Global Solid Oxide Fuel Cell Market With a CAGR of 13.88%, to reach new heights by 2025
The global market is set to witness a significant growth due to government subsidies and fuel cell programs in the US, Japan, and Europe.
Browse 88 Market Data Tables and 28 Figures spread through 133 Pages and in-depth TOC on "Solid Oxide Fuel Cell Market"
The power generation segment is expected to hold the largest share of the solid oxide fuel cell market, by application, during the forecast period.
The power generation segment was the largest segment by market share for the solid oxide fuel cell market in 2016 and is projected to dominate the solid oxide fuel cell market during the forecast period. The growth of the power generation segment is primarily driven by the increasing demand for efficient power generation by the commercial and retail end-use segments as well as data centers and telecom towers. Solid oxide fuel cells have an efficiency of as high as 67% as compared to other technologies, such as reciprocating engines which have an efficiency of less than 30%. The government subsidies and incentives given for fuel cell installations in the US and Japan are also driving the growth of the power generation segment.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39365796
The planar segment is expected to hold the largest share of the solid oxide fuel cell market, by type, during the forecast period.
The planar segment held the largest market share in the solid oxide fuel cell market, by type in 2016 and is expected to dominate the market during the forecast period. The growth of the planar segment is mainly attributed to the applications of the planar SOFC type in the power generation segment and transportation APU end-use. The planar type is the most commonly used type of solid oxide fuel cell for sub-megawatt and megawatt-scale installations. Companies, such as Bloom Energy (US) and Sunfire (Germany) which dominate the power generation segment, offer planar type SOFC.
North America: The leading market for solid oxide fuel cell
In this report, the solid oxide fuel cell market has been analyzed with respect to three regions, namely, North America, Europe, and Asia Pacific. The market in North America led the global solid oxide fuel cell market in 2016. Government subsidies and incentives provided for the installation of solid oxide fuel cells for power generation applications was the driving factor for the growth in this region. The market in North America is dominated by the power generation segment, with Bloom Energy being the market leader in the supply of solid oxide fuel cells. Several commercial and retail outlets, such as Walmart, Home Depot, and Ikea are investing in solid oxide fuel cells to power their retail outlets and offices for cost saving and emission reduction. Data centers are also adopting solid oxide fuel cells for energy cost saving and efficient power generation. The military segment is also witnessing a growing demand for solid oxide fuel cells for stationary and portable power generation solutions.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the solid oxide fuel cell market. The key players include Bloom Energy (US), Aisin Seiki (Japan), Sunfire (Germany), and SOLIDpower (Italy). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Solid Oxide Fuel Cell Market With a CAGR of 13.88%, to reach new heights by 2025 here
News-ID: 1912269 • Views: 762
More Releases from MarketsandMarkets(TM)
Casino Management Systems Market predicted to obtain $13.7 billion by 2025
According to a new market research report "Casino Management Systems Market by Component (Solutions and Services), Application (Accounting, Security and Surveillance, Player Tracking, Hotel and Hospitality, Analytics, and Digital Content Management), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 6.4 billion in 2020 to USD 13.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.4%
5G Core Market extrapolated to obtain $ 9,497 million by 2025
According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth
IoT in Healthcare Market worth $188.2 billion by 2025
According to a new market research report "IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 72.5 billion in 2020 to USD 188.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.0% during the
Affective Computing Market revenues to gain $140.0 billion by 2025
According to a new market research report "Affective Computing Market by Technology (Touch-based and Touchless), Component (Software (Speech Recognition and Gesture Recognition) and Hardware (Sensors, Cameras, and Storage Devices and Processors)), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the affective computing market size in the post-COVID-19 scenario is projected to grow from USD 28.6 billion in 2020 to USD 140.0 billion by 2025, at a CAGR
More Releases for Solid
Solid State Transformer Market
The global "Solid State Transformer Market Is Expected To Reach Around USD 495 Million Globally By 2024” report acts as a journal comprising every detailed information about the global Solid State Transformer Market, which basically includes a preface, market value, growth pattern, and much more relevant information. The report offers the complete structural outline and description of the Solid State Transformer Market. An estimation of the growth pattern is
Advancements in Solid Masterbatches Market
As per a new report by Transparency Market Research (TMR), there is and will be intense rivalry among the local and global players within the global solid masterbatches market. This market is fragmented with players competing with each other in terms of quality and price differentiation. Players are investing in innovation and technological advancements so as to stay ahead of all competition. The names of the leading players operating within
Solid State Battery Market -
Solid state batteries are the batteries which are particularly lightweight and long-lasting, owing to their being designed with electrode and electrolyte materials. The bulky, flammable, liquid-core rechargeable lithium-ion (Li-Ion) batteries of today will be made obsolete by solid-state batteries. Solid Batteries are becoming increasingly relevant with the adoption of electric vehicles (EVs) and the unending growth in usage of portable electronic devices. The key reasons driving the growth of the All-Solid-State
Solid Thin Film Battery market
This report presents a 360-degree overview of the competitive scenario of the Global Solid Thin Film Battery market. Thus helping organizations understand the major threat and opportunities that vendors in the market are dealt with. It also includes detailed business profiles of some of the major vendors in the market. With the all-inclusive market data concerning the crucial elements and segment of the market that can influence the growth prospects
Solid Hardwood Market Professional Survey Report 2017
About: Solid Hardwood Solid Hardwood in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request Sample Copy At @ https://www.reportsandmarkets.com/sample-request/global-solid-hardwood-market-professional-survey-report-2017-1726657 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering: Armstrong, Bruce, Horner, Robbins, Connor, Lauzon Flooring, Natural Wood, Aacer
Solid State Connector Market Technological Advancements 2024
Solid state connector is a device or circuit that is made entirely from solid material and within which electrons and various other charged particles are entirely confine. The working principal of a solid state connector is entirely the same as that of a conventional gas discharge tube device. In a solid state connector the electric charges are confined within the solid elements and are engineered to amplify or switch the