The Global Solid Oxide Fuel Cell Market is expected to reach $4,369.80 million by 2027 growing at a CAGR of 28.1% from 2020 to 2027. Solid oxide fuel cells (SOFC) are devices installed with a ceramic membrane aiding them to conduct ions and flow currents at higher temperatures. These devices use electrolytes made from zirconium or calcium to attain the necessary electrical efficiency. Its ability to function efficiently at low temperatures has led to investments from major industries.
Factors such as increasing demand for energy-efficient power generation, favourable government investments and rising environmental concerns are driving the growth of the market. However, high fuel cell installation and manufacturing costs are restraining the growth of the market.
Based on the mobility, the stationary segment is going to have a lucrative growth during the forecast period which can be attributed to increasing focus on hydrogen-powered fuel cells for back-up power, highly focusing on utilizing renewable energy and hence opting for utility-scale SOFC power plant by the governments of South Korea, China, and Japan.
The key vendors mentioned are Adelan Ltd, Aisin Seiki Co., Ltd, Atrex Energy Inc, Bloom Energy Corporation, Catator, Ceramic Fuel Cells Limited, Ceres Power Holdings plc, Convion Ltd., Ensol Systems, Fuel Cell Energy, Mitsubishi Heavy Industries, Ltd., Nexceris, LLC, Solidpower Group, Sunfire GmbH and Ultra Electronics Holdings Plc.
Types Covered:
• Thin Film
• Tubular
• Planar
Mobilities Covered:
• Stationary/Non-Transport
• Mobile/Transport
• Portable
Technologies Covered:
• Regenerative Fuel Cells
• Phosphoric Acid Fuel Cells
• Molten Carbonate Fuel Cells
• Direct Methanol Fuel Cells
• Alkaline Fuel Cells
• Polymer Electrolyte Membrane (PEM) Fuel Cells
Applications Covered:
• Data Centers
• Commercial & Retail
• Auxiliary Power Units (APU)
• Residential
• Telecom Towers
• Military & Defence (Unmanned Systems)
• Power Generation
• Automotive
• Hydrogen Generation
• Combined Heat & Power
• Generators
• Aircraft
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Solid Oxide Fuel Cell Market, By Type
