Market Research Report
Solid Oxide Fuel Cells: Technologies and Global Markets
|Solid Oxide Fuel Cells: Technologies and Global Markets|
Published: February 18, 2022
Content info: 298 Pages
Delivery time: 1-2 business days
The global solid oxide fuel cell market should reach $2.3 billion by 2026 from $1.3 billion in 2021 at a compound annual growth rate (CAGR) of 12.5% for the forecast period of 2021 to 2026.
The utility scale segment of the global solid oxide fuel cell market is expected to grow from $752.9 million in 2021 to $1.2 billion in 2026 at a CAGR of 10.3% for the forecast period of 2021 to 2026.
The medium scale segment of the global solid oxide fuel cell market is expected to grow from $242.1 million in 2021 to $453.9 million in 2026 at a CAGR of 13.4% for the forecast period of 2021 to 2026.
This report will cover solid oxide fuel cells used in transport applications as well as stationary power generation and storage applications. Target markets are based on optimistic, pessimistic and consensus alternatives, which are compared to the conventional power generation target and peak shifting opportunities. The current market is emerging with pre-commercial demos and subsidized pilot projects as well as fast-growing niche markets that are quickly becoming established specialty markets.
Over the next five years, these pilots will be expanding into commercial implementations. The 2026 market is also characterized with recent developments in the industry and government initiatives across the globe.
SOFC applications are described and analyzed. The following applications are considered -
SOFC companies are listed, and their detailed profiles are discussed in the Company Profiles chapter.