Market revenue in 2022 | USD 171.8 million |
Market revenue in 2030 | USD 598.0 million |
Growth rate | 16.9% (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 |
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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 76.37% in 2022. Horizon Databook has segmented the North America solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as the U.S. and Canada provide substantial funds in this regard. These funds are likely to aid advancements in research & development activities for solid oxide fuel cell technologies and the development of cost-effective parts for solid oxide fuel cell systems.
For instance, in the U.S., the Department of Energy (DOE) provides funding for fuel cell development through programs such as Fuel Cell Technologies Office (FCTO) and Solid Oxide Fuel Cell (SOFC) program.
In 2017, the country’s government called parties that were interested in receiving this fund. Such funding initiatives by the governments in the U.S. and Canada have driven the growth of the market for solid oxide fuel cell system development & deployment in North America.\
Horizon Databook provides a detailed overview of continent-level data and insights on the North America solid oxide fuel cell market , including forecasts for subscribers. This continent databook contains high-level insights into North America solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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