Solid Oxide Fuel Cell Market - Trends Forecast Till 2028

Market Overview

The global Solid Oxide Fuel Cell market is anticipated to reach USD 852 million by 2025, growing at a CAGR of 26.8% during the forecast period 2021-2028

Solid oxide fuel cells have the potential for development to a sufficient size for applications for commercial electricity generation. Research and product development activities pertaining to utilities and UAVs for the defense sector, along with portable power generation units, have also increased at a significant pace. 

The high focus of the governments worldwide on the utilization of clean energy sources has led to an increase in the overall investments in generating electricity using fuel cells are some of the factors that have supported long-term expansion for the Solid Oxide Fuel Cell market.

Key Findings

Global Solid Oxide Fuel Cell market is segmented into type, application, end-user, and geography.

Type segment is segmented into PEMFC, PAFC, AFC, and MFC.

Application segment is segmented into Portable, Stationary, Transport and other Applications.

End-User segment is segmented into Fuel Cell Vehicles, Utilities, and Defense.

Geographically, the global Solid Oxide Fuel Cell market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America, and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in the global solid oxide fuel cell market are Ballard Power Systems, Cummins, SFC Energy, Bloom Energy, Plug Power, and Fuel Cell Energy, Horizon Fuel Cells, Mitsubishi Hitachi Power Systems, Intelligent Energy, Fuel Cell Energy, Toshiba Energy Systems, and Solution Corporation among others

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for the Solid Oxide Fuel Cell market so as to understand the trends and the factors involved in changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope