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SOFC Market Trends：the global market size is projected to reach USD 10.43 billion by 2030

Published: 2024-09-30

Page Views: 497

Industry: Energy & Power

According to the new market research report “SOFC- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global SOFC market size is projected to reach USD 10.43 billion by 2030, at a CAGR of 28.9% during the forecast period.

• G lobal SOFC Market Size ( US$ Million ), 2019-2030

Source: QYResearch, "SOFC- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global SOFC Top 12 Players Ranking   and   Market   Share ( R anking is based on the revenue of 2023, continually updated)

According to QYResearch Top Players Research Center, the global key manufacturers of SOFC include Bloom Energy, Aisin Seiki, Mitsubishi Power, Ceres, SolydEra, Upstart Power, Egen Energy, Special Power Sources (SPS), Convion, Redox Power Systems, etc. In 2023, the global top 10 players had a share approximately 94.0% in terms of revenue.

Market Drivers:

D1: Favorable government regulations and their ability to cut down emission rates and use domestic sources of energy such as natural gas are some of the key factors likely to boost the market over the next eight years. Furthermore, the rising emphasis of the regional governments of mature economies such as the U.S. and Europe on reducing emissions and their inclination toward a technological shift to support or, to some extent, even replace the aging electric grids is likely to drive the market over the forecast period.

D2: Economies align their policies to favour efficient energy conversion technologies like SOFC in order to fulfil their low carbon targets.

D3: Additionally, increasing adaptivity by end-users like data centers, military and defense, provide ample opportunities for leading companies to invest in SOFC and SOEC, thereby, driving the growth of SOFC in the forecast period.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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