The global Solid Oxide Fuel Cells (SOFCs) market was valued at US$ 652.4 million in 2022 and is projected to reach US$ 1482.4 million by 2029, at a CAGR of 12.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Solid oxide fuel cells are emission free power sources, which run on electrochemical conversion reactions. SOFC use ceramic electrolytes that are hard and non-porous in nature. As the electrolyte is a solid, the cells are not necessarily constructed in a plate-like configuration as seen in other fuel cell types. Electrical efficiency provided is around 50% to 60%. In applications designed to capture and utilize the system's waste heat (cogeneration), the overall fuel use efficiency could top 80% to 85% and operate at very high temperatures of around 1,000?C (1,830?F). The unique properties of solid oxide fuel cell such as portability, long-term stability, easy fuel selection, and emission-free power serve this requirement. These cells have vast applications, with military applications expecting the highest growth. Planar SOFC has been identified to be the dominating fuel cell in the market for its versatility. This report studies the Solid Oxide Fuel Cell (SOFC) market, from angles of players, regions, product types and end industries, to analyze the status and the future. The scope of this report is mainly for commercial companies, excluding products from government departments and research institutions.
This report aims to provide a comprehensive presentation of the global market for Solid Oxide Fuel Cells (SOFCs), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid Oxide Fuel Cells (SOFCs). This report contains market size and forecasts of Solid Oxide Fuel Cells (SOFCs) in global, including the following market information:
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- Global Solid Oxide Fuel Cells (SOFCs) Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Solid Oxide Fuel Cells (SOFCs) Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Solid Oxide Fuel Cells (SOFCs) companies in 2022 (%)
Global Solid Oxide Fuel Cell (SOFC) key players include Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi Corp, etc. Global top five manufacturers hold a share about 60%. North America and Europe is the largest market, both with a share about 30%, followed by Japan, with a share about 10 percent. In terms of product, Planar is the largest segment, with a share about 55%. And in terms of application, the largest application is Stationary, followed by Transportation, Portable & Military.
We surveyed the Solid Oxide Fuel Cells (SOFCs) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Solid Oxide Fuel Cells (SOFCs) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Solid Oxide Fuel Cells (SOFCs) Market Segment Percentages, by Type, 2022 (%)
- Planar
- Thin film
- Tubular
Global Solid Oxide Fuel Cells (SOFCs) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Solid Oxide Fuel Cells (SOFCs) Market Segment Percentages, by Application, 2022 (%)
- Generators
- Aircrafts
- Military
- Other
Global Solid Oxide Fuel Cells (SOFCs) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Solid Oxide Fuel Cells (SOFCs) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Solid Oxide Fuel Cells (SOFCs) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Solid Oxide Fuel Cells (SOFCs) revenues share in global market, 2022 (%)
Key companies Solid Oxide Fuel Cells (SOFCs) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Solid Oxide Fuel Cells (SOFCs) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Adelan
- Atrex Energy
- Bloom Energy
- Ceres Power
- Convion
- Delphi Automotive
- Elcogen
- FuelCell Energy
- Versa Power Systems
- Hexis
- LG Fuel Cell Systems
- Nexceris
- Protonex Technology
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Solid Oxide Fuel Cells (SOFCs), market overview.
- Chapter 2: Global Solid Oxide Fuel Cells (SOFCs) market size in revenue and volume.
- Chapter 3: Detailed analysis of Solid Oxide Fuel Cells (SOFCs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Solid Oxide Fuel Cells (SOFCs) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Solid Oxide Fuel Cells (SOFCs) capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 Solid Oxide Fuel Cells (SOFCs) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Solid Oxide Fuel Cells (SOFCs) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Solid Oxide Fuel Cells (SOFCs) Overall Market Size
2.1 Global Solid Oxide Fuel Cells (SOFCs) Market Size: 2022 VS 2032
2.2 Global Solid Oxide Fuel Cells (SOFCs) Revenue, Prospects & Forecasts: 2018-2032
2.3 Global Solid Oxide Fuel Cells (SOFCs) Sales: 2018-2032
3 Company Landscape
3.1 Top Solid Oxide Fuel Cells (SOFCs) Players in Global Market
3.2 Top Global Solid Oxide Fuel Cells (SOFCs) Companies Ranked by Revenue
3.3 Global Solid Oxide Fuel Cells (SOFCs) Revenue by Companies
3.4 Global Solid Oxide Fuel Cells (SOFCs) Sales by Companies
3.5 Global Solid Oxide Fuel Cells (SOFCs) Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Solid Oxide Fuel Cells (SOFCs) Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Solid Oxide Fuel Cells (SOFCs) Product Type
3.8 Tier 1, Tier 2 and Tier 3 Solid Oxide Fuel Cells (SOFCs) Players in Global Market
3.8.1 List of Global Tier 1 Solid Oxide Fuel Cells (SOFCs) Compani
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