The Key Players in Global SOFC Market 2016-2020, According to a New Study on ASDReports

Monday 15 February 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global SOFC Market: Acumentrics, Aisin, Bloom Energy, FuelCell Energy, Protonex and Redox Power systems.

Other Prominent Vendors in the market are: Ceramic Fuel Cells, Ceres Power Holdings, Delphi, GE, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Panasonic, Toshiba and Ultra Electronics AMI.

Commenting on the report, an analyst said: “As SOFC deployments and the size of the systems increase, the capital cost per unit decreases. This reduction in price will greatly influence the acceptance of SOFCs across various end-users, allowing them to be used in a variety of applications. An example to support the above statement has been given below, where we have explained the reduction in costs for CHP Systems as well as APU systems.”

According to the report, technological advancements have led to a growth in the usage of SOFCs in various electronics devices. Significant improvements have been made to increase the system energy densities. With the increase in energy density, the lifespan and performance of SOFCs will also increase, enabling the usage of the devices in many portable applications. These advances in technology will enable SOFCs to replace lithium-based batteries for portable applications.

Further, the report states that SOFC is a highly competitive market with many manufacturers, both local and international, facing stiff competition from not only other fuel cell manufacturers but also from alternative technologies such as solar energy, other energy storage application such as batteries, and internal combustion engines.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.