China Solid Oxide Fuel Cell Market Size & Outlook
China solid oxide fuel cell market, 2018-2030 (US$M)
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China solid oxide fuel cell market highlights
- The China solid oxide fuel cell market generated a revenue of USD 4.4 million in 2022 and is expected to reach USD 104.0 million by 2030.
- The China market is expected to grow at a CAGR of 48.7% from 2023 to 2030.
- In terms of segment, stationary was the largest revenue generating application in 2022.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Solid oxide fuel cell market data book summary
| Market revenue in 2022 | USD 4.4 million |
| Market revenue in 2030 | USD 104.0 million |
| Growth rate | 48.7% (CAGR from 2022 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stationary, Transportation, Portable |
| Key market players worldwide | Bloom Energy Corp Class A, Mitsubishi Corp, Cummins Inc, Ceres Power Holdings PLC, GE Aerospace, FuelCell Energy Inc, Kyocera Corp, Avalon Advanced Materials Inc, Niterra Co Ltd |
Other key industry trends
- In terms of revenue, China accounted for 0.9% of the global solid oxide fuel cell market in 2022.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan solid oxide fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,092.5 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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China 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 72.73% in 2022. Horizon Databook has segmented the China solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
China is witnessing substantial demand for fuel cells on account of the increasing potential for renewable energy. It is witnessing rapid growth in terms of clean energy technologies and is among the world-leading countries in the production and utilization of solar power, wind power, smart grid technologies, fuel cell, and hydrogen generation.
China has the worst air quality in the world compared to other countries, following which numerous regulatory policies have been implemented to curb carbon emissions. The government of China is contributing significantly to technological developments as solid oxide fuel cell technology helps in the reduction of carbon emissions.
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Target buyers of China solid oxide fuel cell market databook
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Our clientele includes a mix of solid oxide fuel cell market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China solid oxide fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into China solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China solid oxide fuel cell market size, by application, 2018-2030 (US$M)
China Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)
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