Japan Solid Oxide Fuel Cell Market Size & Outlook
Japan solid oxide fuel cell market, 2018-2030 (US$M)
Related Markets
Japan solid oxide fuel cell market highlights
- The Japan solid oxide fuel cell market generated a revenue of USD 164.5 million in 2022 and is expected to reach USD 1,807.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 34.9% 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 164.5 million |
| Market revenue in 2030 | USD 1,807.0 million |
| Growth rate | 34.9% (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, Japan accounted for 35.9% 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.
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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 89.18% in 2022. Horizon Databook has segmented the Japan solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
The solid oxide fuel cell market in Japan has developed at a tremendous rate and is growing at a significant rate compared to the rest of the world on account of strong government support and strategic market focus. It was the world’s first country to commercialize residential fuel cell systems in 2009. The country is considering hydrogen energy as a sustainable option for its economy as it is primarily dependent (approximately 96%) on imported energy sources.
Some of the driving factors for hydrogen as an energy carrier in Japan include energy saving and security, environmental load reduction, and industrial promotion. The Japanese fuel cell market is over 30 years old. The country’s approach to product development is in tandem with several incremental changes in fuel cell technology.
The success of solid oxide fuel cell technology in Japan is primarily the result of collaboration between institutes, industries, end users, and the government. Technological developments have played the most crucial role in the advancement of solid oxide fuel cell technology in Japan. Some of the latest technological developments have taken place for solid oxide fuel cells (SOFC), direct methanol fuel cells (DMFC), and molten carbonate fuel cells (MCFC).
Reasons to subscribe to Japan 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 Japan 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 country-level data and insights on the Japan solid oxide fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Japan solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan solid oxide fuel cell market size, by application, 2018-2030 (US$M)
Japan Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
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.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
