Japan Solid Oxide Fuel Cell Market Size & Outlook
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Japan solid oxide fuel cell market highlights
- The Japan solid oxide fuel cell market generated a revenue of USD 164.5 million in 2022 and is expected to reach USD 1,807.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 34.9% from 2023 to 2030.
- In terms of segment, stationary was the largest revenue generating application in 2022.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Solid oxide fuel cell market data book summary
| Market revenue in 2022 | USD 164.5 million |
| Market revenue in 2030 | USD 1,807.0 million |
| Growth rate | 34.9% (CAGR from 2022 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stationary, Transportation, Portable |
| Key market players worldwide | Bloom Energy Corp Class A, Mitsubishi Corp, Cummins Inc, Ceres Power Holdings PLC, GE Aerospace, FuelCell Energy Inc, Kyocera Corp, Avalon Advanced Materials Inc, Niterra Co Ltd |
Other key industry trends
- In terms of revenue, Japan accounted for 35.9% of the global solid oxide fuel cell market in 2022.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan solid oxide fuel cell market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,092.5 million by 2030.
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Solid Oxide Fuel Cell Market Scope
Solid Oxide Fuel Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Avalon Advanced Materials Inc | View profile | 9 | 130 Adelaide Street West, Suite 1901, Toronto, ON, Canada, M5H 3P5 | https://www.avalonadvancedmaterials.com |
| FuelCell Energy Inc | View profile | 629 | 3 Great Pasture Road, Danbury, CT, United States, 06810 | https://www.fuelcellenergy.com |
| Bloom Energy Corp Class A | View profile | 2377 | 4353 North First Street, San Jose, CA, United States, 95134 | https://www.bloomenergy.com |
| Ceres Power Holdings PLC | View profile | 591 | Foundry Lane, Viking House, Horsham, West Sussex, United Kingdom, RH13 5PX | https://www.cerespower.com |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Niterra Co Ltd | View profile | 16247 | 14-18, Takatsuji-cho, Mizuho-ku, Nagoya, Japan, 467-8525 | http://www.ngkntk.co.jp |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
Japan solid oxide fuel cell market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid oxide fuel cell market will help companies and investors design strategic landscapes.
Stationary was the largest segment with a revenue share of 89.18% in 2022. Horizon Databook has segmented the Japan solid oxide fuel cell market based on stationary, transportation, portable covering the revenue growth of each sub-segment from 2018 to 2030.
The solid oxide fuel cell market in Japan has developed at a tremendous rate and is growing at a significant rate compared to the rest of the world on account of strong government support and strategic market focus.
The Japanese fuel cell market is over 30 years old. The country’s approach to product development is in tandem with several incremental changes in fuel cell technology.
The success of solid oxide fuel cell technology in Japan is primarily the result of collaboration between institutes, industries, end users, and the government. Technological developments have played the most crucial role in the advancement of solid oxide fuel cell technology in Japan.
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Target buyers of Japan solid oxide fuel cell market databook
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Our clientele includes a mix of solid oxide fuel cell market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan solid oxide fuel cell market , including forecasts for subscribers. This country databook contains high-level insights into Japan solid oxide fuel cell market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan solid oxide fuel cell market size, by application, 2018-2030 (US$M)
Japan Solid Oxide Fuel Cell Market Outlook Share, 2022 & 2030 (US$M)
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