Global Solid Oxide Fuel Cells Market 2023-2027

Description

List of Tables

Technavio has been monitoring the solid oxide fuel cells market and is forecast to grow by 191.34 MW during 2022-2027, accelerating at a CAGR of 19.46% during the forecast period. Our report on the solid oxide fuel cells market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising energy consumption, flexibility in use of fuels, and support from governments.

Technavio's solid oxide fuel cells market is segmented as below:

By Application

Stationary
Transportation
Portable

By End-user

Commercial
Data centers
Military and defense
Residentials

By Geography

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the growing preference for self-generation as one of the prime reasons driving the solid oxide fuel cells market growth during the next few years. Also, the development of zero-energy homes and increasing R and D activities will lead to sizable demand in the market.

Solid oxide fuel cells market sizing
Solid oxide fuel cells market forecast
Solid oxide fuel cells market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solid oxide fuel cells market vendors that include Aisin Corp., Altergy Systems, AVL List GmbH, Bloom Energy Corp., Ceres Power Holdings plc, Convion Ltd., Cummins Inc., EBZ GmbH, Elcogen AS, FuelCell Energy Inc., General Electric Co., Hitachi Zosen Corp., KYOCERA corp., Mitsubishi Heavy Industries Ltd., MIURA Co. Ltd., NGK SPARK PLUG Co. Ltd., Redox Power Systems LLC, SolidPower Spa, Sunfire GmbH, and Watt Fuel Cell Corp.. Also, the solid oxide fuel cells market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

Product Code: IRTNTR71616

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (MW)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (MW)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global solid oxide fuel cells market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global solid oxide fuel cells market 2017 - 2021 (MW)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 (MW)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 (MW)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 (MW)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (MW)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Stationary - Market size and forecast 2022-2027
Exhibit 34: Chart on Stationary - Market size and forecast 2022-2027 (MW)
Exhibit 35: Data Table on Stationary - Market size and forecast 2022-2027 (MW)
Exhibit 36: Chart on Stationary - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Stationary - Year-over-year growth 2022-2027 (%)
6.4 Transportation - Market size and forecast 2022-2027
Exhibit 38: Chart on Transportation - Market size and forecast 2022-2027 (MW)
Exhibit 39: Data Table on Transportation - Market size and forecast 2022-2027 (MW)
Exhibit 40: Chart on Transportation - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Transportation - Year-over-year growth 2022-2027 (%)
6.5 Portable - Market size and forecast 2022-2027
Exhibit 42: Chart on Portable - Market size and forecast 2022-2027 (MW)
Exhibit 43: Data Table on Portable - Market size and forecast 2022-2027 (MW)
Exhibit 44: Chart on Portable - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Portable - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application (MW)
Exhibit 47: Data Table on Market opportunity by Application (MW)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Commercial - Market size and forecast 2022-2027
Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 (MW)
Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 (MW)
Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
7.4 Data centers - Market size and forecast 2022-2027
Exhibit 56: Chart on Data centers - Market size and forecast 2022-2027 (MW)
Exhibit 57: Data Table on Data centers - Market size and forecast 2022-2027 (MW)
Exhibit 58: Chart on Data centers - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Data centers - Year-over-year growth 2022-2027 (%)
7.5 Military and defense - Market size and forecast 2022-2027
Exhibit 60: Chart on Military and defense - Market size and forecast 2022-2027 (MW)
Exhibit 61: Data Table on Military and defense - Market size and forecast 2022-2027 (MW)
Exhibit 62: Chart on Military and defense - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Military and defense - Year-over-year growth 2022-2027 (%)
7.6 Residentials - Market size and forecast 2022-2027
Exhibit 64: Chart on Residentials - Market size and forecast 2022-2027 (MW)
Exhibit 65: Data Table on Residentials - Market size and forecast 2022-2027 (MW)
Exhibit 66: Chart on Residentials - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Residentials - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user (MW)
Exhibit 69: Data Table on Market opportunity by End-user (MW)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share by geography 2022-2027 (%)
Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 (MW)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 (MW)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 (MW)
Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 (MW)
Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 (MW)
Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 (MW)
Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 (MW)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 (MW)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 (MW)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (MW)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 (MW)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 (MW)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 (MW)
Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 (MW)
Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 South Korea - Market size and forecast 2022-2027
Exhibit 103: Chart on South Korea - Market size and forecast 2022-2027 (MW)
Exhibit 104: Data Table on South Korea - Market size and forecast 2022-2027 (MW)
Exhibit 105: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
9.11 China - Market size and forecast 2022-2027
Exhibit 107: Chart on China - Market size and forecast 2022-2027 (MW)
Exhibit 108: Data Table on China - Market size and forecast 2022-2027 (MW)
Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 (MW)
Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 (MW)
Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 115: Market opportunity by geography (MW)
Exhibit 116: Market opportunity by geography (MW) - Volume

