DUBLIN, Dec. 15, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/nzlzqr/global_sofc) has announced the addition of the "Global SOFC Market 2015-2019" report to their offering.
An SOFC is a device that generates electricity through an electrochemical process that involves oxidation of the electrolyte when placed between the two electrodes - anode and cathode. Fuel cells are generally categorized based on the type of electrolyte material used in them; an SOFC uses a solid oxide or ceramic electrolyte. Some of the advantages of an SOFC include its low cost, low emissions, long-term stability, high efficiency, and fuel flexibility.
Its high fuel flexibility permits the use of cheap, safe, and readily available fuels such as hydrocarbons, natural gas, hydrogen, methanol, and syngas. An SOFC, however, requires a high operating temperature, usually within the range of 932 degrees to 1,832 degrees Fahrenheit, for the activation of the ceramics. This high operating temperature leads to mechanical and chemical compatibility issues and longer start-up times.
The analysts forecast the Global SOFC market to grow at a CAGR of 10.3 percent over the period 2014-2019.
The Global SOFC market can be segmented into three application segments: Stationary, transportation, and Portable.
The report, the Global SOFC Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global SOFC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends observed in the market is the reduction of SOFC prices, which will significantly encourage investments in this technology. SOFC is an emerging technology and is being increasingly used in small stationary and portable applications because of its various benefits. Some of the benefits of using SOFCs are their high energy density and low carbon emissions.
According to the report, growing concerns about energy efficiency is one of the major factors driving the growth of the market. Increased need to reduce energy consumption has driven the growth of energy-efficient technology such as SOFC, which can provide power supply for longer periods of time.
Further, the report states that maintaining a stable operating temperature is one of the key challenges being faced by this market. SOFCs require a high operational temperature and any fluctuations in temperature can result in a difference in their output. This instability issue does not permit the use of SOFC in certain applications, which poses a huge challenge for the market.
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.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Bloom Energy
- FuelCell Energy
- Mitsubishi Heavy Industries
- ADELAN U.K.
- Ceramic Fuel Cells
- Ceres Power
- Delphi SOFC Technology
- Topsoe Fuel Cell
- Ultra Electronics AMI
- WATT Fuel Cell
For more information visit http://www.researchandmarkets.com/research/nzlzqr/global_sofc
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Source:Research and Markets