Quick Summary:
In a world where sustainable energy solutions are paramount, the global market for Solid Oxide Fuel Cells (SOFCs) provides unmissable investment opportunities. Expertly designed for senior business executives, our exhaustive market research report delves into the hard-hit areas of the industry, uncovering key insights to help inform your strategic decision-making.
With this report, you gain crucial understanding of the highly promising SOFCs market, poised to reach a revised size of US$9.3 Billion by 2030. This comprehensive analysis will lead business leaders through the main segments of the market, highlighting growth areas such as the Stationary segment, and offering a revised perspective on the Transportation segment growth for the next 8-year period. Returning economies like the U.S and emerging powerhouses such as China, are meticulously studied in this report, offering country-specific insights to enrich your market understanding.
Invest in this report to empower your business strategies, and harness the potential in the Solid Oxide Fuel Cells market.
Global Solid Oxide Fuel Cells (SOFCs) Market to Reach $9.3 Billion by 2030
The global market for Solid Oxide Fuel Cells (SOFCs) estimated at US$748.9 Million in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 37.1% over the analysis period 2022-2030. Stationary, one of the segments analyzed in the report, is projected to record a 35.5% CAGR and reach US$7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Transportation segment is readjusted to a revised 40.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $219.1 Million, While China is Forecast to Grow at 34.8% CAGR
The Solid Oxide Fuel Cells (SOFCs) market in the U.S. is estimated at US$219.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 34.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.1% and 31.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.5% CAGR.Select Competitors (Total 33 Featured) -
- Adelan Ltd.
- Atrex Energy Inc.
- Bloom Energy Corporation
- Ceramic Fuel Cells Limited
- Ceres Power Limited
- Convion Ltd.
- Elcogen AS
- FuelCell Energy, Inc.
- Hexis AG
- SOLIDpower S.p.A.
- Sunfire GmbH
- Ultra Electronics Holdings Plc
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Solid Oxide Fuel Cells (SOFCs)?
What is the growth rate of the Global Market for Solid Oxide Fuel Cells (SOFCs)?
What is the forecasted size of the Global Market for Solid Oxide Fuel Cells (SOFCs)?
Who are the key companies in the Global Market for Solid Oxide Fuel Cells (SOFCs)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 269 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 748.9 Million |
| Forecasted Market Value ( USD | $ 9300 Million |
| Compound Annual Growth Rate | 37.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Adelan Ltd.
- Atrex Energy Inc.
- Bloom Energy Corporation
- Ceramic Fuel Cells Limited
- Ceres Power Limited
- Convion Ltd.
- Elcogen AS
- FuelCell Energy, Inc.
- Hexis AG
- SOLIDpower S.p.A.
- Sunfire GmbH
- Ultra Electronics Holdings Plc
