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Solid Oxide Fuel Cell (SOFC) Market By Type (Planar SOFC, Tubular SOFC), By Application (Stationary, Portable, Transport) – Growth, Share, Opportunities & Competitive Analysis, 2016 -2024

Published: | Report ID: 10631 | Report Format : PDF

Market Insights:

SOFCs are a type of fuel cell that converts electrochemical fuel to electricity while emitting little pollution. With the growing popularity of SOFC technology, numerous end-use industries have been keen on adopting and deploying effective SOFC-based power generators. In addition, factors such as higher efficiency and a lower population have propelled various government agencies and bodies to invest further in technology. As a result, investments are being made toward continuing the production of SOFCs and increasing their adoption in numerous applications.

The most significant factor fueling the overall SOFC market’s growth is the superior advantages of these cells over other types. SOFCs provide higher efficiency of over 60% in generating electricity, which is considerably high when compared to other fuel cells. In addition, the SOFCs operate at very high temperatures, ranging between 800 °C and 1,000 °C. Thereby, by harnessing the heat produced in the SOFC to generate electricity, the efficiency of the SOFCs can be enhanced to almost 80%. The high operating temperatures of SOFCs can be useful for the cogeneration of electricity in various industrial applications.

However, one of the major barriers to SOFC adoption is their ability to operate at extremely high temperatures. The SOFCs operate at a very high temperature compared to other fuel cells currently available. Thereby, the SOFC system takes time to reach its optimum operating temperature and function effectively. Hence, SOFCs have found limited penetration in various mobile applications.

The report titled “Global Solid Oxide Fuel Cell (SOFC) Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024” offers strategic insights into the global SOFC industry along with the market size and estimates for the duration of 2014–2024. The research study extensively analyses multiple market segments based on SOFC types, applications, and cross-sectional studies across different geographies. In addition, the study covers the comparative analysis of different segments for 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. The report incorporates a separate section highlighting key trends in the overall SOFC market.

The report also includes profiles of the leading SOFC manufacturers, their business strategies, and key developments to assist strategic decision-makers. The major players profiled in the report are FuelCell Energy Solutions, Kyocera Corporation, Ceres Power Holdings Plc., Atrex Energy, Doosan Fuel Cell, Dominovas Energy Corporation, and Delphi Automotive Systems LLC. Further, the report also covers the market positioning of the key players operating in the SOFC market. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the SOFC industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides the following:

  • A holistic view of the global SOFC market
  • providing market size and forecasts for the years 2016 to 2024
  • Keeping in mind the above-mentioned factors

Based on the type of fabrication, the global solid oxide fuel cell (SOFC) market is segmented into the following types:

  • Planar
  • Tubular

As of 2015, the overall SOFC market worldwide was led by the planar SOFC type segment. The segment contributed to more than 70% of the overall market globally. Planar SOFC is primarily used for power generation applications. Planar SOFCs provide a higher power density and potentially a lower cost than tubular cells. With continued advancement in the planar SOFC, the segment is projected to find widespread applications across stationary power generation, military, and transportation applications. The tubular SOFC segment is hindered due to its high electrical resistance, low power density, and higher manufacturing complexity. Subsequently, tubular SOFC is primarily used for stationary applications with low power requirements. The segment is expected to grow steadily in the coming years.

Based on geography, the global solid oxide fuel cell (SOFC) market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

As of 2015, the global SOFC market was dominated, in terms of revenue and volume, by the Asia Pacific region. The region contributes a market share of more than fifty percent of the total revenue generated worldwide. The market is largely governed by countries such as Japan and South Korea. Across the overall Asia-Pacific region, South Korea accounts for the second-largest share of the SOFC market after Japan. South Korea aims to generate nearly 11% of its energy from renewable energy sources by 2035. The nation has placed emphasis on fuel cells, especially SOFC, owing to their higher energy efficiency. Additionally, Seoul, the national capital of South Korea, aims to achieve 50% electricity generation from renewable sources using fuel cells by 2030. This has been the most significant factor fueling the SOFC market in the country.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Solid Oxide Fuel Cell (SOFC) Market
2.2 Global SOFC Market, By Type
2.3 Global SOFC Market, By Application
2.4 Global SOFC Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
3.2 Market Inclination Insights
3.3 Market Drivers
3.3.1 Superior advantages of over other fuel cells
3.3.2 Growing investments and support towards SOFC technology
3.4 Market Growth Inhibitors
3.4.1 Issues related to high operating temperature
3.5 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key SOFC Vendors
3.7.2 Key Strategies Adopted by the Leading Players
3.7.3 Distribution Channel Analysis