5.1 Introduction
5.2 Thin Film
5.3 Tubular
5.4 Planar
6 Global Solid Oxide Fuel Cell Market, By Mobility
6.1 Introduction
6.2 Stationary/Non-Transport
6.3 Mobile/Transport
6.4 Portable
7 Global Solid Oxide Fuel Cell Market, By Technology
7.1 Introduction
7.2 Regenerative Fuel Cells
7.3 Phosphoric Acid Fuel Cells
7.4 Molten Carbonate Fuel Cells
7.5 Direct Methanol Fuel Cells
7.6 Alkaline Fuel Cells
7.7 Polymer Electrolyte Membrane (PEM) Fuel Cells
8 Global Solid Oxide Fuel Cell Market, By Application
8.1 Introduction
8.2 Data Centers
8.3 Commercial & Retail
8.4 Auxiliary Power Units (APU)
8.5 Residential
8.6 Telecom Towers
8.7 Military & Defence (Unmanned Systems)
8.8 Power Generation
8.9 Automotive
8.10 Hydrogen Generation
8.11 Combined Heat & Power
8.12 Generators
8.13 Aircraft
9 Global Solid Oxide Fuel Cell Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Adelan Ltd.
11.2 Aisin Seiki Co., Ltd.
11.3 Atrex Energy Inc.
11.4 Bloom Energy Corporation
11.5 Catator
11.6 Ceramic Fuel Cells Limited
11.7 Ceres Power Holdings plc
11.8 Convion Ltd.
11.9 Ensol Systems
11.10 Fuel Cell Energy
11.11 Mitsubishi Heavy Industries, Ltd.
11.12 Nexceris, LLC
11.13 Solidpower Group
11.14 Sunfire GmbH
11.15 Ultra Electronics Holdings Plc
List of Data Tables
1 Global Solid Oxide Fuel Cell Market Outlook, By Region (2019-2027) ($MN)
2 Global Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
3 Global Solid Oxide Fuel Cell Market Outlook, By Thin Film (2019-2027) ($MN)
4 Global Solid Oxide Fuel Cell Market Outlook, By Tubular (2019-2027) ($MN)
5 Global Solid Oxide Fuel Cell Market Outlook, By Planar (2019-2027) ($MN)
6 Global Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
7 Global Solid Oxide Fuel Cell Market Outlook, By Stationary/Non-Transport (2019-2027) ($MN)
8 Global Solid Oxide Fuel Cell Market Outlook, By Mobile/Transport (2019-2027) ($MN)
9 Global Solid Oxide Fuel Cell Market Outlook, By Portable (2019-2027) ($MN)
10 Global Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
11 Global Solid Oxide Fuel Cell Market Outlook, By Regenerative Fuel Cells (2019-2027) ($MN)
12 Global Solid Oxide Fuel Cell Market Outlook, By Phosphoric Acid Fuel Cells (2019-2027) ($MN)
13 Global Solid Oxide Fuel Cell Market Outlook, By Molten Carbonate Fuel Cells (2019-2027) ($MN)
14 Global Solid Oxide Fuel Cell Market Outlook, By Direct Methanol Fuel Cells (2019-2027) ($MN)
15 Global Solid Oxide Fuel Cell Market Outlook, By Alkaline Fuel Cells (2019-2027) ($MN)
16 Global Solid Oxide Fuel Cell Market Outlook, By Polymer Electrolyte Membrane (PEM) Fuel Cells (2019-2027) ($MN)
17 Global Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)
18 Global Solid Oxide Fuel Cell Market Outlook, By Data Centers (2019-2027) ($MN)
19 Global Solid Oxide Fuel Cell Market Outlook, By Commercial & Retail (2019-2027) ($MN)
20 Global Solid Oxide Fuel Cell Market Outlook, By Auxiliary Power Units (APU) (2019-2027) ($MN)
21 Global Solid Oxide Fuel Cell Market Outlook, By Residential (2019-2027) ($MN)
22 Global Solid Oxide Fuel Cell Market Outlook, By Telecom Towers (2019-2027) ($MN)
23 Global Solid Oxide Fuel Cell Market Outlook, By Military & Defence (Unmanned Systems) (2019-2027) ($MN)
24 Global Solid Oxide Fuel Cell Market Outlook, By Power Generation (2019-2027) ($MN)
25 Global Solid Oxide Fuel Cell Market Outlook, By Automotive (2019-2027) ($MN)
26 Global Solid Oxide Fuel Cell Market Outlook, By Hydrogen Generation (2019-2027) ($MN)
27 Global Solid Oxide Fuel Cell Market Outlook, By Combined Heat & Power (2019-2027) ($MN)
28 Global Solid Oxide Fuel Cell Market Outlook, By Generators (2019-2027) ($MN)
29 Global Solid Oxide Fuel Cell Market Outlook, By Aircraft (2019-2027) ($MN)
30 North America Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
31 North America Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
32 North America Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
33 North America Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)
34 Europe Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
35 Europe Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
36 Europe Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
37 Europe Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)
38 Asia Pacific Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
39 Asia Pacific Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
40 Asia Pacific Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
41 Asia Pacific Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)
42 South America Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
43 South America Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
44 South America Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
45 South America Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)
46 Middle East & Africa Solid Oxide Fuel Cell Market Outlook, By Type (2019-2027) ($MN)
47 Middle East & Africa Solid Oxide Fuel Cell Market Outlook, By Mobility (2019-2027) ($MN)
48 Middle East & Africa Solid Oxide Fuel Cell Market Outlook, By Technology (2019-2027) ($MN)
49 Middle East & Africa Solid Oxide Fuel Cell Market Outlook, By Application (2019-2027) ($MN)