Global Solid Oxide Fuel Cell (SOFC) Sales Market Report 2018

Published - Aug 2018 | Category - Chemical & Material | No. of Pages - 116 | Published By - Global QYResearch

The global solid oxide fuel cell market is estimated to reach $ 407.5 million by 2025, with a projected CAGR of 13%, signifying an increase in demand for a clean and emission free power source that is fuel cells.

The overall solid oxide fuel cells market is still in its nascent stage with existence of several untapped applications. The most prominent concern for the industry growth is the high cost of manufacturing and elongated time for charging up. SOFCs are extensively being used for power generation as it acts a clean source of energy. Due to their higher efficiency as compared to other fuel cells, SOFCs stand the most lucrative chance for further development in the coming years. Subsequently, the market has emerged highly dynamic over the period of time. Some of the major companies operating in the market include Bloom Energy, FuelCell Energy, Aisin Seiki, Siemens Energy and others.


 

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