1	INTRODUCTION	31
1.1	STUDY OBJECTIVES	31
1.2	MARKET DEFINITION	32
1.3	STUDY SCOPE	32
1.3.1	INCLUSIONS AND EXCLUSIONS	32
1.3.2	MARKETS COVERED	33
FIGURE 1	SOLID OXIDE FUEL CELL MARKET SEGMENTATION	33
1.3.3	REGIONAL SCOPE	33
1.3.4	YEARS CONSIDERED	34
1.3.5	CURRENCY CONSIDERED	34
1.4	LIMITATIONS	34
1.5	STAKEHOLDERS	35
1.6	SUMMARY OF CHANGES	35
1.7	IMPACT OF RECESSION	36
2	RESEARCH METHODOLOGY	37
2.1	RESEARCH DATA	37
FIGURE 2	SOLID OXIDE FUEL CELL MARKET: RESEARCH DESIGN	38
2.1.1	PRIMARY AND SECONDARY RESEARCH	39
2.1.1.1	Primary data	39
2.1.1.1.1	Key data from primary sources	39
2.1.1.1.2	Breakdown of primaries	40
2.1.1.2	Secondary data	41
2.1.1.2.1	Key data from secondary sources	41
2.2	MARKET BREAKDOWN AND DATA TRIANGULATION	42
FIGURE 3	SOLID OXIDE FUEL CELL MARKET: DATA TRIANGULATION	42
2.3	MARKET SIZE ESTIMATION METHODOLOGY	43
2.3.1	BOTTOM-UP APPROACH	43
FIGURE 4	SOLID OXIDE FUEL CELL MARKET: BOTTOM-UP ANALYSIS	43
2.3.2	TOP-DOWN APPROACH	43
FIGURE 5	SOLID OXIDE FUEL CELL MARKET: TOP-DOWN ANALYSIS	44
2.3.3	DEMAND-SIDE ANALYSIS	45
FIGURE 6	KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR SOLID OXIDE FUEL CELLS	45
2.3.3.1	Regional analysis	45
2.3.3.2	Country analysis	45
2.3.3.3	Demand-side assumptions	46
2.3.3.4	Demand-side calculations	46
2.3.4	SUPPLY-SIDE ANALYSIS	47
FIGURE 7	KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF SOLID OXIDE FUEL CELLS	47
FIGURE 8	SOLID OXIDE FUEL CELL MARKET: SUPPLY-SIDE ANALYSIS	48
2.3.4.1	Supply-side calculations	48
2.3.4.2	Supply-side assumptions	48
FIGURE 9	SOLID OXIDE FUEL CELL MARKET: MARKET SHARE ANALYSIS, 2022	49
2.4	FORECAST	49
2.5	RECESSION IMPACT	49
3	EXECUTIVE SUMMARY	50
TABLE 1	SOLID OXIDE FUEL CELL MARKET SNAPSHOT	50
FIGURE 10	ASIA PACIFIC HELD LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET IN 2022	51
FIGURE 11	PLANAR SEGMENT TO DOMINATE SOLID OXIDE FUEL CELL MARKET DURING FORECAST PERIOD	52
FIGURE 12	BALANCE OF PLANT (BOP) SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028	52
FIGURE 13	STATIONARY SEGMENT TO DEPICT HIGHEST CAGR IN SOLID OXIDE FUEL CELL MARKET FROM 2023 TO 2028	53
FIGURE 14	COMMERCIAL & INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET IN 2023	53
4	PREMIUM INSIGHTS	54
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLID OXIDE FUEL CELL MARKET	54
FIGURE 15	INCREASING FOCUS ON CLEAN POWER GENERATION TO BOOST MARKET GROWTH FROM 2023 TO 2028	54
4.2	SOLID OXIDE FUEL CELL MARKET, BY REGION	55
FIGURE 16	ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD	55
4.3	ASIA PACIFIC SOLID OXIDE FUEL CELL MARKET, BY APPLICATION AND COUNTRY	55
FIGURE 17	STATIONARY SEGMENT AND CHINA HELD LARGEST SHARES OF SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC IN 2022	55
4.4	SOLID OXIDE FUEL CELL MARKET, BY TYPE	56
FIGURE 18	PLANAR SEGMENT TO HOLD LARGER MARKET SHARE IN 2028	56
4.5	SOLID OXIDE FUEL CELL MARKET, BY END USER	56
FIGURE 19	COMMERCIAL & INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028	56
4.6	SOLID OXIDE FUEL CELL MARKET, BY APPLICATION	56
FIGURE 20	STATIONARY SEGMENT TO HOLD LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET IN 2028	56
4.7	SOLID OXIDE FUEL CELL MARKET, BY COMPONENT	57
FIGURE 21	BALANCE OF PLANT (BOP) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028	57
5	MARKET OVERVIEW	58
5.1	INTRODUCTION	58
5.2	MARKET DYNAMICS	58
FIGURE 22	SOLID OXIDE FUEL CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	58
5.2.1	DRIVERS	59
5.2.1.1	Federal investments in fuel cell installation projects	59
FIGURE 23	CLEAN ENERGY INVESTMENTS IN ADVANCED ECONOMIES VS. EMERGING ECONOMIES, 2015–2021	59
