Global Solid Oxide Fuel Cell (SOFC) Market to 2019-2025: Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi Corp, GE, Convion, FuelCell Energy, Atrex Energy

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A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues.

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Categorization on the basis of technology includes tubular, planar and other SOFCs. Planar SOFC have the largest market demand on account of higher power ratio as compared to other SOFCs, despite high installation costs. Planar SOFC has the highest electrical efficiency that allows great potential for applications in military, leading to higher demand in the aforementioned application. Further segmentation on the basis of application includes transportation, military and portable energy purposes, as well as small & large stationery. Major SOFC application lies in military on account of portability and compact nature of these fuel cells. Power output is also higher and easier to achieve than other conventional solar cells, which is expected to positively impact the SOFC growth market during the forecast period.

High costs of commercialization and catalysts, as well as complexity in infrastructure establishment are expected to hinder the SOFC market growth over the forecast period. SOFC also requires high temperatures for activation of ceramic electrolytes in the device, which could lead to chemical and mechanical compatibility issues and longer start-up buffer time.

The Solid Oxide Fuel Cell (SOFC) market was valued at 410 Million US$ in 2017 and is projected to reach 1110 Million US$ by 2025, at a CAGR of 13.3% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solid Oxide Fuel Cell (SOFC).

The following manufacturers are covered in this report:
Bloom Energy
Siemens Energy
Aisin Seiki
Mitsubishi Heavy Industries
Delphi Corp
GE
Convion
FuelCell Energy
Atrex Energy, Inc
SOLIDpower
ZTEK Corporation
Redox Power Systems
Ceres
Elcogen

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Solid Oxide Fuel Cell (SOFC) Breakdown Data by Type
Tubular
Planar
Others

Solid Oxide Fuel Cell (SOFC) Breakdown Data by Application
Transportation
Portable & Military
Stationary

Solid Oxide Fuel Cell (SOFC) Production by Region
United States
Europe
China
Japan
Other Regions

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The study objectives are:
To analyze and research the global Solid Oxide Fuel Cell (SOFC) status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Solid Oxide Fuel Cell (SOFC) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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