Solid Oxide Fuel Cell Market Leading Key Players by Forecast to 2023 | Delphi (U.K.), Atrex Energy (U.S.), Redox Power Systems (U.S.), Ceres Power Holdings Plc. (U.K.), Ceramic Fuel Cell Ltd. (Australia), FuelCell Energy (U.S.)

Solid Oxide Fuel Cell Market – Overview

Market Research Future (MRFR)’s latest report reveals that the global solid oxide fuel cell market will grow phenomenally at 12.87% CAGR during the forecast period (2017-2023). There has been a growing requirement for zero emission energy devices coupled with alternative sources of energy, which helps shape the market size positively. Moreover, a growing number of companies globally are conducting research and development activities to enhance the class of solid oxide fuel cells, increasing its efficiency, stability, and flexibility. On account of these benefits, their demand has snowballed globally. Features of low emissions and reasonable costs will impact the overall market. Moreover, solid oxide fuels have become a crucial part of auxiliary and mobile units, giving rise to key growth opportunities in the market.

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Global Market for Solid Oxide Fuel Cell – Competitive Dashboard

The prominent vendors making their mark in the market are FuelCell Energy (U.S Bloom Energy (U.S.), Delphi (U.K), Atrex Energy (U.S.), Convion Fuel Cell Systems (Finland), and WATT Fuel Cell Corporation (U.S.).

Regional Outlook:-

Geographically, the solid oxide fuel cell market covers North America, Europe, and Asia Pacific.
Among all regions, North America is the leading market across the globe. The region dominated the global solid oxide fuel cell market with 46.5% share in 2017. In North America, the United States is the major economy contributing to the solid oxide fuel cell market. Also, the region will expand further with a CAGR of 13.11% and will sustain its dominance throughout the forecast period. Favorable government initiatives, development of large-scale companies, heavy investments in research and development activities, and technological advancements have led to the impressive growth of the market over the past few years.

Not much behind is the Europe market, with the region witnessing promising growth. Increasing public-private sector relationships, increasing price of crude oil and high demand from end users such as power suppliers, automobile industry, residential builders, and electronic companies have triggered the market growth, and the growth will not falter even during the forecast period.

Major Points From TOC:-
1 Executive Summary
2 Market Introduction
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 22
3.5 Forecast Model 23

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4 Market Dynamics
4.1 Introduction 25
4.2 Drivers 26
4.2.1 High Electrical Efficiency Than Conventional Batteries 26
4.2.2 Suitability Of SOFC For A Variety Of Applications 26
4.2.4 Drivers Impact Analysis 27
4.3 Restraints 28
4.3.1 High Cost And Complicated Fabrication 28
4.3.2 Competition From Substitute Cell Technologies 28
4.3.3 Restraints Impact Analysis 29
4.4 Opportunity 29
4.4.1 Potential In Emerging Economies 29
Continued.........

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