Germany Solid Oxide Fuel Cell Market Size & Outlook
Germany solid oxide fuel cell market, 2018-2030 (US$M)
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Germany solid oxide fuel cell market highlights
- The Germany solid oxide fuel cell market generated a revenue of USD 38.4 million in 2022 and is expected to reach USD 206.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 23.4% 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 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 |
Other key industry trends
- In terms of revenue, Germany accounted for 8.4% 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 Europe, Germany solid oxide fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 206.9 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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Germany 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 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. Research, development, and demonstration of projects are carried out at the national level with the support of designated agencies to reduce the time taken to market relevant products.
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. One of the major long-term goals of Germany is to become a neutral nation, in terms of greenhouse gas emissions, by 2025. This plan provides outlines on three levels for transforming Germany into a low-carbon economy.
It also provides guiding principles with transformation pathways for concerned areas such as energy, industry, buildings, transport, and agriculture until 2050. 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.
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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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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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Germany solid oxide fuel cell market size, by application, 2018-2030 (US$M)
Germany Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)
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