Global Solid Oxide Fuel Cells Market to reach USD 4.83 Billion by 2027.Global Solid Oxide Fuel Cells Market is valued approximately at USD 0.77 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 30% over the forecast period 2021-2027. Government subsidies and policies regarding fuel cells and growing demand of clean energy generation are the factors which are driving the growth of Solid Oxide Fuel Cells market. Furthermore, growing demand of SOFCs in military and data centers will be anticipating the growth of market in forecasted period. For instance: in October 2020, Ceres power and Dosan Fuel Cell Co. Ltd. partnered for constructing a new manufacturing unit of SOFCs with a capacity of 50 MW by 2024. However, high capital cost required to develop SOFCs may impede market growth over the forecast period of 2021-2027.

Global Solid Oxide Fuel Cells market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is a significant region across the world in terms of market share due to growing government initiatives and subsidies for fuel cell programs and increasing industrialization in the region. Whereas Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to increasing demand of clean energy in the region.
Major market player included in this report are:
Ceres
Bloom energy
Convion
AVL
AISIN
SOLIDpower Italia
Bosch
Mitsubishi Power
FuelCell Energy Inc.
Catator AB

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Planar
Tubular
By End-Use:
Power Generation
Automotive
Hydrogen Generation
Others
By Applications
Portable
Stationary
Transport
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Solid Oxide Fuel Cells Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors