Global Planar Solid Oxide Fuel Cell Market Size, Share, Development, Growth and Demand Forecast to 2022 - Product Image

Global Planar Solid Oxide Fuel Cell Market Size, Share, Development, Growth and Demand Forecast to 2022

  • ID: 4340259
  • Report
  • Region: Global
  • 89 pages
  • P&S Market Research
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Market Overview

Planar solid oxide fuel cell (SOFC) is a flat, thin ceramic plate that converts the chemical energy of a fuel into electricity with minimum emissions. Planar solid oxide fuel cell is a sub-type of SOFC operating at 1000°C and offers the highest energy efficiency, unlike other fuel cell types. They offer efficiencies more than 60% when converting fuel to electricity.

Planar solid oxide fuel cell offers a clean, low-pollution technology to electrochemically generate electricity at high efficiencies, since their efficiencies are not limited by the Carnot cycle of a heat engine. These fuel cell technologies have many advantages over traditional energy conversion systems including high efficiency, reliability, modularity, fuel adaptability, and very low levels of NOx and SOx emissions.

The rising application from general automotive industry to portable devices and small stationary appliances, and transportation applications is expected to propel the market for planar solid oxide fuel cell, globally, during the forecast period. The global planar solid oxide fuel cell market is driven by the growing need for high electrical efficiency, increasing biomass utilization, and rising demand from the military, transportation, and small stationary sectors.

Planar solid oxide fuel cell is used in oil and gas carrying pipelines, military and transportation applications. North America and Europe are expected to grow at a significant level on account of the increasing demand for alternative electric power generation technologies and growing preference towards distributed power generation. Asia-Pacific is expected to witness the significant growth rate in the global planar solid oxide fuel cell market during the forecast period with Japan being the largest contributor.

Market Dynamics

The global planar solid oxide fuel cell market is expected to witness a CAGR of 11.4% during the forecast period. The global planar solid oxide fuel cell market is driven by the growing demand for renewable and cost effective energy sources. The search for renewable and environment-friendly source of energy would generate the demand for planar solid oxide fuel cell, impacting the market positively in both short and long term. Based on component, planar cells are expected to be the largest segment of the global planar solid oxide fuel cell market during the forecast period. During 2012 - 2015, stationary segment was the largest market for planar solid oxide fuel cell by application.

Trends

The key trend witnessed in the global planar solid oxide fuel cell market includes growing demand for alternative methods of power generation and increasing government support. Factors such as stringent government laws coupled with increasing energy prices are the key trends observed in the market growth for planar solid oxide fuel cell. Growing importance of alternative energy-conversion devices are replacing combustion-based electrical generators due to the high-energy conversion efficiency and low emission of planar solid oxide fuel cell. Japan reinforced its goal to create a hydrogen society, with vehicles, homes and businesses powered by fuel cells.

Over the past few years, the government of various countries including the U.S., Germany, Japan, South Korea and China have been increasingly supporting the advancements in the planar solid oxide fuel cell technology by funding projects and research activities. For instance, DOE’s National Energy Technology Laboratory (NETL) announced plans to fund 16 SOFC technology research projects. Moreover, countries such as Japan and Germany have sponsored large field test programs for SOFCs during the past few years.

Growth Drivers

An increase in the number of partnership and collaborations have been witnessed in the automotive sector focusing on product expansions and improving the company’s geographic presence. This is expected to propel the growth of global planar solid oxide fuel cell market during the forecast period.

In the recent years, increasing government regulations including the Integrated Product Policy has been implemented to address the environmental impacts of the non-renewable products. Most of the global players are commercializing the development of planar solid oxide fuel cell technology for application in stationary power generation. This would further spike the demand for planar solid oxide fuel cell during the forecast period.

The global planar solid oxide fuel cell market is driven by the growing demand for renewable and cost effective energy sources. The search for renewable and environment-friendly source of energy would generate the demand for planar solid oxide fuel cell, impacting the market positively in both short and long term.

Growth Restraints

Elongated operational start-up time for planar solid oxide fuel cell are one of the major factors that is expected to hamper the growth of global planar solid oxide fuel cell market. While converting fuel into electricity, the overall efficiency of fuel cell could be around 60% to 80%; however, these cells take longer time to start and reach the operating temperature which may hinder the growth of the global planar solid oxide fuel cell market.

High capital investment and operational cost is also expected to restraint the growth of overall market. Conventional solid oxide fuel cell technology requires high cost of cells, stack and balance-of-plant components, and robustness to real-world operating conditions such as the unplanned fuel interruptions at operating temperature and thermal cycling. Additionally, planar solid oxide fuel cell requires additional equipment to protect the stack from failures or damages, adding to further costs.

The growth of global market is affected by elongated operational start-up time and high investment and operational cost, which is expected to have a negative impact in the short-term; however, the developments and technological advancements are expected to offset the impact of such factors with having a moderate impact in long term

Competitive Landscape

The global market is dominated by major players such as FuelCell Energy, Inc., Aisin Seiki Co., Ltd., Ultra Electronics Holdings plc, Ceres Power Holdings plc, Ballard Power Systems Inc., SOLIDpower S.p.a, Convion Ltd., Delphi Automotive PLC., and Chevron Corporation.

