Asia-Pacific Solid Oxide Fuel Cells Market By Type (Tubular & Planar), By Application (Stationary, Transportation, & Portable), By Country (Japan, South Korea, China, India, Australia, & Others), Competition Forecast and Opportunities, 2013-2023

Asia-Pacific solid oxide fuel cells market was valued at over $ 314 million in 2017 and is projected to grow at a CAGR of more than 15% to cross $ 700 million by 2023.

Years Considered for this Report

Historical Years2013-2016

Base Year2017

Estimated Year2018

Forecast Period2019–2023

Objective of the Study

• The primary objective of the study was to understand and gain insights about the Asia-Pacific solid oxide fuel cells market with their segmental analysis by type, by application and by country.
• To estimate, calculate and forecast market size for Asia-Pacific solid oxide fuel cells market, in terms of value and power generation per year.
• To categorize and forecast Asia-Pacific solid oxide fuel cells market by type in terms of tubular and planar cells.
• To segment and forecast Asia-Pacific solid oxide fuel cells market by application constituting Transportation, Stationary and Portable.
• To identify major drivers & challenges for the Asia-Pacific solid oxide fuel cells market.
• To identify major trends in Asia-Pacific solid oxide fuel cells market.
• To profile major companies operating in Asia-Pacific solid oxide fuel cells market.

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Few of the major players operating in Asia-Pacific solid oxide fuel cells market include Doosan Fuel Cell America, Inc., LG Fuel Cell Systems Inc., Fuel Cell Energy, SOFCMAN Energy Technology Co. Ltd., SOLIDpower Group, Posco Energy and Huaqing New Energy.

To analyze and forecast Asia-Pacific solid oxide fuel cells market, bottom-up approach was used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in Asia-Pacific solid oxide fuel cells market was also undertaken. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for SOFC in Asia-Pacific region. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned in the country were identified.

Various secondary sources such as white papers and secondary literature on solid oxide fuel cells (SOFC), Research and Development Statistics, BP Statistics, SOFC Companies’ Annual Reports, International Monetary Fund and World Bank were also studied by Market insights research.

Key Target Audience

• SOFC manufacturers, distributors and other stakeholders
• Commercial and industrial power procurers
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as facility management providing companies and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.