Solid Oxide Fuel Cell Market Size To Reach $4.7 Billion By 2033

Solid Oxide Fuel Cell Market Growth & Trends

The global solid oxide fuel cell market size is estimated to reach USD 4.7 billion by 2033, expanding at a CAGR of 15.7% from 2025 to 2033, 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 technological advancements to tackle the issue by providing research funding and drafting supportive policies and plans.

The global SOFC market is highly competitive owing to the ongoing technological advancements by the existing vendors and new entrants. Market players are concentrating on strengthening their relations with system installers due to their strong local presence and close ties with the clients, which in turn is likely to help enhance geographical presence.

 Request a free sample copy or view report summary: Solid Oxide Fuel Cell Market Report

Solid Oxide Fuel Cell Market Report Highlights

• In terms of revenue, the stationary segment accounted for a prominent market share of 80.13% in 2024 and is further expected to witness major growth during the forecast period

• North America held over 34.52% revenue share of the Global Solid Oxide Fuel Cell market.

• In Europe, Germany dominated the market by the revenue share during 2024

• In March 2025, Bloom Energy announced the successful installation of a 20 MW solid oxide fuel cell system at a major data center campus in Texas, United States. The project, one of the largest global SOFC deployments for digital infrastructure, is designed to deliver uninterrupted, low-emission power while reducing the facility’s reliance on the grid. The system is expected to cut over 45,000 metric tons of CO? emissions annually, supporting energy resilience and corporate sustainability targets.

Solid Oxide Fuel Cell Market Segmentation

Grand View Research has segmented the global solid oxide fuel cell market based on application and region:

Solid Oxide Fuel Cell Application Outlook (Volume, Thousand Units; Capacity, kW; Revenue USD Million, 2021 - 2033)

• Stationary

• Transportation

• Portable

Solid Oxide Fuel Cell Regional Outlook (Volume, Thousand Units; Capacity, kW; Revenue USD Million, 2021 - 2033)

• North America

  • U.S.

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • South Korea

List of Key Players in Solid Oxide Fuel Cell Market

• Bloom Energy

• Mitsubishi Power Ltd.

• Ceres

• General Electric

• FuelCell Energy Inc.

• Ningbo SOFCMAN Energy

• KYOCERA Corporation

• AVL

• NGK SPARK PLUG CO., LTD.