5.2.1.2	Higher energy efficiency of solid oxide fuel cells than reciprocating engines	60
5.2.1.3	Introduction of stringent carbon emission norms	60
FIGURE 24	CO2 EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESS, 2000–2022 (GT CO2)	61
FIGURE 25	ENERGY-RELATED CO2 EMISSIONS, BY SECTOR, 2019–2022 (GT CO2)	61
5.2.2	RESTRAINTS	62
5.2.2.1	High fuel cell installation and manufacturing costs	62
5.2.2.2	Availability of alternatives	62
5.2.3	OPPORTUNITIES	62
5.2.3.1	Rising adoption of efficient electrochemical devices for combined heat and power generations	62
TABLE 2	COMPARISON BETWEEN FUEL CELLS AND OTHER DISTRIBUTED POWER GENERATION SOURCES	63
5.2.3.2	Increasing electricity consumption in data centers	63
5.2.4	CHALLENGES	63
5.2.4.1	Long start-up time and high operational temperature	63
5.2.4.2	Limitations of hydrogen storage systems	64
5.2.4.3	High spending on alternative clean energy technologies	64
FIGURE 26	GLOBAL INVESTMENTS IN RENEWABLE ENERGY	64
5.2.4.4	Fuel cell degradation and carbon dusting	65
5.3	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	65
5.3.1	REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN SOLID OXIDE FUEL CELL MARKET	65
FIGURE 27	REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN SOLID OXIDE FUEL CELL MARKET	65
5.4	MARKET MAPPING	66
FIGURE 28	SOLID OXIDE FUEL CELL MARKET: MARKET MAPPING	66
5.5	SUPPLY CHAIN ANALYSIS	66
FIGURE 29	SOLID OXIDE FUEL CELL MARKET: SUPPLY CHAIN ANALYSIS	67
5.5.1	RAW MATERIAL SUPPLY	67
5.5.2	COMPONENT MANUFACTURING	67
5.5.3	HARDWARE ASSEMBLY	67
5.5.4	DISTRIBUTION/END USERS	67
TABLE 3	COMPANIES AND THEIR ROLES IN SOLID OXIDE FUEL CELL ECOSYSTEM	68
5.6	PRICING ANALYSIS	69
5.6.1	AVERAGE SELLING PRICING TREND, BY COMPONENT	69
TABLE 4	SOLID OXIDE FUEL CELL MARKET: COST BREAK-UP, BY STACK COMPONENT	69
TABLE 5	SOLID OXIDE FUEL CELL MARKET: COST BREAK-UP, BY BALANCE OF PLANT (BOP) COMPONENT	70
FIGURE 30	SOLID OXIDE FUEL CELL MARKET: STACK MANUFACTURING COST PER KW	70
5.6.2	AVERAGE SELLING PRICE OF SOLID OXIDE FUEL CELLS OFFERED BY 3 KEY PLAYERS	71
TABLE 6	AVERAGE SELLING PRICE OF SOLID OXIDE FUEL CELLS OFFERED BY 3 KEY PLAYERS	71
5.6.3	AVERAGE SELLING PRICE TREND, BY REGION	71
TABLE 7	AVERAGE SELLING PRICE TREND, BY REGION	71
5.7	REGULATORY LANDSCAPE	72
5.7.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	72
TABLE 8	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	72
TABLE 9	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	73
TABLE 10	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	73
5.7.2	SOLID OXIDE FUEL CELL MARKET: REGULATORY FRAMEWORK	74
5.7.2.1	Regulatory frameworks in North America	74
5.7.2.2	Regulatory frameworks in Europe	74
5.7.2.3	Regulatory frameworks in Asia Pacific	75
5.8	PATENT ANALYSIS	76
FIGURE 31	SOLID OXIDE FUEL CELL MARKET: PATENT REGISTRATIONS, 2012–2022	76
5.8.1	LIST OF MAJOR PATENTS	77
TABLE 11	SOLID OXIDE FUEL CELL: PATENT REGISTRATIONS, 2018–2022	77
5.9	CASE STUDY ANALYSIS	78
5.9.1	IKEA LEVERAGED BLOOM ENERGY’S FUEL CELLS FOR ON-SITE POWER GENERATION	78
5.9.1.1	Challenges	78
5.9.1.2	Solution	78
5.9.2	SAMSUNG HEAVY INDUSTRIES AND BLOOM ENERGY PARTNERED TO DEVELOP EFFICIENT FUEL-CELL SHIPS	78
5.9.2.1	Challenges	78
5.9.2.2	Solution	79
5.9.3	CONVION DEPLOYED ELCOGEN’S SOFC AND STACK TECHNOLOGY FOR EFFICIENT POWER GENERATION	79
5.9.3.1	Challenges	79
5.9.3.2	Solution	79
5.10	TECHNOLOGY ANALYSIS	79
5.10.1	HYBRID SOFCS	80
5.10.2	INTEGRATED BIOMASS GASIFIERS	80
5.11	KEY CONFERENCES AND EVENTS, 2023–2024	81
TABLE 12	SOLID OXIDE FUEL CELL MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024	81
5.12	TRADE ANALYSIS	83
5.12.1	HS CODE 280410	83
5.12.2	EXPORT SCENARIO	83
TABLE 13	EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)	83
FIGURE 32	EXPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD THOUSAND)	83
5.12.3	IMPORT SCENARIO	84
TABLE 14	IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)	84
FIGURE 33	IMPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD THOUSAND)	84
5.13	PORTER’S FIVE FORCES ANALYSIS	84
FIGURE 34	SOLID OXIDE FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS	85
TABLE 15	SOLID OXIDE FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS	85
5.13.1	THREAT OF SUBSTITUTES	86
5.13.2	BARGAINING POWER OF SUPPLIERS	86
5.13.3	BARGAINING POWER OF BUYERS	86
5.13.4	THREAT OF NEW ENTRANTS	86
5.13.5	INTENSITY OF COMPETITIVE RIVALRY	87
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	87
5.14.1	KEY STAKEHOLDERS IN BUYING PROCESS	87
FIGURE 35	SOLID OXIDE FUEL CELL MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS	87
TABLE 16	SOLID OXIDE FUEL CELL MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS (%)	87
5.14.2	BUYING CRITERIA	88
FIGURE 36	SOLID OXIDE FUEL CELL MARKET: KEY BUYING CRITERIA, BY END USER	88
TABLE 17	SOLID OXIDE FUEL CELL MARKET: KEY BUYING CRITERIA, BY END USER	88
6	SOLID OXIDE FUEL CELL MARKET, BY TYPE	89
6.1	INTRODUCTION	90
FIGURE 37	SOLID OXIDE FUEL CELL MARKET SHARE, BY TYPE, 2022	90
TABLE 18	SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	90
6.2	PLANAR	91
6.2.1	USE OF PLANAR SOFCS IN STATIONARY POWER APPLICATIONS TO FUEL SEGMENTAL GROWTH	91
TABLE 19	PLANAR: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	91
6.3	TUBULAR	91
6.3.1	ADOPTION OF ENERGY-HUNGRY PORTABLE DEVICES TO DRIVE MARKET	91
TABLE 20	TUBULAR: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	92
7	SOLID OXIDE FUEL CELL MARKET, BY COMPONENT	93
7.1	INTRODUCTION	94
FIGURE 38	SOLID OXIDE FUEL CELL MARKET SHARE, BY COMPONENT, 2022	94
TABLE 21	SOLID OXIDE FUEL CELL MARKET, BY COMPONENT, 2020–2028 (USD MILLION)	94
7.2	STACK	95
7.2.1	ENFORCEMENT OF EMISSION REGULATIONS TO BOOST SOLID OXIDE FUEL CELL STACK MANUFACTURING	95
TABLE 22	STACK: SOLID OXIDE FUEL CELL MARKET, BY COMPONENT, 2020–2028 (USD MILLION)	95
7.2.1.1	Cells	95
7.2.1.2	Interconnects	96
7.2.1.3	End plates	96
7.2.1.4	Sealants	96
7.2.1.5	Other stack components	96
7.3	BALANCE OF PLANT (BOP)	96
7.3.1	USE OF BOP COMPONENTS FOR EFFICIENT POWER GENERATION TO CONTRIBUTE TO MARKET GROWTH	96
TABLE 23	BALANCE OF PLANT (BOP): SOLID OXIDE FUEL CELL MARKET, BY COMPONENT, 2020–2028 (USD MILLION)	97
7.3.1.1	Heat transfer components	97
7.3.1.2	Power electronics & control systems	97
7.3.1.3	Instruments & sensors	97
7.3.1.4	Fuel reformers/Desulfurizers	97
7.3.1.5	Other BoP components	97
8	SOLID OXIDE FUEL CELL MARKET, BY APPLICATION	98
8.1	INTRODUCTION	99
FIGURE 39	SOLID OXIDE FUEL CELL MARKET SHARE, BY APPLICATION, 2022	99
TABLE 24	SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	99
8.2	PORTABLE	100
8.2.1	HIGH PREFERENCE FOR MOBILE ENERGY STORAGE SYSTEMS TO BOOST SEGMENTAL GROWTH	100
TABLE 25	PORTABLE: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	100
8.3	STATIONARY	100
8.3.1	INSTALLATION OF PRIMARY POWER SOURCES IN RESIDENTIAL BUILDINGS TO ACCELERATE SEGMENTAL GROWTH	100
TABLE 26	STATIONARY: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	101
TABLE 27	STATIONARY: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	101
8.3.1.1	Primary	101
