Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, & Military), End-Use (Data Centers, Commercial & Retail, & APU), Region (North America, Asia Pacific & Europe) - Global Forecast to 2025

  • ID: 4420039
  • Report
  • Region: Global, America, Asia, Asia Pacific, Europe, North America, United States
  • 135 Pages
  • Markets and Markets
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The Solid Oxide Fuel Cell Market is Estimated to Be USD 403.4 Million in 2017 And is Projected to Reach USD 1,140.6 Million By 2025, at a CAGR of 13.88%, from 2017 to 2025.

FEATURED COMPANIES

  • Aisin Seiki
  • Bloom Energy
  • Convion Fuel Cell Systems
  • Fuelcell Energy
  • Hexis
  • Solidpower
  • MORE

“The solid oxide fuel cell market is projected to grow at a CAGR of 13.88%, from 2017 to 2025.”

Government subsidies and fuel cell programs in the US, Japan, and Europe is the major driving factor for the growth of the solid oxide fuel cell market. High capital cost, requirement, and competition from other fuel cell technologies, such as PEMFC can hinder the growth of the solid oxide fuel cell market.

“The combined heat & power sub-segment of the application segment is expected to grow at the highest CAGR, from 2017 to 2025.”

The CHP sub-segment of the application segment is expected to grow at the highest CAGR, during the forecast period. Solid oxide fuel cells can be used for residential and commercial CHP applications and have an advantage over other technologies due to their high efficiency for power generation and low maintenance costs. Government programs in Japan and Europe for fuel cell-based installations is driving the growth of the combined heat and power segment.

“North America: The largest market for solid oxide fuel cell in 2016”

The market in North America is currently the largest market for solid oxide fuel cells followed by the market in Asia Pacific. High demand for the power generation segment for data centers and commercial and retail end-use is driving the market for solid oxide fuel cells in North America.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 43%, Tier 2- 33%, Tier 3- 24%
  • By Designation: C-Level- 35%, D-Level- 25%, and Others- 40%
  • By Region: Americas- 40%, EMEA- 33%, and APAC- 27%,

Note: Others includes product managers, marketing managers, and sales managers.
EMEA denotes Europe, Middle East, and Africa
APAC denotes Asia Pacific
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion

The leading players in the solid oxide fuel cell market include Bloom Energy (US), Sunfire (Germany), Aisin Seiki (Japan), SOLIDpower (Italy), UltraSea Sensor Systems (US), and Atrex Energy (US).

Research Coverage:

The report defines, describes, and forecasts the global solid oxide fuel cell market type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the solid oxide fuel cell market.

Why buy this report?

1. The report identifies and addresses key markets for solid oxide fuel cells, which would help manufacturers review the growth in demand.

2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.

3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aisin Seiki
  • Bloom Energy
  • Convion Fuel Cell Systems
  • Fuelcell Energy
  • Hexis
  • Solidpower
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Solid Oxide Fuel Cell Market
4.2 Solid Oxide Fuel Cell Market, By Country
4.3 Solid Oxide Fuel Cell Market, By Type
4.4 Solid Oxide Fuel Cell Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Subsidies And Fuel Cell Programs in Japan, Europe, & North America
5.2.1.2 Increasing Demand for Energy Efficient Power Generation
5.2.1.3 Ability to Run On Multiple Fuels
5.2.1.4 Stringent Emission Norms in Europe & North America Leading to Demand for Clean Energy Sources
5.2.2 Restraints
5.2.2.1 High Capital Costs Required for Solid Oxide Fuel Cells
5.2.2.2 Competition from Other Fuel Cell Technologies, Such As Pemfc, Dmfc, & Mcfc
5.2.3 Opportunities
5.2.3.1 Rising Distributed Power Generation in the Us & Asia Pacific
5.2.3.2 Increasing Adoption By End-Users in Data Centers And the Military Sector
5.2.3.3 Development of Hybrid-Sofc Technologies
5.2.4 Challenges
5.2.4.1 Technical Issues, Such As High Startup Time & High Operating Temperatures
5.3 Technological Overview
5.3.1 Introduction
5.3.2 Application in Distributed Power Generation
5.3.3 Application in Combined Heat & Power
5.3.4 Application in Portable Power & Military Applications
5.3.5 Fuel Alternatives for Sofc
5.3.6 Alternative Technologies

6 Solid Oxide Fuel Cell Market, By Type
6.1 Introduction
6.2 Planar
6.3 Tubular

7 Solid Oxide Fuel Cell Market, By Application
7.1 Introduction
7.2 Power Generation
7.3 Combined Heat & Power
7.4 Military
7.5 Others

8 Solid Oxide Fuel Cell Market, By Region
8.1 Introduction
8.2 North America
8.2.1 Us
8.3 Asia Pacific
8.3.1 Japan
8.3.2 South Korea
8.3.3 India
8.4 Europe
8.4.1 Germany
8.4.2 Uk
8.4.3 Italy

