Los Angeles, United States -- (SBWIRE) -- 10/12/2022 -- The report offers in-depth analysis of the global SOFC and SOEC market taking into account market dynamics, segmentation, geographical expansion, competitive landscape, and various other key aspects. The market analysts who have prepared the report have thoroughly studied the global SOFC and SOEC market and have offered reliable and accurate data. The report analyses the current trends, growth opportunities, competitive pricing, restraining factors, and boosters that may have an impact on the overall dynamics of the global SOFC and SOEC market. The report analytically studies the microeconomic and macroeconomic factors affecting the global SOFC and SOEC market growth. New and emerging technologies that may influence the global SOFC and SOEC market growth are also being studied in the report.
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Due to the COVID-19 pandemic, the global SOFC and SOEC market size is estimated to be worth US$ 1245.50 million in 2022 and is forecast to a readjusted size of US$ 6561.26 million by 2028 with a CAGR of 31.91% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Planar accounting for 82.83% of the SOFC and SOEC global market in 2021, is projected to value US$ 5771.38 million by 2028, growing at a revised 33.03% CAGR from 2022 to 2028. While Stationary segment is altered to 31.17 % CAGR throughout this forecast period.
China SOFC and SOEC market size was US$ 59.09 million in 2021, while the US and Europe SOFC and SOEC were US$ 375.36 million and US$ 136.49 million, severally. The proportion of the US was 36.62% in 2021, while China and Europe are 5.76% and 13.31% respectively, and it is predicted that China proportion will reach 16.01% in 2028, trailing a CAGR of 54.45 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 27.87%, 35.84%, and 33.40 % respectively for the next 6-year period. As for the Europe SOFC and SOEC landscape, Germany is projected to reach US$ 52.72 million by 2028 trailing a CAGR of 35.23 % over the forecast period.
The global key manufacturers of SOFC and SOEC include Bloom Energy, Aisin Seiki, Mitsubishi Heavy Industries, SOLIDpower, Ceres, Convion, Special Power Sources (SPS), Redox Power Systems, and Sunfire GmbH, etc. In 2021, the global top five players hold a share approximately 89.69% in terms of revenue.
Key Players Mentioned in the Global SOFC and SOEC Market Research Report:
Mitsubishi Heavy Industries
Special Power Sources (SPS)
Redox Power Systems
Global SOFC and SOEC Market by Type:
Global SOFC and SOEC Market by Application:
Portable & Military
The analysts have thoroughly studied all the segments including product type, application, and region. The report provides comprehensive analysis of the contribution of the segments to the overall market size. Moreover, the experts have predicted each segment's growth potential, which may assist the clients to plan their future activities. The regional analysis mentioned in the report gives a clear-cut understanding to the market participants regarding the present as well as future scenario of the global SOFC and SOEC market in key regions.
Key Queries related to the Global SOFC and SOEC Market Addressed in the Report:
- Does the global SOFC and SOEC market have growth potential?
- What are the growth opportunities for the new entrants in the global SOFC and SOEC market?
- Who are the leading manufacturers operating in the global SOFC and SOEC market? Will they maintain their dominance in future?
- What are the key strategies that market players may adopt to strengthen their presence in the global SOFC and SOEC market?
- How will the competitive scenario undergo a change in years to come?
- What are the emerging trends that may influence the growth of the global SOFC and SOEC market?
- What are the factors that may hamper the global SOFC and SOEC market growth in the years ahead?
- Which product type segment is expected to exhibit promising growth in the near future?
- What application is anticipated to grab a major share in the global SOFC and SOEC market?
- Which region is likely to emerge as a lucrative regional market in the forthcoming years?
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