Global Solid Oxide Fuel Cell Market Size & Outlook

The solid oxide fuel cell industry worldwide is expected to reach a projected revenue of US$ 4,054.8 million by 2030. A compound annual growth rate of 31.3% is expected of the worldwide solid oxide fuel cell industry from 2023 to 2030.

Revenue, 2022 (US$M)
$458.5
Forecast, 2030 (US$M)
$4,054.8
CAGR, 2023 - 2030
31.3%
Report Coverage
Worldwide

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 2022USD 458.5 million
Market revenue in 2030USD 4,054.8 million
Growth rate31.3% (CAGR from 2022 to 2030)
Largest segmentStationary
Fastest growing segmentStationary
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationStationary, 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 segmentation & scope

Solid Oxide Fuel Cell Market Companies

Name Profile # Employees HQ Website

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.

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Global solid oxide fuel cell market statistics, by region, 2018-2030 (US$M)

Top 10 countries: Solid oxide fuel cell market size, 2022 (USD Million)

Top 10 countries: Solid oxide fuel cell market size, 2022 (USD Million)

Global solid oxide fuel cell market, by region, 2022 (US$M)

Global solid oxide fuel cell market statistics, by region, 2018-2030 (US$M)

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