Solid Oxide Fuel Cell Market Upcoming Developments and Competitive Landscape: Delphi , Atrex Energy , Redox Power Systems , Ceres Power Holdings Plc., Ceramic Fuel Cell Ltd. , FuelCell Energy

Market Overview:-

Market Research Future (MRFR)’s latest report reveals that the global solid oxide fuel cell market will grow phenomenally at 12.87% CAGR during the forecast period (2017-2023). There has been a growing requirement for zero emission energy devices coupled with alternative sources of energy, which helps shape the market size positively. Moreover, a growing number of companies globally are conducting research and development activities to enhance the class of solid oxide fuel cells, increasing its efficiency, stability, and flexibility. On account of these benefits, their demand has snowballed globally. Features of low emissions and reasonable costs will impact the overall market. Moreover, solid oxide fuels have become a crucial part of auxiliary and mobile units, giving rise to key growth opportunities in the market.

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On the flip side, soaring operating temperatures may impede solid oxide fuel cells performance, negatively affecting the market development. Despite the restraining factor, the solid oxide fuels market is well on its way to achieve staggering growth. The attributable factor is the latest trend of adopting distributed energy generation which makes use of solid oxide fuel cell to provide uninterrupted and reliable power. They save energy costs and are less likely to be affected by external factors such as temperate weather conditions.

Top Players Analysis:-

Delphi (U.K.), Atrex Energy (U.S.), Redox Power Systems (U.S.), Ceres Power Holdings Plc. (U.K.), Ceramic Fuel Cell Ltd. (Australia), FuelCell Energy (U.S.), Protonex (U.S.), WATT Fuel Cell Corporation (U.S.), Elcogen (Estonia), Bloom Energy (U.S.), and Convion Fuel Cell Systems (Finland) are noteworthy players in the solid oxide fuel cell market. Infrastructural projects involving the construction of retail chains can provide opportunities to market players.

The report offers comprehensive profiles on these market players and assesses their current standing in the solid oxide fuel cell market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

Segment Overview:-

Major market end-users include data center, commercial & residential, retail, and auxiliary power units. The data center segment is likely to garner immense market demand owing to corporate giants shifting their proprietary data to the cloud for curbing operational expenditures. The use of SOFCs in these data centers are energy-efficient and play a huge role in curtailing carbon emissions.

The segments and sub-segments covered in the report are analyzed under three major regions – North America, Europe, and Asia Pacific (APAC), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “solid oxide fuel cell” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.

By type, the solid oxide fuel cell market has been segmented into tubular and planar. The planar segment can be expected to showcase a strong growth rate owing to high energy efficiency and low power losses accrued by its usage. Its future applications in underwater vehicles, auxiliary power units, and portable devices can boost segment growth during the forecast period.

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By mobility, the market is segmented into stationary and portable. By application, the market is segmented into power generation, military, and combined heat & power. The power generation segment is likely to dominate over the forecast period owing to increasing demand for power in energy-producing plants for cooling purposes.

Global Market for Solid Oxide Fuel Cell– Segmental Analysis

The solid oxide fuel cell market is segmented on the basis of type, mobility, application, end-user, and region.

The types of solid oxide fuel cell are planar and tubular. Planar solid fuel cell technology is proliferating due to the advantages it offers, such as low power losses and high transformation efficiency compared to conventional power generation. These types of cells have major applications in stationary power generation, portable device, defense applications such as unmanned aircraft and underwater vehicles.

On the basis of mobility, the market is segmented into stationary and portable. Stationary solid oxide fuel cells have major applications in prime power, large combined heat & power (CHP), residential, and uninterrupted power supply. These cells offer various advantages such as reliability, power quality, low operating costs, and the production and utilization of direct current.

Various applications of solid oxide fuel cell technology are power generation, CHP, and military. Among these, power generation is currently the leading application segment and expects to expand in size over the forecast period. The CHP market growth is promising due to favorable government initiatives, low operating costs, declining natural gas price, and growing ecological concerns.

Major Points of TOC:-

1 Executive Summary

2 Market Introduction



3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 22

3.5 Forecast Model 23



4 Market Dynamics

4.1 Introduction 25

4.2 Drivers 26

4.2.1 High Electrical Efficiency Than Conventional Batteries 26

4.2.2 Suitability Of SOFC For A Variety Of Applications 26

4.2.3 Rising Concern For Low Emissions 26

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4.2.4 Drivers Impact Analysis 27

4.3 Restraints 28

4.3.1 High Cost And Complicated Fabrication 28

4.3.2 Competition From Substitute Cell Technologies 28

4.3.3 Restraints Impact Analysis 29

4.4 Opportunity 29

4.4.1 Potential In Emerging Economies 29

Continued........

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