Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 202

Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 2025

The global solid oxide fuel cell market size is projected to reach USD 2,881 million by 2025 from estimated revenue of USD 772 million in 2020, at a CAGR of 30.1% during the forecast period. The key drivers for the solid oxide fuel cell market include government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission norms in Europe & North America leading to demand for clean energy sources.

“Planar segment is expected to dominate the solid oxide fuel cell market”
The planar segment is expected to be the largest market, by type, during the forecast period. The growth is evident owing to the simple geometry and relatively easier construction process. Planar type of solid oxide fuel cells is typically designed in such a way that the ceramic fuel cell modules are arranged one above the other in a sandwich-type design with the electrolyte inserted between the electrodes

“Stationary segment is expected to dominate the solid oxide fuel cell market“
The stationary segment of the market, by application, is estimated to be the largest during the forecast period. The growth of the stationary segment is driven by the increasing focus on hydrogen-powered fuel cells for back-up power. The market for the stationary segment in Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the fact that the governments of South Korea, China, and Japan are highly focusing on utilizing renewable energy and hence opting for utility-scale SOFC power plant.

“North America to lead the global solid oxide fuel cell market in terms of value”
North America is the largest solid oxide fuel cell, followed by Asia Pacific and Europe. The region has been segmented, by country, into US and Canada. US is the largest and fastest growing market in the region. The growth in this country can be attributed to the high demand for fuel cell power generation, as well as increasing research and development for hydrogen generation. In addition, government policies and subsidies, including the Department of Energy’s (DoE’s) Solid State Energy Conversion Alliance (SECA) Program, are the prime driving factors for growth in the US market.

Breakdown of Primaries
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–61%, Tier II–19%, and Tier III–20%
By Designation: C-Level–56%, Director Level–30%, and Others–14%
By Region: Asia Pacific–33%, North America–27%, Europe–20%

Note: Others include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017—Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The global solid oxide fuel cell market is dominated by leading players that have an extensive regional presence. The leading players in the solid oxide fuel cell market include Bloom Energy (US), Ceres Power (UK), Mitsubishi Power (Japan), Aisin Seiki Co (Japan), and Hitachi Zosen (Japan).

Research Coverage:
The report defines, describes, and forecasts the solid oxide fuel cell market, by type, application, end-user, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the solid oxide fuel cell market.

Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global solid oxide fuel cell market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the solid oxide fuel cell market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall solid oxide fuel cell market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
      • SOLID OXIDE FUEL CELL MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
      • SOLID OXIDE FUEL CELL MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS
      • SOLID OXIDE FUEL CELL MARKET, BY END USER: INCLUSIONS & EXCLUSIONS
    • MARKET SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • LIMITATIONS
    • CURRENCY
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • MARKET BREAKDOWN AND DATA TRIANGULATION
      • SECONDARY DATA
      • PRIMARY DATA
    • SCOPE
    • MARKET SIZE ESTIMATION
      • DEMAND SIDE ANALYSIS
      • SUPPLY SIDE ANALYSIS
      • FORECAST
  • EXECUTIVE SUMMARY
    • Table SOLID OXIDE FUEL CELL MARKET: SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN SOLID OXIDE FUEL CELL MARKET
    • SOLID OXIDE FUEL CELL MARKET, BY COUNTRY
    • SOLID OXIDE FUEL CELL MARKET, BY TYPE
    • SOLID OXIDE FUEL CELL MARKET, BY APPLICATION
    • SOLID OXIDE FUEL CELL MARKET, BY END USER
  • MARKET OVERVIEW
    • INTRODUCTION
    • COVID-19 HEALTH ASSESSMENT
    • ROAD TO RECOVERY
    • COVID-19 ECONOMIC ASSESSMENT
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table COMPARISON OF FUEL CELL AND OTHER DISTRIBUTED POWER GENERATION SOURCES
      • CHALLENGES
    • TECHNOLOGICAL ANALYSIS
      • SOLID OXIDE ELECTROLYZER CELL (SOEC):
    • CASE STUDY ANALYSIS
      • IKEA USES FUEL CELL FOR ON-SITE POWER
      • SAMSUNG HEAVY INDUSTRIES PLANS FOR CLEAN POWER SHIPS UNDER JOINT DEVELOPMENT AGREEMENT WITH BLOOM ENERGY
    • VALUE CHAIN ANALYSIS
      • COMPONENT MANUFACTURERS
      • ASSEMBLERS/MANUFACTURERS
      • DISTRIBUTORS (BUYERS)/END USERS
    • INNOVATIONS & PATENT REGISTRATION
    • YC-SHIFT
      • REVENUE SHIFT & NEW REVENUE POCKETS FOR SOFC MANUFACTURERS
    • MARKET MAP
    • REGULATORY LANDSCAPE
      • REGULATORY FRAMEWORK IN NORTH AMERICA
      • REGULATORY FRAMEWORK IN EUROPE
      • REGULATORY FRAMEWORK IN ASIA PACIFIC
    • AVERAGE PRICING OF SOLID OXIDE FUEL CELL
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • INTENSITY OF COMPETITIVE RIVALRY
  • SCENARIO ANALYSIS
    • INTRODUCTION
      • OPTIMISTIC SCENARIO
        • Table OPTIMISTIC SCENARIO: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSAND)
      • REALISTIC SCENARIO
        • Table REALISTIC SCENARIO: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSAND)
      • PESSIMISTIC SCENARIO
        • Table PESSIMISTIC SCENARIO: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSAND)
  • SOLID OXIDE FUEL CELL MARKET, BY TYPE
    • INTRODUCTION
      • Table SOLID OXIDE FUEL CELL MARKET SIZE, BY TYPE, 2018–2025 (USD THOUSAND)
    • PLANAR
      • USE OF SIMPLE GEOMETRY AND RELATIVELY EASIER CONSTRUCTION PROCESS ARE PROPELLING GROWTH OF PLANAR SOFC SEGMENT
        • Table PLANAR MARKET, BY REGION, 2018–2025 (USD THOUSAND)
    • TUBULAR
      • INCREASING RESEARCH AND DEVELOPMENT RELATED TO HIGHEFFICIENCY SOFCS TO DRIVE MARKET GROWTH
        • Table TUBULAR MARKET, BY REGION, 2018–2025 (USD THOUSAND)
  • SOLID OXIDE FUEL CELL MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
    • PORTABLE
      • GROWING NEED FOR ELECTRICITY TO POWER EQUIPMENT IN DEFENCE INDUSTRY AND FOR RECREATIONAL ACTIVITIES TO DRIVE GROWTH OF PORTABLE SEGMENT
        • Table SOLID OXIDE FUEL CELL MARKET FOR PORTABLE APPLICATION, BY REGION, 2018–2025 (USD THOUSAND)
    • STATIONARY
      • INCREASING FOCUS ON HYDROGEN-POWERED FUEL CELLS FOR BACK-UP POWER TO DRIVE MARKET GROWTH FOR STATIONARY FUEL CELLS
        • Table SOLID OXIDE FUEL CELL MARKET FOR STATIONARY APPLICATION, BY REGION, 2018–2025 (USD THOUSAND)
    • TRANSPORT
      • INCREASING FOCUS ON DEVELOPING SOFCS FOR OPERATING HEAVY-DUTY VEHICLES TO DRIVE MARKET GROWTH
        • Table SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT APPLICATION, BY REGION, 2018–2025 (USD THOUSANDS)
  • SOLID OXIDE FUEL CELL MARKET, BY END USER
    • INTRODUCTION
      • Table SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
    • POWER GENERATION
      • INCREASED DEMAND FOR CLEAN ENERGY GENERATION TO DRIVE GROWTH OF POWER GENERATION SEGMENT
        • Table POWER GENERATION SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSAND)
    • AUTOMOTIVE
      • NEED FOR DECREASING VEHICULAR CARBON EMISSION TO DRIVE GROWTH OF AUTOMOTIVE SEGMENT
        • Table AUTOMOTIVE SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSANDS)
    • HYDROGEN GENERATION
      • INCREASED DEMAND FOR HYDROGEN IN SEVERAL REGIONS TO BOOST GROWTH OF SOFC MARKET FOR HYDROGEN GENERATION
        • Table HYDROGEN GENERATION SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSANDS)
    • OTHERS
      • Table OTHERS SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSANDS)
  • SOLID OXIDE FUEL CELL MARKET, BY REGION
    • INTRODUCTION
      • Table SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (MW)
      • Table SOLID OXIDE FUEL CELL MARKET, BY REGION, 2018–2025 (USD THOUSAND)
