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Solid Oxide Fuel Cell Market Professional Outlook, Growth Insights 2018 to 2025
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Posted: Mar 15, 2019
The solid oxide fuel cell market is expected to grow at a CAGR of 13.88% from 2017 to 2025, to reach a market size of USD 1,140.6 million by 2025. Government subsidies and fuel cell programs, increasing demand for efficient power generation, and stringent emission norms in the US and Europe are the major factors driving the growth of solid oxide fuel cell market.
The solid oxide fuel cell market is dominated by a few global players that are established brand names with a wide regional presence. The key players in this market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), and Atrex Energy (US).
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Scope of the Solid Oxide Fuel Cell Market Report:
- By Type
- Planar
- Tubular
- By Application
- Power Generation
- Combined Heat & Power
- Military
- By End-Use
- Data Centers
- Commercial & Retail
- Portable & Unmanned Systems
- Telecom Towers
- Residential
- Auxiliary Power Unit
- By Region
- North America
- Asia Pacific
- Europe
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Major strategies adopted by the players in the solid oxide fuel cell market over the period 2014 to 2017 (September) included contracts & agreements, joint ventures and collaborations, mergers & acquisitions, strategic alliances, and expansions and partnerships, of which contracts & agreements was the most widely used. The second most preferred strategy was joint ventures and collaborations, which included a joint venture between Bloom Energy and SoftBank (Japan) to commercialize SOFC products in Japan.
This study estimates the global market for solid oxide fuel cells, in terms of USD and kW, till 2025. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the solid oxide fuel cell market.
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Target Audience:
- Solid oxide fuel cell manufacturers, dealers, and suppliers
- Government and research organizations
- Transmission and distribution utilities
- State and national regulatory authorities
- Consulting companies in the energy and power sector
- Environmental research institutes
- Investment firms
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues
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