Global SOFC Market Research Report 2024(Status and Outlook)

Global SOFC Market Research Report 2024(Status and Outlook)

Report Overview:

A solid oxide fuel cell (or SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. Fuel cells are characterized by their electrolyte material; the SOFC has a solid oxide or ceramic electrolyte. Advantages of this class of fuel cells include high efficiency, long-term stability, fuel flexibility, low emissions, and relatively low cost. The largest disadvantage is the high operating temperature which results in longer start-up times and mechanical and chemical compatibility issues.

The Global SOFC Market Size was estimated at USD 672.10 million in 2023 and is projected to reach USD 1270.76 million by 2029, exhibiting a CAGR of 11.20% during the forecast period.

This report provides a deep insight into the global SOFC market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global SOFC Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the SOFC market in any manner.

Global SOFC Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bloom Energy

FuelCell Energy

Aisin Seiki

Siemens Energy


LG Fuel Cell Systems


Delphi Corp

ZTEK Corporation

Redox Power Systems

Market Segmentation (by Type)




Market Segmentation (by Application)




Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the SOFC Market
  • Overview of the regional outlook of the SOFC Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 SOFC Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.

1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of SOFC
1.2 Key Market Segments
1.2.1 SOFC Segment by Type
1.2.2 SOFC Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 SOFC Market Overview
2.1 Global Market Overview
2.1.1 Global SOFC Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global SOFC Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 SOFC Market Competitive Landscape
3.1 Global SOFC Sales by Manufacturers (2019-2024)
3.2 Global SOFC Revenue Market Share by Manufacturers (2019-2024)
3.3 SOFC Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global SOFC Average Price by Manufacturers (2019-2024)
3.5 Manufacturers SOFC Sales Sites, Area Served, Product Type
3.6 SOFC Market Competitive Situation and Trends
3.6.1 SOFC Market Concentration Rate
3.6.2 Global 5 and 10 Largest SOFC Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 SOFC Industry Chain Analysis
4.1 SOFC Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of SOFC Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 SOFC Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global SOFC Sales Market Share by Type (2019-2024)
6.3 Global SOFC Market Size Market Share by Type (2019-2024)
6.4 Global SOFC Price by Type (2019-2024)
7 SOFC Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global SOFC Market Sales by Application (2019-2024)
7.3 Global SOFC Market Size (M USD) by Application (2019-2024)
7.4 Global SOFC Sales Growth Rate by Application (2019-2024)
8 SOFC Market Segmentation by Region
8.1 Global SOFC Sales by Region
8.1.1 Global SOFC Sales by Region
8.1.2 Global SOFC Sales Market Share by Region
8.2 North America
8.2.1 North America SOFC Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe SOFC Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific SOFC Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America SOFC Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa SOFC Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Bloom Energy
9.1.1 Bloom Energy SOFC Basic Information
9.1.2 Bloom Energy SOFC Product Overview
9.1.3 Bloom Energy SOFC Product Market Performance
9.1.4 Bloom Energy Business Overview
9.1.5 Bloom Energy SOFC SWOT Analysis
9.1.6 Bloom Energy Recent Developments
9.2 FuelCell Energy
9.2.1 FuelCell Energy SOFC Basic Information
9.2.2 FuelCell Energy SOFC Product Overview
9.2.3 FuelCell Energy SOFC Product Market Performance
9.2.4 FuelCell Energy Business Overview
9.2.5 FuelCell Energy SOFC SWOT Analysis
9.2.6 FuelCell Energy Recent Developments
9.3 Aisin Seiki
9.3.1 Aisin Seiki SOFC Basic Information
9.3.2 Aisin Seiki SOFC Product Overview
9.3.3 Aisin Seiki SOFC Product Market Performance
9.3.4 Aisin Seiki SOFC SWOT Analysis
9.3.5 Aisin Seiki Business Overview
9.3.6 Aisin Seiki Recent Developments
9.4 Siemens Energy
9.4.1 Siemens Energy SOFC Basic Information
9.4.2 Siemens Energy SOFC Product Overview
9.4.3 Siemens Energy SOFC Product Market Performance
9.4.4 Siemens Energy Business Overview
9.4.5 Siemens Energy Recent Developments
9.5 Protonex
9.5.1 Protonex SOFC Basic Information
9.5.2 Protonex SOFC Product Overview
9.5.3 Protonex SOFC Product Market Performance
9.5.4 Protonex Business Overview
9.5.5 Protonex Recent Developments
9.6 LG Fuel Cell Systems
9.6.1 LG Fuel Cell Systems SOFC Basic Information
9.6.2 LG Fuel Cell Systems SOFC Product Overview
9.6.3 LG Fuel Cell Systems SOFC Product Market Performance
9.6.4 LG Fuel Cell Systems Business Overview
9.6.5 LG Fuel Cell Systems Recent Developments
9.7 Acumentrics
9.7.1 Acumentrics SOFC Basic Information
9.7.2 Acumentrics SOFC Product Overview
9.7.3 Acumentrics SOFC Product Market Performance
9.7.4 Acumentrics Business Overview
9.7.5 Acumentrics Recent Developments
9.8 Delphi Corp
9.8.1 Delphi Corp SOFC Basic Information
9.8.2 Delphi Corp SOFC Product Overview
9.8.3 Delphi Corp SOFC Product Market Performance
9.8.4 Delphi Corp Business Overview
9.8.5 Delphi Corp Recent Developments
9.9 ZTEK Corporation
9.9.1 ZTEK Corporation SOFC Basic Information
9.9.2 ZTEK Corporation SOFC Product Overview
9.9.3 ZTEK Corporation SOFC Product Market Performance
9.9.4 ZTEK Corporation Business Overview
9.9.5 ZTEK Corporation Recent Developments
9.10 Redox Power Systems
9.10.1 Redox Power Systems SOFC Basic Information
9.10.2 Redox Power Systems SOFC Product Overview
9.10.3 Redox Power Systems SOFC Product Market Performance
9.10.4 Redox Power Systems Business Overview
9.10.5 Redox Power Systems Recent Developments
10 SOFC Market Forecast by Region
10.1 Global SOFC Market Size Forecast
10.2 Global SOFC Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe SOFC Market Size Forecast by Country
10.2.3 Asia Pacific SOFC Market Size Forecast by Region
10.2.4 South America SOFC Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of SOFC by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global SOFC Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of SOFC by Type (2025-2030)
11.1.2 Global SOFC Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of SOFC by Type (2025-2030)
11.2 Global SOFC Market Forecast by Application (2025-2030)
11.2.1 Global SOFC Sales (K Units) Forecast by Application
11.2.2 Global SOFC Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings