At 13+% CAGR "Solid Oxide Fuel Cell Market" To Hit $1,140.6 Million by 2025 Led by North America

The solid oxide fuel cell market is forecast to reach $1,140.6 million by 2025 from $403.4 million in 2017 at a CAGR of 13.88% during (2017-2025) driven by the government subsidies and fuel cell programs in the US, Japan and Europe; while the power generation segment is expected to hold the largest share of the market by application.

PUNE, India, Nov. 2, 2017 /PRNewswire-iReach/ -- North America: The largest solid oxide fuel cell market in 2016. The market in North America is currently the largest market for solid oxide fuel cells followed by the market in Asia Pacific. High demand for the power generation segment for data centers and commercial and retail end-use is driving the market for solid oxide fuel cells in North America. The market in North America is dominated by the power generation segment, with Bloom Energy being the market leader in the supply of solid oxide fuel cells.

Browse 88 Market Data Tables and 28 Figures spread through 133 Pages and in-depth TOC on "Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 2025http://www.rnrmarketresearch.com/solid-oxide-fuel-cell-market-by-type-planar-tubular-others-application-large-stationary-small-stationary-transportation-portable-military-geography-global-trends-forecast-to-2018-market-report.html .

The leading players in the solid oxide fuel cell market include Bloom Energy (US), Sunfire (Germany), Aisin Seiki (Japan), SOLID power (Italy), Ultra Sea Sensor Systems (US), and Atrex Energy (US).

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 43%, Tier 2 - 33%, Tier 3 - 24%
  • By Designation: C-Level - 35%, D-Level - 25%, and Others - 40%
  • By Region: Americas - 40%, EMEA - 33%, and APAC - 27%,

Note: Others include product managers, marketing managers, and sales managers.

Note: The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion

Inquire for Discount on "Solid Oxide Fuel Cell Market Global Forecast to 2025" research report at http://www.rnrmarketresearch.com/contacts/discount?rname=175967 .

The combined heat & power sub-segment of the application segment is expected to grow at the highest CAGR from 2017 to 2025. Solid oxide fuel cells can be used for residential and commercial CHP applications and have an advantage over other technologies due to their high efficiency for power generation and low maintenance costs. Government programs in Japan and Europe for fuel cell-based installations is driving the growth of the combined heat and power segment.

The report defines, describes, and forecasts the global solid oxide fuel cell market type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the solid oxide fuel cell market.

Make an Inquiry on Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) - Global Forecast to 2025 research report at  http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=175967 .

The solid oxide fuel cell market report identifies and addresses key markets for solid oxide fuel cells, which would help manufacturers review the growth in demand. Rising demand for distributed power generation in North America and Asia Pacific, increasing adoption of solid oxide fuel cells in data centers, and military sector and development of hybrid-SOFC technologies could lead to opportunities for the solid oxide fuel cell market. High capital costs and competition from other fuel cell technologies, such as PEMFC could be a restraint to the growth of the solid oxide fuel cell market.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the solid oxide fuel cell market. The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

Another research titled Gas Engine Market Global Forecast to 2022 says, the gas engine market is projected to reach $4.76 billion by 2022, growing at a CAGR of 6.12%, from 2017 to 2022. The co-generation applications segment is expected to grow at the highest CAGR from 2017 to 2022. Europe: The largest market for gas engine. Companies such as General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä Corporation (Finland), Rolls-Royce Holdings plc (U.K.), Cummins Inc. (U.S.) have been profiled in this 184 pages research report available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=686597 .

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2017

Categories

Science & Tech


Tags

Electrical Utilities, Gas, Oil & Energy



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