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Market Research Report

Solid Oxide Fuel Cells (SOFCs)

Published by Global Industry Analysts, Inc. Product code 138688
Published Content info 101 Pages
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Solid Oxide Fuel Cells (SOFCs)
Published: February 1, 2020 Content info: 101 Pages
Description

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

Table of Contents
Product Code: MCP-1819

TABLE OF CONTENTS

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
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