Solid Oxide Fuel Cell Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global solid oxide fuel cell market size is expected to grow at an average annual growth rate (CAGR) of 30% from 2022 to 2028 to USD 432 million in 2019. Solid oxide fuel cells (SOFCs) are a type of fuel. It uses a solid ceramic electrolyte and can operate on fuels such as natural gas, renewable biogas, or hydrogen. SOFCs can operate at very high temperatures ranging from 800ºC to 1,000 °C and offer an efficiency of over 60%. Increasing awareness of alternative energy sources is one of the key factors driving market growth. Increasing carbon emissions has been a global problem, and government authorities around the world are supporting technological advances to address the problem by providing research funding and drafting support policies and plans. Japan has emerged as one of the major markets for SOFCs around the world due to various incentives and government support policies.

Company Profile

• Sunfire (Germany)
• Convion (Finland)
• Kyocera (Japan)
• Elcogen (Estonia)
• SOLIDPower (Italy)
• Watt Fuel Cell Corporation (US)
• H2E Power (India)
• ZTEK Corporation (US)

Market Segmentation

By type:

• Planar
• Tubular

By application:

• Portable
• Stationary
• Transport

By end user:

• Power Generation
• Automotive
• Hydrogen Generation
• Others

Scope of the Report

The research study analyzes the global Solid Oxide Fuel Cell industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Solid Oxide Fuel Cell Market Report

1. What was the Solid Oxide Fuel Cell Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Solid Oxide Fuel Cell Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Solid Oxide Fuel Cell Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.