Latest Market Research Report 2025

  The global  solid oxide fuel cell market  size is expected to reach USD 7,124.40 million by 2030, registering a CAGR of 40.7% according to a new report by Grand View Research, Inc. Growing expenditure on infrastructure and industry development is expected to have a positive impact on the global market in the forecast period.   Installers and system providers usually hold stock of significant equipment in the inventory. However, manufacturers face bottlenecks and shortages due to the limited production in countries, severely affected by the COVID-19. Further, upcoming Solid oxide fuel cells (SOFC) based large-scale projects are expected to witness delays in commissioning due to the disruptions in supply chain and halting of on-site construction activities. Rising awareness about alternative sources of energy is one of the major factors encouraging market growth. Increasing carbon emission levels is a global issue, and government authorities worldwide are supporting ...

  Solid Oxide Fuel Cell   Industry Overview The global solid oxide fuel cell market size was estimated at USD 627.43 million in 2023 and is expected to grow at a CAGR of 40.7% from 2024 to 2030. The increasing private-public partnerships are one of the key factors fostering market growth. Solid oxide fuel cells (SOFC) are one of the fastest-growing alternate backup power options, primarily due to their ability to generate electricity using a variety of fuels. In addition, they are eco-friendly as their by-product is harmless, unlike other conventional technologies. Favorable government regulations and their ability to cut down emission rates and use domestic energy sources, such as natural gas, are some of the key factors likely to boost the 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 ...

  Solid Oxide Fuel Cell  Industry Overview The global solid oxide fuel cell market size was estimated at USD 627.43 million in 2023 and is expected to grow at a CAGR of 40.7% from 2024 to 2030. The increasing private-public partnerships are one of the key factors fostering market growth. Solid oxide fuel cells (SOFC) are one of the fastest-growing alternate backup power options, primarily due to their ability to generate electricity using a variety of fuels. In addition, they are eco-friendly as their by-product is harmless, unlike other conventional technologies. Gather more insights about the market drivers, restrains and growth of the   Solid Oxide Fuel Cell Market Favorable government regulations and their ability to cut down emission rates and use domestic energy sources, such as natural gas, are some of the key factors likely to boost the over the next eight years. Furthermore, the rising emphasis of the regional governments of mature economies, such as th...

Solid Oxide Fuel Cell Industry Overview The global solid oxide fuel cell market size was valued at USD 339.8 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 40.7% from 2022 to 2030.  The increasing private-public partnerships are one of the key factors fostering market growth. Solid oxide fuel cells (SOFC) are one of the fastest-growing alternate backup power options, primarily due to their ability to generate electricity using a variety of fuels. In addition, they are eco-friendly as their by-product is harmless, unlike other conventional technologies. The U.S. is among the early adopters of clean energy solutions for the sectors such as power generation and transportation. This can be attributed to the increased importance of clean energy solutions as per the energy act, introduced by the U.S. government. Such acts have provided a starting guideline regarding implementing the clean energy solutions in the country’s energy sector. Gather more i...