A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues. Categorization on the basis of technology includes tubular, planar and other SOFCs. Planar SOFC have the largest market demand on account of higher power ratio as compared to other SOFCs, despite high installation costs. Planar SOFC has the highest electrical efficiency that allows great potential for applications in military, leading to higher demand in the aforementioned application. Further segmentation on the basis of application includes transportation, military and portable energy purposes, as well as small & large stationery. Major SOFC application lies in military on account of portability and compact nature of these fuel cells. Power output is also higher and easier to achieve than other conventional solar cells, which is expected to positively impact the SOFC growth market during the forecast period. High costs of commercialization and catalysts, as well as complexity in infrastructure establishment are expected to hinder the SOFC market growth over the forecast period. SOFC also requires high temperatures for activation of ceramic electrolytes in the device, which could lead to chemical and mechanical compatibility issues and longer start-up buffer time. The Solid Oxide Fuel Cell (SOFC) market was valued at 410 Million US$ in 2018 and is projected to reach 1110 Million US$ by 2025, at a CAGR of 13.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solid Oxide Fuel Cell (SOFC). This report presents the worldwide Solid Oxide Fuel Cell (SOFC) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The following manufacturers are covered in this report: Bloom Energy Siemens Energy Aisin Seiki Mitsubishi Heavy Industries Delphi Corp GE Convion FuelCell Energy Atrex Energy, Inc SOLIDpower ZTEK Corporation Redox Power Systems Ceres Elcogen Solid Oxide Fuel Cell (SOFC) Breakdown Data by Type Tubular Planar Others Solid Oxide Fuel Cell (SOFC) Breakdown Data by Application Transportation Portable & Military Stationary Solid Oxide Fuel Cell (SOFC) Production by Region United States Europe China Japan Other Regions Solid Oxide Fuel Cell (SOFC) Consumption by Region North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Malaysia Philippines Thailand Vietnam Europe Germany France UK Italy Russia Rest of Europe Central & South America Brazil Rest of South America Middle East & Africa GCC Countries Turkey Egypt South Africa Rest of Middle East & Africa The study objectives are: To analyze and research the global Solid Oxide Fuel Cell (SOFC) status and future forecast?involving, production, revenue, consumption, historical and forecast. To present the key Solid Oxide Fuel Cell (SOFC) manufacturers, production, revenue, market share, and recent development. To split the breakdown data by regions, type, manufacturers and applications. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends, drivers, influence factors in global and regions. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. In this study, the years considered to estimate the market size of Solid Oxide Fuel Cell (SOFC) : History Year: 2014 - 2018 Base Year: 2018 Estimated Year: 2019 Forecast Year: 2019 - 2025 This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solid Oxide Fuel Cell (SOFC) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources. For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents 1 Study Coverage 1.1 Solid Oxide Fuel Cell (SOFC) Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers Covered 1.4 Market by Type 1.4.1 Global Solid Oxide Fuel Cell (SOFC) Market Size Growth Rate by Type 1.4.2 Tubular 1.4.3 Planar 1.4.4 Others 1.5 Market by Application 1.5.1 Global Solid Oxide
