HOME Top Market Reports Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 2025

Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: EP 2467

 

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The global solid oxide fuel cell market was valued at USD 284.3 Million in 2016 and is expected to grow at a CAGR of 13.88%, from 2017 to 2025 to reach a market size of 1,140.6 Million by 2025. Government subsidies and fuel cell programs in North America, Japan, and Europe along with increasing demand for efficient power generation are the major drivers that would trigger the growth in the market.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2025
  • Forecast Period: 2017 to 2025

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global solid oxide fuel cell market by type, application, and region
  • To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the  market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global solid oxide fuel cell market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of the annual revenue and market developments of the major players providing solid oxide fuel cells
  • Analysis of demand for market by end-users
  • Assessment of future trends and growth of end-users in the market
  • Assessment of the market with respect to type for various applications
  • Study of market trends in various regions and countries, by end-users, of the market
  • Study of contracts and developments related to the market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying switchgear equipment across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Solid Oxide Fuel Cell Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The solid oxide fuel cell ecosystem comprises equipment manufacturers such as Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), Atrex Energy (US), WATT Fuel Cell (US), Hexis (Switzerland), and Convion (Finland).

Target Audience:

The target audience of this report includes:

  • Solid oxide fuel cell manufacturers, dealers, and suppliers
  • Government and research organizations
  • Transmission and distribution utilities
  • State and national regulatory authorities
  • Consulting companies in the energy and power sector
  • Environmental research institutes
  • Investment firms

Scope of the Report:

  • By Type
    • Planar
    • Tubular
  • By Application
    • Power Generation
    • Combined Heat & Power
    • Military
  • By End-Use
    • Data Centers
    • Commercial & Retail
    • Portable & Unmanned Systems
    • Telecom Towers
    • Residential
    • Auxiliary Power Unit
  • By Region
    • North America
    • Asia Pacific
    • Europe

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Market Size Estimation Methodology: Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Solid Oxide Fuel Cell Market
    4.2 Market, By Country
    4.3 Market, By Type
    4.4 Market, By Application

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Subsidies and Fuel Cell Programs in Japan, Europe, & North America
                    5.2.1.2 Increasing Demand for Energy Efficient Power Generation
                    5.2.1.3 Ability to Run on Multiple Fuels
                    5.2.1.4 Stringent Emission Norms in Europe & North America Leading to Demand for Clean Energy Sources
           5.2.2 Restraints
                    5.2.2.1 High Capital Costs Required for Solid Oxide Fuel Cells
                    5.2.2.2 Competition From Other Fuel Cell Technologies, Such as PEMFC, DMFC, & MCFC
           5.2.3 Opportunities
                    5.2.3.1 Rising Distributed Power Generation in the US & Asia Pacific
                    5.2.3.2 Increasing Adoption By End-Users in Data Centers and the Military Sector
                    5.2.3.3 Development of Hybrid-SOFC Technologies
           5.2.4 Challenges
                    5.2.4.1 Technical Issues, Such as High Startup Time & High Operating Temperatures
    5.3 Technological Overview
           5.3.1 Introduction
           5.3.2 Application in Distributed Power Generation
           5.3.3 Application in Combined Heat & Power
           5.3.4 Application in Portable Power & Military Applications
           5.3.5 Fuel Alternatives for SOFC
           5.3.6 Alternative Technologies

6 Solid Oxide Fuel Cell Market, By Type (Page No. - 36)
    6.1 Introduction
    6.2 Planar
    6.3 Tubular

7 Solid Oxide Fuel Cell Market, By Application (Page No. - 41)
    7.1 Introduction
    7.2 Power Generation
    7.3 Combined Heat & Power
    7.4 Military
    7.5 Others

8 Solid Oxide Fuel Cell Market, By Region (Page No. - 48)
    8.1 Introduction
    8.2 North America
           8.2.1 US
    8.3 Asia Pacific
           8.3.1 Japan
           8.3.2 South Korea
           8.3.3 India
    8.4 Europe
           8.4.1 Germany
           8.4.2 UK
           8.4.3 Italy

9 Competitive Landscape (Page No. - 85)
    9.1 Introduction
    9.2 Key Company Focus Areas
           9.2.1 Growth Strategies in the Solid Oxide Fuel Cell Market
    9.3 Market Ranking Analysis
    9.4 Competitive Situation & Trends

10 Company Profiles (Page No. - 88)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     10.1 Aisin Seiki
     10.2 Bloom Energy
     10.3 Convion Fuel Cell Systems
     10.4 Ceres Power Holdings
     10.5 Fuelcell Energy
     10.6 Hexis
     10.7 Solidpower
     10.8 Sunfire
     10.9 Protonex
     10.10 Watt Fuel Cell Corporation
     10.11 General Electric
     10.12 Elcogen
     10.13 Ztek Corporation
     10.14 Ultra Undersea Sensor Systems
     10.15 Atrex Energy

