Trending News: Solid Oxide Fuel Cell Market Size, Share, Trends, Growth, Analysis, Research

  • According to the new market research report Solid Oxide Fuel Cell (SOFC) Market by Design (Tubular Type, Planar Type), by Application (Stationary, Transport), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global solid oxide fuel cell market is estimated to reach USD 1,168 Million by 2027 at a CAGR of over 13.0% from 2020 to 2027
  • The market is growing on the grounds of rising global demand for cleaner energy generation method
  • Favorable support by the government through funding and subsidies is further fueling the SOFC market growth
  • The market growth is hampered owing to high initial investment and operational cost of SOFC
  • Growing global population generating higher demand for electricity coupled with increasing global concern to minimize emissions is driving the global attention towards adoption of SOFC
  • Government funding and subsidies to promote research & development of advanced SOFC technology is another factor fueling the market growth
  • High initial and operational cost with short life of the SOFC is acting as major restraint for the market growth
  • Ongoing research and development towards low temperature SOFC is opening new growth opportunities for the SOFC market
  • Longer operational time with issues related to heat controlling of SOFC is the key market challenge
  • North America
  • Europe
  • Bloom Energy:
  • Elcogen AS:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach