Global Solid Oxide Fuel Cell Market to grow at a CAGR of 9.78% during the period 2016 - 2020; Finds New Report

Report forecast the global SOFC market to grow at a CAGR of 9.78% during the period 2016-2020.

An SOFC is a fuel cell that produces electricity through an electrochemical process. SOFCs offer low emissions, long-term stability, high efficiency, and fuel flexibility. The excellent fuel flexibility of the devices permit the use of safe, cheap, and readily available fuels such as hydrocarbons, natural gas, hydrogen, methanol, and syngas. SOFCs, however, require a high operating temperature, usually within the range of 500°C-1,000°C for the activation of the electrolyte. These high operating temperatures lead to mechanical and chemical compatibility issues and result in longer start-up times.

The report covers the present scenario and the growth prospects of the global SOFC market for 2015-2020. To calculate the market size, the report considers the revenue generated from the installation of SOFC while shipment is based upon the total MW shipped.

The market is divided into the following segments based on geography:

• APAC
• EMEA
• Americas

According to the report, technological advancements have led to a growth in the usage of SOFCs in various electronics devices. Significant improvements have been made to increase the system energy densities. With the increase in energy density, the lifespan and performance of SOFCs will also increase, enabling the usage of the devices in many portable applications. These advances in technology will enable SOFCs to replace lithium-based batteries for portable applications.

Further, the report states that SOFC is a highly competitive market with many manufacturers, both local and international, facing stiff competition from not only other fuel cell manufacturers but also from alternative technologies such as solar energy, other energy storage application such as batteries, and internal combustion engines.

Global SOFC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global SOFC Market: Acumentrics, Aisin, Bloom Energy, FuelCell Energy, Protonex and Redox Power systems.

Other Prominent Vendors in the market are: Ceramic Fuel Cells, Ceres Power Holdings, Delphi, GE, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Panasonic, Toshiba and Ultra Electronics AMI.

Market driver

• Advances in technology
• For a full, detailed list, view our report

Market challenge

• Competition from alternative technologies
• For a full, detailed list, view our report

Market trend

• Reduction in cost
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 38 Exhibit “Global Solid Oxide Fuel Cell Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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