Market Overview:
The global solid oxide fuel cells (SOFCs) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and efficient energy sources, rising concerns over climate change, and growing investments in renewable energy technologies. The global SOFCs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into planar SOFCs, thin film SOFCs, and tubular SOFCs. Planar SOFCS are expected to account for a major share of the global SOFCS market due to their high efficiency and low cost as compared to other types of fuel cells. Thin filmSO FCs are projectedto witness high growth duringthe forecast period owingto their advantages such ashigh power densityand low manufacturing costs as compared tobulkier traditional fuel cells.
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Product Definition:
A solid oxide fuel cell (SOFC) is a type of fuel cell that uses a solid oxide electrolyte. SOFCs are distinguished from other types of fuel cells by their use of a high-temperature electrolyte, typically made from ceramic materials. This allows them to operate at temperatures up to 800 °C, which improves the performance and efficiency of the cells.
Planar:
The global planar, it's usage and growth factor in Solid Oxide Fuel Cells (SOFCs) market size was valued at USD 4.5 billion in 2015 and is expected to witness a significant growth over the forecast period owing to its rising demand for commercialization of SOFC technology. The growing need for electricity generation from sustainable sources is anticipated to be one of the key factors driving industry growth over the next seven years.
Thin film:
Thin film is a term used for referring to very thin layers of materials. Thin films are widely used in solid oxide fuel cells (SOFCs) as the material for the anode and cathode. The thickness of a film can be as small as one nanometer, which makes it one of the thinnest materials in this industry. It also has high electrical conductivity and optical transparency, which increases its application scope significantly.
Application Insights:
The other application segment includes stationary power generation, aircrafts and military. Stationary power generation is expected to be the fastest-growing application segment over the forecast period owing to increasing demand for SOFCs in residential, commercial and industrial applications. Increasing number of commercial buildings having energy requirements is anticipated to boost product demand in this application segment over the forecast period.
Aircraft was the leading revenue contributor among other applications as of 2017 due to high fuel consumption rates coupled with rising passenger traffic across various airports globally. Growing air transportation industry on account of increasing disposable income levels in emerging economies such as China, India and Brazil is expected to drive market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and favorable regulations for deploying SOFCs across countries in this region. For instance, China has implemented a national program called “13th Five-Year Plan†which includes energy conservation and environmental protection in its entirety. In addition, it aims at reducing carbon emission by promoting deployment of clean energy sources such as solid oxide fuel cells across the country.
Europe accounted for more than 25% of global revenue share in 2017 owing to high penetration rate of electric vehicles along with growing demand from other end-use industries such as military.
Growth Factors:
- Increasing demand for fuel cells from the transportation sector as a result of stringent emission norms by regulatory authorities across the globe.
- Growing demand for stationary fuel cells from data centers and telecommunications sectors to meet the rising power requirements.
- Proliferation of microgrids and distributed generation systems that are powered by fuel cells, owing to their high efficiency and reliability.
- Rising investments in research and development activities for developing advanced SOFC technologies that can be used in various applications such as automotive, portable electronics, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid Oxide Fuel Cells (SOFCs) Market Research Report
By Type
Planar, Thin film, Tubular
By Application
Generators, Aircrafts, Military, Other
By Companies
Adelan, Atrex Energy, Bloom Energy, Ceres Power, Convion, Delphi Automotive, Elcogen, FuelCell Energy, Versa Power Systems, Hexis, Adelan, Nexceris, Protonex Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Solid Oxide Fuel Cells (SOFCs) Market Report Segments:
The global Solid Oxide Fuel Cells (SOFCs) market is segmented on the basis of:
Types
Planar, Thin film, Tubular
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Generators, Aircrafts, Military, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adelan
- Atrex Energy
- Bloom Energy
- Ceres Power
- Convion
- Delphi Automotive
- Elcogen
- FuelCell Energy
- Versa Power Systems
- Hexis
- Adelan
- Nexceris
- Protonex Technology
 Market Overview.svg)
Highlights of The Solid Oxide Fuel Cells (SOFCs) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Planar
- Thin film
- Tubular
- By Application:
- Generators
- Aircrafts
- Military
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solid Oxide Fuel Cells (SOFCs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solid oxide fuel cells (SOFCs) are a type of electrochemical cell that uses solid oxide materials as the anode and cathode. The solid oxide material is heated until it becomes liquid, at which point it can be drawn into the anode where it react with oxygen from the air to produce electricity.
Some of the major players in the solid oxide fuel cells (sofcs) market are Adelan, Atrex Energy, Bloom Energy, Ceres Power, Convion, Delphi Automotive, Elcogen, FuelCell Energy, Versa Power Systems, Hexis, Adelan, Nexceris, Protonex Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid Oxide Fuel Cells (SOFCs) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solid Oxide Fuel Cells (SOFCs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid Oxide Fuel Cells (SOFCs) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solid Oxide Fuel Cells (SOFCs) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solid Oxide Fuel Cells (SOFCs) Market Size & Forecast, 2020-2028
4.5.1 Solid Oxide Fuel Cells (SOFCs) Market Size and Y-o-Y Growth
4.5.2 Solid Oxide Fuel Cells (SOFCs) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Planar
5.2.2 Thin film
5.2.3 Tubular
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Generators
6.2.2 Aircrafts
6.2.3 Military
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid Oxide Fuel Cells (SOFCs) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid Oxide Fuel Cells (SOFCs) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Planar
9.6.2 Thin film
9.6.3 Tubular
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Generators
9.10.2 Aircrafts
9.10.3 Military
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Planar
10.6.2 Thin film
10.6.3 Tubular
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Generators
10.10.2 Aircrafts
10.10.3 Military
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Planar
11.6.2 Thin film
11.6.3 Tubular
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Generators
11.10.2 Aircrafts
11.10.3 Military
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Planar
12.6.2 Thin film
12.6.3 Tubular
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Generators
12.10.2 Aircrafts
12.10.3 Military
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Planar
13.6.2 Thin film
13.6.3 Tubular
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Generators
13.10.2 Aircrafts
13.10.3 Military
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid Oxide Fuel Cells (SOFCs) Market: Competitive Dashboard
14.2 Global Solid Oxide Fuel Cells (SOFCs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adelan
14.3.2 Atrex Energy
14.3.3 Bloom Energy
14.3.4 Ceres Power
14.3.5 Convion
14.3.6 Delphi Automotive
14.3.7 Elcogen
14.3.8 FuelCell Energy
14.3.9 Versa Power Systems
14.3.10 Hexis
14.3.11 Adelan
14.3.12 Nexceris
14.3.13 Protonex Technology
