HOME Research Insight Solid Oxide Fuel Cell Market - Market Leaders

Solid Oxide Fuel Cell Market - Market Leaders

The growth of the solid oxide fuel cell market is influenced by various stakeholders, such as ceramics and electrolyte manufacturers, fuel cell and stack manufacturers, government and research organizations, power and energy associations, and environment research institutes.

The rapidly growing demand for SOFC market is driven by its ability to be used for various applications, fuel-flexibility and its efficient utilization of biomass. SOFCs are preferred for small and large stationary, portable, and transportation applications.

The recent developments in the SOFC market have been encouraging with many agreements and collaborations acting as a major strategy for market capture. The market has also seen many new product launches by major SOFC manufacturers, as a result of vast R&D activities. The growing concern towards clean source of energy is a major growth catalyst for the SOFC market.

Companies such as FuelCell Energy, Inc. (U.S.), Bloom Energy (U.S.), Aisin Seiki Co. Ltd. (Japan), Chofu Seisakusho Co. Ltd. (Japan), Kyocera (Japan), and Ceramic Fuel Cell Ltd. (Australia) have been most active in terms of strategic development during January 2011 to March 2014. Most of these market players are present in Asia-Pacific and are actively participating in competitive developments.

The commercialization of their products by many companies has aided in the development of the global SOFC market. The support from various government organizations has also acted as a shot in the arm for these companies.

The leading manufacturers focus on agreements and collaborations, as capital expenditure is very high for R&D and product development in the fuel cell industry. The leading companies are focusing on global markets to increase its commercialization. Hence, investments in various regions are carried out by signing different agreements and collaborations.

Related Reports:

Solid Oxide Fuel Cell Market by Type (Planar, Tubular, Others), Application (Large Stationary, Small Stationary, Transportation, Portable & Military), Geography - Global Trends & Forecast to 2018

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