Solid Oxide Fuel Cell (SOFC) is a device that produces electricity by electrochemical conversion. In this type of a device, the fuel is directly oxidized in the cell which makes it easy to operate and therefore can be used anywhere. The SOFC technology is very important as these can be employed for various purposes such as transportation and military operations, because of its smart and portable design. These cells are categorized on the basis of the type of technology employed in them, planar, tubular, and others. Some of its properties give the technology a competitive edge over other power sources. It is highly efficient, makes for a low cost power source, and has long-term stability. The cells operate on a variety of fuels, so the availability is never a concern for the user. When working on hydrogen, the cells generate water as a by-product and there are no other emissions. SOFC is gaining more importance across the globe, because of the increasing demand for clean energy due to depleting fossil reserves. The SOFC market is experiencing growth as a result of the growing awareness and demand for zero emission power sources.
The global solid oxide fuel cell (SOFC) market is segmented firstly on the basis of the technology type employed in them such as planar, tubular, and others. Secondly, it is segmented on the basis of its application covering small stationary, large stationary, transportation, and portable and military use. Lastly, the market is segmented based on the various geographical markets such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). Each segment has been analyzed with respect to its trends, growth trends, and future prospects. The data has been analyzed from 2011 to 2018 and all quantitative data regarding segmentation is mentioned in terms of value ($million).