9 Competitive Landscape
9.1 Introduction
9.2 Key Company Focus Areas
9.2.1 Growth Strategies in the Solid Oxide Fuel Cell Market
9.3 Market Ranking Analysis
9.4 Competitive Situation & Trends

10 Company Profiles
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Mnm View)*
10.1 Aisin Seiki
10.2 Bloom Energy
10.3 Convion Fuel Cell Systems
10.4 Ceres Power Holdings
10.5 Fuelcell Energy
10.6 Hexis
10.7 Solidpower
10.8 Sunfire
10.9 Protonex
10.10 Watt Fuel Cell Corporation
10.11 General Electric
10.12 Elcogen
10.13 Ztek Corporation
10.14 Ultra Undersea Sensor Systems
10.15 Atrex Energy
*Details On Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Mnm View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Subscription Portal
11.4 Introducing Rt: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables
Table 1 Solid Oxide Fuel Cell Market Snapshot
Table 2 Competing Technologies for Sofc
Table 3 Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (Kw)
Table 4 Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (USD Million)
Table 5 Planar Market Size, By Region, 2015-2025 (Kw)
Table 6 Planar Market Size, By Region, 2015-2025 (USD Million)
Table 7 Tubular Market Size, By Region, 2015-2025 (Kw)
Table 8 Tubular Market Size, By Region, 2015-2025 (USD Thousand)
Table 9 Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (Kw)
Table 10 Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (USD Million)
Table 11 Power Generation Solid Oxide Fuel Cell Market Size, By End-Use, 2015-2025 (Kw)
Table 12 Power Generation Solid Oxide Fuel Cell Market Size, By End-Use, 2015-2025 (USD Million)
Table 13 Combined Heat & Power Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (Kw)
Table 14 Combined Heat & Power Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (USD Million)
Table 15 Military Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (Kw)
Table 16 Military Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (USD Million)
Table 17 Others Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (Kw)
Table 18 Others Solid Oxide Fuel Cell Market Size, By Type, 2015-2025 (USD Million)
Table 19 Solid Oxide Fuel Cell Market Size, By Region, 2015-2025 (Kw)
Table 20 Solid Oxide Fuel Cell Market Size, By Region, 2015-2025 (USD Million)
Table 21 Solid Oxide Fuel Cell Market Size, By Region, 2015-2025 (Kw)
Table 22 Solid Oxide Fuel Cell Market Size, By Region, 2015-2025 (USD Million)
Table 23 Us: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 24 Us: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 25 Us: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (Kw)
Table 26 Us: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (USD Million)
Table 27 Us: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 28 Us: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 29 Us: Solid Oxide Fuel Cell Market, By Military End-Use, 2015-2025 (Kw)
Table 30 Us: Solid Oxide Fuel Cell Market, By Military End-Use, 2015-2025 (USD Million)
Table 31 Us: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (Kw)
Table 32 Us: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (USD Million)
Table 33 Us: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 34 Us: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 35 Asia Pacific: Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (Kw)
Table 36 Asia Pacific: Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (USD Million)
Table 37 Asia Pacific: Solid Oxide Fuel Cell Market Size, By Country, 2015-2025 (Kw)
Table 38 Asia Pacific: Solid Oxide Fuel Cell Market Size, By Country, 2015-2025 (USD Million)
Table 39 Japan: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 40 Japan: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 41 Japan: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (Kw)
Table 42 Japan: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (USD Million)
Table 43 Japan: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 44 Japan: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 45 Japan: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 46 Japan: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 47 South Korea: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 48 South Korea: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 49 South Korea: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 50 South Korea: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 51 South Korea: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 52 South Korea: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 53 India: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 54 India: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 55 India: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (Kw)
Table 56 India: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (USD Million)
Table 57 India: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (Kw)
Table 58 India: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (USD Million)
Table 59 India: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 60 India: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 61 Europe: Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (Kw)
Table 62 Europe: Solid Oxide Fuel Cell Market Size, By Application, 2015-2025 (USD Million)
Table 63 Europe: Solid Oxide Fuel Cell Market Size, By Country, 2015-2025 (Kw)
Table 64 Europe: Solid Oxide Fuel Cell Market Size, By Country, 2015-2025 (USD Million)
Table 65 Germany: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 66 Germany: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 67 Germany: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (Kw)
Table 68 Germany: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (USD Million)
Table 69 Germany: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 70 Germany: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 71 Germany: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (Kw)
Table 72 Germany: Solid Oxide Fuel Cell Market, By Others End-Use, 2015-2025 (USD Million)
Table 73 Germany: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 74 Germany: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 75 Uk: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 76 Uk: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 77 Uk: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 78 Uk: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 79 Uk: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 80 Uk: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)
Table 81 Italy: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (Kw)
Table 82 Italy: Solid Oxide Fuel Cell Market, By Application, 2015-2025 (USD Million)
Table 83 Italy: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (Kw)
Table 84 Italy: Solid Oxide Fuel Cell Market, By Power Generation End-Use, 2015-2025 (USD Million)
Table 85 Italy: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (Kw)
Table 86 Italy: Solid Oxide Fuel Cell Market, By Combined Heat & Power End-Use, 2015-2025 (USD Million)
Table 87 Italy: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (Kw)
Table 88 Italy: Solid Oxide Fuel Cell Market, By Type, 2015-2025 (USD Million)