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 126)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (88 Tables)

Table 1 Solid Oxide Fuel Cell Market Snapshot
Table 2 Competing Technologies for SOFC
Table 3 Market Size, By Type, 2015–2025 (KW)
Table 4 Market Size, By Type, 2015–2025 (USD Million)
Table 5 Planar Market Size, By Region, 2015–2025 (KW)
Table 6 Planar Market Size, By Region, 2015–2025 (USD Million)
Table 7 Tubular Market Size, By Region, 2015–2025 (KW)
Table 8 Tubular Market Size, By Region, 2015–2025 (USD Thousand)
Table 9 Market Size, By Application, 2015–2025 (KW)
Table 10 Market Size, By Application, 2015–2025 (USD Million)
Table 11 Power Generation Solid Oxide Fuel Cell Market Size, By End-Use, 2015–2025 (KW)
Table 12 Power Generation Market Size, By End-Use, 2015–2025 (USD Million)
Table 13 Combined Heat & Power Solid Oxide Fuel Cell Market Size, By Type, 2015–2025 (KW)
Table 14 Combined Heat & Power Market Size, By Type, 2015–2025 (USD Million)
Table 15 Military Solid Oxide Fuel Cell Market Size, By Type, 2015–2025 (KW)
Table 16 Military Market Size, By Type, 2015–2025 (USD Million)
Table 17 Others Market Size, By Type, 2015–2025 (KW)
Table 18 Others Market Size, By Type, 2015–2025 (USD Million)
Table 19 Market Size, By Region, 2015–2025 (KW)
Table 20 Market Size, By Region, 2015–2025 (USD Million)
Table 21 Market Size, By Region, 2015–2025 (KW)
Table 22 Market Size, By Region, 2015–2025 (USD Million)
Table 23 US: Solid Oxide Fuel Cell Market, By Application, 2015–2025 (KW)
Table 24 US: Market, By Application, 2015–2025 (USD Million)
Table 25 US: Market, By Power Generation End-Use, 2015–2025 (KW)
Table 26 US: Market, By Power Generation End-Use, 2015–2025 (USD Million)
Table 27 US: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 28 US: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 29 US: Market, By Military End-Use, 2015–2025 (KW)
Table 30 US: Market, By Military End-Use, 2015–2025 (USD Million)
Table 31 US: Market, By Others End-Use, 2015–2025 (KW)
Table 32 US: Market, By Others End-Use, 2015–2025 (USD Million)
Table 33 US: Market, By Type, 2015–2025 (KW)
Table 34 US: Market, By Type, 2015–2025 (USD Million)
Table 35 Asia Pacific: Solid Oxide Fuel Cell Market Size, By Application, 2015–2025 (KW)
Table 36 Asia Pacific: Market Size, By Application, 2015–2025 (USD Million)
Table 37 Asia Pacific: Market Size, By Country, 2015–2025 (KW)
Table 38 Asia Pacific: Market Size, By Country, 2015–2025 (USD Million)
Table 39 Japan: Solid Oxide Fuel Cell Market, By Application, 2015–2025 (KW)
Table 40 Japan: Market, By Application, 2015–2025 (USD Million)
Table 41 Japan: Market, By Power Generation End-Use, 2015–2025 (KW)
Table 42 Japan: Market, By Power Generation End-Use, 2015–2025 (USD Million)
Table 43 Japan: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 44 Japan: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 45 Japan: Market, By Type, 2015–2025 (KW)
Table 46 Japan: Market, By Type, 2015–2025 (USD Million)
Table 47 South Korea: Solid Oxide Fuel Cell Market, By Application, 2015–2025 (KW)
Table 48 South Korea: Market, By Application, 2015–2025 (USD Million)
Table 49 South Korea: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 50 South Korea: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 51 South Korea: Market, By Type, 2015–2025 (KW)
Table 52 South Korea: Market, By Type, 2015–2025 (USD Million)
Table 53 India: Market, By Application, 2015–2025 (KW)
Table 54 India: Market, By Application, 2015–2025 (USD Million)
Table 55 India: Market, By Power Generation End-Use, 2015–2025 (KW)
Table 56 India: Market, By Power Generation End-Use, 2015–2025 (USD Million)
Table 57 India: Market, By Others End-Use, 2015–2025 (KW)
Table 58 India: Market, By Others End-Use, 2015–2025 (USD Million)
Table 59 India: Market, By Type, 2015–2025 (KW)
Table 60 India: Market, By Type, 2015–2025 (USD Million)
Table 61 Europe: Market Size, By Application, 2015–2025 (KW)
Table 62 Europe: Market Size, By Application, 2015–2025 (USD Million)
Table 63 Europe: Market Size, By Country, 2015–2025 (KW)
Table 64 Europe: Market Size, By Country, 2015–2025 (USD Million)
Table 65 Germany: Market, By Application, 2015–2025 (KW)
Table 66 Germany: Market, By Application, 2015–2025 (USD Million)
Table 67 Germany: Market, By Power Generation End-Use, 2015–2025 (KW)
Table 68 Germany: Market, By Power Generation End-Use, 2015–2025 (USD Million)
Table 69 Germany: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 70 Germany: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 71 Germany: Market, By Others End-Use, 2015–2025 (KW)
Table 72 Germany: Market, By Others End-Use, 2015–2025 (USD Million)
Table 73 Germany: Market, By Type, 2015–2025 (KW)
Table 74 Germany: Market, By Type, 2015–2025 (USD Million)
Table 75 UK: Market, By Application, 2015–2025 (KW)
Table 76 UK: Market, By Application, 2015–2025 (USD Million)
Table 77 UK: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 78 UK: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 79 UK: Market, By Type, 2015–2025 (KW)
Table 80 UK: Market, By Type, 2015–2025 (USD Million)
Table 81 Italy: Market, By Application, 2015–2025 (KW)
Table 82 Italy: Market, By Application, 2015–2025 (USD Million)
Table 83 Italy: Market, By Power Generation End-Use, 2015–2025 (KW)
Table 84 Italy: Market, By Power Generation End-Use, 2015–2025 (USD Million)
Table 85 Italy: Market, By Combined Heat & Power End-Use, 2015–2025 (KW)
Table 86 Italy: Market, By Combined Heat & Power End-Use, 2015–2025 (USD Million)
Table 87 Italy: Market, By Type, 2015–2025 (KW)
Table 88 Italy: Market, By Type, 2015–2025 (USD Million)


