Home > Energy & Power > Emerging Energy Technologies > Fuel Cell > Solid Oxide Fuel Cell Market

Solid Oxide Fuel Cell Market Share

Report ID: GMI5760
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Solid Oxide Fuel Cell Market Share

Solid Oxide Fuel Cell Company Market Share

The competitive landscape in solid oxide fuel cell industry features a blend of established energy firms, innovative startups, and research focused institutions. Leading companies and research institutions are spearheading the product development, targeting various market segments such as residential, commercial, industrial, and transportation applications. Strategic partnerships, technological innovations, and supportive regulatory frameworks will be pivotal in augmenting the market's potential.

Solid Oxide Fuel Cell Market Companies

Eminent players operating in the solid oxide fuel cell industry are:

AFC Energy
Aisin Corporation
Ballard Power Systems
Bloom Energy
Ceres
Cummins
Doosan Fuel Cell
Fuel Cell Energy
Fuji Electric
Hyundai Motor Company
Nedstack Fuel Cell Technology
Nuvera Fuel Cells
Panasonic Corporation
Plug Power
Robert Bosch GmbH
SFC Energy AG
Toshiba Corporation
TW Horizon Fuel Cell Technologies

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for solid oxide fuel cell was reached USD 1.7 billion in 2024 and is estimated to grow at a 7.8% CAGR from 2025 to 2034, driven by increasing demand for unconventional energy sources.

The planar segment is anticipated to exceed USD 2 billion by 2034, due to its high reliability, low maintenance needs, and long lifespan.

The portable segment is set to register a CAGR of more than 6% through 2034, led by rising electricity demand in off-grid locations and growing consumer preference for clean energy systems.

The North America solid oxide fuel cell market is expected to surpass USD 600 million by 2034, propelled by the ongoing replacement of traditional power generation systems and increasing focus on developing unconventional infrastructures.

Key players in the industry include AFC Energy, Aisin Corporation, Ballard Power Systems, Bloom Energy, Ceres, Cummins, Doosan Fuel Cell, Fuel Cell Energy, Fuji Electric, Hyundai Motor Company, Nedstack Fuel Cell Technology, Nuvera Fuel Cells, Panasonic Corporation, Plug Power, Robert Bosch GmbH, SFC Energy AG, Toshiba Corporation, and TW Horizon Fuel Cell Technologies.