FEATURED COMPANIES
Bloom Energy
Siemens Energy
Aisin Seiki
Mitsubishi Heavy Industries
Delphi Corp
GE
Convion
FuelCell Energy
Atrex Energy
SOLIDpower
ZTEK Corporation
Redox Power Systems
Ceres
Elcogen
Solid Oxide Fuel Cell (SOFC) Market Overview
The Solid Oxide Fuel Cell (SOFC) market size was valued at US$ 605.6 million in 2020 and is projected to reach US$ 1451.4 million by 2027, at a CAGR of 13.3% during 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Solid Oxide Fuel Cell (SOFC).
In terms of the production side, this report researches the Solid Oxide Fuel Cell (SOFC) capacity, production, growth rate, market share by manufacturers and regions (or countries), from 2016 to 2020, and forecast to 2027.
In terms of the sales side, this report focuses on the sales of Solid Oxide Fuel Cell (SOFC) by regions (countries), company, by Type and by Application. from 2016 to 2020 and forecast to 2027.
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.
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.
Scope of the Report:
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Report Metric
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Details
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Report Name
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Solid Oxide Fuel Cell Market
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The market size in 2020
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$605.6 Million
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The revenue forecast in 2027
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$1451.4 Million
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Growth Rate
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13.3% during 2021-2027
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Base year considered
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2020
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Forecast period
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2021-2027
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Forecast units
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Value (USD)
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Segments covered
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Type, End-User, Offerings, and Region
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Market by Type
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Tubular, Planar, Others
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Market by Applications/Enduser
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Transportation, Portable & Military, Stationary
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Report coverage
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Revenue & volume forecast, company share, competitive landscape, growth factors, and trends
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Geographic regions covered
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North America, Europe, Asia Pacific, Latin America, Middle East & Africa
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Top Players in the Solid Oxide Fuel Cell Industry
- 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 Market by Type
Solid Oxide Fuel Cell Market by Application
- Transportation
- Portable & Military
- Stationary
Solid Oxide Fuel Cell Market by Region
- United States
- Europe
- China
- Japan
- Other Regions
Solid Oxide Fuel Cell Market 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
- 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.
FEATURED COMPANIES
Bloom Energy
Siemens Energy
Aisin Seiki
Mitsubishi Heavy Industries
Delphi Corp
GE
Convion
FuelCell Energy
Atrex Energy
SOLIDpower
ZTEK Corporation
Redox Power Systems
Ceres
Elcogen
Table of Content
FEATURED COMPANIES
Bloom Energy
Siemens Energy
Aisin Seiki
Mitsubishi Heavy Industries
Delphi Corp
GE
Convion
FuelCell Energy
Atrex Energy
SOLIDpower
ZTEK Corporation
Redox Power Systems
Ceres
Elcogen
LIST OF TABLES & FIGURES
