Global Solid Oxide Fuel Cell SOFC Market Research Report 2023(Status and Outlook)

Global Solid Oxide Fuel Cell SOFC Market Research Report 2023(Status and Outlook)



Report Overview

Solid oxide fuel cells are emission free power sources, which run on electrochemical conversion reactions. SOFC use ceramic electrolytes that are hard and non-porous in nature. As the electrolyte is a solid, the cells are not necessarily constructed in a plate-like configuration as seen in other fuel cell types. Electrical efficiency provided is around 50% to 60%. In applications designed to capture and utilize the system's waste heat (cogeneration), the overall fuel use efficiency could top 80% to 85% and operate at very high temperatures of around 1,000°C (1,830°F). The unique properties of solid oxide fuel cell such as portability, long-term stability, easy fuel selection, and emission-free power serve this requirement. These cells have vast applications, with military applications expecting the highest growth. Planar SOFC has been identified to be the dominating fuel cell in the market for its versatility. This report studies the Solid Oxide Fuel Cell (SOFC) market, from angles of players, regions, product types and end industries, to analyze the status and the future. The scope of this report is mainly for commercial companies, excluding products from government departments and research institutions.

Global Solid Oxide Fuel Cell (SOFC) key players include Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi Corp, etc. Global top five manufacturers hold a share about 60%. North America and Europe is the largest market, both with a share about 30%, followed by Japan, with a share about 10 percent. In terms of product, Planar is the largest segment, with a share about 55%. And in terms of application, the largest application is Stationary, followed by Transportation, Portable & Military.

The Global Solid Oxide Fuel Cell SOFC Market Size was estimated at USD 558.00 million in 2022 and is projected to reach USD 1312.75 million by 2029, exhibiting a CAGR of 13.00% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Solid Oxide Fuel Cell SOFC 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 Solid Oxide Fuel Cell SOFC 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 Solid Oxide Fuel Cell SOFC market in any manner.

Global Solid Oxide Fuel Cell SOFC 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

Siemens Energy

Aisin Seiki

Mitsubishi Heavy Industries

Delphi

GE

Convion

FuelCell Energy

Atrex Energy, Inc

SOLIDpower

ZTEK

Redox Power Systems

Ceres

Elcogen

Market Segmentation (by Type)

Tubular

Planar

Others

Market Segmentation (by Application)

Paints & Coatings

Printing Inks

Cosmetics & Personal Care

Pharmaceuticals

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 Solid Oxide Fuel Cell SOFC Market

Overview of the regional outlook of the Solid Oxide Fuel Cell SOFC 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


