Market Research Report

Global Solid Oxide Fuel Cell Market Report By Type (Planar, Tubular) By Application (Portable, Stationary, Transport) By End User (Power Generation, Automotive, Hydrogen Generation, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028

ID:VMR11215635
August 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Solid Oxide Fuel Cell Market Overview 
 
The key drivers impacting the solid oxide fuel cell market are government subsidies and increased R&D on fuel cell programs. For instance, in 2020, the U.S. Department of Energy (DOE) declared $33 million in grants to encourage innovative hydrogen and fuel cell research & development (R&D), strengthen the infrastructure of supply chain development and validation, and cost analysis activities to reduce the cost of hydrogen production. The Indian Department of Science and Technology initiated the Hydrogen and Fuel Cell program in the year 2009. It is majorly focused on expanding transformational technologies that reduce the cost of hydrogen distribution, production & Storage, develop the feedstock available for economic hydrogen production, improve the power grid flexibility, and minimize emissions through novel usage of low-cost hydrogen. Moreover, the stringent emission norms in Europe & North America leading to demand for clean energy sources contributes to solid oxide fuel cell market demand in the coming years.
According to Value Market Research, the global solid oxide fuel cell market size was valued at about USD 770 million in 2020 and is estimated to grow at a CAGR of around 31% during the forecast period 2021 to 2027

The growing demand for clean energy over concerns of the environmental impact of energy generation from traditional sources like natural gas and coal will likely augment the need for the solid oxide fuel cell in the forecast period. However, high fuel cell installation and manufacturing costs hamper the market in the long run. In addition, the development of other types of fuel cells impedes the market growth. Nevertheless, the market trends, rising adoption by end-users in data centers and the military sector might provide huge market opportunities to the market's key players.

The solid oxide fuel cell market is large, with many global and regional level players. The market leaders follow various strategies to strengthen their market, such as investment in projects to expand, extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players in the report are Bloom Energy Corp., DuPont de Nemours, Inc., Sunfire GmbH, Mitsubishi Hitachi Power Systems, Ltd., Sunfire GmbH, Elcogen AS, Ceres Power Holdings plc, Elcogen AS.

Global Solid Oxide Fuel Cell Market Share
In this research report, the solid oxide fuel cell market is segmented by type, application, end-user and region.

Analysis by Type:
By type, the report is segmented into planar and tubular. The planar segment dominates the type segment with the highest share in 2020. It is due to the simple geometry and moderately easier construction process. Moreover, it is the most commonly used type for solid oxide fuel cells, contributing to the planar segment's growth in the forecast period.

Analysis by Application:
By application, the report is segmented into portable, stationary, and transport. The stationary segment dominates with the highest market share in 2020. It is due to the rising focus on hydrogen-powered fuel cells for backup power. Moreover, the governments of South Korea, China, and Japan are highly focusing on utilizing renewable energy, and therefore opting for utility-scale SOFC power plants contributed to the growth of the stationary segment in the coming years.
 
Analysis by End-user: 
By End-use, the report is categorized into power generation, automotive, hydrogen generation, and others. The power generation segment dominates the end-user segment with the highest market share of 46%. It is due to the increased demand for clean energy generation. Moreover, the high dominance of bloom energy in the SOFC market, where it offers distributed power generation solutions chiefly in the US, and other countries, such as India, South Korea, and Japan, contributes to the growth of the power generation segment.
 
Analysis by Region:  
In the regional outlook of the global solid oxide fuel cell market, the North America region dominates with the highest market share of 42% in 2020. It is due to the high demand for fuel cell power generation and increasing research and development for hydrogen generation. Moreover, favorable and supportive government subsidies and policies, including the Department of Energy’s (DoE’s) Solid State Energy Conversion Alliance (SECA) Program, contribute to the tremendous market growth across North America.
 
Market Segmentation covered in the Report:
By Type:
  • Planar
  • Tubular

By Application:
  • Portable
  • Stationary
  • Transport

By End User:
  • Power Generation
  • Automotive
  • Hydrogen Generation
  • Others

By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.                          

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SOLID OXIDE FUEL CELL – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By End User
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Planar Market by Regions
       6.5 Tubular Market by Regions
 
7 . GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Portable Market by Regions
       7.5 Stationary Market by Regions
       7.6 Transport Market by Regions
 
8 . GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS BY END USER
       8.1 Overview by End User
       8.2 Historical and Forecast Data
       8.3 Analysis by End User
       8.4 Power Generation Market by Regions
       8.5 Automotive Market by Regions
       8.6 Hydrogen Generation Market by Regions
       8.7 Others Market by Regions
 
9 . GLOBAL SOLID OXIDE FUEL CELL MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data 
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data 
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data 
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data 
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data 
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE SOLID OXIDE FUEL CELL COMPANIES
       10.1. Solid Oxide Fuel Cell Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF SOLID OXIDE FUEL CELL INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Bloom Energy Corp. 
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. DuPont de Nemours Inc. 
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Sunfire GmbH 
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Mitsubishi Hitachi Power Systems Ltd. 
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Sunfire GmbH 
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Elcogen AS 
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. Ceres Power Holdings plc 
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. Elcogen AS.
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Planar Market by Geography (USD MN)
  •  Tubular Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Portable Market by Geography (USD MN)
  •  Stationary Market by Geography (USD MN)
  •  Transport Market by Geography (USD MN)
  •  Analysis by End User (USD MN)
  •  Power Generation Market by Geography (USD MN)
  •  Automotive Market by Geography (USD MN)
  •  Hydrogen Generation Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Solid Oxide Fuel Cell Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Solid Oxide Fuel Cell Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Solid Oxide Fuel Cell Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by End User
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Planar Market by Geography (USD MN)
  •  Tubular Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Portable Market by Geography (USD MN)
  •  Stationary Market by Geography (USD MN)
  •  Transport Market by Geography (USD MN)
  •  Global Market Analysis by End User (USD MN)
  •  Power Generation Market by Geography (USD MN)
  •  Automotive Market by Geography (USD MN)
  •  Hydrogen Generation Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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