Scope for Customization

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Geographical Analysis - Increase in country coverage
  • Segment Analysis - More granular coverage related to:
  • Industry segmentation - “Others” segment can be further broken down into different types of components
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment
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1. Research Scope And Methodology
1.1 Market Definition
1.2 Research Scope
1.2.1 Market Segmentation By Component
1.2.2 Market Segmentation By Application
1.2.3 Market Segmentation By Region
1.3 Research Methodology And Sources

2. Executive Summary
2.1 Key Findings
2.2 Research Summary

3. Market Outlook
3.1 Introduction
3.2 Trends In The Global Planar Sofc Market
3.2.1 Growing Demand For Alternative Methods Of Power Generation
3.2.2 Increasing Government Support
3.3 Opportunities In The Global Planar Sofc Market
3.3.1 Growing Application In Oil And Gas Industry
3.3.2 Increasing Demand For Planar Sofc In Various Industries
3.4 Factor Driving Growth Of The Market And Its Impact On Market Forecast
3.4.1 Growing Demand For Renewable And Efficient Energy Source
3.4.2 Increasing Demand From Automotive Sector
3.4.3 Growing Demand For Biomass Utilization
3.4.4 Impact Analysis Of Drivers On Market Forecast
3.5 Restraints Of The Market And Its Impact On Market Forecast
3.5.1 Elongated Operational Start-Up Time
3.5.2 High Capital Investment And Operational Cost
3.5.3 Impact Analysis Of Restraints On Market Forecast

4. Global Planar Sofc Market
4.1 Planar Sofc Market, By Component
4.1.1 Planar Cells
4.1.2 Separator Plates
4.1.3 Manifolds
4.1.4 Seals
4.1.5 Others
4.2 Global Planar Sofc Market, By Application
4.2.1 Stationary
4.2.2 Portable
4.2.3 Transportation
4.3 Planar Sofc Market, By Region

5. Global Planar Sofc Market, By Geography
5.1 Asia-Pacific Planar Sofc Market
5.1.1 Asia-Pacific Planar Sofc Market, By Component
5.1.2 Asia-Pacific Planar Sofc Market, By Application
5.1.3 Asia-Pacific Planar Sofc Market, By Country
5.2 North America Planar Sofc Market
5.2.1 North America Planar Sofc Market, By Component
5.2.2 North America Planar Sofc Market, By Application
5.2.3 North America Planar Sofc Market, By Country
5.3 Europe Planar Sofc Market
5.3.1 Europe Planar Sofc Market, By Component
5.3.2 Europe Planar Sofc Market, By Application
5.3.3 Europe Planar Sofc Market, By Country
5.4 Rest Of The World (Row) Planar Sofc Market
5.4.1 Rest Of The World Planar Sofc Market, By Component
5.4.2 Rest Of The World Planar Sofc Market, By Application
5.4.3 Rest Of The World Planar Sofc Market, By Country

6. Porters Analysis
6.1 Porter's Five Forces Of Competitive Position Analysis
6.1.1 Bargaining Power Of Buyers
6.1.2 Bargaining Power Of Suppliers
6.1.3 Threat Of New Entrants
6.1.4 Intensity Of Rivalry
6.1.5 Threat Of Substitutes
6.2 Competitive Positioning Of Global Planar Sofc Market, By Application

7. Company Profiles And Strategic Developments
7.1 Key Company Profiles
7.1.1 Fuelcell Energy, Inc.
7.1.1.1 Business Overview
7.1.1.2 Product And Service Offerings
7.1.2 Aisin Seiki Co., Ltd.
7.1.2.1 Business Overview
7.1.2.2 Product And Service Offerings
7.1.3 Ultra Electronics Holdings Plc
7.1.3.1 Business Overview
7.1.3.2 Product And Service Offerings
7.1.4 Ceres Power Holdings Plc
7.1.4.1 Business Overview
7.1.4.2 Product And Service Offerings
7.1.5 Ballard Power Systems Inc.
7.1.5.1 Business Overview
7.1.5.2 Product And Service Offerings
7.1.6 Solidpower S.P.A.
7.1.6.1 Business Overview
7.1.6.2 Product And Service Offerings
7.1.7 Convion Ltd.
7.1.7.1 Business Overview
7.1.7.2 Product And Service Offerings
7.1.8 Delphi Automotive Plc
7.1.8.1 Business Overview
7.1.8.2 Product And Service Offerings
7.1.9 Chevron Corporation
7.1.9.1 Business Overview
7.1.9.2 Product And Service Offerings
7.2 Strategic Developments In The Global Planar Sofc Market

