Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035

Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035

Solid oxide fuel cell is an advanced energy conversion technology that generates electricity through an electrochemical reaction using a solid ceramic electrolyte. The target market is witnessing robust growth, which is driven by the increasing demand for clean, efficient, and reliable energy systems.

Solid Oxide Fuel Cell Market Report Highlights:

• The solid oxide fuel cell market size is anticipated to grow at a rate of USD 29.8 billion by 2035.
• The target market was valued at USD 2.6 billion in 2024.
• The market is growing at a CAGR of 30.7%.
• North America held the largest share of the market in 2024.
• Asia Pacific is expected to be the fastest-growing market during the forecast period.
• By type, the planar segment is expected to account for the largest share of the solid oxide fuel cell market in the upcoming years.
• On the basis of fuel type, the market is being dominated by the hydrogen segment.
• Based on application, the market is expected to be led by the stationary applications segment during the forecast period.
• Under end-user, the commercial segment is expected to hold the largest share of the solid oxide fuel cell market.

Solid Oxide Fuel Cell Market Key Highlights:

• In December 2024, Ballard Power Systems has announced the signing of a multi-year supply agreement with Stadler US to supply 8 megawatts of FCmove-HD fuel cell engines to power trains for the California Department of Transportation (Caltrans). The supply of the 100kW modules will be integrated into Stadler’s line of zero-emission passenger trains, the FLIRT H2.
• In November 2024, Extending a strong partnership in the deployment of zero-emission public transit, Ballard Power Systems has announced a purchase order to supply 200 fuel cell engines to New Flyer, a subsidiary of NFI Group Inc. a leader in electric mass mobility solutions in North America and Europe focused on bus and coach manufacturing.

Solid Oxide Fuel Cell Market Report Analysis:

Analysis of the Performances of a Solid Oxide Fuel Cell Fed by Biogas in Different Plant Configurations

For instance, in January 2024, according to the research report published by Elsevier B.V., among the different fuels that can be used to power these devices, the operation of Solid Oxide Fuel Cells (SOFCs) coupled with bio-syngas produced by gasification or anaerobic digestion processes is a topic of great interest, due to the good compatibility between the two systems. Integrated biogas-SOFC systems would allow to maximize the production of clean energy from a low calorific value gas (between 4 and 7 kWh/Nm3) produced from biomass and/or waste, in virtuous waste-to-energy schemes, even at low/medium scales thanks to the excellent modularity and scalability of SOFCs. Valorization of waste biomass is also in line with the EU policy for clean energy production.

Browse ∼40 market data tables and ∼38 figures through ∼177 slides and in-depth TOC on “Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035”

Solid Oxide Fuel Cell Market Competitive Landscape:

The key players operating in the market are Bloom Energy, Cummins, Ballard Power Systems, Mitsubishi Heavy Industries, Kyocera, Bosch, CeramTec GmbH, FuelCell Energy, Fuji Electric Co., Ltd., United Technologies Research Center (UTRC), General Electric (GE), Siemens, Aisin Seiki Co., Ltd., Ceres Media Ltd., and SFC Energy AG.