Global Solid Oxide Fuel Cell Market is expected to reach 6320 million USD by 2025 – QY research

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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.

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This research report categorizes the China and global Solid Oxide Fuel Cell (SOFC) market by type, end-use industry, and region.

International Manufacturers Covered

    Bloom Energy

    Siemens Energy

    Aisin Seiki

    Mitsubishi Heavy Industries

    Delphi Corp

    GE

    Convion

    FuelCell Energy

    Atrex Energy, Inc

    SOLIDpower

    ZTEK Corporation

    Redox Power Systems

    Ceres

    Elcogen

China Local Manufacturers Covered

    …

 

By Type

    Tubular

    Planar

    Others

 

By Application

    Transportation

    Portable & Military

    Stationary

 

By Region

    United States

    Europe

    Japan

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