8. Appendix
8.1 List Of Abbreviations

List Of Tables
Table 1: Specific Primary And Secondary Sources Used For This Publication
Table 2: Global Planar Sofc Market Snapshot
Table 3: Drivers For The Market: Impact Analysis
Table 4: Restraints For The Market: Impact Analysis
Table 5: Global Planar Sofc Market, By Component, $M (2012 -2015)
Table 6: Global Planar Sofc Market, By Component, $M (2016-2022)
Table 7: Global Planar Sofc Market, By Application, $M (2012 - 2015)
Table 8: Global Planar Sofc Market, By Application, $M (2016 - 2022)
Table 9: Global Planar Sofc Market, By Region, $M (2012-2015)
Table 10: Global Planar Sofc Market, By Region, $M (2016-2022)
Table 11: Asia-Pacific Planar Sofc Market, By Component, $M (2012-2015)
Table 12: Asia-Pacific Planar Sofc Market, By Component, $M (2016-2022)
Table 13: Asia-Pacific Planar Sofc Market, By Application, $M (2012- 2015)
Table 14: Asia-Pacific Planar Sofc Market, By Application, $M (2016-2022)
Table 15: Asia-Pacific Planar Sofc Market, By Country, $M (2012-2015)
Table 16: Asia-Pacific Planar Sofc Market, By Country, $M (2016-2022)
Table 17: North America Planar Sofc Market, By Component, $M (2012-2015)
Table 18: North America Planar Sofc Market, By Component, $M (2016-2022)
Table 19: North America Planar Sofc Market, By Application, $M (2012- 2015)
Table 20: North America Planar Sofc Market, By Application, $M (2016- 2022)
Table 21: North America Planar Sofc Market, By Country, $M (2012-2015)
Table 22: North America Planar Sofc Market, By Country, $M (2016-2022)
Table 23: Europe Planar Sofc Market, By Component, $M (2012-2015)
Table 24: Europe Planar Sofc Market, By Component, $M (2016-2022)
Table 25: Europe Planar Sofc Market, By Application, $M (2012- 2015)
Table 26: Europe Planar Sofc Market, By Application, $M (2016- 2022)
Table 27: Europe Planar Sofc Market, By Country, $M (2012-2015)
Table 28: Europe Planar Sofc Market, By Country, $M (2016-2022)
Table 29: Rest Of The World Planar Sofc Market, By Component, $M (2012-2015)
Table 30: Rest Of The World Planar Sofc Market, By Component, $M (2016-2022)
Table 31: Rest Of The World Planar Sofc Market, By Application, $M (2012- 2015)
Table 32: Rest Of The World Planar Sofc Market, By Application, $M (2016-2022)
Table 33: Rest Of The World Planar Sofc Market, By Country, $M (2012-2015)
Table 34: Rest Of The World Planar Sofc Market, By Country, $M (2016-2022)
Table 35: Fuelcell Energy, Inc. - Key Facts
Table 36: Aisin Seiki Co., Ltd. - Key Facts
Table 37: Ultra Electronics Holdings Plc-Key Facts
Table 38: Offerings Of The Ultra Electronics Holdings Plc
Table 39: Ceres Power Holding Plc - Key Facts
Table 40: Ballard Power Systems Inc. - Key Facts
Table 41: Solidpower S.P.A - Key Facts
Table 42: Convion Ltd. - Key Facts
Table 43: Delphi Automotive Plc- Key Facts
Table 44: Chevron Corporation- Key Facts
Table 45: Offerings Of Chevron Corporation

List Of Figures
Fig 1: Research Scope For Global Planar Sofc Market
Fig 2: Research Methodology For Global Planar Sofc Market
Fig 3: Global Planar Sofc Market Split, By Region (2015)
Fig 4: Global Planar Sofc Market, $M (2012-2022)
Fig 5: Global Planar Sofc Market Split, By Component (2015)
Fig 6: Global Planar Sofc Market, By Component, $M (2012-2022)
Fig 7: Global Planar Sofc Market For Planar Cells, $M (2012-2022)
Fig 8: Global Planar Sofc Market For Separator Plates, $M (2012-2022)
Fig 9: Global Planar Sofc Market For Manifolds, $M (2012-2022)
Fig 10: Global Planar Sofc Market For Seals, $M (2012-2022)
Fig 11: Global Planar Sofc Market For Others, $M (2012-2022)
Fig 12: Global Planar Sofc Market Split, By Application (2015)
Fig 13: Global Planar Sofc Market For Stationary Application, $M (2012-2022)
Fig 14: Global Planar Sofc Market For Portable Application, $M (2012-2022)
Fig 15: Global Planar Sofc Market For Transportation Application, $M (2012-2022)
Fig 16: Global Planar Sofc Market Split, By Region (2015)
Fig 17: Global Planar Sofc Market, By Region, $M (2012-2022)
Fig 18: Worldwide Major Markets For Planar Sofc
Fig 19: Asia-Pacific Planar Sofc Market, $M (2012-2022)
Fig 20: North America Planar Sofc Market, $M (2012-2022)
Fig 21: Europe Planar Sofc Market, $M (2012-2022)
Fig 22: Rest Of The World Planar Sofc Market, $M (2012-2022)
Fig 23: Porter's Five Forces Of Competitive Position Analysis
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