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Solid Oxide Fuel Cell (SOFC) Market : Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow 2019-2024

04-12-2019 02:31 PM CET | Energy & Environment

Press release from: Solid Oxide Fuel Cell (SOFC) Market

Albany, NY, 12th April : Recent research and the current scenario as well as future market potential of "Global Solid Oxide Fuel Cell (SOFC) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024" globally.

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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Scope of the Report:
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 worldwide market for Solid Oxide Fuel Cell (SOFC) is expected to grow at a CAGR of roughly 12.9% over the next five years, will reach 840 million US$ in 2024, from 410 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Solid Oxide Fuel Cell (SOFC) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
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

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Tubular
Planar
Others

Market Segment by Applications, can be divided into
Transportation
Portable & Military
Stationary

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The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Solid Oxide Fuel Cell (SOFC) product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Solid Oxide Fuel Cell (SOFC), with price, sales, revenue and global market share of Solid Oxide Fuel Cell (SOFC) in 2017 and 2018.
Chapter 3, the Solid Oxide Fuel Cell (SOFC) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solid Oxide Fuel Cell (SOFC) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Solid Oxide Fuel Cell (SOFC) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Solid Oxide Fuel Cell (SOFC) sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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