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Solid Oxide Fuel Cell SOFC
1.2 Key Market Segments
1.2.1 Solid Oxide Fuel Cell SOFC Segment by Type
1.2.2 Solid Oxide Fuel Cell SOFC Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Solid Oxide Fuel Cell SOFC Market Overview
2.1 Global Market Overview
2.1.1 Global Solid Oxide Fuel Cell SOFC Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Solid Oxide Fuel Cell SOFC Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Solid Oxide Fuel Cell SOFC Market Competitive Landscape
3.1 Global Solid Oxide Fuel Cell SOFC Sales by Manufacturers (2018-2023)
3.2 Global Solid Oxide Fuel Cell SOFC Revenue Market Share by Manufacturers (2018-2023)
3.3 Solid Oxide Fuel Cell SOFC Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Solid Oxide Fuel Cell SOFC Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Solid Oxide Fuel Cell SOFC Sales Sites, Area Served, Product Type
3.6 Solid Oxide Fuel Cell SOFC Market Competitive Situation and Trends
3.6.1 Solid Oxide Fuel Cell SOFC Market Concentration Rate
3.6.2 Global 5 and 10 Largest Solid Oxide Fuel Cell SOFC Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Solid Oxide Fuel Cell SOFC Industry Chain Analysis
4.1 Solid Oxide Fuel Cell SOFC Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Solid Oxide Fuel Cell SOFC Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Solid Oxide Fuel Cell SOFC Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Solid Oxide Fuel Cell SOFC Sales Market Share by Type (2018-2023)
6.3 Global Solid Oxide Fuel Cell SOFC Market Size Market Share by Type (2018-2023)
6.4 Global Solid Oxide Fuel Cell SOFC Price by Type (2018-2023)
7 Solid Oxide Fuel Cell SOFC Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Solid Oxide Fuel Cell SOFC Market Sales by Application (2018-2023)
7.3 Global Solid Oxide Fuel Cell SOFC Market Size (M USD) by Application (2018-2023)
7.4 Global Solid Oxide Fuel Cell SOFC Sales Growth Rate by Application (2018-2023)
8 Solid Oxide Fuel Cell SOFC Market Segmentation by Region
8.1 Global Solid Oxide Fuel Cell SOFC Sales by Region
8.1.1 Global Solid Oxide Fuel Cell SOFC Sales by Region
8.1.2 Global Solid Oxide Fuel Cell SOFC Sales Market Share by Region
8.2 North America
8.2.1 North America Solid Oxide Fuel Cell SOFC Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Solid Oxide Fuel Cell SOFC Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Solid Oxide Fuel Cell SOFC Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Solid Oxide Fuel Cell SOFC Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Solid Oxide Fuel Cell SOFC Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Bloom Energy
9.1.1 Bloom Energy Solid Oxide Fuel Cell SOFC Basic Information
9.1.2 Bloom Energy Solid Oxide Fuel Cell SOFC Product Overview
9.1.3 Bloom Energy Solid Oxide Fuel Cell SOFC Product Market Performance
9.1.4 Bloom Energy Business Overview
9.1.5 Bloom Energy Solid Oxide Fuel Cell SOFC SWOT Analysis
9.1.6 Bloom Energy Recent Developments
9.2 Siemens Energy
9.2.1 Siemens Energy Solid Oxide Fuel Cell SOFC Basic Information
9.2.2 Siemens Energy Solid Oxide Fuel Cell SOFC Product Overview
9.2.3 Siemens Energy Solid Oxide Fuel Cell SOFC Product Market Performance
9.2.4 Siemens Energy Business Overview
9.2.5 Siemens Energy Solid Oxide Fuel Cell SOFC SWOT Analysis
9.2.6 Siemens Energy Recent Developments
9.3 Aisin Seiki
9.3.1 Aisin Seiki Solid Oxide Fuel Cell SOFC Basic Information
9.3.2 Aisin Seiki Solid Oxide Fuel Cell SOFC Product Overview
9.3.3 Aisin Seiki Solid Oxide Fuel Cell SOFC Product Market Performance
9.3.4 Aisin Seiki Business Overview
9.3.5 Aisin Seiki Solid Oxide Fuel Cell SOFC SWOT Analysis
9.3.6 Aisin Seiki Recent Developments
9.4 Mitsubishi Heavy Industries
9.4.1 Mitsubishi Heavy Industries Solid Oxide Fuel Cell SOFC Basic Information
9.4.2 Mitsubishi Heavy Industries Solid Oxide Fuel Cell SOFC Product Overview
9.4.3 Mitsubishi Heavy Industries Solid Oxide Fuel Cell SOFC Product Market Performance
9.4.4 Mitsubishi Heavy Industries Business Overview