8.3.1.1.1	Utilization of fuel cell units to generate primary power to contribute to segmental growth	101
TABLE 28	PRIMARY: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY APPLICATIONS, BY REGION, 2020–2028 (USD MILLION)	102
8.3.1.2	Backup	102
8.3.1.2.1	Adoption of fuel cells for backup power generation in data centers to boost market growth	102
TABLE 29	BACKUP: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY APPLICATIONS, BY REGION, 2020–2028 (USD MILLION)	102
8.3.1.3	Combined heat & power	103
8.3.1.3.1	Increasing number of combined heat & power programs to support segmental growth	103
TABLE 30	COMBINED HEAT & POWER: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY APPLICATIONS, BY REGION, 2020–2028 (USD MILLION)	103
8.4	TRANSPORT	103
8.4.1	DEVELOPMENT OF SOFCS FOR HEAVY-DUTY VEHICLES TO FUEL MARKET GROWTH	103
TABLE 31	TRANSPORT: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	104
9	SOLID OXIDE FUEL CELL MARKET, BY END USER	105
9.1	INTRODUCTION	106
FIGURE 40	SOLID OXIDE FUEL CELL MARKET SHARE, BY END USER, 2022	106
TABLE 32	SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	106
9.2	RESIDENTIAL	107
9.2.1	INCREASING POWER CONSUMPTION BY RESIDENTIAL BUILDINGS TO DRIVE SEGMENTAL GROWTH	107
TABLE 33	RESIDENTIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	107
9.3	COMMERCIAL & INDUSTRIAL	108
9.3.1	RISING NEED TO CURB CARBON EMISSIONS FROM COMMERCIAL & INDUSTRIAL BUILDINGS TO PROPEL MARKET	108
TABLE 34	COMMERCIAL & INDUSTRIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	109
9.4	DATA CENTERS	109
9.4.1	RELIANCE ON SOFC PLATFORMS AS PRIMARY POWER SOURCE IN DATA CENTERS TO FUEL SEGMENTAL GROWTH	109
TABLE 35	DATA CENTERS: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	109
9.5	MILITARY & DEFENSE	110
9.5.1	GROWING DEMAND FOR FUEL-FLEXIBLE POWER SYSTEMS FOR MILITARY & DEFENSE APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH	110
TABLE 36	MILITARY & DEFENSE: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	110
10	SOLID OXIDE FUEL CELL MARKET, BY REGION	111
10.1	INTRODUCTION	112
FIGURE 41	ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	112
FIGURE 42	SOLID OXIDE FUEL CELL MARKET SHARE, BY REGION, 2022	112
TABLE 37	SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (USD MILLION)	113
TABLE 38	SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2028 (MW)	113
10.2	ASIA PACIFIC	113
10.2.1	RECESSION IMPACT ON MARKET IN ASIA PACIFIC	114
FIGURE 43	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET SNAPSHOT	114
TABLE 39	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2020–2028 (USD MILLION)	115
TABLE 40	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2020–2028 (MW)	115
TABLE 41	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	115
TABLE 42	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR PLANAR, BY COUNTRY, 2020–2028 (USD MILLION)	116
TABLE 43	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR TUBULAR, BY COUNTRY, 2020–2028 (USD MILLION)	116
TABLE 44	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	116
TABLE 45	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR PORTABLE APPLICATIONS, BY COUNTRY, 2020–2028 (USD MILLION)	117
TABLE 46	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY APPLICATIONS, BY COUNTRY, 2020–2028 (USD MILLION)	117
TABLE 47	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT APPLICATIONS, BY COUNTRY, 2020–2028 (USD MILLION)	117
TABLE 48	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	118
TABLE 49	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL, BY COUNTRY, 2020–2028 (USD MILLION)	118
