Market revenue in 2022 | USD 38.4 million |
Market revenue in 2030 | USD 206.9 million |
Growth rate | 23.4% (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 |
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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 67.45% in 2022. Horizon Databook has segmented the Germany solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is among the leading markets for SOFCs applications in the European region. This can be attributed to structured energy policies and concrete targets introduced by the government of Germany. The future development of technologies related to solid oxide fuel cell has also been defined in the energy policies.
In November 2016, Climate Action Plan 2050 was adopted by the government of Germany. This plan was made to achieve the goals and targets that the country pledged in the Paris Agreement.
The government of Germany recently made financial alterations for funding the National Innovation Program, which aims at making and commercializing fuel cells in the region. Funding worth EUR 700 million was directed by the government toward the research & development of fuel cell technologies from 2014 to 2020.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany solid oxide fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Germany solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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