Solid Oxide Fuel Cell Market by Type (Tubular and Planar), Application (Power Generation, Combined Heat & Power, and Military), End-User (Data Centers, Commercial & Retail, Portable & Unmanned Systems, Telecom Towers, Residential and Auxiliary Power Unit) and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026

  • September, 2020
  • Domain: Electronics & Semiconductors - Electronics & Semiconductors
Pages: 98
Tables: 59
Charts: 99
Regions/Countries: 4 / 9
Companies: 15
Enquiry Hours: 10
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Solid oxide fuel cell is an electrochemical device that generates electricity by using electrochemical conversions in which fuels are oxidized directly; fuels include natural gas, biogas, propane hydrogen, and other hydrocarbons. Swiftly rising demand for energy along with rising regulations to opt for renewable energy generation sources is happening to stimulate market growth. The solid oxide fuel cell technology is used in various areas such as in armed forces and transport functions due to its mobility. Some other factors stimulate market growth, such as public subsidies and fuel cell programs in some countries, rising preference for lower emission, and highly suitable for various applications. But the major aspect impelling the market is the high cost incurred in solid oxide fuel cell technology. The market solid oxide fuel cell is estimated to grow at a CAGR of around 14% with the market during the forecast period.

Research Methodology:

The solid oxide fuel cell market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Solild Oxide Fuel Cell Market

Type: Market Size & Analysis

  • Planar
  • Tubular

Application: Market Size & Analysis

  • Power Generation
  • Combined Heat & Power
  • Military

End-User: Market Size & Analysis

  • Data Centers
  • Commercial & Retail
  • Portable & Unmanned Systems
  • Telecom Towers
  • Residential
  • Auxiliary Power Unit

Geography: Market Size & Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Majorly, the solid oxide fuel cell market by type is segregated into planar and tubular. The planar type is commonly used type because these types of fuel cells are more efficient in producing the electricity from the device, and low chances of power losses its utilization. Further, the future usage of these types of devices within underwater vehicles and auxiliary power units can support the demand for this market.

In the application market, the power generation application segment is majorly leading the solid oxide fuel cell market. The solid oxide fuel cell is majorly applied in the power generation. The power generation solutions are widely adopted for commercial and industrial purposes, and many companies have emerged to supply solid oxide fuel cell products for users such as railways, traffic signals, and environmental monitoring.

In the end-user market, the users comprise of data centers, commercial and retail, portable and unmanned systems, telecom towers, residential and auxiliary power unit. Amidst these end-users, the data centers are happening to accumulate the major market demand due to large corporate companies shifting their financial data to the cloud to suppress the operational expenditure. Additionally, the use of fuel cells in data centers is playing a significant role in reducing carbon emission.

Among all regions, North America is playing a dominant role in this market. This is because North America being a leader in solid oxide fuel cell research and development, abruptly growing investments, stringent government regulations on carbon reduction, and authorities are working together with institutions to bring up the adoption of fuel cells in various applications as to majorly decline manufacturing expenses.

Globally, solid oxide fuel cells are assured to be broadly used for auxiliary and mobile power; therefore, it is creating a major growth opportunity in the market. However, rising operating temperatures may hold back the function of solid oxide fuel cells, thus badly impacting the growth of this market. The rising prices of catalysts and commercialization and the soaring difficulty in the development of the framework of solid oxide fuel cells will also hamper the growth of the global market.

Fuel Cell Energy, Convinion, Intelligent Energy, Aisin Seiki Co, Bloom Energy, Ceres Power, Hexis, Sunfire, Protonex, GE, Elcogen, Watt Fuel Cell Corporation, SOLIDpower, Ztek Corporation, and Atrex Energy these are some companies which are playing a key role in the market growth.

Since the market for solid oxide fuel cells is expanding enormously due to the increasing awareness of the low emission of carbon dioxide as the solid oxide fuel cells, generate eco-friendly electricity, and support of the government in this market is boosting the market.

  • This study provides the market structure and the evaluation of the segments and sub-segments of the market.
  • The solid oxide fuel cell market study also presents the historical and future revenue of market segments.
  • The report further provides in terms of the region to understand the market size across the world.
  • This study gives an in-depth analysis of the strategic framework of the key companies to help the other players to understand the market competition.  


1. Executive Summary

2. Market Positioning

2.1. Industry Snapshot

2.1.1. Overview

2.1.2. Key Trends

2.2. Related Markets

3. Market Outlook

3.1. Overview

3.2. Value Chain

3.3. Pest Analysis

3.4. Porter Five Forces

3.5. Patent Analysis

3.6. Regulatory Framework

3.7. Pricing Analysis

4. Market Characteristics

4.1. Market Segmentation

4.2. Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunities

4.3. DRO - Impact Analysis

5. Type: Market Size & Analysis

5.1. Overview

5.2. Planar

5.3. Tubular

6. Application: Market Size & Analysis

6.1. Overview

6.2. Power Generation

6.3. Combined Heat & Power

6.4. Military

7. End-User: Market Size & Analysis

7.1. Overview

7.2. Data Centers

7.3. Commercial & Retail

7.4. Portable & Unmanned Systems

7.5. Telecom Towers

7.6. Residential

7.7. Auxiliary Power Unit

8. Competitive Landscape

8.1. Competitor Comparison Analysis

8.2. Market Developments

8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships

8.2.2. Product Launches and execution

9. Company Profiles

9.1. Vendor Profiles

9.1.1. Convinion Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.2. Fuel Cell Energy Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.3. Hexis Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.4. Solidpower Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.5. Sunfire Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.6. Protonex Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.7. Aisin Seiki Co Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.8. Bloom Energy Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

9.1.9. Ceres Power Overview Product Offerings Geographic Revenue Business Units Developments Business Strategy

10. Companies to watch

    1. GE
      1. Overview
      2. Market
      3. Business Strategy
    2.    Elcogen
      1. Overview
      2. Market
      3. Business Strategy
    3.   Watt Fuel Cell Corporation
      1. Overview
      2. Market
      3. Business Strategy
    4.   Ztek Corporation
      1. Overview
      2. Market
      3. Business Strategy
    5.   Atrex Energy
      1. Overview
      2. Market
      3. Business Strategy

11. Analyst Opinion

12. Annexure

12.1. Report Scope

12.2. Market Definitions

12.3. Research Methodology

12.3.1. Data Collation and In-house Estimation

12.3.2. Market Triangulation

12.3.3. Forecasting

12.4. Report Assumptions

12.5. Declarations

12.6. Stakeholders

12.7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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