Global SOFC Market Growth 2025-2031

The global SOFC market size is predicted to grow from US$ 2189 million in 2025 to US$ 10740 million in 2031; it is expected to grow at a CAGR of 30.3% from 2025 to 2031.

The Solid Oxide Fuel Cell (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.

Global SOFC core manufacturers include Bloom Energy, FuelCell Energy, Aisin Seiki, Siemens Energy, Protonex and LG Fuel Cell Systems. The top three manufacturers account for approximately 88% of the global share. North America is the world's largest market, accounting for nearly 60% of the market share.

In terms of product type, planar occupies a dominant position, accounting for 83% of the market share. At the same time, in terms of application, stationary is the largest application field, accounting for 80%.

LP Information, Inc. (LPI) ' newest research report, the “SOFC Industry Forecast” looks at past sales and reviews total world SOFC sales in 2024, providing a comprehensive analysis by region and market sector of projected SOFC sales for 2025 through 2031. With SOFC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOFC industry.

This Insight Report provides a comprehensive analysis of the global SOFC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SOFC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SOFC market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOFC and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SOFC.

This report presents a comprehensive overview, market shares, and growth opportunities of SOFC market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Planar
Tubular
Others

Segmentation by Application:
Transportation
Stationary
Portable & Military

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bloom Energy
Aisin Seiki
Mitsubishi Power
Ceres
SolydEra
Upstart Power
Convion
Special Power Sources (SPS)
Egen Energy
Redox Power Systems
ZTEK Corporation
OxEon Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global SOFC market?

What factors are driving SOFC market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do SOFC market opportunities vary by end market size?

How does SOFC break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.