Solid Oxide Fuel Cell 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. Solid Oxide Fuel Cell Market 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 Solid Oxide Fuel Cell Market is mainly for commercial companies, excluding products from government departments and research institutions.
Solid Oxide Fuel Cell Market contains market size and forecasts of Solid Oxide Fuel Cell (SOFC) in global, including the following market information:
Global Solid Oxide Fuel Cell (SOFC) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Solid Oxide Fuel Cell (SOFC) Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Solid Oxide Fuel Cell (SOFC) companies in 2021 (%)
The global Solid Oxide Fuel Cell (SOFC) market was valued at 652.4 million in 2021 and is projected to reach US$ 1482.4 million by 2028, at a CAGR of 12.4% 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 Solid Oxide Fuel Cell (SOFC) include Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi, 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 Solid Oxide Fuel Cell (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 Solid Oxide Fuel Cell (SOFC) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (SOFC) Market Segment Percentages, by Type, 2021 (%)
Tubular
Planar
Others
Global Solid Oxide Fuel Cell (SOFC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (SOFC) Market Segment Percentages, by Application, 2021 (%)
Transportation
Portable & Military
Stationary
Global Solid Oxide Fuel Cell (SOFC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (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 Solid Oxide Fuel Cell (SOFC) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Solid Oxide Fuel Cell (SOFC) revenues share in global market, 2021 (%)
Key companies Solid Oxide Fuel Cell (SOFC) sales in global market, 2017-2022 (Estimated), (Units)
Key companies Solid Oxide Fuel Cell (SOFC) 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
GE
Convion
FuelCell Energy
Atrex Energy, Inc
SOLIDpower
ZTEK
Redox Power Systems
Ceres
Elcogen