The global solid oxide fuel cell market size reached a value of more than USD 2.21 Billion in 2025. The global market is expected to grow at a CAGR of 26.90% during the forecast period of 2026-2035, likely to attain a value of USD 23.93 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
26.9%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Solid Oxide Fuel Cell Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 2.21 |
| Market Size 2035 | USD Billion | 23.93 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 26.90% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 31.0% |
| CAGR 2026-2035 - Market by Country | India | 35.6% |
| CAGR 2026-2035 - Market by Country | China | 29.7% |
| CAGR 2026-2035 - Market by Type | Planar | 30.9% |
| CAGR 2026-2035 - Market by End User | Residential | 29.6% |
| Market Share by Country 2025 | Germany | 4.6% |
A solid oxide fuel cell (SOFC) is an electrochemical conversion device that is utilised to produce electricity. This device uses the natural tendency of oxygen and hydrogen to cause a reaction and convert the chemical energy in fuels into electrical energy, like a battery . The SOFCs are suitable for stationary power generation for homes and businesses. The waste heat generated can also be utilised for efficient combined heat and power systems.
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The EMR’s report titled “Global Solid Oxide Fuel Cell Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| India | 35.6% |
| China | 29.7% |
| UK | 24.6% |
| USA | 24.0% |
| Italy | 18.9% |
| Canada | XX% |
| Germany | XX% |
| France | XX% |
| Japan | 18.5% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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Based on application, the market can be bifurcated into portable, stationary, and transport. The stationary segment is expected to hold a significant share of the market due to the rising demand for energy in various fields. Due to the implementation of strict policies on carbon emissions, the demand for low-carbon alternatives for energy is surging, which can enhance the solid oxide fuel cell market expansion.
Based on end-users, the market can be segmented into residential, commercial and industrial, data centres, military and defence.
The commercial segment is expected to hold a dominating position in the market as the energy demand across various fields keeps increasing. The market is likely to go through significant growth as the adoption of clean energy generation rises rapidly.
In addition, the data centre segment is expected to experience significant growth owing to the construction of new and advanced data centres with cleaner energy generation.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Bloom Energy Corporation, headquartered in California, United States, is a leading company in the field of renewable energy source manufacturing. Their leading segment in the field includes their solid oxide technology for distributed power generation and hydrogen. The company applies their technologies and solutions for electrolysers, hydrogen fuel cells, carbon capture, and biogas, among multiple others.
Mitsubishi Heavy Industries, Ltd. Is one of the world’s largest industrial groups, with a focus in various fields, such as energy, logistics and infrastructure, industrial machinery, aerospace and defence. The company is headquartered in Tokyo, Japan, and it is one of the core companies that are part of the Mitsubishi Group. They have a wide array of product categories, including energy, aircraft, computer network systems, environment, and automotive, among many others.
Ceres Power Holdings plc is a leading fuel cell technology and engineering company, founded in 2004. They have been leading the climate technology field with the development of clean energy solutions. It is a United Kingdom-based company, focused on the field of power generation and hydrogen technologies, and develops the solid oxide fuel cell energy solution.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include FuelCell Energy, Inc. and AVL List GmbH, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for solid oxide fuel cells attained a value of USD 2.21 Billion in 2025.
The market is expected to grow at a CAGR of 26.90% during the forecast period of 2026-2035.
The market is expected to attain a value of USD 23.93 Billion by 2035.
The market growth is driven by the growing demand for solid oxide fuel cells due to the rising implementation of clean energy and the introduction of strict norms for carbon emissions.
The increasing investments by market players and governments in the research and development of alternative power sources are expected to deliver new growth opportunities to the market.
The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The types available in the market include planar and tubular.
The various applications of solid fuel cells include portable, stationary, and transport.
The solid oxide fuel cells are utilized by residential, commercial and industrial, data centres, military and defense.
The key players in the market include Bloom Energy Corporation, Mitsubishi Heavy Industries, Ltd., Ceres Power Holdings plc, FuelCell Energy, Inc., and AVL List GmbH, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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