+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Solid Oxide Fuel Cells (SOFCs) - Market Analysis, Trends, and Forecasts

  • ID: 450633
  • Report
  • February 2020
  • Region: Global
  • 101 Pages
  • Global Industry Analysts, Inc
1 of 2
Solid Oxide Fuel Cells (SOFCs) market worldwide is projected to grow by US$2.3 Billion, driven by a compounded growth of 23.8%. Remote Power & Auxiliary Power Units (APUs), one of the segments analyzed and sized in this study, displays the potential to grow at over 23.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.1 Billion by the year 2025, Remote Power & Auxiliary Power Units (APUs) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 26.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$75.5 Million to the region's size and clout in the next 5 to 6 years. Over US$107.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Remote Power & Auxiliary Power Units (APUs) will reach a market size of US$89.6 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 22.9% over the next couple of years and add approximately US$390.3 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Adelan Ltd.
  • Atrex Energy Inc.
  • Bloom Energy Corporation
  • Ceramic Fuel Cells Limited
  • Ceres Power Limited
  • Convion Ltd.
  • Elcogen AS
  • FuelCell Energy, Inc.
  • Hexis AG
  • SOLIDpower S.p.A.
  • Sunfire GmbH
  • Ultra Electronics Holdings Plc
Note: Product cover images may vary from those shown
2 of 2

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Fuel Cells - A Rudimentary Overview

Recent Market Activity

Solid Oxide Fuel Cells - A Curtain Raiser

Current and Future Analysis

Collaborative Effort - Key to Successful Commercialization

Present Levels of Commercialization

Global Competitor Market Shares

Solid Oxide Fuel Cells (SOFCs) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

Adelan Ltd.

Atrex Energy, Inc.

Bloom Energy Corporation

Ceramic Fuel Cells Limited

Ceres Power Limited

Convion Ltd.

Elcogen AS

FuelCell Energy, Inc.

Hexis AG

SOLIDpower S.p.A.

Sunfire GmbH

Ultra Electronics Holdings Plc

3. MARKET TRENDS & DRIVERS

SOFCs Takes on Competition from Market Leader PEMFC Head-On

Growing Focus on Environmental Protection to Drive Adoption of SOFCs in Power & Transportation Sector

Growing Demand for Electricity Driving Demand for SOFCs in Power Sector

SOFCs Gather Momentum in Stationary Cogeneration/CHP Deployments

SOFCs: Ideal for Distributed Power Generation

Growing Focus on Renewable Energy to Add to Market Demand for SOFCs

Positive Outlook for Fuel Cell Integrated Residential CHPs

Efforts in Full Swing to Make SOFC a Mainstream Technology for APU in Automobiles

Factors Indicating Potential Opportunity for SOFCs in Heavy-Duty Trucks and Refrigerated Transport Vehicles

Opportunities in Military & Defense Sector

SOFCs Make Perfect Sense for Mobile Networks

The Role of the Government in Driving the Market’s Future

Favorable Government Policies Remain Critical to Success

Investments Pour In, Promising to Expand the Industry’s Scope

Planar SOFC Remains the Dominant SOFC Technology in the Market

SOFCs: A Technology of Interest to Developed Countries

Japan - A Unique Case of Environment Driven and Energy Driven Market

Developing Nations Set to Follow Developed Markets in Adoption of SOFCs

China on the Verge of a Fuel Cell Boom

Technological Developments Widen Scope of Applications for SOFCs

Technological Innovations Promise to Revolutionize SOFC Manufacturing

Nano Coatings Emerge as Means to Enhance Durability of SOFC

SOFC Demand Not Disruptive to Supplies of Rare Earth Elements

Conventional Power Companies Vie for the SOFC Pie

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Solid Oxide Fuel Cells (SOFCs) Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 2: Solid Oxide Fuel Cells (SOFCs) Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2009-2017

TABLE 3: Solid Oxide Fuel Cells (SOFCs) Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Remote Power & Auxiliary Power Units (APUs) (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025

TABLE 5: Remote Power & Auxiliary Power Units (APUs) (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2009-2017

TABLE 6: Remote Power & Auxiliary Power Units (APUs) (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Combined Heat & Power (CHP) (Application) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025

TABLE 8: Combined Heat & Power (CHP) (Application) Historic Demand Patterns in US$ Thousand by Region/Country: 2009-2017

TABLE 9: Combined Heat & Power (CHP) (Application) Market Share Shift across Key Geographies: 2009 VS 2019 VS 2025

TABLE 10: Other Applications (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 11: Other Applications (Application) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2009-2017

TABLE 12: Other Applications (Application) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Solid Oxide Fuel Cells (SOFCs) Market Share (in %) by Company: 2020 & 2025

Market Analysts

TABLE 13: United States Solid Oxide Fuel Cells (SOFCs) Latent Demand Forecasts in US$ Thousand by Application: 2018 to 2025

TABLE 14: Solid Oxide Fuel Cells (SOFCs) Historic Demand Patterns in the United States by Application in US$ Thousand for 2009-2017

