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City of Industry, CA -- (SBWIRE) -- 07/14/2018 -- This report studies the global Solid Oxide Fuel Cell (SOFC) industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.This report studies the Solid Oxide Fuel Cell (SOFC) market, from angles of players, regions, product types and end industries, to analyze the status and the future.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.
The global Solid Oxide Fuel Cell (SOFC) market is valued at 2950 million USD in 2017 and is expected to reach 6320 million USD by the end of 2025, growing at a CAGR of 10.0% between 2018 and 2025.This research report categorizes the China and global Solid Oxide Fuel Cell (SOFC) market by type, end-use industry, and region.
International Manufacturers Covered
Mitsubishi Heavy Industries
Atrex Energy, Inc
Redox Power Systems
China Local Manufacturers Covered
Portable & Military
The study objectives of this report are:To analyze and study the ways and market feasibility to enter China market, for the international manufacturers manufacturing or selling products in China.To study and forecast the market size (volume and value) of Solid Oxide Fuel Cell (SOFC) in China and global market.
Focuses on the China local manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis, value and China market share for top local manufacturers.To analyze the international manufacturers, SWOT analysis, volume, value and global market share for top manufacturers.To define, describe and forecast the market by type, application and region.To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan and other Regions like Korea, Taiwan, India, Southeast Asia etc.
To analyze the China market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Solid Oxide Fuel Cell (SOFC) are as follows:History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:Regional and country-level analysis of the Solid Oxide Fuel Cell (SOFC) market, by end-use.
Detailed analysis and profiles of additional market players.
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