The Global Solid Oxide Fuel Cell Market was valued at $0.80Billion in 2018 and is forecast to grow at a modest.3.7 % CAGR between 2018 and 2026, culminating in 2026 global sales of $1.92 Billion.
Solid Oxide Fuel Cell is an electrical device which converts chemical energy from a fuel such as methane or hydrogen by electricity medium through a series of the electrochemical reaction. It is an alternative source of market growth and a major source of backup power option. SOFCs having the capacity to generate electricity by using Bio-gas, Natural gas, and Hydrogen gas. Due to the High amount of exhaust gas (>800C) makes it a useful in industry for cogeneration. SOFCs are Efficient, Virtually pollution-free power source and Combustion less. If the burning fuel and Oxidant are available properly then it generates continuously Electricity. The operating system is very smooth, Reliable, and having few mechanisms. SOFCs is increasing demand for electricity in the remote area and a portable electrical device. These Fuel cells are low emission, relatively low cost, long-term stability, and fuel flexibility.
“Optimal Price Point (OPP) for Solid Oxide Fuel Cell”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Solid Oxide Fuel Cells are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Solid Oxide Fuel Cell Market by “Application Categories”
We have segmented the Solid Oxide Fuel Cell based on Application categories as transportation, Stationary, Portable.
We have observed that the rapid growth of Solid Oxide Fuel Cell by Stationary segment which acquired the market by its characteristics and effectiveness towards residential and commercial sectors.It is increasing demand for space heating across the office, homes, and another establishment.It also uses as a backup source in telecommunication, hospitals, and educational institute.
We have also observed the rapid growth of the Solid Oxide Fuel Cell market by Transporation segment which is expected to grow by shares during the forecast period. It is the fastest growing sector in marine, trucks, and automobiles.
The Asia Pacific and North America accounted for the maximum revenue share of over xx% in 2018 due to increased demandof Solid Oxide Fuel Cell followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.12 Billion by 2026.
The rapid growth of industries in the field of electricity generate sectors and availability of Solid Oxide Fuel Cell create an impact in developing countries for the demand of Stationary and Transportation Segment.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants includeHydrogenic Corporation, Ballard, Bloom Energy, Fuel Cell Energy, Toshiba, UTC Power, Panasonic, Doosan, AFC Energy, Arcola, Plug Power, SFC, Horizon and Ceres Power are major players in Solid Oxide Fuel Cell Markets. TheSolid Oxide Fuel Cell market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are the major focus area for dominant companies.
Solid Oxide Fuel Cell Market by Application Categories (Revenue, Million, 2018 – 2026)
Solid Oxide Fuel Cell Market Regional Outlook (Revenue, USD Million, 2018- 2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
Global Solid Oxide Fuel Cell Market,Global Solid Oxide Fuel Cell Market Analytics,Global Solid Oxide Fuel Cell Market Share, Global Solid Oxide Fuel Cell Market Research,Global Solid Oxide Fuel Cell Market Forecast,Global Solid Oxide Fuel Cell Market Insight, Global Solid Oxide Fuel Cell Market Trend, Global Solid Oxide Fuel Cell Market Value,Global Solid Oxide Fuel Cell Market Size, Global Solid Oxide Fuel Cell Market Analysis,Global Solid Oxide Fuel Cell Market Survey,Global Solid Oxide Fuel Cell Market Research Report