
A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues.
The global SOFC market size is projected to grow from US$ 572.4 million in 2023 to US$ 1235.5 million in 2030; it is expected to grow at a CAGR of 11.6% from 2024 to 2030.
The 鈥淪OFC Industry Forecast鈥 looks at past sales and reviews total world SOFC sales in 2023, providing a comprehensive analysis by region and market sector of projected SOFC sales for 2024 through 2030. With SOFC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOFC industry.
This Insight Report provides a comprehensive analysis of the global SOFC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SOFC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥 unique position in an accelerating global SOFC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOFC and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SOFC.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
This report presents a comprehensive overview, market shares, and growth opportunities of SOFC market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Planar
Tubular
Others
Segmentation by application
Transportation
Military
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bloom Energy
FuelCell Energy
Aisin Seiki
Siemens Energy
Protonex
LG Fuel Cell Systems
Acumentrics
Delphi Corp
ZTEK Corporation
Redox Power Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global SOFC market?
What factors are driving SOFC market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SOFC market opportunities vary by end market size?
How does SOFC break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global SOFC Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for SOFC by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for SOFC by Country/Region, 2019, 2023 & 2030
2.2 SOFC Segment by Type
2.2.1 Planar
2.2.2 Tubular
2.2.3 Others
2.3 SOFC Sales by Type
2.3.1 Global SOFC Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global SOFC Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global SOFC Sale Price by Type (2019-2024)
2.4 SOFC Segment by Application
2.4.1 Transportation
2.4.2 Military
2.4.3 Others
2.5 SOFC Sales by Application
2.5.1 Global SOFC Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global SOFC Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global SOFC Sale Price by Application (2019-2024)
3 Global SOFC by Company
3.1 Global SOFC Breakdown Data by Company
3.1.1 Global SOFC Annual Sales by Company (2019-2024)
3.1.2 Global SOFC Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global SOFC Annual Revenue by Company (2019-2024)
3.2.1 Global SOFC Revenue by Company (2019-2024)
3.2.2 Global SOFC Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global SOFC Sale Price by Company
3.4 Key Manufacturers SOFC Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers SOFC Product Location Distribution
3.4.2 Players SOFC Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for SOFC by Geographic Region
4.1 World Historic SOFC 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global SOFC Annual Sales by Geographic Region (2019-2024)
4.1.2 Global SOFC Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic SOFC 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global SOFC Annual Sales by Country/Region (2019-2024)
4.2.2 Global SOFC Annual Revenue by Country/Region (2019-2024)
4.3 Americas SOFC Sales Growth
4.4 APAC SOFC Sales Growth
4.5 Europe SOFC Sales Growth
4.6 Middle East & Africa SOFC Sales Growth
5 Americas
5.1 Americas SOFC Sales by Country
5.1.1 Americas SOFC Sales by Country (2019-2024)
5.1.2 Americas SOFC Revenue by Country (2019-2024)
5.2 Americas SOFC Sales by Type
5.3 Americas SOFC Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC SOFC Sales by Region
6.1.1 APAC SOFC Sales by Region (2019-2024)
6.1.2 APAC SOFC Revenue by Region (2019-2024)
6.2 APAC SOFC Sales by Type
6.3 APAC SOFC Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe SOFC by Country
7.1.1 Europe SOFC Sales by Country (2019-2024)
7.1.2 Europe SOFC Revenue by Country (2019-2024)
7.2 Europe SOFC Sales by Type
7.3 Europe SOFC Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa SOFC by Country
8.1.1 Middle East & Africa SOFC Sales by Country (2019-2024)
8.1.2 Middle East & Africa SOFC Revenue by Country (2019-2024)
8.2 Middle East & Africa SOFC Sales by Type
8.3 Middle East & Africa SOFC Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of SOFC
10.3 Manufacturing Process Analysis of SOFC
10.4 Industry Chain Structure of SOFC
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 SOFC Distributors
11.3 SOFC Customer
12 World Forecast Review for SOFC by Geographic Region
12.1 Global SOFC 麻豆原创 Size Forecast by Region
12.1.1 Global SOFC Forecast by Region (2025-2030)
12.1.2 Global SOFC Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global SOFC Forecast by Type
12.7 Global SOFC Forecast by Application
13 Key Players Analysis
13.1 Bloom Energy
13.1.1 Bloom Energy Company Information
13.1.2 Bloom Energy SOFC Product Portfolios and Specifications
13.1.3 Bloom Energy SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Bloom Energy Main Business Overview
13.1.5 Bloom Energy Latest Developments
13.2 FuelCell Energy
13.2.1 FuelCell Energy Company Information
13.2.2 FuelCell Energy SOFC Product Portfolios and Specifications
13.2.3 FuelCell Energy SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 FuelCell Energy Main Business Overview
13.2.5 FuelCell Energy Latest Developments
13.3 Aisin Seiki
13.3.1 Aisin Seiki Company Information
13.3.2 Aisin Seiki SOFC Product Portfolios and Specifications
13.3.3 Aisin Seiki SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Aisin Seiki Main Business Overview
13.3.5 Aisin Seiki Latest Developments
13.4 Siemens Energy
13.4.1 Siemens Energy Company Information
13.4.2 Siemens Energy SOFC Product Portfolios and Specifications
13.4.3 Siemens Energy SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Siemens Energy Main Business Overview
13.4.5 Siemens Energy Latest Developments
13.5 Protonex
13.5.1 Protonex Company Information
13.5.2 Protonex SOFC Product Portfolios and Specifications
13.5.3 Protonex SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Protonex Main Business Overview
13.5.5 Protonex Latest Developments
13.6 LG Fuel Cell Systems
13.6.1 LG Fuel Cell Systems Company Information
13.6.2 LG Fuel Cell Systems SOFC Product Portfolios and Specifications
13.6.3 LG Fuel Cell Systems SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 LG Fuel Cell Systems Main Business Overview
13.6.5 LG Fuel Cell Systems Latest Developments
13.7 Acumentrics
13.7.1 Acumentrics Company Information
13.7.2 Acumentrics SOFC Product Portfolios and Specifications
13.7.3 Acumentrics SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Acumentrics Main Business Overview
13.7.5 Acumentrics Latest Developments
13.8 Delphi Corp
13.8.1 Delphi Corp Company Information
13.8.2 Delphi Corp SOFC Product Portfolios and Specifications
13.8.3 Delphi Corp SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Delphi Corp Main Business Overview
13.8.5 Delphi Corp Latest Developments
13.9 ZTEK Corporation
13.9.1 ZTEK Corporation Company Information
13.9.2 ZTEK Corporation SOFC Product Portfolios and Specifications
13.9.3 ZTEK Corporation SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 ZTEK Corporation Main Business Overview
13.9.5 ZTEK Corporation Latest Developments
13.10 Redox Power Systems
13.10.1 Redox Power Systems Company Information
13.10.2 Redox Power Systems SOFC Product Portfolios and Specifications
13.10.3 Redox Power Systems SOFC Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Redox Power Systems Main Business Overview
13.10.5 Redox Power Systems Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