List of Figures
Figure 1 Market Segmentation: Solid Oxide Fuel Cell Market
Figure 2 Solid Oxide Fuel Cell Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 the Us Market Dominated the Solid Oxide Fuel Cell Market in 2016
Figure 8 the Planar Sofc Segment is Expected to Lead the Solid Oxide Fuel Cell Market, By Type, During the Forecast Period
Figure 9 Solid Oxide Fuel Cell Market: By Application
Figure 10 Development of Hybrid Sofc Systems is Projected to Help Market Growth During the Forecast Period
Figure 11 Japan is Projected to Be the Fastest Growing Market During the Forecast Period
Figure 12 the Planar Sofc Segment is Expected to Account for the Largest Market Share in 2017
Figure 13 the Power Generation Segment is Expected to Lead the Solid Oxide Fuel Cell Market During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, & Challenges
Figure 15 Solid Oxide Fuel Cell Market Shares, By Type, 2016
Figure 16 Solid Oxide Fuel Cell Market, By Application, 2016
Figure 17 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Solid Oxide Fuel Cell Market, By Country, 2016
Figure 19 Solid Oxide Fuel Cell Market Snapshot in North America (2017-2025)
Figure 20 Solid Oxide Fuel Cell Market Snapshot in Asia Pacific (2017-2025)
Figure 21 Companies Adopted New Product Launches to Capture a Share of the Market, 2014-2017
Figure 22 Battle for Market Share: New Product Launches Was the Key Strategy, 2014-2017
Figure 23 Market Evaluation Framework: Contracts & Agreements Fueled the Growth of Companies, 2014-2017
Figure 24 Aisin Seiki Co., Ltd.: Company Snapshot
Figure 25 Ceres Power Holdings: Company Snapshot
Figure 26 Fuelcell Energy: Company Snapshot
Figure 27 General Electric: Company Snapshot
Figure 28 Ultra Undersea Sensor Systems: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aisin Seiki
  • Bloom Energy
  • Convion Fuel Cell Systems
  • Fuelcell Energy
  • Hexis
  • Solidpower
  • MORE

The global solid oxide fuel cell market is estimated to be USD 403.4 Million in 2017 and is projected to grow at a CAGR of 13.88% from 2017 to 2025 to reach a market size of USD 1,140.6 Million by 2025. Government subsidies and fuel cell programs in Japan and North America, along with growing demand for efficient power generation are the major drivers for the growth of the solid oxide fuel cell market.

The report segments the solid oxide fuel cell market, by type, into planar and tubular. Planar type dominated the solid oxide fuel cell market in 2016 due to product offering of planar type being the most commonly used for the power generation application.

Based on application, the solid oxide fuel cell is segmented into power generation, combined heat and power, military, and others. The power generation application dominated the solid oxide fuel cell market mainly due to high demand for distributed power generation for commercial and retail and data centers end-use in the North American region.

The application segment has been further sub-segmented by end-use. The power generation segment has been sub-segmented into data centers, commercial and retail, and telecom. Combined heat and power has been sub-segmented into commercial and residential end-use; military segment in to stationary power generation and portable and unmanned systems; and others segment includes transportation auxiliary power units and remote emergency power.

In this report, the solid oxide fuel cell market has been analyzed with respect to three regions, namely, North America, Asia Pacific, and Europe. The market in North America is expected to lead the global solid oxide fuel cell market during the forecast period due to increasing demand for efficient power generation and government subsidies.

Rising demand for distributed power generation in North America and Asia Pacific, increasing adoption of solid oxide fuel cells in data centers, and military sector and development of hybrid-SOFC technologies could lead to opportunities for the solid oxide fuel cell market. High capital costs and competition from other fuel cell technologies, such as PEMFC could be a restraint to the growth of the solid oxide fuel cell market.

Some of the leading players in the solid oxide fuel cell market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), and Atrex Energy (US). Contracts & agreements and joint ventures and collaborations were some of the strategies adopted by these players.

Note: Product cover images may vary from those shown
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  • Aisin Seiki
  • Atrex Energy
  • Bloom Energy
  • Ceres Power Holdings
  • Convion Fuel Cell Systems
  • Elcogen
  • Fuelcell Energy
  • General Electric
  • Hexis
  • Protonex
  • Solidpower
  • Sunfire
  • Ultra Undersea Sensor Systems
  • Watt Fuel Cell Corporation
  • Ztek Corporation
Note: Product cover images may vary from those shown
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