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Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035

Publisher Prophecy Market Insights
Published Dec 01, 2024
Length 177 Pages
SKU # PRMI19511566

Description

Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035


Solid oxide fuel cell is an advanced energy conversion technology that generates electricity through an electrochemical reaction using a solid ceramic electrolyte. The target market is witnessing robust growth, which is driven by the increasing demand for clean, efficient, and reliable energy systems.

Solid Oxide Fuel Cell Market Report Highlights:
  • The solid oxide fuel cell market size is anticipated to grow at a rate of USD 29.8 billion by 2035.
  • The target market was valued at USD 2.6 billion in 2024.
  • The market is growing at a CAGR of 30.7%.
  • North America held the largest share of the market in 2024.
  • Asia Pacific is expected to be the fastest-growing market during the forecast period.
  • By type, the planar segment is expected to account for the largest share of the solid oxide fuel cell market in the upcoming years.
  • On the basis of fuel type, the market is being dominated by the hydrogen segment.
  • Based on application, the market is expected to be led by the stationary applications segment during the forecast period.
  • Under end-user, the commercial segment is expected to hold the largest share of the solid oxide fuel cell market.
Solid Oxide Fuel Cell Market Key Highlights:
  • In December 2024, Ballard Power Systems has announced the signing of a multi-year supply agreement with Stadler US to supply 8 megawatts of FCmove-HD fuel cell engines to power trains for the California Department of Transportation (Caltrans). The supply of the 100kW modules will be integrated into Stadler’s line of zero-emission passenger trains, the FLIRT H2.
  • In November 2024, Extending a strong partnership in the deployment of zero-emission public transit, Ballard Power Systems has announced a purchase order to supply 200 fuel cell engines to New Flyer, a subsidiary of NFI Group Inc. a leader in electric mass mobility solutions in North America and Europe focused on bus and coach manufacturing.
Solid Oxide Fuel Cell Market Report Analysis:

Analysis of the Performances of a Solid Oxide Fuel Cell Fed by Biogas in Different Plant Configurations

For instance, in January 2024, according to the research report published by Elsevier B.V., among the different fuels that can be used to power these devices, the operation of Solid Oxide Fuel Cells (SOFCs) coupled with bio-syngas produced by gasification or anaerobic digestion processes is a topic of great interest, due to the good compatibility between the two systems. Integrated biogas-SOFC systems would allow to maximize the production of clean energy from a low calorific value gas (between 4 and 7 kWh/Nm3) produced from biomass and/or waste, in virtuous waste-to-energy schemes, even at low/medium scales thanks to the excellent modularity and scalability of SOFCs. Valorization of waste biomass is also in line with the EU policy for clean energy production.

Browse ∼40 market data tables and ∼38 figures through ∼177 slides and in-depth TOC on “Solid Oxide Fuel Cell Market Size, Share, By Type, Fuel Type, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035”

Solid Oxide Fuel Cell Market Competitive Landscape:

The key players operating in the market are Bloom Energy, Cummins, Ballard Power Systems, Mitsubishi Heavy Industries, Kyocera, Bosch, CeramTec GmbH, FuelCell Energy, Fuji Electric Co., Ltd., United Technologies Research Center (UTRC), General Electric (GE), Siemens, Aisin Seiki Co., Ltd., Ceres Media Ltd., and SFC Energy AG.

Table of Contents

177 Pages
Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
Market Preview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Fuel Type
Market Snippet, By Application
Market Snippet, By End-User
Market Snippet, By Region
Opportunity Map Analysis
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Market Trends
Type Launch
Merger and Acquisitions
Impact Analysis
PEST Analysis
Porter’s Analysis
Analysis for Solid Oxide Fuel Cell Plant on Board a Cruise Ship
Thermodynamic Models of Solid Oxide Fuel Cells (SOFCs)
Integration of Solid Oxide Fuel Cells into oil and gas operations
Market Segmentation, By Type, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Tubular
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Planar
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Monolithic
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Fuel Type, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Natural Gas
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Hydrogen
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Biogas
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Others
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Stationary Applications
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Portable Applications
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Transport Applications
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Other Applications
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By End-User, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Commercial
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Industrial
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Residential
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Military & Defense
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Others
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Regional Trends
North America
Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Fuel Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
U.S
Canada
Asia Pacific
Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Fuel Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Europe
Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Fuel Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
Germany
UK
France
Russia
Italy
Spain
Netherland
Rest of Europe
Latin America
Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Fuel Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Fuel Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
GCC
Israel
South Africa
Rest of Middle East and Africa
Competitive Landscape
Heat Map Analysis
Company Profiles
Bloom Energy
Cummins
Ballard Power Systems
Mitsubishi Heavy Industries
Kyocera
Bosch
CeramTec GmbH
FuelCell Energy
Fuji Electric Co., Ltd.
United Technologies Research Center (UTRC)
General Electric (GE)
Siemens
Aisin Seiki Co., Ltd.
Ceres Media Ltd.
SFC Energy AG

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