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North America Solid Oxide Fuel Cells Market Share

Report ID: GMI8942
Published Date: Apr 2024
Report Format: PDF

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North America Solid Oxide Fuel Cells Market Share

North America Solid Oxide Fuel Cell Company Market Share

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Several companies in the U.S. are actively involved in the development, manufacturing, and commercialization of SOFC systems and components. These companies are leveraging advancements in materials science, manufacturing processes, and system integration to improve SOFC performance, reliability, and cost-effectiveness, thereby expanding the market growth. Collaboration between industry, academia, and government entities has played a crucial role in advancing SOFC technology and driving adoption in the U.S.

North America Solid Oxide Fuel Cells Market Companies

Eminent players operating in the North America solid oxide fuel cells industry are:

Cummins Inc.
Ballard Power Systems
PLUG POWER INC.
NUVERA FUEL CELLS, LLC.
Bloom Energy
Panasonic Corporation
Doosan Fuel Cell Co., Ltd.
AISIN CORPORATION
Ceres
SFC Energy AG
TOSHIBA CORPORATION
Robert Bosch GmbH
TW Horizon Fuel Cell Technologies
AFC Energy PLC
Fuel Cell Energy, Inc.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for solid oxide fuel cells in North America reached USD 373.2 billion in 2023 and is set to witness 6.6% CAGR from 2024 to 2032, owing to growing concerns about climate change and air pollution and increasing demand for cleaner and more sustainable energy technologies in the region.

The tubular segment is expected to exceed USD 255 million by 2032, due to its high electrical efficiency, modularity and scalability, allowing for flexible deployment in various applications and settings.

U.S. solid oxide fuel cells industry is expected to cross USD 550 million by 2032, attributed to growing interest in decentralized energy systems and grid resilience in the country.

Panasonic Corporation, Doosan Fuel Cell Co., Ltd., AISIN CORPORATION, Ceres, SFC Energy AG, TOSHIBA CORPORATION, Robert Bosch GmbH, TW Horizon Fuel Cell Technologies, AFC Energy PLC, and Fuel Cell Energy, Inc., are some of the major gas fired boiler companies in Europe.