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Global Solid Oxide Fuel Cells (SOFC) Market 2022
Solid oxide fuel cells (SOFC) are electrochemical devices that convert chemical energy of a fuel and oxidant directly into electrical energy. SOFCs are believed to be a critical element of future power generation technologies due to their high fuel-to-power conversion efficiency with minimal adverse influence on the environment. A study by StrategyHelix indicates that the global solid oxide fuel cells market is expected to increase by US$ 931.8 million from 2022 to 2028, garnering a CAGR of 10.3% during the forecast period.
The report provides up-to-date market size data for period 2018-2021 and forecast to 2028 covering key market aspects like sales value for solid oxide fuel cells. The global solid oxide fuel cells market is segmented on the basis of scale, application, end user, and region. Based on scale, the global solid oxide fuel cells market is categorized into medium scale, small scale, utility scale. The utility scale segment captured the largest share of the market in 2021. On the basis of application, the global solid oxide fuel cells market has been segmented into CHP (Combined heat and power), power generation, others. The power generation segment held the largest share of the global solid oxide fuel cells market in 2021 and is anticipated to hold its share during the forecast period. By end user, the global solid oxide fuel cells market has been segmented into commercial, military and defense, residential. In 2021, the commercial segment made up the largest share of revenue generated by the solid oxide fuel cells market. In terms of geography, the global solid oxide fuel cells market has been segmented into Asia Pacific, Europe, North America, Rest of the World (RoW). Among these, North America was accounted for the highest revenue generator in 2021.
The global solid oxide fuel cells market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Alstom SA, Altair Nanotechnologies Inc., American Elements Corp., Aptiv PLC, Ariston Thermo Group, Bloom Energy Corporation, Ceres Power Holdings PLC, Compagnie de Saint-Gobain S.A., Convion Ltd., Cummins Inc., Dana Incorporated, Doosan Fuel Cell Co. Ltd., Elcogen AS, FuelCell Energy Inc., Fuji Electric Co. Ltd., General Electric Company, H.C. Starck GmbH, h2e Power System Inc., Haldor Topsoe A/S, Mitsubishi Heavy Industries Ltd., NGK Insulators Ltd., Ningbo SOFCMAN Energy Technology Co. Ltd., Nippon Telegraph and Telephone Corporation, Plansee SE, POSCO, Sandvik AB, Sumitomo Corporation, TOTO Ltd., Vaillant Group, WATT Fuel Cell Corporation.
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the solid oxide fuel cells market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Scale: medium scale, small scale, utility scale
Application: CHP (Combined heat and power), power generation, others
End user: commercial, military and defense, residential
Region: Asia Pacific, Europe, North America, Rest of the World (RoW)
Years considered: this report covers the period 2018 to 2028
Key Benefits for Stakeholders
– Get a comprehensive picture of the global solid oxide fuel cells market
– Pinpoint growth sectors and trends for investment
Table of Contents
Part 1. Introduction
– Scope of the study
– Study period
– Geographical scope
– Research methodology
Part 2. Solid oxide fuel cells market overview
Part 3. Market breakdown by scale
– Medium scale
– Small scale
– Utility scale
Part 4. Market breakdown by application
– CHP (Combined heat and power)
– Power generation
Part 5. Market breakdown by end user
– Military and defense
Part 6. Market breakdown by region
– Asia Pacific
– North America
– Rest of the World (RoW)
Part 7. Key companies
– Alstom SA
– Altair Nanotechnologies Inc.
– American Elements Corp.
– Aptiv PLC
– Ariston Thermo Group
– Bloom Energy Corporation
– Ceres Power Holdings PLC
– Compagnie de Saint-Gobain S.A.
– Convion Ltd.
– Cummins Inc.
– Dana Incorporated
– Doosan Fuel Cell Co., Ltd.
– Elcogen AS
– FuelCell Energy, Inc.
– Fuji Electric Co., Ltd.
– General Electric Company
– H.C. Starck GmbH
– h2e Power System Inc.
– Haldor Topsoe A/S
– Mitsubishi Heavy Industries, Ltd.
– NGK Insulators, Ltd.
– Ningbo SOFCMAN Energy Technology Co., Ltd.
– Nippon Telegraph and Telephone Corporation
– Plansee SE
– Sandvik AB
– Sumitomo Corporation
– TOTO Ltd.
– Vaillant Group
– WATT Fuel Cell Corporation