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Global Solid Oxide Fuel Cell Market 2016-2020

Global Solid Oxide Fuel Cell Market 2016-2020

About SOFC

An SOFC is a fuel cell that produces electricity through an electrochemical process. SOFCs offer low emissions, long-term stability, high efficiency, and fuel flexibility. The excellent fuel flexibility of the devices permit the use of safe, cheap, and readily available fuels such as hydrocarbons, natural gas, hydrogen, methanol, and syngas. SOFCs, however, require a high operating temperature, usually within the range of 500°C-1,000°C for the activation of the electrolyte. These high operating temperatures lead to mechanical and chemical compatibility issues and result in longer start-up times.

Technavio’s analysts forecast the global SOFC market to grow at a CAGR of 9.78% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global SOFC market for 2015-2020. To calculate the market size, the report considers the revenue generated from the installation of SOFC while shipment is based upon the total MW shipped.

The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • Americas
Technavio's report, Global SOFC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acumentrics
  • Aisin
  • Bloom Energy
  • FuelCell Energy
  • Protonex
  • Redox Power systems.
Other prominent vendors
  • Ceramic Fuel Cells
  • Ceres Power Holdings
  • Delphi
  • GE
  • Kyocera
  • LG Fuel Cell Systems
  • Mitsubishi Heavy Industries
  • Panasonic
  • Toshiba
  • Ultra Electronics AMI
Market driver
  • Advances in technology
  • For a full, detailed list, view our report
Market challenge
  • Competition from alternative technologies
  • For a full, detailed list, view our report
Market trend
  • Reduction in cost
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global SOFC Market 2016-2020Technavio recognizes the following companies as the key players in the Global SOFC Market: Acumentrics, Aisin, Bloom Energy, FuelCell Energy, Protonex and Redox Power systems.Other Prominent Vendors in the market are: Ceramic Fuel Cells, Ceres Power Holdings, Delphi, GE, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Panasonic, Toshiba and Ultra Electronics AMI.Commenting on the report, an analyst from Technavio’s team said: “As SOFC deployments and the size of the systems increase, the capital cost per unit decreases. This reduction in price will greatly influence the acceptance of SOFCs across various end-users, allowing them to be used in a variety of applications. An example to support the above statement has been given below, where we have explained the reduction in costs for CHP Systems as well as APU systems.”According to the report, technological advancements have led to a growth in the usage of SOFCs in various electronics devices. Significant improvements have been made to increase the system energy densities. With the increase in energy density, the lifespan and performance of SOFCs will also increase, enabling the usage of the devices in many portable applications. These advances in technology will enable SOFCs to replace lithium-based batteries for portable applications.Further, the report states that SOFC is a highly competitive market with many manufacturers, both local and international, facing stiff competition from not only other fuel cell manufacturers but also from alternative technologies such as solar energy, other energy storage application such as batteries, and internal combustion engines.

Companies Mentioned

Acumentrics, Aisin, Bloom Energy, FuelCell Energy, Protonex, Redox Power systems, Ceramic Fuel Cells, Ceres Power Holdings, Delphi, GE, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Panasonic, Toshiba, Ultra Electronics AMI.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Table Market overview
    • Technological overview
      • Table Schematic diagram of PEMFC
      • Table Types of SOFCs
      • Table Schematic diagram of SOFC
      • Table Schematic diagram of DMFC
      • Table Schematic diagram of MCFC
      • Table Schematic diagram of PAFC
      • Table Schematic diagram of AFC
      • Table Summary of fuel cell electrolyte types
      • Table Comparison of fuel cell technologies
      • Table Description of fuel cell applications
      • Table Fuel cell applications
    • Market size and forecast
      • Table Global SOFC market 2015-2020 ($ millions)
      • Table Global SOFC market 2015-2020 (MW shipments)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global SOFC market by application 2015
      • Table Global SOFC market by application 2015
    • Global SOFC market by application 2020
      • Table Global SOFC market by application 2020
    • Global SOFC market by application 2015-2020
      • Table Global SOFC market by application 2015-2020
    • Global SOFC market by stationary application
      • Table Global SOFC market by stationary application 2015-2020 ($ millions)
    • Global SOFC market by transportation application
      • Table Global SOFC market by transportation application 2015-2020 ($ millions)
    • Global SOFC market by portable application
      • Table Global SOFC market by portable application 2015-2020 ($ millions)
  • Geographical segmentation
    • Global SOFC market by geography 2015
      • Table Global SOFC market by geography 2015
    • Global SOFC market by geography 2020
      • Table Global SOFC market by geography 2020
    • Global SOFC market by geography 2015-2020
      • Table Global SOFC market by geography 2015-2020
    • SOFC market in Americas
      • Table SOFC market in Americas 2015-2020 ($ millions)
    • SOFC market in EMEA
      • Table SOFC market in EMEA 2015-2020 ($ millions)
      • Table Efficiency resulting from using fuel cell in ene-field scheme
    • SOFC market in APAC
      • Table SOFC in APAC 2015-2020 ($ millions)
      • Table SOFC development road map in Korea
  • Key leading countries
    • Table Japan fuel cell development roadmap
  • Market drivers
    • Table Effect of various gaseous reactants on different fuel cells
    • Table Ene-farm (m-CHP units) sales in Japan 2009-2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table SOFC CHP system cost for 5 kW and 25 kW
    • Table SOFC APU system costs (per net kW)
    • Table Study by the US DOE on hybrid gas turbine fuel cell system in 1998
  • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Acumentrics
    • Aisin
    • Bloom Energy
    • FuelCell Energy
    • Protonex
    • Redox Power systems
  • Appendix
    • List of abbreviations
  • Explore Technavio

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