Solid Oxide Fuel Cell Market Analysis

  • Report ID: 3514
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Global Solid Oxide Fuel Cell Market

  1. Market Definition and Research Methodology
    1. Market Definition
    2. Market Segmentation
    3. Market Size Methodology
  2. Assumptions and Acronyms
  3. Research Methodology
    1.  Research Process
    2. Primary Research
    3. Secondary Research
  4. Executive Summary – Global Solid Oxide Fuel Cell Market
  5. Market Dynamics
    1.  Market Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  6. Regulatory and Standards Landscape
  7. Industry Risk Analysis
  8. Impact of COVID-19 on the Solid Oxide Fuel Cell Market
  9. Technology Analysis
  10. Value Chain Analysis
  11. Industry Growth Outlook
  12. Pricing Analysis
  13. Regional Demand Analysis
  14. Comparative Analysis
  15. Competitive Positioning
  16. Competitive Landscape
    1. Market Share Analysis, 2023
    2. Competitive Benchmarking
      1. Kyocera Corporation
      2. SolydEra
      3. Elcogen AS
      4. Fuel Cell Energy
      5. POSCO Energy
      6. H2E Power
      7. ZTEK Corporation
      8. Sunfire
      9. Doosan Fuel Cell
      10. Bloom Energy
      11. Mitsubishi Power
      12. Aisin Seiki Co
      13. Ceres Power
      14. Hitachi Zosen
  17. Global Solid Oxide Fuel Market 2023-2036
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
    4. Global Solid Oxide Fuel Cell Market-Market Segmentation Analysis 2023-2036
      1. By Type
        1. Planar, 2023-2036F (USD Million & Thousand Units)
        2. Tubular, 2023-2036F (USD Million & Thousand Units)
      2. By Mobility
        1. Stationary, 2023-2036F (USD Million & Thousand Units)
        2. Portable, 2023-2036F (USD Million & Thousand Units)
      3. By Application
        1. Combined Heat & Power, 2023-2036F (USD Million)
        2. Power Generation, 2023-2036F (USD Million)
        3. Others, 2023-2036F (USD Million)
      4. By End User
        1. Data Centers, 2023-2036F (USD Million)
        2. Commercial & Retail, 2023-2036F (USD Million)
        3. Residential, 2023-2036F (USD Million)
        4. Others, 2023-2036F (USD Million)
      5. Global Solid Oxide Fuel Cell Market by Region
        1. North America, 2023-2036F (USD Million & Thousand Units)
        2. Latin America, 2023-2036F (USD Million & Thousand Units)
        3. Europe, 2023-2036F (USD Million & Thousand Units)
        4. Asia Pacific, 2023-2036F (USD Million & Thousand Units)
        5. Middle East & Africa, 2023-2036F (USD Million & Thousand Units)
  18. Cross Analysis of Type w.r.t End User, 2023
  19. North America Solid Oxide Fuel Cell Market 2023-2036
    1. Leading Players in the Region
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
      1. By Type
        1. Planar, 2023-2036F (USD Million & Thousand Units)
        2. Tubular, 2023-2036F (USD Million & Thousand Units)
      2. By Mobility
        1. Stationary, 2023-2036F (USD Million & Thousand Units)
        2. Portable, 2023-2036F (USD Million & Thousand Units)
      3. By Application
        1. Combined Heat & Power, 2023-2036F (USD Million)
        2. Power Generation, 2023-2036F (USD Million)
        3. Others, 2023-2036F (USD Million)
      4. By End User
        1. Data Centers, 2023-2036F (USD Million)
        2. Commercial & Retail, 2023-2036F (USD Million)
        3. Residential, 2023-2036F (USD Million)
        4. Others, 2023-2036F (USD Million)
      5. By Country
        1. U.S., 2023-2036F (USD Million & Thousand Units)
        2. Canada, 2023-2036F (USD Million & Thousand Units)
  20. Europe Solid Oxide Fuel Cell Market 2023-2036
    1. Leading Players in the Region
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
      1. By Type
      2. By Mobility
      3. By Application
      4. By End-User
      5. By Country
        1. U.K., 2023-2036F (USD Million & Thousand Units)
        2. Germany, 2023-2036F (USD Million & Thousand Units)
        3. Italy, 2023-2036F (USD Million & Thousand Units)
        4. France, 2023-2036F (USD Million & Thousand Units)
        5. Spain, 2023-2036F (USD Million & Thousand Units)
        6. Russia, 2023-2036F (USD Million & Thousand Units)
        7. Netherland, 2023-2036F (USD Million & Thousand Units)
        8.  Rest of Europe, 2023-2036F (USD Million & Thousand Units)
  21. Asia Pacific Solid Oxide Fuel Cell Market 2023-2036
    1. Leading Players in the Region
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
      1. By Type
      2. By Mobility
      3. By Application
      4. By End-User
      5. By Country
        1. Australia, 2023-2036F (USD Million & Thousand Units)
        2. Japan, 2023-2036F (USD Million & Thousand Units)
        3. Singapore, 2023-2036F (USD Million & Thousand Units)
        4. South Korea, 2023-2036F (USD Million & Thousand Units)
        5. India, 2023-2036F (USD Million & Thousand Units)
        6. China, 2023-2036F (USD Million & Thousand Units)
        7. Rest of Asia Pacific, 2023-2036F (USD Million & Thousand Units)
  22. Latin America Solid Oxide Fuel Cell Market 2023-2036
    1. Leading Players in the Region
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
      1. By Type
      2. By Mobility
      3. By Application
      4. By End-User
      5. By Country
        1. Brazil, 2023-2036F (USD Million & Thousand Units)
        2. Argentina, 2023-2036F (USD Million & Thousand Units)
        3. Mexico, 2023-2036F (USD Million & Thousand Units)
        4. Rest of Latin America, 2023-2036F (USD Million & Thousand Units)
  23. Middle East & Africa Solid Oxide Fuel Cell Market 2023-2036
    1. Leading Players in the Region
    2. By Value (USD Million)
    3. By Volume (Thousand Units)
      1. By Type
      2. By Mobility
      3. By Application
      4. By End-User
      5. By Country
        1. GCC, 2023-2036F (USD Million & Thousand Units)
        2. Israel, 2023-2036F (USD Million & Thousand Units)
        3. South Africa, 2023-2036F (USD Million & Thousand Units)
        4. Rest of Middle East & Africa, 2023-2036F (USD Million & Thousand Units)
  24. Bibliography