TABLE 15: Solid Oxide Fuel Cells (SOFCs) Market Share Breakdown in the United States by Application: 2009 VS 2019 VS 2025

CANADA

TABLE 16: Canadian Solid Oxide Fuel Cells (SOFCs) Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025

TABLE 17: Solid Oxide Fuel Cells (SOFCs) Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2009-2017

TABLE 18: Canadian Solid Oxide Fuel Cells (SOFCs) Market Share Analysis by Application: 2009 VS 2019 VS 2025

JAPAN

TABLE 19: Japanese Demand Estimates and Forecasts for Solid Oxide Fuel Cells (SOFCs) in US$ Thousand by Application: 2018 to 2025

TABLE 20: Japanese Solid Oxide Fuel Cells (SOFCs) Market in US$ Thousand by Application: 2009-2017

TABLE 21: Solid Oxide Fuel Cells (SOFCs) Market Share Shift in Japan by Application: 2009 VS 2019 VS 2025

CHINA

TABLE 22: Chinese Demand for Solid Oxide Fuel Cells (SOFCs) in US$ Thousand by Application: 2018 to 2025

TABLE 23: Solid Oxide Fuel Cells (SOFCs) Market Review in China in US$ Thousand by Application: 2009-2017

TABLE 24: Chinese Solid Oxide Fuel Cells (SOFCs) Market Share Breakdown by Application: 2009 VS 2019 VS 2025

EUROPE

Market Facts & Figures

European Solid Oxide Fuel Cells (SOFCs) Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analysts

TABLE 25: European Solid Oxide Fuel Cells (SOFCs) Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025

TABLE 26: Solid Oxide Fuel Cells (SOFCs) Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2009-2017

TABLE 27: European Solid Oxide Fuel Cells (SOFCs) Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 28: European Solid Oxide Fuel Cells (SOFCs) Addressable Market Opportunity in US$ Thousand by Application: 2018-2025

TABLE 29: Solid Oxide Fuel Cells (SOFCs) Market in Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2009-2017

TABLE 30: European Solid Oxide Fuel Cells (SOFCs) Market Share Analysis by Application: 2009 VS 2019 VS 2025

FRANCE

TABLE 31: Solid Oxide Fuel Cells (SOFCs) Quantitative Demand Analysis in France in US$ Thousand by Application: 2018-2025

TABLE 32: French Solid Oxide Fuel Cells (SOFCs) Historic Market Review in US$ Thousand by Application: 2009-2017

TABLE 33: French Solid Oxide Fuel Cells (SOFCs) Market Share Analysis: A 17-Year Perspective by Application for 2009, 2019, and 2025

GERMANY

TABLE 34: Solid Oxide Fuel Cells (SOFCs) Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2018-2025

TABLE 35: German Solid Oxide Fuel Cells (SOFCs) Market in Retrospect in US$ Thousand by Application: 2009-2017

TABLE 36: Solid Oxide Fuel Cells (SOFCs) Market Share Distribution in Germany by Application: 2009 VS 2019 VS 2025

ITALY

TABLE 37: Italian Demand for Solid Oxide Fuel Cells (SOFCs) in US$ Thousand by Application: 2018 to 2025

TABLE 38: Solid Oxide Fuel Cells (SOFCs) Market Review in Italy in US$ Thousand by Application: 2009-2017

TABLE 39: Italian Solid Oxide Fuel Cells (SOFCs) Market Share Breakdown by Application: 2009 VS 2019 VS 2025

UNITED KINGDOM

TABLE 40: United Kingdom Demand Estimates and Forecasts for Solid Oxide Fuel Cells (SOFCs) in US$ Thousand by Application: 2018 to 2025

TABLE 41: United Kingdom Solid Oxide Fuel Cells (SOFCs) Market in US$ Thousand by Application: 2009-2017

TABLE 42: Solid Oxide Fuel Cells (SOFCs) Market Share Shift in the United Kingdom by Application: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 43: Rest of Europe Solid Oxide Fuel Cells (SOFCs) Addressable Market Opportunity in US$ Thousand by Application: 2018-2025

TABLE 44: Solid Oxide Fuel Cells (SOFCs) Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2009-2017

TABLE 45: Rest of Europe Solid Oxide Fuel Cells (SOFCs) Market Share Analysis by Application: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 46: Solid Oxide Fuel Cells (SOFCs) Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2018-2025

TABLE 47: Asia-Pacific Solid Oxide Fuel Cells (SOFCs) Historic Market Review in US$ Thousand by Application: 2009-2017

TABLE 48: Asia-Pacific Solid Oxide Fuel Cells (SOFCs) Market Share Analysis: A 17-Year Perspective by Application for 2009, 2019, and 2025

REST OF WORLD

TABLE 49: Rest of World Solid Oxide Fuel Cells (SOFCs) Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025

TABLE 50: Solid Oxide Fuel Cells (SOFCs) Market in Rest of World: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2009-2017

TABLE 51: Rest of World Solid Oxide Fuel Cells (SOFCs) Market Share Analysis by Application: 2009 VS 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 35

Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll