Global SOFC and SOEC Market Research Report 2023(Status and Outlook)

Global SOFC and SOEC Market Research Report 2023(Status and Outlook)

Report Overview

The SOFC and SOEC market covers Tubular, Planar, Others, etc. The typical players include Bloom Energy, Special Power Sources (SPS), Aisin Seiki, Mitsubishi Heavy Industries, Delphi Corp, GE, Convion, FuelCell Energy, etc.

The SOFC is an all-solid chemical power generation device that directly converts the chemical energy stored in the fuel and oxidizer into electrical energy at medium and high temperature in an efficient and environmentally friendly manner. The SOFC is a type of fuel cell, which is characterized by the use of solid oxide materials as the electrolyte. SOFC uses a solid oxide electrolyte to conduct negative oxygen ions from the cathode to the anode.

The SOEC is a solid oxide fuel cell that operates in the reverse direction. In the electrolysis mode, under the applied voltage and high temperature, it electrolyzes H2O to produce H2 and O2, and realizes the conversion of electrical and thermal energy into chemical energy.

The global key SOFC and SOEC manufacturers include Bloom Energy, Aisin Seiki, Mitsubishi Heavy Industries, etc. The output value accounting for about 88% of the global output value. These three companies have considerable strength in the industry, especially Bloom Energy, which ranks first.

The Global SOFC and SOEC Market Size was estimated at USD 818.80 million in 2022 and is projected to reach USD 4509.54 million by 2029, exhibiting a CAGR of 27.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global SOFC and SOEC market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global SOFC and SOEC Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the SOFC and SOEC market in any manner.

Global SOFC and SOEC Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bloom Energy

Aisin Seiki

Mitsubishi Heavy Industries

SOLIDpower

Ceres

Convion

Special Power Sources (SPS)

Redox Power Systems

Sunfire GmbH

Fiaxel

ZTEK Corporation

Elcogen

OxEon Energy

Market Segmentation (by Type)

Planar

Tubular

Others

Market Segmentation (by Application)

High-Tech Industry

Heavy Industry

Light Industry

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the SOFC and SOEC Market

Overview of the regional outlook of the SOFC and SOEC Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors