Latin America Solid Oxide Fuel Cell Market Size & Outlook

The solid oxide fuel cell market in Latin America is expected to reach a projected revenue of US$ 52.2 million by 2030. A compound annual growth rate of 22.3% is expected of Latin America solid oxide fuel cell market from 2023 to 2030.
Revenue, 2022 (US$M)
$10.4
Forecast, 2030 (US$M)
$52.2
CAGR, 2023 - 2030
22.3%
Report Coverage
Latin America

Latin America solid oxide fuel cell market highlights

  • The Latin America solid oxide fuel cell market generated a revenue of USD 10.4 million in 2022.
  • The market is expected to grow at a CAGR of 22.3% 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.

Latin America data book summary

Market revenue in 2022USD 10.4 million
Market revenue in 2030USD 52.2 million
Growth rate22.3% (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, Latin America region accounted for 2.3% 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.

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Solid Oxide Fuel Cell Market Scope

Solid oxide fuel cell market segmentation & scope

Solid Oxide Fuel Cell Market Companies

Name Profile # Employees HQ Website

Latin America 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 79.81% in 2022. Horizon Databook has segmented the Latin America solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Solid Oxide Fuel Cell Application Outlook (Revenue, USD Million, 2018-2030)
    • Stationary
    • Transportation
    • Portable

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

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Latin America solid oxide fuel cell market

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

Latin America solid oxide fuel cell market

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