SOFC and SOEC Market

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. Asia-Pacific is the leading market for SOFC with Japan and South Korea dominating the region.

SOFC and SOEC Market contains market size and forecasts of SOFC and SOEC in global, including the following market information:

• Global SOFC and SOEC Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global SOFC and SOEC Market Sales, 2017-2022, 2023-2028, (K Units)
• Global top five SOFC and SOEC companies in 2021 (%)

The global SOFC and SOEC market was valued at 947.8 million in 2021 and is projected to reach US$ 4889.3 million by 2028, at a CAGR of 26.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Tubular Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of SOFC and SOEC include Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi Corp, GE, Convion, FuelCell Energy and Atrex Energy, Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the SOFC and SOEC 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 and SOEC Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global SOFC and SOEC Market Segment Percentages, by Type, 2021 (%)

• Tubular
• Planar
• Others

Global SOFC and SOEC Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global SOFC and SOEC Market Segment Percentages, by Application, 2021 (%)

• Transportation
• Portable & Military
• Stationary

Global SOFC and SOEC Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global SOFC and SOEC 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 and SOEC revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies SOFC and SOEC revenues share in global market, 2021 (%)
• Key companies SOFC and SOEC sales in global market, 2017-2022 (Estimated), (K Units)
• Key companies SOFC and SOEC sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Bloom Energy
• Siemens Energy
• Aisin Seiki
• Mitsubishi Heavy Industries
• Delphi Corp
• GE
• Convion
• FuelCell Energy
• Atrex Energy, Inc
• SOLIDpower
• ZTEK Corporation
• Redox Power Systems
• Ceres
• Elcogen
• Hoganas
• Fiaxel
• mPower
• OxEon Energy
• Sunfire GmbH
• Fraunhofer IKTS