Solid Oxide Fuel Cell Market: By Type (Planar and Tabular), By End-Use (Combined Heat & Power, Military, Power Generation and Others), By Application (Portable, Stationery and Transport) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
Solid Oxide Fuel Cell Market: By Type (Planar and Tabular), By End-Use (Combined Heat & Power, Military, Power Generation and Others), By Application (Portable, Stationery and Transport) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
PRODUCT OVERVIEW
SOFC (Solid oxide fuel cell) is a device which converts electrical energy that uses electrochemical reactions to generate power. Biogas, fossil fuel, propane hydrogen, and other oxidized hydrocarbons are among the energy sources used. SOFCs come in a variety of shapes and sizes, including planar and tubular models that are somewhat stationary or portable. They are made up of a ceramic membrane which conducts ions & flows current flow at high temperatures, as well as non-porous & metal oxide electrolytes that transform chemical energy into electrical and thermal energy without the use of combustion. In comparison to other sources of energy, SOFCs are both cost-effective and environmentally friendly.
MARKET HIGHLIGHTS
Global Solid Oxide Fuel Cell market is expected to project a notable CAGR of 28.7% in 2031.
Global Solid Oxide Fuel Cell was valued at 0.7 billion in 2021 at a CAGR of 28.7%. Solid oxide fuel cells have a high operating effectiveness, which can be further improved by harnessing the heat created by these SOFC while they are operating. Government subsidies and expanded R&D on fuel cell programs, fuel flexibility, and increasing need for energy-efficient power generation, as well as rigorous pollution requirements, are all significant drivers for the SOFC cell market.
GLOBAL SOLID OXIDE FUEL CELL MARKET: SEGMENTS
Power Generation segment to grow with the highest CAGR during 2021-31
The market is divided into three segments based on end-use: Combined Heat and Power, Military, & Power Generation. By end-user market share, the power generation category dominated the oxides fuel cell market. The SOFC cell industry is likely to benefit from increased demand from renewable energy generation. Distributed power generation methods for remote & backup power for residential, commercial, and industrial usage such as housing developments, data centers, retail outlets, business offices, and telecom towers are referred to as power generation. Furthermore, companies like blue melody as well as its successors have been collaborating to build utility-scale SOFC power facilities.
Planar segment to grow with the highest CAGR during 2021-31
The market is divided into two segments based on the type: planar and tubular. Due to its basic geometry and considerably easier fabrication process, the planar-segment is anticipated to lead the industry during the forecast period. Ceramic fuel cell components are often placed one over another in a sandwich configuration with electrolytes injected between electrodes in planar type solid oxide fuel cells. The planar segment has grown in popularity due to its basic shape and relatively straightforward fabrication method.
MARKET DYNAMICS
Drivers
Increasing installation of green energy technologies
Rising objectives by governments to minimize dependencies
Restraint
Operating limits, and the availability of rival fuel cell technologies
GLOBAL SOLID OXIDE FUEL CELL MARKET:
Key Players
Solid Oxide Fuel Cell Market Segments:
PRODUCT OVERVIEW
SOFC (Solid oxide fuel cell) is a device which converts electrical energy that uses electrochemical reactions to generate power. Biogas, fossil fuel, propane hydrogen, and other oxidized hydrocarbons are among the energy sources used. SOFCs come in a variety of shapes and sizes, including planar and tubular models that are somewhat stationary or portable. They are made up of a ceramic membrane which conducts ions & flows current flow at high temperatures, as well as non-porous & metal oxide electrolytes that transform chemical energy into electrical and thermal energy without the use of combustion. In comparison to other sources of energy, SOFCs are both cost-effective and environmentally friendly.
MARKET HIGHLIGHTS
Global Solid Oxide Fuel Cell market is expected to project a notable CAGR of 28.7% in 2031.
Global Solid Oxide Fuel Cell was valued at 0.7 billion in 2021 at a CAGR of 28.7%. Solid oxide fuel cells have a high operating effectiveness, which can be further improved by harnessing the heat created by these SOFC while they are operating. Government subsidies and expanded R&D on fuel cell programs, fuel flexibility, and increasing need for energy-efficient power generation, as well as rigorous pollution requirements, are all significant drivers for the SOFC cell market.
