Middle East & Africa Solid Oxide Fuel Cell Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$1.1

Forecast, 2030 (US$M)

$2.1

CAGR, 2023 - 2030

8.4%

Report Coverage

Middle East & Africa

Middle East & Africa solid oxide fuel cell market, 2018-2030 (US$M)

Related Markets

Global Solid Oxide Fuel Cell Industry Outlook

North America Solid Oxide Fuel Cell Market Outlook

U.S. Solid Oxide Fuel Cell Market Outlook

Europe Solid Oxide Fuel Cell Market Outlook

Germany Solid Oxide Fuel Cell Market Outlook

France Solid Oxide Fuel Cell Market Outlook

UK Solid Oxide Fuel Cell Market Outlook

Asia Pacific Solid Oxide Fuel Cell Market Outlook

Japan Solid Oxide Fuel Cell Market Outlook

China Solid Oxide Fuel Cell Market Outlook

South Korea Solid Oxide Fuel Cell Market Outlook

Latin America Solid Oxide Fuel Cell Market Outlook

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.

Key Regions: U.S. , UK , Japan , Germany , France

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Solid Oxide Fuel Cell Market Scope

Solid oxide fuel cell market segmentation & scope

Application

Stationary

Transportation

Portable

Regions

Europe

Countries

U.S.

Germany

France

China

South Korea

Japan

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.