Middle East & Africa Solid Oxide Fuel Cell Market Size & Outlook
Middle East & Africa solid oxide fuel cell market, 2018-2030 (US$M)
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MEA solid oxide fuel cell market highlights
- The MEA solid oxide fuel cell market generated a revenue of USD 1.1 million in 2022.
- The market is expected to grow at a CAGR of 8.3% 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.
MEA data book summary
| Market revenue in 2022 | USD 1.1 million |
| Market revenue in 2030 | USD 2.1 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 0.2% 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.
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Solid Oxide Fuel Cell Market Scope
Solid Oxide Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 81.82% in 2022. Horizon Databook has segmented the Middle East & Africa solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa 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 Middle East & Africa solid oxide fuel cell market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa solid oxide fuel cell market
Middle East & Africa Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa solid oxide fuel cell market
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