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Market Research Report
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1081054

Solid Oxide Fuel Cell Market Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 187 Pages | Delivery time: 1-2 business days

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Solid Oxide Fuel Cell Market Current Analysis and Forecast (2021-2027)
Published: May 1, 2022
UnivDatos Market Insights Pvt Ltd
Content info: 187 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The Global Solid oxide fuel cell market was valued at 0.53 billion in 2020 and expected to grow at CAGR of around 20% during the forecast period (2021-2027). The solid oxide fuel cell market is growing at a propelling rate and is expected to have a substantial market demand in the forecasted period as well. A solid oxide fuel cell (SOFC) is an energy converter device that produces electricity through electrochemical conversions. It operates using various energy sources, such as biogas, natural gas, propane hydrogen, and other oxidized hydrocarbons. SOFCs are embedded into power systems to generate continuous energy for various commercial and industrial applications. They are also widely used for operating energy-intensive data centers to improve operational performance and facilitate the real-time backup of the data.

Additionally, various product innovations, such as the development of noiseless and portable SOFCs for military applications, are acting as other growth-inducing factors. Major factors that are driving the SOFC market is the augmented R&D on fuel cell programs as well as government subsidies, fuel flexibility together with growing demand for energy-efficient power generation as well as stringent emission norms is the factor that leads to demand for clean energy sources which in turn motivates the market growth.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO) in 2020. However, Covid-19 had a mixed effect on the fuel cells market. In some countries, like India, project delays were witnessed in the deployment of fuel cells in the transportation and commercial sectors. Also, the demand has been reduced in the residential and commercial end-userr segments due to limited new construction activities and the diversion of available funds by these end-userrs to sustain the pandemic.Bloom Energy, Mitsubishi Power Ltd., Cummins Inc., Ceres, General Electric, FuelCell Energy, Inc., Watt fuel cell corporation, Kyocera Corp., AVL, NGK Spark Plug Co., Ltd. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

"Amongst type, planar segment holds the major share"

Based on type, the solid oxide fuel cell market is bifurcated into planar and tubular. The planar caters to extensive market share in the solid oxide fuel cell market. It is mainly owing to the increasing development of waste incineration facilities across the world. In addition, other factors, such as industrialization and economic development, would also contribute toward MSW generation, which is further expected to influence the growth of the thermal-based solid oxide fuel cell market.

"Amongst applications, stationary segment holds the major share"

Based on application, the solid oxide fuel cell market is classified into portable, stationary, and transport. The stationary segment caters significant market share in the solid oxide fuel cell market. As stationary fuel cells are used for many purposes, including as stationary power units for primary power, backup power, or combined heat and power (CHP). In addition, the growing electricity demand in various industries is expected to accentuate the demand for power back up which would positively influence the demand for stationary solid oxide fuel cells.

"Amongst end-user, commercial and industrial segment holds the major share"

Based on end-user, the solid oxide fuel cell market is segmented into commercial and industrial, data centers defense & military, and residentials. The commercial and industrial sector caters extensive share of the solid oxide fuel cell market. It is mainly owing to the growing demand for clean energy generation on sites that are providing a thrust to the market growth.

"North America represents one of the extensive market shares of global solid oxide fuel cell Market"

For a better understanding of the market dynamics of the global solid oxide fuel cell. North America caters a substantial share in the solid oxide fuel cell market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly attributed to the high demand for fuel cell power generation, as well as increasing research and development for hydrogen generation.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The Global Solid oxide fuel cell market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMEP21796

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Solid Oxide Fuel Cell Market
  • 2.2. Research Methodology of the Solid Oxide Fuel Cell Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Solid Oxide Fuel Cell Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SOLID OXIDE FUEL CELL MARKET COVID-19 IMPACT

6 GLOBAL SOLID OXIDE FUEL CELL MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TYPE

  • 7.1. Planar
  • 7.2. Tubular

8 MARKET INSIGHTS BY APPLICATION

  • 8.1. Portable
  • 8.2. Stationary
  • 8.3. Transport

9 MARKET INSIGHTS BY END-USER

  • 9.1. Commercial & Industrial
  • 9.2. Data Centers
  • 9.3. Military & Defense
  • 9.4. Residentials

