Global Solid Oxide Fuel Cell Market Size, Share, Opportunities, And Trends By Type (Planar, Tubular, Thin film), By End-users (Data centers, Military & defense, Automotive, Others), And By Geography - Forecasts From 2025 To 2030

Description

Solid Oxide Fuel Cell Market Size:

The Solid Oxide Fuel Cell Market is expected to climb from USD 1.985 billion in 2025 to USD 5.784 billion by 2030, with a 23.85% compound annual growth rate (CAGR).

Solid Oxide Fuel Cell Market Trends:

The market for solid oxide fuel cells is expected to be driven by increasing investments to promote a sustainable environment, increasing demand for renewable sources of energy, and increasing the development of energy-efficient systems to fulfill the additional power demands. Nowadays, with increasing awareness of the sustainable environment by reducing greenhouse gas emissions, the demand for solid oxide fuel cells is further increasing, which leads to potential growth in the forecast period. In addition, to the increasing research and development of fuel cell programs, government subsidies are also boosting the demand for the solid oxide fuel cell markets. North America and Europe have a significant demand for clean fuel because of the increasing government awareness and strict rules for carbon emissions into the environment.

Solid Oxide Fuel Cell Market Segment Analysis:

By application, the market of solid oxide fuel cells is segmented into stationary, portable, transportation, commercial & industrial, residential, and energy storage. The stationary segment is expected to have significant growth in the forecast period and will have a significant market share as well. The growth of this segment is driven by the increasing demand for hydrogen-based fuel cells that are used to meet the additional demand for energy. Asia Pacific region has the potential to grow in this segment, especially, in China, India, and South Korea. The segmentation of the market by the end-users is done into data centers, military & defense, power generation, automotive, hydrogen generation, and others. Among them, power generation is the significant segment that has potential growth in the forecast period. The increasing demand for energy-efficient renewable sources of energy is driving this segment of the market, as power generation is an essential part of all activities (residential, commercial, and industrial) such as defense & military, data centers, and so on. Following that, data centers and military & defense have significant potential to grow in the forecast period because of the increasing demand for data centers in the Asia Pacific region, mainly driven by industrialization.

By region, the solid oxide fuel cell market has a significant market share in North America along with a potential growth opportunity in the forecast period. This region is mainly driven by the growth opportunities in the US and Canada, which are driven by the increasing demand for research and development for hydrogen generation and increasing demand for fuel cell power. After North America, the Asia Pacific region has a significant market share and significant potential growth opportunity in the solid fuel cell market, followed by the Europe region. By type, the market is segmented into tabular, planar, and thin sheets, where the planar segment is expected to have a significant market share as well as a significant growth rate in the market. The growth of this market’s segment is driven by the features of the planar fuel cells, that is, its easy construction process and geometry.

Solid Oxide Fuel Cell Market Recent Developments

In 2019, FuelCell Energy initiated a project to increase the commercialization of the technology for various uses such as power generation, energy storage, and so on. The project is backed by the Cooperative Agreement issued by US DoE. Bloom Energy collaborated with Samsung Heavy Industries to deliver innovative solid oxide fuel cells mainly for maritime applications to reduce the 50% emissions from marine vessels by 2050. Bloom Energy holds the dominant market share in the solid oxide fuel cell market, primarily in the US, South Korea, Japan, and India.

Decarbonization is what every government aims to achieve while fulfilling the increasing demand for heat, power, and transport. This will be assisted by the fuel cells and technology which will emit no carbon. Adelina is working on a project, funded by the UK Research and Innovation, to develop hydrogen-based fuel cells by 2040 to achieve decarbonization. Doosan FuelCell is developing a Korean-based solid oxide fuel cell to achieve high-efficiency power generation by 2024. Along with it, the company has signed an agreement with Ceres Power, to develop an 800-degree Celsius or higher temperature solid oxide fuel cell in order to achieve high-power efficiency.

Elcogen is expected to be $4.9 billion by 2022 in the solid oxide fuel cell market. Elcogen is expected to have a huge potential growth rate in the personal consumption sector for the solid oxide fuel cell market for heat and power generation but the major challenge that has to be faced is the high cost of the technology and the higher operating temperatures.

Solid Oxide Fuel Cell Market Geographical Outlook:

• APAC to witness lucrative growth

The Asia Pacific is expected to have the highest growth in the solid oxide fuel cell market because of the increasing demand for energy, increasing demand for energy-efficient renewable sources of energy to protect the environment, and industrialization and urbanization. In this region, India, China, Japan, and South Korea have the potential and significant growth opportunities in the forecast period. Japan has the potential growth due to the increasing demand for data centres, heat, and power demand for personal consumption. India has investment opportunities, government support, and increasing demand for heat and power which is driving the demand for solid oxide fuel cells in the market.

Solid Oxide Fuel Cell Market Segmentation:

• By Type
  • Planar
  • Tubular
  • Thin film
• By End-users
  • Data centers
  • Military & defense
  • Automotive
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL SOLID OXIDE FUEL CELL MARKET BY TYPE

5.1. Introduction

5.2. Planar

5.3. Tubular

5.4. Thin film

6. GLOBAL SOLID OXIDE FUEL CELL MARKET BY END-USERS

6.1. Introduction

6.2. Data centers

6.3. Military & defense

6.4. Automotive

6.5. Others

7. GLOBAL SOLID OXIDE FUEL CELL MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Bloom Energy

9.2. CMR Prototech

9.3. Eclogen

9.4. Adelan

9.5. Aisin Seiki

9.6. Adaptive Energy

9.7. Convion Fuel Cells

9.8. Kyocera

9.9. Ztek Corporation

9.10. Cummins

9.11. Posco Energy

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Bloom Energy

CMR Prototech

Eclogen

Adelan

Aisin Seiki

Adaptive Energy

Convion Fuel Cells

Kyocera

Ztek Corporation

Cummins

Posco Energy

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