Selbyville, DE -- (SBWire) -- 04/05/2019 --A report on ' SOFC Market' Added by Market Study Report, LLC, features the recent and upcoming growth trends of this business in addition to accurate details related to the myriad geographies that comprise the regional spectrum of the SOFC market. Furthermore, the report elucidates complex details about the supply-demand analysis, industry share, growth statistics and participation of major players in the SOFC market.
A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues.
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This report focuses on the SOFC in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Solid oxide fuel cells are emission free power sources, which run on electrochemical conversion reactions. SOFC use ceramic electrolytes that are hard and non-porous in nature. As the electrolyte is a solid, the cells are not necessarily constructed in a plate-like configuration as seen in other fuel cell types. Electrical efficiency provided is around 50% to 60%. In applications designed to capture and utilize the system's waste heat (cogeneration), the overall fuel use efficiency could top 80% to 85% and operate at very high temperatures of around 1,000?C (1,830?F). The unique properties of solid oxide fuel cell such as portability, long-term stability, easy fuel selection, and emission-free power serve this requirement. These cells have vast applications, with military applications expecting the highest growth. Planar SOFC has been identified to be the dominating fuel cell in the market for its versatility. Asia-Pacific is the leading market for SOFC with Japan and South Korea dominating the region.
What questions does the report answer considering the competitive scope of the SOFC market?
According to the report, what companies fall under the umbrella of the competitive landscape of the SOFC market?
Which among the companies such as Bloom Energy, FuelCell Energy, Aisin Seiki, Siemens Energy, Protonex, LG Fuel Cell Systems, Acumentrics, Delphi Corp, ZTEK Corporation and Redox Power Systems may crop up to be a highly lucrative investment avenue of the SOFC market in the years to come?
What is the market share that every one of these firms accrue in the industry?
What are the products that each of these companies develop?
What are the profit margins as well as the price trends of every company in the SOFC market?
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The overall solid oxide fuel cells market is still in its nascent stage with existence of several untapped applications. The most prominent concern for the industry growth is the high cost of manufacturing and elongated time for charging up. SOFCs are extensively being used for power generation as it acts a clean source of energy. Due to their higher efficiency as compared to other fuel cells, SOFCs stand the most lucrative chance for further development in the coming years. Subsequently, the market has emerged highly dynamic over the period of time. Some of the major companies operating in the market include Bloom Energy,FuelCell Energy, Aisin Seiki, Siemens Energy, Protonex, LG Chem and others.
Categorization on the basis of technology includes tubular, planar and other SOFCs. Planar SOFC have the largest market demand on account of higher power ratio as compared to other SOFCs, despite high installation costs. Planar SOFC has the highest electrical efficiency that allows great potential for applications in military, leading to higher demand in the aforementioned application. Further segmentation on the basis of application includes transportation, military and portable energy purposes, as well as small & large stationery. Major SOFC application lies in military on account of portability and compact nature of these fuel cells. Power output is also higher and easier to achieve than other conventional solar cells, which is expected to positively impact the SOFC growth market during the forecast period.
What questions does the report answer considering the SOFC market segmentation?
The product landscape of the SOFC market is segmented into Planar, Tubular and Other. Which of these product types is slated to procure the maximum revenue in the SOFC market?
How much is the market share of every product type in the industry?
How much is the remuneration as well as the sales estimate of each product segment by the end of the anticipated timeframe?
The application landscape of the SOFC market is segmented into Stationary, Transportation and Portable & Military. Which among these applications is most likely to be a lucrative revenue segment in the SOFC market?
At what value does the market share of every application type in the business stand?
How much is the value that each application is likely to register by the end of the anticipated period?
The SOFC market report, in essence, is a basic research study that projects this business space to amass hefty proceeds by the end of the forecast duration, registering a modest growth rate over the predicted timeline. The report is inclusive of information pertaining to the SOFC market dynamics – say for example, the numerous driving forces impacting the revenue scope of this business. Also, the market dynamics strive to explain the risks prevailing in this industry as well as myriad growth opportunities in this vertical.
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Table of Contents
1 Market Overview
1.1 SOFC Introduction
1.2 Market Analysis by Type
1.2.1 Planar
1.2.2 Tubular
1.2.3 Other
1.3 Market Analysis by Applications
1.3.1 Stationary
1.3.2 Transportation
1.3.3 Portable & Military
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2013-2023)
1.4.3.2 Japan Market States and Outlook (2013-2023)
1.4.3.3 Korea Market States and Outlook (2013-2023)
1.4.3.4 India Market States and Outlook (2013-2023)
1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2013-2023)
1.4.4.2 Egypt Market States and Outlook (2013-2023)
1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)
1.4.4.4 South Africa Market States and Outlook (2013-2023)
1.4.4.5 Nigeria Market States and Outlook (2013-2023)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Bloom Energy
2.1.1 Business Overview
2.1.2 SOFC Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Bloom Energy SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.2 FuelCell Energy
2.2.1 Business Overview
2.2.2 SOFC Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 FuelCell Energy SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.3 Aisin Seiki
2.3.1 Business Overview
2.3.2 SOFC Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Aisin Seiki SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.4 Siemens Energy
2.4.1 Business Overview
2.4.2 SOFC Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Siemens Energy SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.5 Protonex
2.5.1 Business Overview
2.5.2 SOFC Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Protonex SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.6 LG Fuel Cell Systems
2.6.1 Business Overview
2.6.2 SOFC Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 LG Fuel Cell Systems SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.7 Acumentrics
2.7.1 Business Overview
2.7.2 SOFC Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Acumentrics SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.8 Delphi Corp
2.8.1 Business Overview
2.8.2 SOFC Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 Delphi Corp SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.9 ZTEK Corporation
2.9.1 Business Overview
2.9.2 SOFC Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 ZTEK Corporation SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.10 Redox Power Systems
2.10.1 Business Overview
2.10.2 SOFC Type and Applications
2.10.2.1 Product A
2.10.2.2 Product B
2.10.3 Redox Power Systems SOFC Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global SOFC Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
3.1 Global SOFC Sales and Market Share by Manufacturer (2016-2017)
3.2 Global SOFC Revenue and Market Share by Manufacturer (2016-2017)
3.3 Market Concentration Rate
3.3.1 Top 3 SOFC Manufacturer Market Share in 2017
3.3.2 Top 6 SOFC Manufacturer Market Share in 2017
3.4 Market Competition Trend
4 Global SOFC Market Analysis by Regions
4.1 Global SOFC Sales, Revenue and Market Share by Regions
4.1.1 Global SOFC Sales and Market Share by Regions (2013-2018)
4.1.2 Global SOFC Revenue and Market Share by Regions (2013-2018)
4.2 North America SOFC Sales and Growth Rate (2013-2018)
4.3 Europe SOFC Sales and Growth Rate (2013-2018)
4.4 Asia-Pacific SOFC Sales and Growth Rate (2013-2018)
4.5 South America SOFC Sales and Growth Rate (2013-2018)
4.6 Middle East and Africa SOFC Sales and Growth Rate (2013-2018)
5 North America SOFC by Countries
5.1 North America SOFC Sales, Revenue and Market Share by Countries
5.1.1 North America SOFC Sales and Market Share by Countries (2013-2018)
5.1.2 North America SOFC Revenue and Market Share by Countries (2013-2018)
5.2 United States SOFC Sales and Growth Rate (2013-2018)
5.3 Canada SOFC Sales and Growth Rate (2013-2018)
5.4 Mexico SOFC Sales and Growth Rate (2013-2018)
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SOFC Market Emerging Growth by Bloom Energy, FuelCell Energy, Aisin Seiki, Siemens Energy, Protonex, Acumentrics, Delphi Corp, ZTEK Corporation and Redox Power Systems
A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues.