SOLID OXIDE FUEL CELL MARKET ANALYSIS

Regional Analysis

Global Solid Oxide Fuel Cell Market: Regional Insights

The global solid oxide fuel cell market is geographically segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.  

Among regions, North America is projected to show strong growth in the global solid oxide fuel cell market. This can be attributed to early adoption of the commercial-scale deployment of fuel cells, government funding, and focus on reducing use of oil and emissions from the transportation sector leading to growing demand for SOFC-based fuel cells. Moreover, growing focus on improving hydrogen fueling infrastructure in the region is also likely to drive deployment of hydrogen fuel cell vehicles, which in turn is expected to support growth of the global solid oxide fuel cell market in the region over the forecast period.

Furthermore, Asia Pacific is also anticipated to show substantial growth in the global solid oxide fuel cell market over the forecast period. The region is likely to be one of the promising regional markets for SOFC due to favorable government policies in nations such as Japan, China, and South Korea that are fueling use of clean energy. The use of clean energy technology is increasing in China to turn into a low-carbon economy. Thus, the aforementioned factors are anticipated to fuel growth of the market in this region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa