Report Description

Global Solid Oxide Fuel Cells Market By Type (Planar & Tubular), By Application (Stationary, Transportation & Portable), By Region (APAC, North America, Europe, Rest of World), Competition Forecast and Opportunities, 2013-2023

  • Publish Date:April, 2018
  • Format : PDF
  • Pages : 128
  • Industry : Power

Global solid oxide fuel cell (SOFC) market was valued at around $ 590 million in 2017 and is projected to grow at a CAGR of over 14% to cross $ 1.3 billion by 2023. Over the last few years, solid oxide fuel cells have been rapidly becoming more economical and efficient to use for commercial as well as residential end use. Moreover, the large-scale development of SOFC by several companies across the globe has enabled the advantages of economies of scale, which is leading to reduction in total cost of development. Additionally, several countries are investing heavily in the research and development of SOFC to address the technical issues hindering the commercialization of SOFC technology. Growing focus towards SOFC technology is expected to have a huge positive impact on the global SOFC market during the forecast period.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • The primary objective of the study was to understand and gain insights about the global SOFC market with their segmental analysis by type and by region.
  • To estimate, calculate and forecast market size for the global SOFC market, in terms of value and power generation per year.
  • To categorize and forecast the global SOFC market by type in terms of tubular & planar cells.
  • To segment and forecast the global SOFC market by region constituting APAC, North America, Europe & Rest of the World.
  • To identify major drivers & challenges for the global SOFC market.
  • To identify major trends in the global SOFC market.
  • To profile major companies operating in the global SOFC market.

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Some of the major companies operating in the global  SOFC market include Bloom Energy, Doosan Fuel Cell America, Inc., LG Fuel Cell Systems Inc., Fuel Cell Energy, Atrex Energy, SOFCMAN Energy Technology Co. Ltd., SOLIDpower Group, Posco Energy, Hexis AG, and Huaqing New Energy, among others.


To analyze and forecast the global  solid oxide fuel cell market , both top-down and bottom-up approaches have been used. Multiple employees from the various leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the global SOFC landscape was conducted, which included analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects in the country. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease demand for SOFC.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on US Department of Energy, National Energy Technology Laboratory, MNRE, World Bank, company websites & annual reports, etc. were also studied by TechSci Research.


Key Target Audience:

  • SOFC manufacturers, distributors and other stakeholders
  • Financial Institutions such as NBFCs & Banks
  • Commercial and industrial power procurers
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is essential in delivering useful information about industry stakeholders such as companies involved in manufacturing of SOFC, globally. The report also provides useful insights about which region is expected to have the highest demand and supply gap during forecast period in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the global SOFC market has been segmented into the following categories in addition to the industry trends which have also been detailed below

  • Market, By Type:
    • Tubular
    • Planar
  • Market, By Application:
    • Stationary
    • Transportation
    • Portable
  •         Market, By Region:

o    APAC

o    North America

o    Europe

o    Rest of the World

  •          Market, By Company:

o    Bloom Energy

o    Doosan Fuel Cell America, Inc.

o    LG Fuel Cell Systems Inc.

o    Fuel Cell Energy

o    Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global SOFC landscape.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  •          Detailed analysis and profiling of additional market players (up to five).
In case of you can’t find what you are looking for, then please get in touch with our custom research team at