Solid Oxide Fuel Cell Market Worth $3.32 Billion by 2018

Solid Oxide Fuel Cell Market Worth $3.32 Billion by 2018

The global solid-oxide fuel cell (SOFC) market value is expected to reach $3.32 billion by 2018, growing at a CAGR of 8.7% from 2013 to 2018. The factors responsible for the growth include the ability of fuel cells in stationary, portable, and transportation applications to act as a source of off grid power, zero emission, and a source of clean energy.

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 key concern for the SOFC industry includes high cost of catalyst, commercialization of fuel cells and the establishment of fuel cell infrastructure. 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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