Solid Oxide Fuel Cell Market Analysis

Type (Planar, Tubular)

The planar segment in the solid oxide fuel cell market is estimated to gain a significant revenue share over the projected time frame. The uncomplicated geometry and relatively simple construction method are credited with contributing to the emergence of the planar solid oxide fuel cell. Planar solid oxide fuel cells are a preferred choice for power backup and voltage variations due to their high efficiency, large capacity, and continuous power generation capability. Planar SOFCs reach larger power densities than tubular SOFCs. For instance, Elcogen AS provides solid oxide cells which are compatible with third-party stacks. These are anode-supported, planar, ceramic cells. The operating temperature of the cell which is low i.e., (650°C) allows for extended lifetimes and the use of low-cost components at the stack and system levels.

End-User (Data Centers, Residential, Commercial & Retail)

By the end of 2037, the commercial & retail segment in the solid oxide fuel cell market is anticipated to garner a majority revenue share. The segment is further expected to grow at a CAGR of 27.5% during the forecast period. The expansion of this market sector is driven by rising energy demand from these industries while lowering emissions. Due to their affordability, compact size, and quiet operation, solid oxide fuel cells (SOFCs) are the perfect source of energy for commercial customers. Thermal integration with current boilers and HVAC systems is also possible due to the high-temperature waste heat from SOFC. For instance, German company Bosch has created a solid oxide fuel cell (SOFC) system for business and industrial uses and is prepared to ramp up manufacturing in 2024. This system can run on hydrogen, natural gas, biomethane, or different blendings, with an electrical efficiency of greater than 60% and an overall efficiency of approximately 85%.

Our in-depth analysis of the global solid oxide fuel cell market includes the following segments:

          Type

  • Planar
  • Tubular

           Mobility

  • Stationary
  • Portable

           Application

  • Combined Heat & Power
  • Power Generation

           End User

  • Data Centers
  • Commercial & Retail
  • Residential
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 3514
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of solid oxide fuel cell is estimated at USD 2.43 billion.

The solid oxide fuel cell market size was over USD 2.01 billion in 2024 and is poised to exceed USD 41.4 billion by 2037, growing at over 26.2% CAGR during the forecast period i.e., between 2025-2037. Increasing government initiatives and R&D on solid oxide fuel cell programs and the growing demand for energy-efficient technology will drive the market growth.

Asia Pacific industry is set to hold largest revenue share of 56% by 2037, impelled by new plans launched for the adoption of solid oxide fuel cells in the region.

The major players in the market include Kyocera Corporation, SolydEra, Elcogen AS, Fuel Cell Energy, POSCO Energy, H2E Power, ZTEK Corporation, Sunfire, Doosan Fuel Cell, Bloom Energy, Mitsubishi Power, Aisin Seiki Co, Ceres Power, Hitachi Zosen
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