Solid Oxide Fuel Cell Industry is Expected to Grow at Approximately 8% by 2023

Global Solid Oxide Fuel Cell Market Information Report by Type (Planar, Tubular, Others), by Application (Stationary, Portable, Transportation, Military) and by Region - Global Forecast to 2023

Market Highlights
Solid oxide fuel cells are highly efficient operating at high temperature, which means that fuels can be transformed within the fuel cell itself, eliminating the need for external reforming and allow the units to be used with a variety of hydrocarbon fuels. They can be used with coal gas as they are relatively resistant to small quantities of sulphur in the fuel, compared to other types of fuel cell. Their ability to tolerate fossil fuel impurities, like ammonia and chlorides, Solid oxide fuel cells (SOFCs) are widely used for variety of applications.

SOFCs electrochemically generate electricity at higher efficiencies, and have greater potential as compared to any other type of fuel cell technology. Stationary SOFCs are expected to dominate the global SOFC market by application, due to increased deployment of SOFC as a primary and backup power generator for electronic devices such as installations in residential and commercial sectors for combined heat and power generation.

The Global Solid Oxide Fuel Cell Market is projected to grow at a CAGR of around 8% during the forecast period.

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Key Players
The key players of the global Solid Oxide Fuel Cell market are
• FuelCell Energy (U.S.),
• Bloom Energy (U.S.),
• Aisin Seiki Co. Ltd. (Japan),
• Ceres Power Holdings Plc. (U.K.),
• Kyocera (Japan),
• Ceramic Fuel Cell Ltd. (Australia),
• Delphi (U.K.)
• Others

Asia-Pacific region dominates the global solid oxide fuel cell market
SOFC market is regionally dominated by Asia-Pacific, with Japan and South Korea dominating the region, owing to increasing demand for clean and alternative sources of energy, rising industrial needs, and increasing growth of green energy use to reduce carbon emissions. SOFCs, in Asia-Pacific, North America, and Europe, have potential application in combined heat & power (CHP) systems, to be implemented in commercial buildings for electric and thermal power generation.

Scope of the Report
The scope of the study segments the global solid oxide fuel cell market by its type, application and region.
By Type
• Planar
• Tubular
• Others
By Application
• Stationary
• Transportation
• Portable
• Military
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World

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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Solid Oxide Fuel Cell Market, By Type
4.1 Introduction
4.2 Planar
4.3 Tubular
4.4 Others
5 Global Solid Oxide Fuel Cell Market, By Application

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Release ID: 254199