Global Solid Oxide Fuel Cells Market 2023-2027
Technavio has been monitoring the solid oxide fuel cells market and is forecast to grow by 191.34 MW during 2022-2027, accelerating at a CAGR of 19.46% during the forecast period. Our report on the solid oxide fuel cells market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising energy consumption, flexibility in use of fuels, and support from governments.
Technavio's solid oxide fuel cells market is segmented as below:
By Application
- Stationary
- Transportation
- Portable
By End-user
- Commercial
- Data centers
- Military and defense
- Residentials
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing preference for self-generation as one of the prime reasons driving the solid oxide fuel cells market growth during the next few years. Also, the development of zero-energy homes and increasing R and D activities will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the solid oxide fuel cells market covers the following areas:
- Solid oxide fuel cells market sizing
- Solid oxide fuel cells market forecast
- Solid oxide fuel cells market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solid oxide fuel cells market vendors that include Aisin Corp., Altergy Systems, AVL List GmbH, Bloom Energy Corp., Ceres Power Holdings plc, Convion Ltd., Cummins Inc., EBZ GmbH, Elcogen AS, FuelCell Energy Inc., General Electric Co., Hitachi Zosen Corp., KYOCERA corp., Mitsubishi Heavy Industries Ltd., MIURA Co. Ltd., NGK SPARK PLUG Co. Ltd., Redox Power Systems LLC, SolidPower Spa, Sunfire GmbH, and Watt Fuel Cell Corp.. Also, the solid oxide fuel cells market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.