Solid Oxide Fuel Cell (SOFC) Market - Global Outlook and Forecast 2021-2027

COVID-19 Impact Analysis on Solid Oxide Fuel Cell Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Solid Oxide Fuel Cell Market include  Bloom Energy Corp., DuPont de Nemours, Inc., Sunfire GmbH, Mitsubishi Hitachi Power Systems, Ltd., Sunfire GmbH, Elcogen AS, Ceres Power Holdings plc, Elcogen AS..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Solid Oxide Fuel Cell Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/solid-oxide-fuel-cell-market/download-sampleMarket SegmentationThe broad Solid Oxide Fuel Cell Market has been sub-grouped into the Type, Application, End-User and Region.

The report studies these subsets with respect to the geographical segmentation.

Global Solid Oxide Fuel Cell Market was valued US$600 Mn in 2017 and is expected to reach US$1,150 Mn by 2026 at a CAGR of about 9.5 %.

The reported segment of Global Solid Oxide Fuel Cell Market based on type, application, end user and region.

Renewable and cost-effective solution over the traditional energy source is the factor to boost the demand for a planar solid oxide fuel cell.

Government subventions for a fuel cell in developed economies such as North America, Japan, and Europe alongside with growing demand for efficient power generation are the driving factor for growth in the planar solid oxide fuel cell market.

The increasing costs of compounds and commercialization are swelling complexity in the formation of a substructure of solid oxide fuel cells will restrain the growth of the market.

Planar solid oxide fuel cell is widely used in commanding power module owing to it offers efficient flexibility.

San Francisco, 21 May 2020 — “Solid Oxide Fuel Cell (SOFC) Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025”  Global Solid Oxide Fuel Cell (SOFC) Market size is anticipated to value at USD 1.42 billion by 2025, during the forecast period.

The market is subject to witness a substantial growth due to growing emphasis on finding an alternative energy sources and increasing awareness about benefits of the solid oxide fuel cells (SOFC).

Rise in preference towards solid oxide fuel cells (SOFC) is mainly due to their capability of generating electricity with the help of different set of fuels including hydrogen, natural gas, and biogas.

Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/solid-oxide-fuel-cells-sofc-market/request-sample Growing concerns regarding carbon emissions and rising pressure on the developed economies to limit greenhouse gas emission are fueling expansion of the solid oxide fuel cell (SOFC) industry in recent years.

Other factors responsible for sustained growth of the market are increasing focus on energy security and higher efficiency associated with the adoption of solid oxide fuel cells (SOFC).

Global Solid Oxide Fuel Cell (SOFC) Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.

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.

Japan is leading in the region with vast applications of fuel cells, ranging from backup services for data centers, combined heat and power for homes, and many more.

China has also witnessed a rise in its hyper-scale platforms, owing to which providing data center services for Chinese hyper-scale platforms have become necessary.

Request a Sample of Planar Solid Oxide Fuel Cell Market research @ https://www.strategymrc.com/report/planar-solid-oxide-fuel-cell-market/request-sample Some of the key players in Planar Solid Oxide Fuel Cell Market include Accumentrics Corporation, Bloom Energy Corporation, Fuel Cell Energy, Ceramic Fuel Cells Limited, Watt Fuel Cell Corporation, Ultra Electronics, Ceres Power Holdings PLC., Protonex Technology Corporation, Aisin Seiki Corporation Limited, Delphi, SOFC Power S.P.A., Staxera Sunfire Gmbh, Topsoe Fuel Cell, Convion Fuel Cells Ltd., Hexis AG, Ballard Power Systems Inc., and Chevron Corporation.

Several end-use industries, such as chemical, power generation, and automotive, are increasingly using planar solid oxide fuel cells (SOFCs) due to the various advantages offered by such cells, such as fuel adaptability, high efficiency, and low sulfur oxide (SOx) and nitrogen oxide (NOx) emissions.

The increasing adoption of these cells can be attributed to the surging enactment of stringent regulations in Germany, Japan, and the U.S. to curtail the generation of harmful emissions from such end-use industries.

Additionally, these emission norms also aim to reduce the dependency of such countries on fossil fuels.Moreover, the rapid development of alternative power generation technologies is expected to fuel the planar solid oxide fuel cell market at a CAGR of 11.4% during 2016–2022.

The market was valued at $379.9 million in 2015 and it is projected to reach $804.9 million by 2022.

Governments across the world are concerned about the depletion of non-renewable resources.

To overcome this challenge, countries such as Germany, China, Japan, South Korea, and the U.S. are focusing on the development of planar SOFC technology by undertaking numerous research activities.Additionally, the widening application base of SOFCs in the oil and gas industry will fuel the production of such products in the coming years.