Solid Oxide Fuel Cell (SOFC) Market Size, Share, Growth Rate, Revenue, Applications, Industry Demand & Forecast to 2028

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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.
This report contains market size and forecasts of Solid Oxide Fuel Cell (SOFC) in global, including the following market information:
Global Solid Oxide Fuel Cell (SOFC) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Solid Oxide Fuel Cell (SOFC) Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Solid Oxide Fuel Cell (SOFC) companies in 2021 (%)
The global Solid Oxide Fuel Cell (SOFC) market was valued at 652.4 million in 2021 and is projected to reach US$ 1482.4 million by 2028, at a CAGR of 12.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Tubular Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Solid Oxide Fuel Cell (SOFC) include Bloom Energy, Siemens Energy, Aisin Seiki, Mitsubishi Heavy Industries, Delphi, GE, Convion, FuelCell Energy and Atrex Energy, Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Solid Oxide Fuel Cell (SOFC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Solid Oxide Fuel Cell (SOFC) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (SOFC) Market Segment Percentages, by Type, 2021 (%)
– Tubular
– Planar
– Others
Global Solid Oxide Fuel Cell (SOFC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (SOFC) Market Segment Percentages, by Application, 2021 (%)
– Transportation
– Portable & Military
– Stationary
Global Solid Oxide Fuel Cell (SOFC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solid Oxide Fuel Cell (SOFC) Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Solid Oxide Fuel Cell (SOFC) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Solid Oxide Fuel Cell (SOFC) revenues share in global market, 2021 (%)
Key companies Solid Oxide Fuel Cell (SOFC) sales in global market, 2017-2022 (Estimated), (Units)
Key companies Solid Oxide Fuel Cell (SOFC) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– Bloom Energy
– Siemens Energy
– Aisin Seiki
– Mitsubishi Heavy Industries
– Delphi
– GE
– Convion
– FuelCell Energy
– Atrex Energy, Inc
– SOLIDpower
– ZTEK
– Redox Power Systems
– Ceres
– Elcogen

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