TABLE 50	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2020–2028 (USD MILLION)	118
TABLE 51	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS, BY COUNTRY, 2020–2028 (USD MILLION)	119
TABLE 52	ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE, BY COUNTRY, 2020–2028 (USD MILLION)	119
10.2.1.1	Japan	119
10.2.1.1.1	Rising focus on efficient power generation for residential applications to drive market	119
TABLE 53	JAPAN: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	120
TABLE 54	JAPAN: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	120
TABLE 55	JAPAN: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	120
10.2.1.2	South Korea	121
10.2.1.2.1	Increasing investments in hydrogen-powered energy servers to propel market	121
TABLE 56	SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	121
TABLE 57	SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	121
TABLE 58	SOUTH KOREA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	122
10.2.1.3	China	122
10.2.1.3.1	Growing focus on mitigating carbon emissions to boost adoption	122
TABLE 59	CHINA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	122
TABLE 60	CHINA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	122
TABLE 61	CHINA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	123
10.2.1.4	Rest of Asia Pacific	123
TABLE 62	REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	123
TABLE 63	REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	123
TABLE 64	REST OF ASIA PACIFIC: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	124
10.3	NORTH AMERICA	125
FIGURE 44	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET SNAPSHOT	125
10.3.1	RECESSION IMPACT ON MARKET IN NORTH AMERICA	125
TABLE 65	NORTH AMERICA: SOLID OXIDE FUEL CELL, BY COUNTRY, 2020–2028 (USD MILLION)	126
TABLE 66	NORTH AMERICA: SOLID OXIDE FUEL CELL, BY COUNTRY, 2020–2028 (MW)	126
TABLE 67	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	126
TABLE 68	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR PLANAR, BY COUNTRY, 2020–2028 (USD MILLION)	126
TABLE 69	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR TUBULAR, BY COUNTRY, 2020–2028 (USD MILLION)	127
TABLE 70	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	127
TABLE 71	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR PORTABLE, BY COUNTRY, 2020–2028 (USD MILLION)	127
TABLE 72	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY, BY COUNTRY, 2020–2028 (USD MILLION)	128
TABLE 73	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT, BY COUNTRY, 2020–2028 (USD MILLION)	128
TABLE 74	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	128
TABLE 75	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL, BY COUNTRY, 2020–2028 (USD MILLION)	129
TABLE 76	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2020–2028 (USD MILLION)	129
TABLE 77	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS, BY COUNTRY, 2020–2028 (USD MILLION)	129
TABLE 78	NORTH AMERICA: SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE, BY COUNTRY, 2020–2028 (USD MILLION)	130
10.3.1.1	US	130
10.3.1.1.1	Rising emphasis on clean energy generation to fuel market growth	130
TABLE 79	US: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	131
TABLE 80	US: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	131
TABLE 81	US: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	131
10.3.1.2	Canada	132
10.3.1.2.1	Growing energy demand from industrial facilities to drive market	132
TABLE 82	CANADA: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	132
TABLE 83	CANADA: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	132
TABLE 84	CANADA: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	133
10.4	EUROPE	133
10.4.1	RECESSION IMPACT ON MARKET IN EUROPE	133
TABLE 85	EUROPE: SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2020–2028 (USD MILLION)	133
TABLE 86	EUROPE: SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2020–2028 (MW)	134
TABLE 87	EUROPE: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	134
TABLE 88	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR PLANAR, BY COUNTRY, 2020–2028 (USD MILLION)	134
TABLE 89	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR TUBULAR, BY COUNTRY, 2020–2028 (USD MILLION)	135
TABLE 90	EUROPE: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	135
TABLE 91	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR PORTABLE, BY COUNTRY, 2020–2028 (USD MILLION)	135
TABLE 92	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR STATIONARY, BY COUNTRY, 2020–2028 (USD MILLION)	136
TABLE 93	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT, BY COUNTRY, 2020–2028 (USD MILLION)	136
TABLE 94	EUROPE: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD THOUSAND)	136
TABLE 95	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL, BY COUNTRY, 2020–2028 (USD MILLION)	137
TABLE 96	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2020–2028 (USD MILLION)	137
TABLE 97	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS, BY COUNTRY, 2020–2028 (USD MILLION)	137
TABLE 98	EUROPE: SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE, BY COUNTRY, 2020–2028 (USD MILLION)	138
10.4.1.1	Germany	138
10.4.1.1.1	Growing investments in fuel cell technology projects to boost market growth	138
TABLE 99	GERMANY: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	138
TABLE 100	GERMANY: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	139
TABLE 101	GERMANY: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	139
10.4.1.2	UK	139
10.4.1.2.1	Rising implementation of emission reduction rules to propel market	139
TABLE 102	UK: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	140
TABLE 103	UK: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	140
TABLE 104	UK: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	140
10.4.1.3	Italy	141
10.4.1.3.1	High preference for clean transportation to accelerate market growth	141
TABLE 105	ITALY: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD THOUSAND)	141
TABLE 106	ITALY: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD THOUSAND)	141
TABLE 107	ITALY: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD THOUSAND)	141
10.4.1.4	Rest of Europe	142
TABLE 108	REST OF EUROPE: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD THOUSAND)	142
TABLE 109	REST OF EUROPE: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD THOUSAND)	142
TABLE 110	REST OF EUROPE: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD THOUSAND)	142
10.5	ROW	143
10.5.1	RECESSION IMPACT ON MARKET IN ROW	143
TABLE 111	ROW: SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2020–2028 (USD MILLION)	143
TABLE 112	ROW: SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2020–2028 (USD MILLION)	143
TABLE 113	ROW: SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2028 (USD MILLION)	144
10.5.1.1	Latin America	144
10.5.1.1.1	Increasing hydrogen and fuel cell research to boost market growth	144
10.5.1.2	Middle East & Africa	145
10.5.1.2.1	Rising use of SOFCs as backup power source to accelerate market growth	145
11	COMPETITIVE LANDSCAPE	146
11.1	OVERVIEW	146
11.2	STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023	146
TABLE 114	STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023	146
11.3	MARKET SHARE ANALYSIS, 2022	147
TABLE 115	SOLID OXIDE FUEL CELL MARKET: DEGREE OF COMPETITION	147
FIGURE 45	MARKET SHARE ANALYSIS, 2022	148
11.4	MARKET EVALUATION FRAMEWORK, 2018–2023	148
TABLE 116	MARKET EVALUATION FRAMEWORK, 2018–2023	148
11.5	SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022	150
FIGURE 46	SEGMENTAL REVENUE ANALYSIS, 2018–2022	150
11.6	COMPETITIVE SCENARIOS AND TRENDS	150
11.6.1	DEALS	150
TABLE 117	SOLID OXIDE FUEL CELL MARKET: DEALS, 2018–2023	151
11.6.2	OTHERS	155
TABLE 118	SOLID OXIDE FUEL CELL MARKET: OTHERS, 2018–2023	155
11.7	EVALUATION MATRIX OF KEY PLAYERS, 2022	156
11.7.1	STARS	156
11.7.2	EMERGING LEADERS	156
11.7.3	PERVASIVE PLAYERS	156
11.7.4	PARTICIPANTS	156
FIGURE 47	SOLID OXIDE FUEL CELL MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022	157
TABLE 119	COMPANY TYPE FOOTPRINT	158
TABLE 120	COMPANY COMPONENT FOOTPRINT	158
TABLE 121	COMPANY APPLICATION FOOTPRINT	159
TABLE 122	COMPANY END USER FOOTPRINT	159
TABLE 123	COMPANY REGIONAL FOOTPRINT	160
TABLE 124	COMPANY PRODUCT FOOTPRINT	161
TABLE 125	COMPANY OVERALL FOOTPRINT	161
11.8	EVALUATION MATRIX OF START-UPS/SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES), 2022	162
11.8.1	PROGRESSIVE COMPANIES	162
11.8.2	RESPONSIVE COMPANIES	162
11.8.3	DYNAMIC COMPANIES	162
11.8.4	STARTING BLOCKS	162
FIGURE 48	SOLID OXIDE FUEL CELL MARKET: EVALUATION MATRIX OF START-UPS/SMES, 2022	163
11.9	COMPETITIVE BENCHMARKING	164
TABLE 126	SOLID OXIDE FUEL CELL MARKET: LIST OF KEY START-UPS/SMES	164
TABLE 127	COMPANY TYPE FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	164
TABLE 128	COMPANY COMPONENT FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	165
TABLE 129	COMPANY APPLICATION FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	165
TABLE 130	COMPANY END USER FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	166
TABLE 131	COMPANY REGIONAL FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	166
TABLE 132	COMPANY PRODUCT FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	167
12	COMPANY PROFILES	168
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1	KEY PLAYERS	168
12.1.1	BLOOM ENERGY	168
TABLE 133	BLOOM ENERGY: COMPANY OVERVIEW	168
FIGURE 49	BLOOM ENERGY: COMPANY SNAPSHOT	169
TABLE 134	BLOOM ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED	169
TABLE 135	BLOOM ENERGY: PRODUCT LAUNCHES	170
TABLE 136	BLOOM ENERGY: DEALS	170
TABLE 137	BLOOM ENERGY: OTHERS	175
12.1.2	AISIN CORPORATION	177
TABLE 138	AISIN CORPORATION: COMPANY OVERVIEW	177
FIGURE 50	AISIN CORPORATION: COMPANY SNAPSHOT	178
TABLE 139	AISIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED	178
TABLE 140	AISIN CORPORATION: DEALS	179
12.1.3	MITSUBISHI HEAVY INDUSTRIES, LTD.	181
TABLE 141	MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW	181
FIGURE 51	MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT	182
TABLE 142	MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED	182
TABLE 143	MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS	183
TABLE 144	MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS	184
12.1.4	KYOCERA CORPORATION	185
TABLE 145	KYOCERA CORPORATION: COMPANY OVERVIEW	185
FIGURE 52	KYOCERA CORPORATION: COMPANY SNAPSHOT	186
TABLE 146	KYOCERA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED	186
TABLE 147	KYOCERA CORPORATION: OTHERS	187
12.1.5	MIURA CO., LTD.	188
TABLE 148	MIURA CO., LTD.: COMPANY OVERVIEW	188
FIGURE 53	MIURA CO., LTD.: COMPANY SNAPSHOT	189
TABLE 149	MIURA CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED	189
TABLE 150	MIURA CO., LTD.: PRODUCT LAUNCHES	190
12.1.6	CERES	191
TABLE 151	CERES: COMPANY OVERVIEW	191
FIGURE 54	CERES: COMPANY SNAPSHOT	192
TABLE 152	CERES: PRODUCTS/SERVICES/SOLUTIONS OFFERED	192
TABLE 153	CERES: DEALS	193
TABLE 154	CERES: OTHERS	195
12.1.7	CONVION	196
TABLE 155	CONVION: COMPANY OVERVIEW	196
TABLE 156	CONVION: PRODUCTS/SERVICES/SOLUTIONS OFFERED	196
TABLE 157	CONVION: DEALS	197
12.1.8	WATT FUEL CELL CORPORATION	198
TABLE 158	WATT FUEL CELL CORPORATION: COMPANY OVERVIEW	198
TABLE 159	WATT FUEL CELL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED	198
TABLE 160	WATT FUEL CELL CORPORATION: DEALS	199
12.1.9	ELCOGEN AS	200
TABLE 161	ELCOGEN AS: COMPANY OVERVIEW	200
TABLE 162	ELCOGEN AS: PRODUCTS/SERVICES/SOLUTIONS OFFERED	200
TABLE 163	ELCOGEN AS: DEALS	201
TABLE 164	ELCOGEN AS: OTHERS	203
12.1.10	SUNFIRE GMBH	204
TABLE 165	SUNFIRE GMBH: COMPANY OVERVIEW	204
TABLE 166	SUNFIRE GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED	204
TABLE 167	SUNFIRE GMBH: DEALS	205
TABLE 168	SUNFIRE GMBH: OTHERS	206
12.1.11	SOLYDERA SPA	207
TABLE 169	SOLYDERA SPA: COMPANY OVERVIEW	207
TABLE 170	SOLYDERA SPA: PRODUCTS/SERVICES/SOLUTIONS OFFERED	207
TABLE 171	SOLYDERA SPA: DEALS	208
TABLE 172	SOLYDERA SPA: OTHERS	209
12.1.12	H2E POWER	210
TABLE 173	H2E POWER: COMPANY OVERVIEW	210
TABLE 174	H2E POWER: PRODUCTS/SERVICES/SOLUTIONS OFFERED	210
TABLE 175	H2E POWER: DEALS	211
12.1.13	UPSTART POWER, INC.	212
TABLE 176	UPSTART POWER, INC.: COMPANY OVERVIEW	212
TABLE 177	UPSTART POWER, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED	212
TABLE 178	UPSTART POWER, INC.: DEALS	213
TABLE 179	UPSTART POWER, INC.: PRODUCT LAUNCHES	213
12.2	OTHER PLAYERS	214
12.2.1	ZTEK CORPORATION, INC.	214
TABLE 180	ZTEK CORPORATION, INC.: COMPANY OVERVIEW	214
12.2.2	SPECIAL POWER SOURCES	215
TABLE 181	SPECIAL POWER SOURCES: COMPANY OVERVIEW	215
12.2.3	ADELAN	216
TABLE 182	ADELAN: COMPANY OVERVIEW	216
12.2.4	SOFCMAN	216
TABLE 183	SOFCMAN: COMPANY OVERVIEW	216
12.2.5	EDGE AUTONOMY	217
TABLE 184	EDGE AUTONOMY: COMPANY OVERVIEW	217
12.3	R&D PLAYERS	218
12.3.1	FUELCELL ENERGY, INC.	218
TABLE 185	FUELCELL ENERGY, INC.: COMPANY OVERVIEW	218
FIGURE 55	FUELCELL ENERGY, INC.: COMPANY SNAPSHOT	218
TABLE 186	FUELCELL ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED	219
TABLE 187	FUELCELL ENERGY, INC.: DEALS	219
TABLE 188	FUELCELL ENERGY, INC.: OTHERS	220
12.3.2	DOOSAN FUEL CELL CO., LTD.	221
TABLE 189	DOOSAN FUEL CELL CO., LTD.: COMPANY OVERVIEW	221
FIGURE 56	DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT	221
TABLE 190	DOOSAN FUEL CELL CO., LTD.: DEALS	222
12.3.3	ROBERT BOSCH GMBH	224
TABLE 191	ROBERT BOSCH GMBH: COMPANY OVERVIEW	224
FIGURE 57	ROBERT BOSCH GMBH: COMPANY SNAPSHOT	225
TABLE 192	ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED	225
TABLE 193	ROBERT BOSCH GMBH: DEALS	226
TABLE 194	ROBERT BOSCH GMBH: OTHERS	226
12.3.4	POSCOENERGY	227
TABLE 195	POSCOENERGY: COMPANY OVERVIEW	227
12.3.5	CLARA VENTURE LABS	227
TABLE 196	CLARA VENTURE LABS: COMPANY OVERVIEW	227
12.3.6	CUMMINS INC.	228
TABLE 197	CUMMINS INC.: COMPANY OVERVIEW	228
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13	APPENDIX	229
13.1	INSIGHTS FROM INDUSTRY EXPERTS	229
13.2	DISCUSSION GUIDE	230
13.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	236
13.4	CUSTOMIZATION OPTIONS	238
13.5	RELATED REPORTS	238
13.6	AUTHOR DETAILS	239
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