
A Solid Oxide Fuel Cell (SOFC) system is an electrochemical device that converts chemical energy from fuel into electricity through an electrochemical reaction. SOFCs operate at high temperatures, typically between 500°C and 1000°C (932°F - 1832°F), allowing them to efficiently convert a variety of fuels into electricity with high efficiency and low emissions. These systems are considered a promising technology for clean and efficient power generation in various applications, including stationary power generation, transportation, and portable power systems.
The global Solid Oxide Fuel Cell (SOFC) Systems market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.
The “Solid Oxide Fuel Cell (SOFC) Systems Industry Forecast” looks at past sales and reviews total world Solid Oxide Fuel Cell (SOFC) Systems sales in 2023, providing a comprehensive analysis by region and market sector of projected Solid Oxide Fuel Cell (SOFC) Systems sales for 2024 through 2030. With Solid Oxide Fuel Cell (SOFC) Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid Oxide Fuel Cell (SOFC) Systems industry.
This Insight Report provides a comprehensive analysis of the global Solid Oxide Fuel Cell (SOFC) Systems 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 Solid Oxide Fuel Cell (SOFC) Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solid Oxide Fuel Cell (SOFC) Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid Oxide Fuel Cell (SOFC) Systems 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 Solid Oxide Fuel Cell (SOFC) Systems.
United States market for Solid Oxide Fuel Cell (SOFC) Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Solid Oxide Fuel Cell (SOFC) Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Solid Oxide Fuel Cell (SOFC) Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Solid Oxide Fuel Cell (SOFC) Systems players cover Toshiba, Siemens, POSCO ENERGY, Bloom Energy and Cummins, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Solid Oxide Fuel Cell (SOFC) Systems market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Below 10KW
10-20KW
Above 20 KW
Segmentation by application
Residential
Commercial
Industrial
Others
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 analyzing the company's coverage, product portfolio, its market penetration.
Toshiba
Siemens
POSCO ENERGY
Bloom Energy
Cummins
FuelCell Energy
Plug Power
Doosan
Altergy
AFC Energy
PowerCell
SolydEra
GenCell Ltd.
Aris Renewable Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solid Oxide Fuel Cell (SOFC) Systems market?
What factors are driving Solid Oxide Fuel Cell (SOFC) Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solid Oxide Fuel Cell (SOFC) Systems market opportunities vary by end market size?
How does Solid Oxide Fuel Cell (SOFC) Systems break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solid Oxide Fuel Cell (SOFC) Systems by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solid Oxide Fuel Cell (SOFC) Systems by Country/Region, 2019, 2023 & 2030
2.2 Solid Oxide Fuel Cell (SOFC) Systems Segment by Type
2.2.1 Below 10KW
2.2.2 10-20KW
2.2.3 Above 20 KW
2.3 Solid Oxide Fuel Cell (SOFC) Systems Sales by Type
2.3.1 Global Solid Oxide Fuel Cell (SOFC) Systems Sales Market Share by Type (2019-2024)
2.3.2 Global Solid Oxide Fuel Cell (SOFC) Systems Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solid Oxide Fuel Cell (SOFC) Systems Sale Price by Type (2019-2024)
2.4 Solid Oxide Fuel Cell (SOFC) Systems Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.4.4 Others
2.5 Solid Oxide Fuel Cell (SOFC) Systems Sales by Application
2.5.1 Global Solid Oxide Fuel Cell (SOFC) Systems Sale Market Share by Application (2019-2024)
2.5.2 Global Solid Oxide Fuel Cell (SOFC) Systems Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solid Oxide Fuel Cell (SOFC) Systems Sale Price by Application (2019-2024)
3 Global Solid Oxide Fuel Cell (SOFC) Systems by Company
3.1 Global Solid Oxide Fuel Cell (SOFC) Systems Breakdown Data by Company
3.1.1 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Sales by Company (2019-2024)
3.1.2 Global Solid Oxide Fuel Cell (SOFC) Systems Sales Market Share by Company (2019-2024)
3.2 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Revenue by Company (2019-2024)
3.2.1 Global Solid Oxide Fuel Cell (SOFC) Systems Revenue by Company (2019-2024)
3.2.2 Global Solid Oxide Fuel Cell (SOFC) Systems Revenue Market Share by Company (2019-2024)
3.3 Global Solid Oxide Fuel Cell (SOFC) Systems Sale Price by Company
3.4 Key Manufacturers Solid Oxide Fuel Cell (SOFC) Systems Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solid Oxide Fuel Cell (SOFC) Systems Product Location Distribution
3.4.2 Players Solid Oxide Fuel Cell (SOFC) Systems Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solid Oxide Fuel Cell (SOFC) Systems by Geographic Region
4.1 World Historic Solid Oxide Fuel Cell (SOFC) Systems Market Size by Geographic Region (2019-2024)
4.1.1 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solid Oxide Fuel Cell (SOFC) Systems Market Size by Country/Region (2019-2024)
4.2.1 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solid Oxide Fuel Cell (SOFC) Systems Sales Growth
4.4 APAC Solid Oxide Fuel Cell (SOFC) Systems Sales Growth
4.5 Europe Solid Oxide Fuel Cell (SOFC) Systems Sales Growth
4.6 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems Sales Growth
5 Americas
5.1 Americas Solid Oxide Fuel Cell (SOFC) Systems Sales by Country
5.1.1 Americas Solid Oxide Fuel Cell (SOFC) Systems Sales by Country (2019-2024)
5.1.2 Americas Solid Oxide Fuel Cell (SOFC) Systems Revenue by Country (2019-2024)
5.2 Americas Solid Oxide Fuel Cell (SOFC) Systems Sales by Type
5.3 Americas Solid Oxide Fuel Cell (SOFC) Systems Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solid Oxide Fuel Cell (SOFC) Systems Sales by Region
6.1.1 APAC Solid Oxide Fuel Cell (SOFC) Systems Sales by Region (2019-2024)
6.1.2 APAC Solid Oxide Fuel Cell (SOFC) Systems Revenue by Region (2019-2024)
6.2 APAC Solid Oxide Fuel Cell (SOFC) Systems Sales by Type
6.3 APAC Solid Oxide Fuel Cell (SOFC) Systems Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solid Oxide Fuel Cell (SOFC) Systems by Country
7.1.1 Europe Solid Oxide Fuel Cell (SOFC) Systems Sales by Country (2019-2024)
7.1.2 Europe Solid Oxide Fuel Cell (SOFC) Systems Revenue by Country (2019-2024)
7.2 Europe Solid Oxide Fuel Cell (SOFC) Systems Sales by Type
7.3 Europe Solid Oxide Fuel Cell (SOFC) Systems Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems by Country
8.1.1 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems Revenue by Country (2019-2024)
8.2 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems Sales by Type
8.3 Middle East & Africa Solid Oxide Fuel Cell (SOFC) Systems Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solid Oxide Fuel Cell (SOFC) Systems
10.3 Manufacturing Process Analysis of Solid Oxide Fuel Cell (SOFC) Systems
10.4 Industry Chain Structure of Solid Oxide Fuel Cell (SOFC) Systems
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solid Oxide Fuel Cell (SOFC) Systems Distributors
11.3 Solid Oxide Fuel Cell (SOFC) Systems Customer
12 World Forecast Review for Solid Oxide Fuel Cell (SOFC) Systems by Geographic Region
12.1 Global Solid Oxide Fuel Cell (SOFC) Systems Market Size Forecast by Region
12.1.1 Global Solid Oxide Fuel Cell (SOFC) Systems Forecast by Region (2025-2030)
12.1.2 Global Solid Oxide Fuel Cell (SOFC) Systems Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solid Oxide Fuel Cell (SOFC) Systems Forecast by Type
12.7 Global Solid Oxide Fuel Cell (SOFC) Systems Forecast by Application
13 Key Players Analysis
13.1 Toshiba
13.1.1 Toshiba Company Information
13.1.2 Toshiba Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.1.3 Toshiba Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Toshiba Main Business Overview
13.1.5 Toshiba Latest Developments
13.2 Siemens
13.2.1 Siemens Company Information
13.2.2 Siemens Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.2.3 Siemens Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Siemens Main Business Overview
13.2.5 Siemens Latest Developments
13.3 POSCO ENERGY
13.3.1 POSCO ENERGY Company Information
13.3.2 POSCO ENERGY Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.3.3 POSCO ENERGY Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 POSCO ENERGY Main Business Overview
13.3.5 POSCO ENERGY Latest Developments
13.4 Bloom Energy
13.4.1 Bloom Energy Company Information
13.4.2 Bloom Energy Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.4.3 Bloom Energy Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Bloom Energy Main Business Overview
13.4.5 Bloom Energy Latest Developments
13.5 Cummins
13.5.1 Cummins Company Information
13.5.2 Cummins Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.5.3 Cummins Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Cummins Main Business Overview
13.5.5 Cummins Latest Developments
13.6 FuelCell Energy
13.6.1 FuelCell Energy Company Information
13.6.2 FuelCell Energy Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.6.3 FuelCell Energy Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 FuelCell Energy Main Business Overview
13.6.5 FuelCell Energy Latest Developments
13.7 Plug Power
13.7.1 Plug Power Company Information
13.7.2 Plug Power Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.7.3 Plug Power Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Plug Power Main Business Overview
13.7.5 Plug Power Latest Developments
13.8 Doosan
13.8.1 Doosan Company Information
13.8.2 Doosan Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.8.3 Doosan Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Doosan Main Business Overview
13.8.5 Doosan Latest Developments
13.9 Altergy
13.9.1 Altergy Company Information
13.9.2 Altergy Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.9.3 Altergy Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Altergy Main Business Overview
13.9.5 Altergy Latest Developments
13.10 AFC Energy
13.10.1 AFC Energy Company Information
13.10.2 AFC Energy Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.10.3 AFC Energy Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 AFC Energy Main Business Overview
13.10.5 AFC Energy Latest Developments
13.11 PowerCell
13.11.1 PowerCell Company Information
13.11.2 PowerCell Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.11.3 PowerCell Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 PowerCell Main Business Overview
13.11.5 PowerCell Latest Developments
13.12 SolydEra
13.12.1 SolydEra Company Information
13.12.2 SolydEra Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.12.3 SolydEra Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 SolydEra Main Business Overview
13.12.5 SolydEra Latest Developments
13.13 GenCell Ltd.
13.13.1 GenCell Ltd. Company Information
13.13.2 GenCell Ltd. Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.13.3 GenCell Ltd. Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 GenCell Ltd. Main Business Overview
13.13.5 GenCell Ltd. Latest Developments
13.14 Aris Renewable Energy
13.14.1 Aris Renewable Energy Company Information
13.14.2 Aris Renewable Energy Solid Oxide Fuel Cell (SOFC) Systems Product Portfolios and Specifications
13.14.3 Aris Renewable Energy Solid Oxide Fuel Cell (SOFC) Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Aris Renewable Energy Main Business Overview
13.14.5 Aris Renewable Energy Latest Developments
14 Research Findings and Conclusion
*If Applicable.
