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Solid Oxide Fuel Cell (SOFC) Market Size, Share & Trends Analysis Report By Type (Tubular, Planar, Thin-Film Solid Oxide Fuel Cells, And Others), by Application (Transport, Portable, And Stationary), By End-user (Commercial, Data Centers, And Military & Defense), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Categories: Chemicals And Materials

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The Solid Oxide Fuel Cells Market is estimated to grow at a CAGR of over 30.4% during the forecast period of 2020-2025. The global market size is projected to reach USD 2213.0 million by 2024, from US$ 586.9 million in 2019.

 

A solid oxide fuel cell (SOFC) is a type of fuel cell that derives its energy from the oxidation of a ceramic material or solid called an electrolyte. In general, fuel cells are powered by substances that are gases or liquids at room temperatures, such as hydrogen, methane, propane, or gasoline. SOFCs can provide power to any device that works with batteries such as commercial appliances such as computers and residential appliances. In addition, solid oxide fuel cell (SOFC) is employed in several areas such transportation as and military operations due to its portable and smart design.

 

The global solid oxide fuel cells (SOFC) market is expected to experience healthy growth owing to the growing requirement for zero-emission energy devices and alternative sources of energy. The strict regulations on emission of carbon such as Carbon Pollution Standards introduced in the United States of America by the U.S. Environmental Protection Agency (EPA) are anticipated to further drive the growth of the global solid oxide fuel cell (SOFC) market. The main disadvantage is the high operating temperature which results in chemical compatibility issues and longer start-up times are negatively impacting the development of the global solid oxide fuel cell (SOFC) market. Also, solid oxide fuel cells are anticipated to be widely employed for mobile power and auxiliary, thus providing a key growth opportunity in the global oxide fuel cells (SOFC) market. Furthermore, the higher electrical efficiency rate of SOFCs is the primary factor fueling market demand globally. The huge potential of this technology in developing economies looking to reduce energy expenditure can be a huge opportunity for the market.

 

The global solid oxide fuel cells (SOFC) market is segmented based on type, application, and end-use. By type, the global solid oxide fuel cells (SOFC) market is segmented into tubular, planar, thin-film solid oxide fuel cells, and others. Based on application the global solid oxide fuel cells (SOFC) market is segmented into transport, portable, and stationary. In terms of end-use, the global solid oxide fuel cells (SOFC) market is segmented into commercial, data centers, and military & defense. The data center segment is anticipated to grow at a CAGR of over 7.9% in the forecast period, and along with it, the power backup systems market is projected to grow too. Furthermore, 32.8% of the data centers outage is affected by power outages, and a power outage costs a lot of money to data centers operated. Continuous power generation capability, large capacity, and high efficiency have made solid oxide fuel cells a desirable choice for power backup and voltage variations.

 

Geographically, the global solid oxide fuel cells (SOFC) market is bifurcated into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South America. Increasing investments by the US Department of Energy for the development of solid oxide fuel cell technology in North America are anticipated to positively influence the market in the coming year. Asia Pacific region is estimated to see unprecedented growth during the forecast period. Japan is leading in the region with applications in backup services for combined heat and power for homes, data centers, and others. This is anticipated to provide significant market growth for the solid oxide fuel cell market. China has witnessed growth in its hyper-scale platforms, due to which providing data center services for Chinese hyper-scale platforms has become essential. China has approximately 50 internet users per 100 population, representing scope for a lot of development and the connectivity ecosystem and thereby driving the global solid oxide fuel cells market. For instance, Amazon Web Services is investing USD 1.6 billion to set up two data centers in India.

