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.
Market Analysis and Insights: Global SOFC and SOEC Market
The global SOFC and SOEC market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global SOFC and SOEC Scope and Market Size
The global SOFC and SOEC market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global SOFC and SOEC market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Tubular
Planar
Others
Segment by Application
Transportation
Portable & Military
Stationary
The SOFC and SOEC market is analysed and market size information is provided by regions (countries). Segment by Application, the SOFC and SOEC market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
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
Hoganas
Fiaxel
mPower
OxEon Energy
Sunfire GmbH
Fraunhofer IKTS
Summary:
Get latest Market Research Reports on SOFC and SOEC. Industry analysis & Market Report on SOFC and SOEC is a syndicated market report, published as Global SOFC and SOEC Sales Market Report 2021. It is complete Research Study and Industry Analysis of SOFC and SOEC market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.