New York, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Solid Oxide Fuel Cells (SOFCs) Industry" - https://www.reportlinker.com/p04838501/?utm_source=GNW
4 Billion by 2027, growing at a CAGR of 22% over the analysis period 2020-2027. Remote Power & Auxiliary Power Units (APUs), one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Combined Heat & Power (CHP) segment is readjusted to a revised 18.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $250.1 Million, While China is Forecast to Grow at 21.6% CAGR
The Solid Oxide Fuel Cells (SOFCs) market in the U.S. is estimated at US$250.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$589.6 Million by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.6% and 18.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR.
Other Applications Segment to Record 25.3% CAGR
In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$210.5 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$396.6 Million by the year 2027.We bring years of research experience to this 18th edition of our report. The 122-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Adelan Ltd.
- Atrex Energy Inc.
- Bloom Energy Corporation
- Ceramic Fuel Cells Limited
- Ceres Power Limited
- Convion Ltd.
- Elcogen AS
- FuelCell Energy, Inc.
- Hexis AG
- SOLIDpower S.p.A.
- Sunfire GmbH
- Ultra Electronics Holdings Plc
Read the full report: https://www.reportlinker.com/p04838501/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Fuel Cells - A Rudimentary Overview
Recent Market Activity
Solid Oxide Fuel Cells - A Curtain Raiser
Current and Future Analysis
Collaborative Effort - Key to Successful Commercialization
Present Levels of Commercialization
Global Competitor Market Shares
Solid Oxide Fuel Cells (SOFCs) Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Adelan Ltd. (UK)
Atrex Energy, Inc. (USA)
Bloom Energy Corporation (USA)
Ceramic Fuel Cells Limited (Australia)
Ceres Power Limited (UK)
Convion Ltd. (Finland)
Elcogen AS (Estonia)
FuelCell Energy, Inc. (USA)
Hexis AG (Switzerland)
SOLIDpower S.p.A. (Italy)
Sunfire GmbH (Germany)
Ultra Electronics Holdings Plc (UK)
3. MARKET TRENDS & DRIVERS
SOFCs Takes on Competition from Market Leader PEMFC Head-On
Growing Focus on Environmental Protection to Drive Adoption of
SOFCs in Power & Transportation Sector
Growing Demand for Electricity Driving Demand for SOFCs in
Power Sector
SOFCs Gather Momentum in Stationary Cogeneration/CHP Deployments
SOFCs: Ideal for Distributed Power Generation
Growing Focus on Renewable Energy to Add to Market Demand for
SOFCs
Positive Outlook for Fuel Cell Integrated Residential CHPs
Efforts in Full Swing to Make SOFC a Mainstream Technology for
APU in Automobiles
Factors Indicating Potential Opportunity for SOFCs in Heavy-
Duty Trucks and Refrigerated Transport Vehicles
Opportunities in Military & Defense Sector
SOFCs Make Perfect Sense for Mobile Networks
The Role of the Government in Driving the Market?s Future
Favorable Government Policies Remain Critical to Success
Investments Pour In, Promising to Expand the Industry?s Scope
Planar SOFC Remains the Dominant SOFC Technology in the Market
SOFCs: A Technology of Interest to Developed Countries
Japan - A Unique Case of Environment Driven and Energy Driven
Market
Developing Nations Set to Follow Developed Markets in Adoption
of SOFCs
China on the Verge of a Fuel Cell Boom
Technological Developments Widen Scope of Applications for SOFCs
Technological Innovations Promise to Revolutionize SOFC
Manufacturing
Nano Coatings Emerge as Means to Enhance Durability of SOFC
SOFC Demand Not Disruptive to Supplies of Rare Earth Elements
Conventional Power Companies Vie for the SOFC Pie
4. GLOBAL MARKET PERSPECTIVE
Table 1: Solid Oxide Fuel Cells (SOFCs) Global Market Estimates
and Forecasts in US$ Thousand by Region/Country: 2020-2027
Table 2: Solid Oxide Fuel Cells (SOFCs) Global Retrospective
Market Scenario in US$ Thousand by Region/Country: 2012-2019
Table 3: Solid Oxide Fuel Cells (SOFCs) Market Share Shift
across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Table 4: Remote Power & Auxiliary Power Units (APUs)
(Application) Global Opportunity Assessment in US$ Thousand by
Region/Country: 2020-2027
Table 5: Remote Power & Auxiliary Power Units (APUs)
(Application) Historic Sales Analysis in US$ Thousand by
Region/Country: 2012-2019
Table 6: Remote Power & Auxiliary Power Units (APUs)
(Application) Percentage Share Breakdown of Global Sales by
Region/Country: 2012 VS 2020 VS 2027
Table 7: Combined Heat & Power (CHP) (Application) Worldwide
Sales in US$ Thousand by Region/Country: 2020-2027
Table 8: Combined Heat & Power (CHP) (Application) Historic
Demand Patterns in US$ Thousand by Region/Country: 2012-2019
Table 9: Combined Heat & Power (CHP) (Application) Market Share
Shift across Key Geographies: 2012 VS 2020 VS 2027
Table 10: Other Applications (Application) Global Market
Estimates & Forecasts in US$ Thousand by Region/Country:
2020-2027
Table 11: Other Applications (Application) Retrospective Demand
Analysis in US$ Thousand by Region/Country: 2012-2019
Table 12: Other Applications (Application) Market Share
Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Solid Oxide Fuel Cells (SOFCs) Market Share (in %) by
Company: 2020 & 2025
Market Analytics
Table 13: United States Solid Oxide Fuel Cells (SOFCs) Latent
Demand Forecasts in US$ Thousand by Application: 2020 to 2027
Table 14: Solid Oxide Fuel Cells (SOFCs) Historic Demand
Patterns in the United States by Application in US$ Thousand
for 2012-2019
Table 15: Solid Oxide Fuel Cells (SOFCs) Market Share Breakdown
in the United States by Application: 2012 VS 2020 VS 2027
CANADA
Table 16: Canadian Solid Oxide Fuel Cells (SOFCs) Market
Quantitative Demand Analysis in US$ Thousand by Application:
2020 to 2027
Table 17: Solid Oxide Fuel Cells (SOFCs) Market in Canada:
Summarization of Historic Demand Patterns in US$ Thousand by
Application for 2012-2019
Table 18: Canadian Solid Oxide Fuel Cells (SOFCs) Market Share
Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
Table 19: Japanese Demand Estimates and Forecasts for Solid
Oxide Fuel Cells (SOFCs) in US$ Thousand by Application: 2020
to 2027
Table 20: Japanese Solid Oxide Fuel Cells (SOFCs) Market in US$
Thousand by Application: 2012-2019
Table 21: Solid Oxide Fuel Cells (SOFCs) Market Share Shift in
Japan by Application: 2012 VS 2020 VS 2027
CHINA
Table 22: Chinese Demand for Solid Oxide Fuel Cells (SOFCs) in
US$ Thousand by Application: 2020 to 2027
Table 23: Solid Oxide Fuel Cells (SOFCs) Market Review in China
in US$ Thousand by Application: 2012-2019
Table 24: Chinese Solid Oxide Fuel Cells (SOFCs) Market Share
Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Solid Oxide Fuel Cells (SOFCs) Market: Competitor
Market Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 25: European Solid Oxide Fuel Cells (SOFCs) Market Demand
Scenario in US$ Thousand by Region/Country: 2020-2027
Table 26: Solid Oxide Fuel Cells (SOFCs) Market in Europe:
A Historic Market Perspective in US$ Thousand by Region/Country
for the Period 2012-2019
Table 27: European Solid Oxide Fuel Cells (SOFCs) Market Share
Shift by Region/Country: 2012 VS 2020 VS 2027
Table 28: European Solid Oxide Fuel Cells (SOFCs) Addressable
Market Opportunity in US$ Thousand by Application: 2020-2027
Table 29: Solid Oxide Fuel Cells (SOFCs) Market in Europe:
Summarization of Historic Demand in US$ Thousand by Application
for the Period 2012-2019
Table 30: European Solid Oxide Fuel Cells (SOFCs) Market Share
Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
Table 31: Solid Oxide Fuel Cells (SOFCs) Quantitative Demand
Analysis in France in US$ Thousand by Application: 2020-2027
Table 32: French Solid Oxide Fuel Cells (SOFCs) Historic Market
Review in US$ Thousand by Application: 2012-2019
Table 33: French Solid Oxide Fuel Cells (SOFCs) Market Share
Analysis: A 17-Year Perspective by Application for 2012, 2020,
and 2027
GERMANY
Table 34: Solid Oxide Fuel Cells (SOFCs) Market in Germany:
Annual Sales Estimates and Forecasts in US$ Thousand by
Application for the Period 2020-2027
Table 35: German Solid Oxide Fuel Cells (SOFCs) Market in
Retrospect in US$ Thousand by Application: 2012-2019
Table 36: Solid Oxide Fuel Cells (SOFCs) Market Share
Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
Table 37: Italian Demand for Solid Oxide Fuel Cells (SOFCs) in
US$ Thousand by Application: 2020 to 2027 Table 38: Solid Oxide
Fuel Cells (SOFCs) Market Review in Italy in US$ Thousand by
Application: 2012-2019
Table 39: Italian Solid Oxide Fuel Cells (SOFCs) Market Share
Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
Table 40: United Kingdom Demand Estimates and Forecasts for
Solid Oxide Fuel Cells (SOFCs) in US$ Thousand by Application:
2020 to 2027
Table 41: United Kingdom Solid Oxide Fuel Cells (SOFCs) Market
in US$ Thousand by Application: 2012-2019
Table 42: Solid Oxide Fuel Cells (SOFCs) Market Share Shift in
the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
Table 43: Rest of Europe Solid Oxide Fuel Cells (SOFCs)
Addressable Market Opportunity in US$ Thousand by Application:
2020-2027
Table 44: Solid Oxide Fuel Cells (SOFCs) Market in Rest of
Europe: Summarization of Historic Demand in US$ Thousand by
Application for the Period 2012-2019
Table 45: Rest of Europe Solid Oxide Fuel Cells (SOFCs) Market
Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
Table 46: Solid Oxide Fuel Cells (SOFCs) Quantitative Demand
Analysis in Asia-Pacific in US$ Thousand by Application:
2020-2027
Table 47: Asia-Pacific Solid Oxide Fuel Cells (SOFCs) Historic
Market Review in US$ Thousand by Application: 2012-2019
Table 48: Asia-Pacific Solid Oxide Fuel Cells (SOFCs) Market
Share Analysis: A 17-Year Perspective by Application for 2012,
2020, and 2027
REST OF WORLD
Table 49: Rest of World Solid Oxide Fuel Cells (SOFCs) Market
Quantitative Demand Analysis in US$ Thousand by Application:
2020 to 2027
Table 50: Solid Oxide Fuel Cells (SOFCs) Market in Rest of
World: Summarization of Historic Demand Patterns in US$
Thousand by Application for 2012-2019
Table 51: Rest of World Solid Oxide Fuel Cells (SOFCs) Market
Share Analysis by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 35
Read the full report: https://www.reportlinker.com/p04838501/?utm_source=GNW
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