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Solid Oxide Fuel Cell Market Top Companies Hexis, Elcogen, Fuelcell Energy In 2025

01-23-2020 12:14 PM CET | Energy & Environment

Press release from: Kenneth Research

The Global Solid Oxide Fuel Cell Market was valued at USD 295.32 million in 2016 and is projected to reach USD 954.32 million by 2025, growing at a CAGR of 13.92% from 2017 to 2025.

A Solid Oxide Fuel Cell (SOFC) is an electrochemical conversion device that produces electricity directly from oxidizing a fuel. SOFCs can provide power to any device that normally works with batteries, as well as residential and commercial appliances including computers. Benefits of solid oxide fuel cell include – high efficiency, long term stability, fuel flexibility, low emissions, and relatively low cost.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Growing adoption by End-Users in Data Centers and the Military Sector
1.2 Ability to Run on Multiple Fuels
1.3 Rising demand for Energy Efficient Power Generation
1.4 Emergence of Hybrid-SOFC Technologies
1.5 Growing demand for clean energy sources
1.6 Growing Distributed Power Generation
2. Market Restraints
2.1 Technical Issues, Such as High Startup Time & High Operating Temperatures
2.2 Increasing capital cost
2.3 Available alternatives

Market Segmentation:
The Global Solid Oxide Fuel Cell Market is segmented on the application, type, end user, and region.

1. Application:
1.1 Combined Heat & Power
1.2 Military
1.3 Power Generation

2. By Type:
2.1 Tubular
2.2 Planar

3. By End User:
3.1 Telecom Towers
3.2 Auxiliary Power Unit
3.3 Residential
3.4 Data Centers
3.5 Commercial & Retail
3.6 Portable & Unmanned Systems

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Bloom Energy
2. Ceres Power Holdings
3. Hexis
4. Sunfire
5. Watt Fuel Cell Corporation
6. Elcogen
7. Ultra Undersea Sensor Systems
8. Atrex Energy
9. Aisin Seiki
10. Convion Fuel Cell Systems
11. Fuelcell Energy
12. Solidpower
13. Protonex
14. General Electric
15. Ztek Corporation

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Solid Oxide Fuel Cell Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

Contact Us

Kenneth Research

Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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