Worldwide market for solid oxide fuel
cells (SOFC) is forecasted to reach $530 million at the compounded
annual growth rate of 6.9% from 2011 to 2016. This growth in solid oxide
fuel cells industry is expected as a result of its better efficiency
and cost effective nature. These types of fuel cells are mainly used in
stationary, mobile, and portable applications. Development in
technology is also helping in growth of this industry.
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Solid oxide fuel cells play vital part
in securing energy security for the country, improving environment,
reducing urban pollution, and creating jobs in manufacturing industry.
This technology also provides cost effective and performance driven
solution over other competitor fuel cell technologies, batteries,
internal combustion engines, and coal or oil fired head engines.
Fuel cells are used in variety of
applications for auxiliary power, mobile power, central or distributed
power, and portable product power. These cells are among the first most
energy efficient and cost effective cell types. Although high operating
temperature limits the range of applications, these cells are used in
numerous communication applications. Improvements in fuel cell
technology have made it possible for these cells to be used in number of
applications; however, such improvement is revealing even more
challenges to be met.
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Market Segmentation
- Planar Solid Oxide Fuel Cell
- Thin Film Solid Oxide Fuel Cell
- Tubular Solid Oxide Fuel Cell
Based on Applications
- Generators, Remote Power, And Auxiliary Power
- Generators And Portable Power Plants
- Recreational Vehicle Power
- Anti-Idling APUs
- Aircraft APUs
- Marine Vessel APUs
- Portable Products
- Military
- Exotic
This research report analyzes this
market based on its market segments and major geographies. This report
provides comprehensive analysis of current market trends, market growth
drivers, factors limiting market growth, market structure, and market
projections for upcoming years. Report also provides analysis of recent
developments in technology, Porter’s five force model, and complete
company profiles of top industry players. It includes review of micro
and macro factors significant with respect to existing market players
and new entrants with value chain analysis.
Major geographies analyzed under this research report include North America, Asia Pacific, Europe, and Rest of the World.
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Major Players
Some of the key players dominating
this market are Adaptive Materials Inc., Advanced Materials
Technologies, Altair Nanotechnologies Inc., The Babcock & Wilcox
Co., Chevron Technology, Cummins Power Generation Inc., Edison Electric
Institute, Hosokawa Powder Technology, Kansai Electric Power Co. Inc.,
Nippon Shokubai Co. Ltd., Rolls-Royce Fuel Cell Systems Ltd, Siemens
Power Generation Inc., Tokyo Gas Co. Ltd., Watt Fuel Cell Corp., and
others.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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