Global Solid Oxide Fuel Cell (SOFC) Market Outlook (2017-2026): The Rising Demand for Energy Efficient Power Generation is a Key Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 9, 2018--The “Solid Oxide Fuel Cell - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Solid Oxide Fuel Cell market 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.
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.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Solid Oxide Fuel Cell Market, By Type
6 Global Solid Oxide Fuel Cell Market, By Application
7 Global Solid Oxide Fuel Cell Market, By Geography
8 Key Developments
9 Company ProfilingSOFC 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. Altair Nanotechnologies Inc.
For more information about this report visit https://www.researchandmarkets.com/research/prrf29/global_solid?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005478/en/
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Related Topics:Fuel Cells
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY
SOURCE: Research and Markets
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PUB: 11/09/2018 12:40 PM/DISC: 11/09/2018 12:40 PM