Europe Solid Oxide Fuel Cell Market Size & Outlook

The solid oxide fuel cell market in Europe is expected to reach a projected revenue of US$ 294.9 million by 2030. A compound annual growth rate of 23% is expected of Europe solid oxide fuel cell market from 2023 to 2030.
Revenue, 2022 (US$M)
$56.1
Forecast, 2030 (US$M)
$294.9
CAGR, 2023 - 2030
23.1%
Report Coverage
Europe

Europe solid oxide fuel cell market highlights

  • The Europe solid oxide fuel cell market generated a revenue of USD 56.1 million in 2022.
  • The market is expected to grow at a CAGR of 23% 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.
  • Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.


Europe data book summary

Market revenue in 2022USD 56.1 million
Market revenue in 2030USD 294.9 million
Growth rate23% (CAGR from 2022 to 2030)
Largest segmentStationary
Fastest growing segmentTransportation
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationStationary, Transportation, Portable
Key market players worldwideBloom 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, Europe region accounted for 12.2% of the global solid oxide fuel cell market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,107.7 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Solid Oxide Fuel Cell Market Scope

Solid oxide fuel cell market segmentation & scope

Solid Oxide Fuel Cell Market Companies

Name Profile # Employees HQ Website

Europe 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 68.45% in 2022. Horizon Databook has segmented the Europe solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.


The development and deployment of solid oxide fuel cell systems in Europe is witnessing an increase due to the projects announced by the European Commission through organizations such as Fuel Cells and Hydrogen Joint Undertaking (FCH JU).

Similarly, Hydrogen Europe is an organization which assists in conducting research activities and provides necessary support for the development and deployment of fuel cell projects, thus driving the growth of the solid oxide fuel cell market.

Germany has emerged as the major market for SOFC in the European region owing to the implementation of supportive policies and subsidy programs for the installation of fuel cell systems in the country.

Reasons to subscribe to Europe solid oxide fuel cell market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe solid oxide fuel cell market databook

  • Our clientele includes a mix of solid oxide fuel cell market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe solid oxide fuel cell market , including forecasts for subscribers. This continent databook contains high-level insights into Europe solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Europe solid oxide fuel cell market size, by country, 2018-2030 (US$M)

Europe Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)

Europe solid oxide fuel cell market size, by country, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more