Global Solid Oxide Fuel Cell Market Size & Outlook
Global solid oxide fuel cell market, 2018-2030 (US$M)
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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 |
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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 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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