Chapter 4 Global SOFC Market Analysis, By Type
4.1 Overview
4.1.1 Global SOFC Market Revenue Share, By Type, 2015 & 2024 (% Value)
4.2 Planar SOFC
4.3 Tubular SOFC

Chapter 5 Global SOFC Market Analysis, By Application
5.1 Overview
5.1.1 Global SOFC Market Revenue Share, By Application, 2015 & 2024 (% Value)
5.2 Stationary
5.3 Portable
5.4 Transport

Chapter 6 North America SOFC Market Analysis
6.1 Overview
6.1.1 North America SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
6.2 North America SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn) (‘000 Units)
6.2.1 Comparative Analysis
6.3 North America SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn) (‘000 Units)
6.3.1 Comparative Analysis
6.4 North America SOFC Market Analysis, By Country, 2014 – 2024 (US$ Mn) (‘000 Units)
6.4.1 Comparative Analysis

Chapter 7 Europe SOFC Market Analysis
7.1 Overview
7.2 Europe SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn) (‘000 Units)
7.2.1 Comparative Analysis
7.3 Europe SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn) (‘000 Units)
7.3.1 Comparative Analysis
7.4 Europe SOFC Market Analysis, By Country, 2014 – 2024 (US$ Mn) (‘000 Units)
7.4.1 Comparative Analysis

Chapter 8 Asia Pacific SOFC Market Analysis
8.1 Overview
8.2 Asia Pacific SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn) (‘000 Units)
8.2.1 Comparative Analysis
8.3 Asia Pacific SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn) (‘000 Units)
8.3.1 Comparative Analysis
8.4 Asia Pacific SOFC Market Analysis, By Country, 2014 – 2024 (US$ Mn) (‘000 Units)
8.4.1 Comparative Analysis

Chapter 9 Rest of the World (RoW) SOFC Market Analysis
9.1 Overview
9.2 RoW SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn) (‘000 Units)
9.2.1 Comparative Analysis
9.3 RoW SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn) (‘000 Units)
9.3.1 Comparative Analysis
9.4 RoW SOFC Market Analysis, By Country, 2014 – 2024 (US$ Mn) (‘000 Units)
9.4.1 Comparative Analysis

Chapter 10 Company Profiles
10.1 Atrex Energy, Inc.
10.1.1 Atrex Energy, Inc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
10.2 FuelCell Energy, Inc.
10.2.1 FuelCell Energy, Inc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
10.3 Dominovas Energy Corporation
10.3.1 Dominovas Energy Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
10.4 Protonex Technology Corporation

List of Figures

FIG 1 Global SOFC Market: Research Methodology
FIG 2 Top-Down and Bottom Up Approach
FIG 3 Global SOFC Market, By Type, 2015 (US$ Mn)
FIG 4 Global SOFC Market, By Application, 2015 (US$ Mn)
FIG 5 Global SOFC Market, By Geography, 2015 (US$ Mn)
FIG 6 Global SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
FIG 7 Attractive Investment Proposition
FIG 8 Market Positioning of Key SOFC Vendors, 2015
FIG 9 Global SOFC Market Revenue Share, By Type, 2015 & 2024 (% Value)
FIG 10 Global Planar SOFC Market Revenue and Volume, 2014 – 2024 (US$ Mn) (‘000 Units)
FIG 11 Global Tubular SOFC Market Revenue and Volume, 2014 – 2024 (US$ Mn) (‘000 Units)
FIG 12 Global SOFC Market Revenue Share, By Application, 2015 & 2024 (% Value)
FIG 13 Global SOFC Market in Stationary – Revenue and Volume, 2014 – 2024 (US$ Mn) (‘000 Units)
FIG 14 Global SOFC Market in Portable – Revenue and Volume, 2014 – 2024 (US$ Mn) (‘000 Units)
FIG 15 Global SOFC Market in Transport – Revenue and Volume, 2014 – 2024 (US$ Mn) (‘000 Units)
FIG 16 North America SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
FIG 17 Europe SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
FIG 18 Asia Pacific SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)
FIG 19 RoW SOFC Market Revenue and Volume, 2014 – 2024, (US$ Mn) (‘000 Units)

