Honeywell International Incorporated 256
HydrogenSource LLC, see Royal Dutch/Shell Group of
Companies and United Technologies Corporation
Icelandic New Energy Limited, see DaimlerChrysler AG
and Royal Dutch/Shell Group of Companies
International Fuel Cells LLC, see United Technologies
Corporation
IWT-Italian Wind Technology Srl, see Vestas Wind
Systems A/S
Kyocera Corporation 261
Mitsubishi Electric Corporation 263
Mitsubishi Heavy Industries Limited 264
MTU Motoren-und Turbine Union Friedrichshafen GmbH,
see DaimlerChrysler AG
NEG Micon A/S 267
Nuovo Pignone, see General Electric Company
Pratt & Whitney, see United Technologies Corporation
Rolls-Royce plc 269
Royal Dutch/Shell Group of Companies 272
Sanyo Electric Company Limited 278
Sharp Corporation 279
Shell Hydrogen BV, see Royal Dutch/Shell Group
of Companies
Siemens AG 281
Soft Energy Company, see Sanyo Electric Company
Solar Turbines Incorporated, see Caterpillar Incorporated
Solec International Incorporated, see Sanyo Electric
Company Limited
Tata BP Solar India Limited, see BP plc
Thermodyn SA, see General Electric Company
Turbec AB, see ABB Limited
United Technologies Corporation 287
UTC Fuel Cells LLC, see United Technologies Corporation
Vericor Power Systems, see DaimlerChrysler AG and
Honeywell International Incorporated
Vestas Wind Systems A/S 294
Williams Companies Incorporated 297
XCELLSIS GmbH, see Ballard Power Systems
Other Companies in the Global Micropower Industry 298
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I
Summary Table 3
SECTION II
1 Gross Domestic Product by Region 9
2 Gross Fixed Investment by Region 12
3 Population by Region 14
4 Electricity Generation by Region & Source 17
SECTION IV
1 World Micropower Demand by Region 39
2 World Micropower Demand by Type 42
3 World-Small-Scale Generators Demand by Region 44
4 World Fuel Cells Demand by Region 46
5 World Microturbines Demand by Region 48
6 World Solar/Photovoltaics Demand by Region 50
7 World Other Renewables Demand by Region 52
SECTION V
1 North America - Micropower Demand by Type 59
2 United States - Micropower Demand by Type 64
3 Canada - Micropower Demand by Type 67
4 Mexico - Micropower Demand by Type 70
SECTION VI
1 Western Europe - Micropower Demand by Type 74
2 Denmark - Micropower Demand by Type 77
3 France - Micropower Demand by Type 80
4 Germany - Micropower Demand by Type 84
5 Italy - Micropower Demand by Type 87
6 Netherlands - Micropower Demand by Type 90
7 Spain - Micropower Demand by Type 93
8 Sweden - Micropower Demand by Type 95
9 Switzerland - Micropower Demand by Type 98
10 United Kingdom - Micropower Demand by Type 101
11 Other Western Europe - Micropower Demand by Type 104
SECTION VII
1 Asia/Pacific - Micropower Demand by Type 108
2 Australia - Micropower Demand by Type 111
3 China - Micropower Demand by Type 114
4 India - Micropower Demand by Type 117
5 Indonesia - Micropower Demand by Type 119
6 Japan - Micropower Demand by Type 123
7 Malaysia - Micropower Demand by Type 126
8 South Korea - Micropower Demand by Type 129
9 Taiwan - Micropower Demand by Type 132
10 Thailand - Micropower Demand by Type 135
11 Other Asia/Pacific - Micropower Demand by Type 138
SECTION VIII
1 Other Regions - Micropower Demand by Type 141
2 Latin America - Micropower 144
3 Brazil - Micropower Demand by Type 147
4 Other Latin America - Micropower 150
5 Eastern Europe - Micropower Demand by Type 154
6 Russia - Micropower Demand by Type 157
7 Other Eastern Europe - Micropower Demand by Type 160
8 Africa/Mideast - Micropower Demand by Type 163
9 South Africa - Micropower Demand by Type 166
10 Turkey - Micropower Demand by Type 169
11 Other Africa/Mideast - Micropower Demand by Type 172
SECTION IX
1 Selected Cooperative Agreements 182
2 Selected Acquisitions & Divestitures 197
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II
1 Micropower Pricing Patterns 19
SECTION III
1 Basic Fuel Cell Construction 26
SECTION IV
1 Micropower Demand per capita/Gross Fixed Investment per
capita Relationship, 2000 36
2 Micropower Products Demand by Region, 2005 39
3 Micropower Products Demand by Type, 2005 42
SECTION IX
1 World Micropower Market Share by Company, 2000 176