The Global Solid Oxide Fuel Cell Market was valued at USD 295.32 million in 2016 and is projected to reach USD 954.32 million by 2025, growing at a CAGR of 13.92% from 2017 to 2025.
A Solid Oxide Fuel Cell (SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. SOFCs can provide power to any device that normally works with batteries, as well as residential and commercial appliances including computers. Benefits of solid oxide fuel cell include - high efficiency, long term stability, fuel flexibility, low emissions, and relatively low cost.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing adoption by End-Users in Data Centers and the Military Sector
1.2 Ability to Run on Multiple Fuels
1.3 Rising demand for Energy Efficient Power Generation
1.4 Emergence of Hybrid-SOFC Technologies
1.5 Growing demand for clean energy sources
1.6 Growing Distributed Power Generation
2. Market Restraints
2.1 Technical Issues, Such as High Startup Time & High Operating Temperatures
2.2 Increasing capital cost
2.3 Available alternatives
Market Segmentation:
The Global Solid Oxide Fuel Cell Market is segmented on the application, type, end user, and region.
1. Application:
1.1 Combined Heat & Power
1.2 Military
1.3 Power Generation
2. By Type:
2.1 Tubular
2.2 Planar
3. By End User:
3.1 Telecom Towers
3.2 Auxiliary Power Unit
3.3 Residential
3.4 Data Centers
3.5 Commercial & Retail
3.6 Portable & Unmanned Systems
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Bloom Energy
2. Ceres Power Holdings
3. Hexis
4. Sunfire
5. Watt Fuel Cell Corporation
6. Elcogen
7. Ultra Undersea Sensor Systems
8. Atrex Energy
9. Aisin Seiki
10. Convion Fuel Cell Systems
11. Fuelcell Energy
12. Solidpower
13. Protonex
14. General Electric
15. Ztek Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Solid Oxide Fuel Cell Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL SOLID OXIDE FUEL CELL MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SOLID OXIDE FUEL CELL MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL SOLID OXIDE FUEL CELL MARKET , BY APPLICATION
5.1 Overview
5.2 Combined Heat & Power
5.3 Military
5.4 Power Generation
6 GLOBAL SOLID OXIDE FUEL CELL MARKET , BY TYPE
6.1 Overview
6.2 Tubular
6.3 Planar
7 GLOBAL SOLID OXIDE FUEL CELL MARKET , BY END USER
7.1 Overview
7.2 Telecom Towers
7.3 Auxiliary Power Unit
7.4 Residential
7.5 Data Centers
7.6 Commercial & Retail
7.7 Portable & Unmanned Systems
8 GLOBAL SOLID OXIDE FUEL CELL MARKET , BY GEOGRAPHY
8.1 Overview
8.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
9 GLOBAL SOLID OXIDE FUEL CELL MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 Bloom Energy
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Ceres Power Holdings
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Hexis
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Sunfire
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Watt Fuel Cell Corporation
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Elcogen
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Ultra Undersea Sensor Systems
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Atrex Energy
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Aisin Seiki
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Convion Fuel Cell Systems
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10.11 Fuelcell Energy
10.11.1 Overview
10.11.2 Financial Performance
10.11.3 Product Outlook
10.11.4 Key Developments
10.12 Solidpower
10.12.1 Overview
10.12.2 Financial Performance
10.12.3 Product Outlook
10.12.4 Key Developments
10.13 Protonex
10.13.1 Overview
10.13.2 Financial Performance
10.13.3 Product Outlook
10.13.4 Key Developments
10.14 General Electric
10.14.1 Overview
10.14.2 Financial Performance
10.14.3 Product Outlook
10.14.4 Key Developments
10.15 Ztek Corporation
10.15.1 Overview
10.15.2 Financial Performance
10.15.3 Product Outlook
10.15.4 Key Developments
11 Appendix
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