Solid Oxide Fuel Cell Market Expected to reach $1356.51 million by 2026 grow at a CAGR of 14.9% | SOFC Power S.P.A, Watt Fuel Cell, Ultra Electronics Ami, LG Fuel Cell Systems, Staxera-Sunfire, Protonex Type

Solid Oxide Fuel Cell market is accounted for $389.21 million in 2017 and is expected to reach $1356.51 million by 2026 growing at a CAGR of 14.9%. Factors that are driving the market include rising demand for energy efficient power generation, increasing private-public partnerships, biomass utilization and variety of fuels. However, risks associated with investment in hydrogen refuelling stations and high capital costs are hampering the market growth. In addition, integration technologies are providing growth opportunities for the market.

A Solid Oxide Fuel Cell generates electricity by electrochemical process that involves oxidation of the electrolyte, when placed between the two electrodes anode and cathode. Fuel cells are considered as potential candidates for mobile power and auxiliary power. The benefits offered by SOFC are little cost, low emission, lasting stability, high efficiency and fuel flexibility.

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Amongst application, stationary segment is anticipated to grow at a considerable market share due to growing adoption of fuel cells in automobiles, marine and trucks. Furthermore, huge scale of projects to power homes with solid oxide fuel cells is also fuelling the market. By geography, North America is expected to lead the global market and will continue to lead the SOFC market throughout the forecasted period due to increasing demand for efficient power generation and government subsidies.

Some of the key players in the Solid Oxide Fuel Cell market include SOFC Power S.P.A, Watt Fuel Cell Corporation, Ultra Electronics Ami, LG Fuel Cell Systems Inc., Staxera-Sunfire Gmbh, Protonex Type Corporation, Ultra Undersea Sensor Systems, General Electric, Elcogen, Hexis AG, Fuel Cell Energy, Delphi Automotive LLP, Convion Fuel Cells Ltd, Ceres, Power Holdings Plc, Ceramic Fuel Cells Limited, Bloom Energy Corporation, Aisin Seiki Co., Ltd., Acumentrics Corporation, Adaptive Materials, Inc and Altair Nanotechnologies Inc .

Types Covered:
-Thin film

Applications Covered:

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Regions Covered:
-North America
-Rest of Europe
-Asia Pacific
-New Zealand
-Rest of Asia Pacific
-Rest of the World
-Middle East
-South Africa

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-Market share assessments for the regional and country level segments
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-Strategic recommendations for the new entrants
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-Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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Posted by on Thursday April 25 2019, 5:00 AM EDT. All trademarks acknowledged. Filed under Energy & Natural Resources, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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