According to the new market research report Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) – Global Forecast to 2025, published by MarketsandMarkets™, Government subsidies and fuel cell programs in North America, Japan, and Europe along with increasing demand for efficient power generation are the major drivers that would trigger the growth in the market.
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Rising demand for distributed power generation in North America and Asia Pacific, increasing adoption of solid oxide fuel cells in data centers, and military sector and development of hybrid-SOFC technologies could lead to opportunities for the market. High capital costs and competition from other fuel cell technologies, such as PEMFC could be a restraint to the growth of the market.
Browse and in-depth TOC on “Solid Oxide Fuel Cell Market”
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133 – Pages
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In this report, the solid oxide fuel cell market has been analyzed with respect to three regions, namely, North America, Asia Pacific, and Europe. The market in North America is expected to lead the global market during the forecast period due to increasing demand for efficient power generation and government subsidies.
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Some of the leading players in the solid oxide fuel cell market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), and Atrex Energy (US). Contracts & agreements and joint ventures and collaborations were some of the strategies adopted by these players.
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