    • NORTH AMERICA
      • INCREASING DEMAND FOR CLEAN ENERGY GENERATION AND EMPHASIS ON R&D TO DRIVE GROWTH OF NORTH AMERICAN SOFC MARKET
        • Table NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
        • Table NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (MW)
        • Table NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND)
      • US
        • Table US: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table US: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table US: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • CANADA
        • Table CANADA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table CANADA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table CANADA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
    • EUROPE
      • Table EUROPE SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
      • Table EUROPE SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
      • Table EUROPE SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • Table EUROPE SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (MW)
      • Table EUROPE SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND)
      • GERMANY
        • Table GERMANY: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table GERMANY: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table GERMANY: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • UK
        • Table UK: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table UK: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table UK: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • ITALY
        • Table ITALY SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table ITALY: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table ITALY: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • REST OF EUROPE
        • Table REST OF EUROPE SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table REST OF EUROPE: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table REST OF EUROPE: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
    • ASIA PACIFIC
      • Table ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
      • Table ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
      • Table ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • Table ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (MW)
      • Table ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND)
      • JAPAN
        • Table JAPAN: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table JAPAN: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table JAPAN: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • SOUTH KOREA
        • Table SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • CHINA
        • Table CHINA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table CHINA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table CHINA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2018–2025 (USD THOUSAND)
        • Table REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2018–2025 (USD THOUSAND)
        • Table REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2018–2025 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • KEY COMPANY FOCUS AREAS
      • GROWTH STRATEGIES IN SOLID OXIDE FUEL CELL MARKET
    • COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
      • STAR
      • EMERGING LEADER
      • PERVASIVE
      • OTHER PLAYERS
    • COMPETITIVE LEADERSHIP MAPPING OF START-UPS
      • PROGRESSIVE COMPANIES
      • RESPONSIVE COMPANIES
      • STARTING BLOCKS
      • DYNAMIC COMPANIES
    • RANKING OF PLAYERS, 2019
    • REVENUE ANALYSIS OF TOP 5 PLAYERS
    • SOLID OXIDE FUEL CELL REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
    • COMPETITIVE SCENARIO
      • CONTRACTS & AGREEMENTS
      • NEW PRODUCT LAUNCHES
      • INVESTMENTS & EXPANSION
      • MERGERS & ACQUISITIONS
      • PARTNERSHIPS & COLLABORATIONS
  • COMPANY PROFILE
    • AISIN SEIKI
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BLOOM ENERGY
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CERES POWER
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HITACHI ZOSEN
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI POWER
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CONVION FUEL CELLS
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • KYOCERA
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • ELCOGEN
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • SOLIDPOWER
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • SUNFIRE
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • ZTEK CORPORATION
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • H2E POWER
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • WATT FUEL CELL
      • OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • SPECIAL POWER SOURCES
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • UPSTART POWER
    • FUELCELL ENERGY
    • DOOSAN FUEL CELL
    • CUMMINS
    • POSCO ENERGY
    • BOSCH ENGINEERING
    • CMR PROTOTECH
    • AVL
    • ADAPTIVE ENERGY
    • CATATOR
    • ADELAN
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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