9.4.5 Mitsubishi Heavy Industries Solid Oxide Fuel Cell SOFC SWOT Analysis
9.4.6 Mitsubishi Heavy Industries Recent Developments
9.5 Delphi
9.5.1 Delphi Solid Oxide Fuel Cell SOFC Basic Information
9.5.2 Delphi Solid Oxide Fuel Cell SOFC Product Overview
9.5.3 Delphi Solid Oxide Fuel Cell SOFC Product Market Performance
9.5.4 Delphi Business Overview
9.5.5 Delphi Solid Oxide Fuel Cell SOFC SWOT Analysis
9.5.6 Delphi Recent Developments
9.6 GE
9.6.1 GE Solid Oxide Fuel Cell SOFC Basic Information
9.6.2 GE Solid Oxide Fuel Cell SOFC Product Overview
9.6.3 GE Solid Oxide Fuel Cell SOFC Product Market Performance
9.6.4 GE Business Overview
9.6.5 GE Recent Developments
9.7 Convion
9.7.1 Convion Solid Oxide Fuel Cell SOFC Basic Information
9.7.2 Convion Solid Oxide Fuel Cell SOFC Product Overview
9.7.3 Convion Solid Oxide Fuel Cell SOFC Product Market Performance
9.7.4 Convion Business Overview
9.7.5 Convion Recent Developments
9.8 FuelCell Energy
9.8.1 FuelCell Energy Solid Oxide Fuel Cell SOFC Basic Information
9.8.2 FuelCell Energy Solid Oxide Fuel Cell SOFC Product Overview
9.8.3 FuelCell Energy Solid Oxide Fuel Cell SOFC Product Market Performance
9.8.4 FuelCell Energy Business Overview
9.8.5 FuelCell Energy Recent Developments
9.9 Atrex Energy, Inc
9.9.1 Atrex Energy, Inc Solid Oxide Fuel Cell SOFC Basic Information
9.9.2 Atrex Energy, Inc Solid Oxide Fuel Cell SOFC Product Overview
9.9.3 Atrex Energy, Inc Solid Oxide Fuel Cell SOFC Product Market Performance
9.9.4 Atrex Energy, Inc Business Overview
9.9.5 Atrex Energy, Inc Recent Developments
9.10 SOLIDpower
9.10.1 SOLIDpower Solid Oxide Fuel Cell SOFC Basic Information
9.10.2 SOLIDpower Solid Oxide Fuel Cell SOFC Product Overview
9.10.3 SOLIDpower Solid Oxide Fuel Cell SOFC Product Market Performance
9.10.4 SOLIDpower Business Overview
9.10.5 SOLIDpower Recent Developments
9.11 ZTEK
9.11.1 ZTEK Solid Oxide Fuel Cell SOFC Basic Information
9.11.2 ZTEK Solid Oxide Fuel Cell SOFC Product Overview
9.11.3 ZTEK Solid Oxide Fuel Cell SOFC Product Market Performance
9.11.4 ZTEK Business Overview
9.11.5 ZTEK Recent Developments
9.12 Redox Power Systems
9.12.1 Redox Power Systems Solid Oxide Fuel Cell SOFC Basic Information
9.12.2 Redox Power Systems Solid Oxide Fuel Cell SOFC Product Overview
9.12.3 Redox Power Systems Solid Oxide Fuel Cell SOFC Product Market Performance
9.12.4 Redox Power Systems Business Overview
9.12.5 Redox Power Systems Recent Developments
9.13 Ceres
9.13.1 Ceres Solid Oxide Fuel Cell SOFC Basic Information
9.13.2 Ceres Solid Oxide Fuel Cell SOFC Product Overview
9.13.3 Ceres Solid Oxide Fuel Cell SOFC Product Market Performance
9.13.4 Ceres Business Overview
9.13.5 Ceres Recent Developments
9.14 Elcogen
9.14.1 Elcogen Solid Oxide Fuel Cell SOFC Basic Information
9.14.2 Elcogen Solid Oxide Fuel Cell SOFC Product Overview
9.14.3 Elcogen Solid Oxide Fuel Cell SOFC Product Market Performance
9.14.4 Elcogen Business Overview
9.14.5 Elcogen Recent Developments
10 Solid Oxide Fuel Cell SOFC Market Forecast by Region
10.1 Global Solid Oxide Fuel Cell SOFC Market Size Forecast
10.2 Global Solid Oxide Fuel Cell SOFC Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Solid Oxide Fuel Cell SOFC Market Size Forecast by Country
10.2.3 Asia Pacific Solid Oxide Fuel Cell SOFC Market Size Forecast by Region
10.2.4 South America Solid Oxide Fuel Cell SOFC Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Solid Oxide Fuel Cell SOFC by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Solid Oxide Fuel Cell SOFC Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Solid Oxide Fuel Cell SOFC by Type (2024-2029)
11.1.2 Global Solid Oxide Fuel Cell SOFC Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Solid Oxide Fuel Cell SOFC by Type (2024-2029)
11.2 Global Solid Oxide Fuel Cell SOFC Market Forecast by Application (2024-2029)
11.2.1 Global Solid Oxide Fuel Cell SOFC Sales (K Units) Forecast by Application
11.2.2 Global Solid Oxide Fuel Cell SOFC Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings