Planar Solid Oxide Fuel Cell Market to Reach $1266.59 Million by 2026 | Major Players: Fuel Cell Energy, Bloom Energy Corporation, Protonex Technology Corporation, SOFC Power S.P.A, Topsoe Fuel Cell, Aisin Seiki Corporation Limited, Ultra Electronics, Wat

Global Planar Solid Oxide Fuel CelMarket Highlights
Global Planar Solid Oxide Fuel Cell Market is accounted for $414.44 million in 2017 and is expected to reach $1,266.59 million by 2026 growing at a CAGR of 13.2% from 2017 to 2026. Rising demand from automotive sector, growing R&D expenditure for commercializing planar SOFC technology and increasing support for alternative power generation technologies from governments across the world are some of the key factors driving the market growth. However, the longer start-up time and high capital investment are few factors restraining the growth of the market.

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Planar solid oxide fuel cell (SOFC) is a flat, thin ceramic plate that converts the chemical energy of a fuel into electricity with least amount emissions. It offers a clean, low-pollution technology to electrochemically generate electricity at high efficiencies, since their efficiencies are not limited by the Carnot cycle of a heat engine. These fuel cell technologies have many advantages over traditional energy conversion systems including high efficiency, consistency, modularity, fuel compliance, and very low levels of NOx and SOx emissions

Top Players:
Some of the key Players in the Planar Solid Oxide Fuel Cell Market are Fuel Cell Energy, Bloom Energy Corporation, Protonex Technology Corporation, SOFC Power S.P.A, Topsoe Fuel Cell, Aisin Seiki Corporation Limited, Ultra Electronics, Watt Fuel Cell Corporation, Convion Fuel Cells Ltd., Hexis AG, Ceres Power Holdings PLC., Delphi, Accumentrics Corporation, Staxera Sunfire Gmbh and Ceramic Fuel Cells Limited.

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Market Segmentation:
Based on Application, Stationary power is that which produces energy, with the possibility of supplementary heat, from a source which cannot be moved. Stationary SOFC power plants are the stack module containing the SOFC stack aggregate and the related peripherals. It has been presented that 21–75% of the systems’ total cost can be due to the stack module. One system being developed to change the way energy is produced and distributed is the combined heat and power (CHP) system.

Based on geography, Europe is estimated to have a significant growth in the market during the forecast period. The growth is due to rising need for alternative electric power generation technologies and increasing preference towards distributed power generation.

Components Covered:
• Manifold
• Planar Cell
• Separator Plate
• Seal
• Other Components

Applications Covered:
• Portable
• Stationary
• Transportation

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