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SOFC Market Expected to Reach $3.32 Billion by 2018 with a CAGR of 8.7% - Global Trends & Forecast

The report "Solid Oxide Fuel Cell Market by Type (Planar, Tubular, Others), Application (Large Stationary, Small Stationary, Transportation, Portable & Military), Geography - Global Trends & Forecast to 2018", defines and segments the global solid oxide fuel cell market with an analysis and forecast of the revenue. The SOFC market will grow from an estimated $2.19 billion in 2013 to $3.32 billion by 2018, with a CAGR of 8.7%.

Browse 73 market data tables and 54 figures spread through 235 pages and in-depth TOC on “Solid Oxide Fuel Cell Market by Type (Planar, Tubular, Others), Application (Large Stationary, Small Stationary, Transportation, Portable & Military), Geography - Global Trends & Forecast to 2018”

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Asia-Pacific: Largest market for floating production systems 

Asia-Pacific is estimated to be the largest revenue-generating region for Solid Oxide Fuel Cell Market. Japan and South Korea will be the major countries driving the market. SOFCs are also dominating the European and North American markets. In the ROW, different applications are growing, but the growth rate is low due to lesser awareness. These regions contain prospective future markets for SOFC along with some other regions in Asia-Pacific.

Planar SOFC: Biggest market by type 

Planar SOFC is the largest SOFC type used across the globe. Despite having a higher installation cost, it has higher power to area ratio compared to the other types. Planar SOFCs, with their high electrical efficiency and ability to be used in sub mega watt and mega watt applications, are one of the widely used fuel cell systems. Planar SOFC technology can be adapted for all types of applications and it also supports portable and military applications due to its high electrical efficiency.

The solid oxide fuel cell market is also analyzed with respect to Porter's Five Force model. Different market forces such as threat from suppliers, threat from buyers, degree of competition, threat from substitutes, and threat from new entrants, are analyzed with respect to the fuel cell industry. The report also provides a competitive landscape of major market players that includes developments, mergers & acquisition, expansion and investments, agreements and contracts, developments of new technologies, and others. A number of these developments are spotted by key industry players who suggest the growth strategy of these companies as well as that of the overall industry. Some of the key players include companies such as FuelCell Energy (U.S.), Bloom Energy (U.S.), Aisin Seiki Co. Ltd. (Japan), Chofu Seisakusho Co. Ltd. (Japan), Kyocera (Japan) and Ceramic Fuel Cell Ltd. (Australia).

The report classifies and defines the contract value for the solid oxide fuel cell industry. It covers qualitative data for different types of SOFCs. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the market.

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Portable & Military Use: 

The application of SOFCs is growing the fastest in portable and military usage, because of their smaller size and variety of fuels that are used in solid oxide fuel cells. In military applications, SOFCs provide a better and easy way of power compared to traditional power sources.

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