List of Figures (28 Figures)

Figure 1 Market Segmentation: Solid Oxide Fuel Cell Market
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 The US Market Dominated the

Market in 2016
Figure 8 The Planar SOFC Segment is Expected to Lead the Market, By Type, During the Forecast Period
Figure 9 Market: By Application
Figure 10 Development of Hybrid SOFC Systems is Projected to Help Market Growth During the Forecast Period
Figure 11 Japan is Projected to Be the Fastest Growing Market During the Forecast Period
Figure 12 The Planar SOFC Segment is Expected to Account for the Largest Market Share in 2017
Figure 13 The Power Generation Segment is Expected to Lead the Market During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, & Challenges
Figure 15 Market Shares, By Type, 2016
Figure 16 Market, By Application, 2016
Figure 17 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Market, By Country, 2016
Figure 19 Market Snapshot in North America (2017–2025)
Figure 20 Market Snapshot in Asia Pacific (2017–2025)
Figure 21 Companies Adopted New Product Launches to Capture A Share of the Market, 2014–2017
Figure 22 Battle for Market Share: New Product Launches Was the Key Strategy, 2014–2017
Figure 23 Market Evaluation Framework: Contracts & Agreements Fueled the Growth of Companies, 2014–2017
Figure 24 Aisin Seiki Co., Ltd.: Company Snapshot
Figure 25 Ceres Power Holdings: Company Snapshot
Figure 26 Fuelcell Energy: Company Snapshot
Figure 27 General Electric: Company Snapshot
Figure 28 Ultra Undersea Sensor Systems: Company Snapshot

The global solid oxide fuel cell market is estimated to be USD 403.4 Million in 2017 and is projected to grow at a CAGR of 13.88% from 2017 to 2025 to reach a market size of USD 1,140.6 Million by 2025. Government subsidies and fuel cell programs in Japan and North America, along with growing demand for efficient power generation are the major drivers for the growth of the market.

The report segments the solid oxide fuel cell market, by type, into planar and tubular. Planar type dominated the market in 2016 due to product offering of planar type being the most commonly used for the power generation application.

Based on application, the solid oxide fuel cell is segmented into power generation, combined heat and power, military, and others. The power generation application dominated the market mainly due to high demand for distributed power generation for commercial and retail and data centers end-use in the North American region.

The application segment has been further sub-segmented by end-use. The power generation segment has been sub-segmented into data centers, commercial and retail, and telecom. Combined heat and power has been sub-segmented into commercial and residential end-use; military segment in to stationary power generation and portable and unmanned systems; and others segment includes transportation auxiliary power units and remote emergency power.

In this report, the solid oxide fuel cell market has been analyzed with respect to three regions, namely, North America, Asia Pacific, and Europe. The market in North America is expected to lead the global market during the forecast period due to increasing demand for efficient power generation and government subsidies.

Solid Oxide Fuel Cell Market

Rising demand for distributed power generation in North America and Asia Pacific, increasing adoption of solid oxide fuel cells in data centers, and military sector and development of hybrid-SOFC technologies could lead to opportunities for the market. High capital costs and competition from other fuel cell technologies, such as PEMFC could be a restraint to the growth of the market.

Some of the leading players in the solid oxide fuel cell market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), and Atrex Energy (US). Contracts & agreements and joint ventures and collaborations were some of the strategies adopted by these players.

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