Solid Oxide Fuel Cell Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Solid Oxide Fuel Cell market is accounted for $389.21 million in 2017 and is expected to reach $1356.51 million by 2026 growing at a CAGR of 14.9%.

Gaithersburg, Maryland, U.S. – September 27, 2018 /MarketersMedia/ —

Factors that are driving the market include rising demand for energy efficient power generation, increasing private-public partnerships, biomass utilization and variety of fuels. However, risks associated with investment in hydrogen refuelling stations and high capital costs are hampering the market growth. In addition, integration technologies are providing growth opportunities for the market.

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A Solid Oxide Fuel Cell generates electricity by electrochemical process that involves oxidation of the electrolyte, when placed between the two electrodes anode and cathode. Fuel cells are considered as potential candidates for mobile power and auxiliary power. The benefits offered by SOFC are little cost, low emission, lasting stability, high efficiency and fuel flexibility.

Amongst application, stationary segment is anticipated to grow at a considerable market share due to growing adoption of fuel cells in automobiles, marine and trucks. Furthermore, huge scale of projects to power homes with solid oxide fuel cells is also fuelling the market. By geography, North America is expected to lead the global market and will continue to lead the SOFC market throughout the forecasted period due to increasing demand for efficient power generation and government subsidies.

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Some of the key players in the Solid Oxide Fuel Cell market include SOFC Power S.P.A, Watt Fuel Cell Corporation, Ultra Electronics Ami, LG Fuel Cell Systems Inc., Staxera-Sunfire Gmbh, Protonex Type Corporation, Ultra Undersea Sensor Systems, General Electric, Elcogen, Hexis AG, Fuel Cell Energy, Delphi Automotive LLP, Convion Fuel Cells Ltd, Ceres, Power Holdings Plc, Ceramic Fuel Cells Limited, Bloom Energy Corporation, Aisin Seiki Co., Ltd., Acumentrics Corporation, Adaptive Materials, Inc and Altair Nanotechnologies Inc.

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Types Covered:
• Planar
• Thin film
• Tubular

Applications Covered:
• Portable
• Transportation
• Stationary

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 413100

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