GLOBAL SOLID OXIDE FUEL CELL MARKET: SEGMENTS
Power Generation segment to grow with the highest CAGR during 2021-31
The market is divided into three segments based on end-use: Combined Heat and Power, Military, & Power Generation. By end-user market share, the power generation category dominated the oxides fuel cell market. The SOFC cell industry is likely to benefit from increased demand from renewable energy generation. Distributed power generation methods for remote & backup power for residential, commercial, and industrial usage such as housing developments, data centers, retail outlets, business offices, and telecom towers are referred to as power generation. Furthermore, companies like blue melody as well as its successors have been collaborating to build utility-scale SOFC power facilities.
Planar segment to grow with the highest CAGR during 2021-31
The market is divided into two segments based on the type: planar and tubular. Due to its basic geometry and considerably easier fabrication process, the planar-segment is anticipated to lead the industry during the forecast period. Ceramic fuel cell components are often placed one over another in a sandwich configuration with electrolytes injected between electrodes in planar type solid oxide fuel cells. The planar segment has grown in popularity due to its basic shape and relatively straightforward fabrication method.
MARKET DYNAMICS
Drivers
Increasing installation of green energy technologies
Rising objectives by governments to minimize dependencies
Restraint
Operating limits, and the availability of rival fuel cell technologies
GLOBAL SOLID OXIDE FUEL CELL MARKET:
Key Players
- Bloom Energy
- Mitsubishi Power Ltd.
- Cummins Inc.
- Ceres
- General Electric
- FuelCell Energy, Inc.
- Ningbo SOFCMAN Energy
- Kyocera Corp.
- AVL
- NGK Spark Plug Co., Ltd.
- Other Prominent Players
Solid Oxide Fuel Cell Market Segments:
- By Type
- Planar
- Tabular
- By End-Use
- Combined Heat & Power
- Military
- Power Generation
- Others
- By Application
- Portable
- Stationary
- Transport
- Solid Oxide Fuel Cell Market Dynamics
- Solid Oxide Fuel Cell Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Executive Summary
2 GLOBAL SOLID OXIDE FUEL CELL MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 GLOBAL SOLID OXIDE FUEL CELL MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 GLOBAL SOLID OXIDE FUEL CELL MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Planar, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Tabular, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By End-Use: Market Share (2020-2031F)
12.3.1. Combined Heat & Power, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Military, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3. Power Generation, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.4. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Application: Market Share (2020-2031F)
12.4.1. Portable, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Stationary, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. Transport, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. Bloom Energy
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Mitsubishi Power Ltd.
13.3. Cummins Inc.
13.4. Ceres
13.5. General Electric
13.6. FuelCell Energy, Inc.
13.7. Ningbo SOFCMAN Energy
13.8. Kyocera Corp.
13.9. AVL
13.10. NGK Spark Plug Co., Ltd.
13.11. Other Prominent Players
14 CONSULTANT RECOMMENDATION
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2 GLOBAL SOLID OXIDE FUEL CELL MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 GLOBAL SOLID OXIDE FUEL CELL MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 GLOBAL SOLID OXIDE FUEL CELL MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Planar, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Tabular, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By End-Use: Market Share (2020-2031F)
12.3.1. Combined Heat & Power, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Military, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3. Power Generation, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.4. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Application: Market Share (2020-2031F)
12.4.1. Portable, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Stationary, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. Transport, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. Bloom Energy
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Mitsubishi Power Ltd.
13.3. Cummins Inc.
13.4. Ceres
13.5. General Electric
13.6. FuelCell Energy, Inc.
13.7. Ningbo SOFCMAN Energy
13.8. Kyocera Corp.
13.9. AVL
13.10. NGK Spark Plug Co., Ltd.
13.11. Other Prominent Players
14 CONSULTANT RECOMMENDATION
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