List of Tables

TABLE 1 Market Snapshot: Global SOFC Market
TABLE 2 Comparison of Fuel Cells
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn)
TABLE 6 North America SOFC Market Analysis, By Type, 2014 – 2024 (Units)
TABLE 7 North America SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn)
TABLE 8 North America SOFC Market Analysis, By Application, 2014 – 2024 (Units)
TABLE 9 North America SOFC Market Analysis, By Country, 2014 – 2024 (US$ Mn)
TABLE 10 North America SOFC Market Analysis, By Country, 2014 – 2024 (‘000 Units)
TABLE 11 Europe SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn)
TABLE 12 Europe SOFC Market Analysis, By Type, 2014 – 2024 (‘000 Units)
TABLE 13 Europe SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn)
TABLE 14 Europe SOFC Market Analysis, By Application, 2014 – 2024 (‘000 Units)
TABLE 15 Europe SOFC Market Analysis, By Region, 2014 – 2024 (US$ Mn)
TABLE 16 Europe SOFC Market Analysis, By Region, 2014 – 2024 (‘000 Units)
TABLE 17 Asia Pacific SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn)
TABLE 18 Asia Pacific SOFC Market Analysis, By Type, 2014 – 2024 (‘000 Units)
TABLE 19 Asia Pacific SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn)
TABLE 20 Asia Pacific SOFC Market Analysis, By Type, 2014 – 2024 (‘000 Units)
TABLE 21 Asia Pacific SOFC Market Analysis, By Region, 2014 – 2024 (US$ Mn)
TABLE 22 Asia Pacific SOFC Market Analysis, By Region, 2014 – 2024 (‘000 Units)
TABLE 23 RoW SOFC Market Analysis, By Type, 2014 – 2024 (US$ Mn)
TABLE 24 RoW SOFC Market Analysis, By Type, 2014 – 2024 (‘000 Units)
TABLE 25 RoW SOFC Market Analysis, By Application, 2014 – 2024 (US$ Mn)
TABLE 26 RoW SOFC Market Analysis, By Application, 2014 – 2024 (‘000 Units)
TABLE 27 RoW SOFC Market Analysis, By Region, 2014 – 2024 (US$ Mn)
TABLE 28 RoW SOFC Market Analysis, By Region, 2014 – 2024 (‘000 Units)
TABLE 29 Atrex Energy, Inc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 30 FuelCell Energy, Inc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 31 Dominovas Energy Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 32 Protonex Technology Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 33 Bloom Energy Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 34 WATT Fuel Cell Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 35 Delphi Automotive LLP: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 36 Siemens Energy: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 37 Doosan Fuel Cell America, Inc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 38 Kyocera Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 39 Aisin Seiki Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 40 JX Nippon Oil & Energy Corporation: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)
TABLE 41 Ceres Power Holdings Plc.: Company Snapshot (Company Details, Geographical Presence, Key Products Offered, Key Application Served, Key Developments)

Frequently asked questions :

What is the size of Solid Oxide Fuel Cell (SOFC) Market?

The market for Solid Oxide Fuel Cell (SOFC) Market is expected to reach US$ XX Bn in 2024.

What is the Solid Oxide Fuel Cell (SOFC) Market CAGR?

The Solid Oxide Fuel Cell (SOFC) Market is expected to see significant CAGR growth over the coming years, at XX.

What is the Forecast period considered for Solid Oxide Fuel Cell (SOFC) Market?

The report is forecasted from 2016-2024.

What is the base year considered for Solid Oxide Fuel Cell (SOFC) Market?

The base year of this report is 2021.

Who are the major players in this market?

Atrex Energy, Inc., Fuel Cell Energy, Inc., Dominovas Energy Corporation, are some of the major players in the global market.

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