COVID19 Impact On SOFC Market with Global Countries Data, 2020 | Worldwide Industry Share, Market Size & Growth, Gross Margin, Trend, Future Demand, Analysis by Top Leading Player and Forecast Till 2025
SOFC Market Analysis in Power & Energy Sector report 2020-2025 discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. And also Future Demand, Top Players, Platform, End - User, Opportunities, In-Depth Qualitative Insights, Revenue and Growth Global Opportunity Analysis and Industry Forecast 2025
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Market Analysis and Insights:
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.
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 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.
The global SOFC market was valued at Million USD in 2018 and will reach Million USD by the end of 2025, growing at a CAGR of Percentage during 2020-2025.
This report focuses on SOFC volume and value at global level, regional level and company level. From a global perspective, this report represents overall SOFC market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of SOFC in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their SOFC manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
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Global SOFC Market: Manufacturers Segment Analysis (Company and Product introduction, SOFC Sales Volume, Revenue, Price and Gross Margin):
- Bloom Energy
- FuelCell Energy
- Aisin Seiki
- Siemens Energy
- Protonex
- LG Fuel Cell Systems
- Acumentrics
- Delphi Corp
- ZTEK Corporation
- Redox Power Systems
Based on product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into: -
- Planar
- Tubular
- Other
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including: -
- Stationary
- Transportation
- Portable & Military
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Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the SOFC market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2025. These analyses will help the reader to understand the potential worth of investment in a particular region.
In this SOFC Market Analysis, the years considered to estimate the SOFC market size are as follows:
- History Year: 2014-2019
- Base Year: 2020
- Estimated Year: 2020
- Forecast Year 2020 to 2025
Target Audience:
- SOFC Equipment and Technology Providers
- Traders, Importers, and Exporters
- Raw Material Suppliers and Distributors
- Research and Consulting Firms
- Government and Research Organizations
- Associations and Industry Bodies.
The study objectives of this report are:
- To analyze global SOFC status, future forecast, growth opportunity, SOFC market Trend and key players.
- To present the SOFC development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the SOFC market Growth by product type, market and key regions.
For More Table of Contents of SOFC market Forecast 2020-2025
Research Methodology:
Primary Research:
The primary sources involve the industry experts from the Global SOFC industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global SOFC industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology-oriented perspectives.
SOFC Market Table of Content 2020-2025:
Part 1 Industry Overview
1.1 SOFC Industry
1.1.1 SOFC Market Development
1.1.2 Terminology Definition in the Report
1.1.2.1 SOFC Market Demand
1.1.2.2 Ex-factory Price & Sales Price
1.1.2.3 Cost
1.1.2.4 Gross Margin
1.3 Industry Chain
1.4 Industry Dynamics & Regulations
1.5 Global SOFC Market Overview
Part 2 Upstream & Production
2.1 Raw Materials / Components
2.2 Procurement Methods & Channels
2.3 SOFC Market Cost Structure & Manufacturing
2.4 Industry Capacity
2.5 Production Distribution by Geography
2.5.1 Production in Major Regions / Countries
2.5.2 Trade Flow Overview
Part 3 Market Subdivision
3.1 Regional Production
3.2 Regional Demand
3.2.1 Demand by Type
3.2.2 Demand by Application
3.2.3 Additives Demand by Region
Part 4 Key Companies List
4.1 Company Information
4.1 Products & Services
4.1 Business Operation
Part 5 Company Competition
5.1 SOFC Market by Company
5.2 SOFC Market Price & Gross Margin
5.3 SWOT Analysis … And other
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