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Aisin Corp.
Exhibit 123: Aisin Corp. - Overview
Exhibit 124: Aisin Corp. - Business segments
Exhibit 125: Aisin Corp. - Key offerings
Exhibit 126: Aisin Corp. - Segment focus
12.4 AVL List GmbH
Exhibit 127: AVL List GmbH - Overview
Exhibit 128: AVL List GmbH - Product / Service
Exhibit 129: AVL List GmbH - Key offerings
12.5 Bloom Energy Corp.
Exhibit 130: Bloom Energy Corp. - Overview
Exhibit 131: Bloom Energy Corp. - Product / Service
Exhibit 132: Bloom Energy Corp. - Key news
Exhibit 133: Bloom Energy Corp. - Key offerings
12.6 Ceres Power Holdings plc
Exhibit 134: Ceres Power Holdings plc - Overview
Exhibit 135: Ceres Power Holdings plc - Business segments
Exhibit 136: Ceres Power Holdings plc - Key news
Exhibit 137: Ceres Power Holdings plc - Key offerings
Exhibit 138: Ceres Power Holdings plc - Segment focus
12.7 Convion Ltd.
Exhibit 139: Convion Ltd. - Overview
Exhibit 140: Convion Ltd. - Product / Service
Exhibit 141: Convion Ltd. - Key news
Exhibit 142: Convion Ltd. - Key offerings
12.8 Cummins Inc.
Exhibit 143: Cummins Inc. - Overview
Exhibit 144: Cummins Inc. - Business segments
Exhibit 145: Cummins Inc. - Key offerings
Exhibit 146: Cummins Inc. - Segment focus
12.9 EBZ GmbH
Exhibit 147: EBZ GmbH - Overview
Exhibit 148: EBZ GmbH - Product / Service
Exhibit 149: EBZ GmbH - Key offerings
12.10 Elcogen AS
Exhibit 150: Elcogen AS - Overview
Exhibit 151: Elcogen AS - Product / Service
Exhibit 152: Elcogen AS - Key offerings
12.11 FuelCell Energy Inc.
Exhibit 153: FuelCell Energy Inc. - Overview
Exhibit 154: FuelCell Energy Inc. - Product / Service
Exhibit 155: FuelCell Energy Inc. - Key offerings
12.12 General Electric Co.
Exhibit 156: General Electric Co. - Overview
Exhibit 157: General Electric Co. - Business segments
Exhibit 158: General Electric Co. - Key news
Exhibit 159: General Electric Co. - Key offerings
Exhibit 160: General Electric Co. - Segment focus
12.13 KYOCERA corp.
Exhibit 161: KYOCERA corp. - Overview
Exhibit 162: KYOCERA corp. - Business segments
Exhibit 163: KYOCERA corp. - Key news
Exhibit 164: KYOCERA corp. - Key offerings
Exhibit 165: KYOCERA corp. - Segment focus
12.14 Mitsubishi Heavy Industries Ltd.
Exhibit 166: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 167: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 168: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 169: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 170: Mitsubishi Heavy Industries Ltd. - Segment focus
12.15 MIURA Co. Ltd.
Exhibit 171: MIURA Co. Ltd. - Overview
Exhibit 172: MIURA Co. Ltd. - Product / Service
Exhibit 173: MIURA Co. Ltd. - Key offerings
12.16 NGK SPARK PLUG Co. Ltd.
Exhibit 174: NGK SPARK PLUG Co. Ltd. - Overview
Exhibit 175: NGK SPARK PLUG Co. Ltd. - Business segments
Exhibit 176: NGK SPARK PLUG Co. Ltd. - Key offerings
Exhibit 177: NGK SPARK PLUG Co. Ltd. - Segment focus
12.17 SolidPower Spa
Exhibit 178: SolidPower Spa - Overview
Exhibit 179: SolidPower Spa - Product / Service
Exhibit 180: SolidPower Spa - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations