Global Solid Oxide Fuel Cell Market Size & Outlook
Global solid oxide fuel cell market, 2018-2030 (US$M)
Related Markets
Global solid oxide fuel cell market highlights
- The global solid oxide fuel cell market generated a revenue of USD 458.5 million in 2022 and is expected to reach USD 4,054.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 31.3% by 2030.
- In terms of segment, stationary accounted for a revenue of USD 373.3 million in 2022.
- Stationary is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 458.5 million |
| Market revenue in 2030 | USD 4,054.8 million |
| Growth rate | 31.3% (CAGR from 2022 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Stationary |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stationary, Transportation, Portable |
Other key industry trends
- In terms of revenue, the North America accounted for 37.5% of the global solid oxide fuel cell market in 2022.
- By country, the Japan is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 480.6 million by 2030.
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Solid Oxide Fuel Cell Market Scope
Solid Oxide Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Avalon Advanced Materials Inc | View profile | 9 | 130 Adelaide Street West, Suite 1901, Toronto, ON, Canada, M5H 3P5 | https://www.avalonadvancedmaterials.com |
| FuelCell Energy Inc | View profile | 629 | 3 Great Pasture Road, Danbury, CT, United States, 06810 | https://www.fuelcellenergy.com |
| Bloom Energy Corp Class A | View profile | 2377 | 4353 North First Street, San Jose, CA, United States, 95134 | https://www.bloomenergy.com |
| Ceres Power Holdings PLC | View profile | 591 | Foundry Lane, Viking House, Horsham, West Sussex, United Kingdom, RH13 5PX | https://www.cerespower.com |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Niterra Co Ltd | View profile | 16247 | 14-18, Takatsuji-cho, Mizuho-ku, Nagoya, Japan, 467-8525 | http://www.ngkntk.co.jp |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
Global solid oxide fuel cell market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid oxide fuel cell market will help companies and investors design strategic landscapes.
Stationary was the largest segment with a revenue share of 81.42% in 2022. Horizon Databook has segmented the Global solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Solid Oxide Fuel Cell Application Outlook (Revenue, USD Million, 2018-2030)
- Stationary
- Transportation
- Portable
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Horizon Databook provides a detailed overview of global-level data and insights on the Global solid oxide fuel cell market , including forecasts for subscribers. This global databook contains high-level insights into Global solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global solid oxide fuel cell market size, by region, 2018-2030 (US$M)
Top 10 countries: Solid oxide fuel cell market size, 2022 (US$M)
Global solid oxide fuel cell market share, by application, 2022 & 2030 (%, US$M)
Solid oxide fuel cell market: Opportunity assessment by country
Global solid oxide fuel cell market, by region, 2022 (US$M)
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