Global SOFC and SOEC Market Research Report 2023
The global SOFC and SOEC market was valued at US$ 1,289.69 million in 2022 and is anticipated to reach US$ 7,657.82 million by 2029, witnessing a CAGR of 29.56% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for SOFC and SOEC is estimated to increase from $ 813.94 million in 2022 to reach $ 5,164.85 million by 2029, at a CAGR of 30.73% during the forecast period of 2023 through 2029.
Chinese market for SOFC and SOEC is estimated to increase from $ 13.72 million in 2022 to reach $ 442.19 million by 2029, at a CAGR of 65.72% during the forecast period of 2023 through 2029.
The major global manufacturers of SOFC and SOEC include Bloom Energy, Aisin Seiki, Mitsubishi Power, Ceres, SolydEra, Sunfire GmbH, Convion, Special Power Sources (SPS), Topsoe, Redox Power Systems, ZTEK Corporation and OxEon Energy, etc. In 2022, the world's top three vendors accounted for approximately 86.67% of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for SOFC and SOEC, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SOFC and SOEC.
The SOFC and SOEC market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global SOFC and SOEC market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the SOFC and SOEC manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Bloom Energy
Aisin Seiki
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon Energy
by Type
Planar
Tubular
Others
by Application
Stationary
Transportation
Portable & Military
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
South Africa
GCC Countries
Rest of Latin America, Middle East & Africa
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of SOFC and SOEC manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of SOFC and SOEC by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of SOFC and SOEC in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry.
Chapter 10: The main points and conclusions of the report.