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Download Free sampleA 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.
SOFC Market contains market size and forecasts of SOFC in global, including the following market information:
Global SOFC Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global SOFC Market Sales, 2017-2022, 2023-2028, (KW)
Global top five SOFC companies in 2021 (%)
The global SOFC market was valued at 602 million in 2021 and is projected to reach US$ 1227.9 million by 2028, at a CAGR of 10.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Planar Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of SOFC include Bloom Energy, FuelCell Energy, Aisin Seiki, Siemens Energy, Protonex, LG Fuel Cell Systems, Acumentrics, Delphi Corp and ZTEK Corporation and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the SOFC 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 SOFC Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (KW)
Global SOFC Market Segment Percentages, by Type, 2021 (%)
Planar
Tubular
Others
Global SOFC Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (KW)
Global SOFC Market Segment Percentages, by Application, 2021 (%)
Transportation
Military
Others
Global SOFC Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (KW)
Global SOFC Market Segment Percentages, By Region and Country, 2021 (%)
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 SOFC revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies SOFC revenues share in global market, 2021 (%)
Key companies SOFC sales in global market, 2017-2022 (Estimated), (KW)
Key companies SOFC sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bloom Energy
FuelCell Energy
Aisin Seiki
Siemens Energy
Protonex
LG Fuel Cell Systems
Acumentrics
Delphi Corp
ZTEK Corporation
Redox Power Systems
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