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Planar Solid Oxide Fuel Cell - Global Market Outlook (2020-2028)

Planar Solid Oxide Fuel Cell - Global Market Outlook (2020-2028)

4.9 (68 reviews)
Published: May 2021 ID: SMRC20569
4.9 (68 reviews)
Published: May 2021 ID: SMRC20569

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Planar Solid Oxide Fuel Cell Market is accounted for $715.56 million in 2020 and is expected to reach $1,970.68 million by 2028 growing at a CAGR of 13.5% during the forecast period. Some of the key factors propelling the market growth include wide variety of fuel compatibility makes them more versatile systems for power generation, highest conversion efficiency enables faster return on investments, suitable for wide variety of applications, and biomass utilization makes them highly lucrative technology. However, longer start-up time and high capital investment are restricting the market growth.

 

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Planar solid oxide fuel cell (SOFC) is a flat, thin ceramic plate that converts the chemical energy of a fuel into electricity with least amount emissions. It offers a clean, low-pollution technology to electrochemically generate electricity at high efficiencies, since their efficiencies are not limited by the Carnot cycle of a heat engine. These fuel cell technologies have many advantages over traditional energy conversion systems including high efficiency, consistency, modularity, fuel compliance, and very low levels of NOx and SOx emissions.

By application, stationary segment is expected to register significant growth rate in the planar solid oxide fuel cell market during the forecast period. Stationary power includes any application in which the fuel cells are operated at a fixed location, such as large-scale systems for prime power, backup power or combined heat and power and small systems for micro-combined heat and power (m-CHP) for residential and commercial operations. Fuel cells provide reliable backup power for telecommunications networks, which, in many cases, are located in remote areas, without developed power infrastructure, owing to which the demand for stationary SOFCs is expected to increase.

Based on the geography, the Asia Pacific region is projected to be the fastest-growing market for spray drying equipment, owing to increasing demand for the product from the automotive industry, in countries including India, Indonesia, and Thailand. In addition to this, the expansion of several other end-use industries in the developing nations of the region is expected to augment the growth of the regional market. Japan is leading in the region with vast applications of fuel cells, ranging from backup services for data centers, combined heat and power for homes, and many more. This is expected to provide a significant market growth for planar solid oxide fuel cell market. China has also witnessed a rise in its hyper-scale platforms, owing to which providing data center services for Chinese hyper-scale platforms have become necessary.

Some of the key players in Planar Solid Oxide Fuel Cell Market include Accumentrics Corporation, Bloom Energy Corporation, Fuel Cell Energy, Ceramic Fuel Cells Limited, Watt Fuel Cell Corporation, Ultra Electronics, Ceres Power Holdings PLC., Protonex Technology Corporation, Aisin Seiki Corporation Limited, Delphi, SOFC Power S.P.A., Staxera Sunfire Gmbh, Topsoe Fuel Cell, Convion Fuel Cells Ltd., Hexis AG, Ballard Power Systems Inc., and Chevron Corporation.
 
Components Covered:
• Manifolds
• Seals
• Flat Planar Solid Oxide Fuel Cell (SOFC)
• Separator Plates

Sales Channels Covered:
• Distributor
• Direct Sales

Applications Covered:
• Stationary
• Portable
• Transportation
• Unrelieved
• Traffic
• Military

End Users Covered:
• Data Centers
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China        
o India       
o Australia       
o New Zealand 
o South Korea        
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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