10 MARKET INSIGHTS BY REGION

  • 10.1. North America Solid Oxide Fuel Cell Market
    • 10.1.1. United States
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe Solid Oxide Fuel Cell Market
    • 10.2.1. Germany
    • 10.2.2. France
    • 10.2.3. Spain
    • 10.2.4. Italy
    • 10.2.5. United Kingdom
    • 10.2.6. Rest of Europe
  • 10.3. Asia Pacific Solid Oxide Fuel Cell Market
    • 10.3.1. China
    • 10.3.2. India
    • 10.3.3. Australia
    • 10.3.4. Japan
    • 10.3.5. Rest of Asia Pacific

11 Rest Of the World Solid Oxide Fuel Cell Market

12 SOLID OXIDE FUEL CELL MARKET DYNAMICS

  • 12.1. Market Drivers
  • 12.2. Market Challenges
  • 12.3. Impact Analysis

13 SOLID OXIDE FUEL CELL MARKET OPPORTUNITIES

14 SOLID OXIDE FUEL CELL MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

  • 16.1. Demand Side Analysis
  • 16.2. Supply Side Analysis
    • 16.2.1. Top Product Launches
    • 16.2.2. Top Business Partnerships
    • 16.2.3. Top Business Expansions, Investments, and Divestitures
    • 16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

  • 18.1. Competitive Landscape
    • 18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

  • 19.1. Bloom Energy
  • 19.2. Mitsubishi Power Ltd.
  • 19.3. Cummins Inc.
  • 19.4. Ceres
  • 19.5. General Electric
  • 19.6. FuelCell Energy, Inc.
  • 19.7. Watt fuel cell corporation
  • 19.8. Kyocera Corp.
  • 19.9. AVL
  • 19.10. NGK Spark Plug Co., Ltd.

20 DISCLAIMER

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Solid Oxide Fuel Cell Market
  • 2.2. Research Methodology of the Solid Oxide Fuel Cell Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Solid Oxide Fuel Cell Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SOLID OXIDE FUEL CELL MARKET COVID-19 IMPACT

6 GLOBAL SOLID OXIDE FUEL CELL MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TYPE

  • 7.1. Planar
  • 7.2. Tubular

8 MARKET INSIGHTS BY APPLICATION

  • 8.1. Portable
  • 8.2. Stationary
  • 8.3. Transport

9 MARKET INSIGHTS BY END-USER

  • 9.1. Commercial & Industrial
  • 9.2. Data Centers
  • 9.3. Military & Defense
  • 9.4. Residentials

10 MARKET INSIGHTS BY REGION

  • 10.1. North America Solid Oxide Fuel Cell Market
    • 10.1.1. United States
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe Solid Oxide Fuel Cell Market
    • 10.2.1. Germany
    • 10.2.2. France
    • 10.2.3. Spain
    • 10.2.4. Italy
    • 10.2.5. United Kingdom
    • 10.2.6. Rest of Europe
  • 10.3. Asia Pacific Solid Oxide Fuel Cell Market
    • 10.3.1. China
    • 10.3.2. India
    • 10.3.3. Australia
    • 10.3.4. Japan
    • 10.3.5. Rest of Asia Pacific

11 Rest Of the World Solid Oxide Fuel Cell Market

12 SOLID OXIDE FUEL CELL MARKET DYNAMICS

  • 12.1. Market Drivers
  • 12.2. Market Challenges
  • 12.3. Impact Analysis

13 SOLID OXIDE FUEL CELL MARKET OPPORTUNITIES

14 SOLID OXIDE FUEL CELL MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

  • 16.1. Demand Side Analysis
  • 16.2. Supply Side Analysis
    • 16.2.1. Top Product Launches
    • 16.2.2. Top Business Partnerships
    • 16.2.3. Top Business Expansions, Investments, and Divestitures
    • 16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

  • 18.1. Competitive Landscape
    • 18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

  • 19.1. Bloom Energy
  • 19.2. Mitsubishi Power Ltd.
  • 19.3. Cummins Inc.
  • 19.4. Ceres
  • 19.5. General Electric
  • 19.6. FuelCell Energy, Inc.
  • 19.7. Watt fuel cell corporation
  • 19.8. Kyocera Corp.
  • 19.9. AVL
  • 19.10. NGK Spark Plug Co., Ltd.

20 DISCLAIMER