 

Some of the major players in the global solid oxide fuel cells (SOFC) market are Aisin Seiki Co., Ltd., Delphi Automotive LLP, Protonex, NexTech Materials, Sunfire GmbH, Rolls-Royce Plc., DDI Energy Inc., KERAFOL Keramische Folien GmbH, and Point Source Power, Inc., Adaptive Materials, Inc., Altair Nanotechnologies Inc., The Babcock & Wilcox Co., SOFCpower and Chevron Technology. Solid oxide fuel cells (SOFC) are high-temperature technology and need time to reach an operating temperature to work at full capacity, thus contributing to higher startup time. Thus, the major players such as SOLIDPower, Bloom Energy, Sunfire, among others are investing in research & development for overcoming the technical challenges associated with SOFC. Furthermore, some companies are expanding their business all over the world to meet the demand of consumers. For instance, Aisin Seiki provides advanced technologies to the automotive industry and has over 100 subsidiaries in North and South America, Europe, Asia, and others. The company’s automotive segment accounts for approximately 94.8% of the total sales.

 

 

Global Solid Oxide Fuel Cell Market Growth, Trend and Forecast 2021-2027

Chapter 1 Solid Oxide Fuel Cell Market Overview
1.1 Product Overview and Scope of Solid Oxide Fuel Cell
1.2 Solid Oxide Fuel Cell Market Segmentation by Type
1.2.1 Global Production Market Share of Solid Oxide Fuel Cell by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Solid Oxide Fuel Cell Market Segmentation by Application
1.3.1 Solid Oxide Fuel Cell Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Solid Oxide Fuel Cell Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Solid Oxide Fuel Cell (2014-2027)

Chapter 2 Global Economic Impact on Solid Oxide Fuel Cell Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Solid Oxide Fuel Cell Market Competition by Manufacturers
3.1 Global Solid Oxide Fuel Cell Production and Share by Manufacturers (2020 and 2020)
3.2 Global Solid Oxide Fuel Cell Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Solid Oxide Fuel Cell Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Solid Oxide Fuel Cell Manufacturing Base Distribution, Production Area and Product Type
3.5 Solid Oxide Fuel Cell Market Competitive Situation and Trends
3.5.1 Solid Oxide Fuel Cell Market Concentration Rate
3.5.2 Solid Oxide Fuel Cell Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Solid Oxide Fuel Cell Production, Revenue (Value) by Region (2014-2021)
4.1 Global Solid Oxide Fuel Cell Production by Region (2014-2021)
4.2 Global Solid Oxide Fuel Cell Production Market Share by Region (2014-2021)
4.3 Global Solid Oxide Fuel Cell Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Solid Oxide Fuel Cell Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Solid Oxide Fuel Cell Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Solid Oxide Fuel Cell Consumption by Regions (2014-2021)
5.2 North America Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Solid Oxide Fuel Cell Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Solid Oxide Fuel Cell Production, Revenue (Value), Price Trend by Type
6.1 Global Solid Oxide Fuel Cell Production and Market Share by Type (2014-2021)
6.2 Global Solid Oxide Fuel Cell Revenue and Market Share by Type (2014-2021)
6.3 Global Solid Oxide Fuel Cell Price by Type (2014-2021)
6.4 Global Solid Oxide Fuel Cell Production Growth by Type (2014-2021)

Chapter 7 Global Solid Oxide Fuel Cell Market Analysis by Application
7.1 Global Solid Oxide Fuel Cell Consumption and Market Share by Application (2014-2021)
7.2 Global Solid Oxide Fuel Cell Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Solid Oxide Fuel Cell Manufacturing Cost Analysis
8.1 Solid Oxide Fuel Cell Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Solid Oxide Fuel Cell

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Solid Oxide Fuel Cell Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Solid Oxide Fuel Cell Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Solid Oxide Fuel Cell Market Forecast (2021-2027)
12.1 Global Solid Oxide Fuel Cell Production, Revenue Forecast (2021-2027)
12.2 Global Solid Oxide Fuel Cell Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Solid Oxide Fuel Cell Production Forecast by Type (2021-2027)
12.4 Global Solid Oxide Fuel Cell Consumption Forecast by Application (2021-2027)
12.5 Solid Oxide Fuel Cell Price Forecast (2021-2027)

Chapter 13 Appendix


 


 

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  • Market Size and Share from 2016 - 2027
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  • COVID-19 Impact assessment on the market
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  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
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Solid Oxide Fuel Cell (SOFC) Market Size, Share & ...

RD Code : MC21