Solid Oxide Fuel Cell Market Share , Size , Recent Trends and Forecast to 2023

Solid Oxide Fuel Cell Market Research Report- Forecast to 2023

Solid Oxide Fuel Cell Market Share , Size , Recent Trends and Forecast to 2023

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Copyright Š 2018 Market Research Future.

Solid Oxide Fuel Cell Market Research Report- Forecast to 2023

1 Summary Planar SOFCs have anode, electrolyte, and cathode forming flat layers, in which the components are assembled in flat stacks allowing air and hydrogen flow through layers via channels. Planar SOFC is the largest market for SOFC market accounting higher power ratio as compared to other type of SOFCs. Planar SOFCs are extensively used in large and small stationary power generation, and military applications due to higher electrical efficiency.

The market is expected to grow at a CAGR of around 8% during the forecast period.

Key Players: The key players of the global Solid Oxide Fuel Cell market are FuelCell Energy (U.S.), Bloom Energy (U.S.), Aisin Seiki Co. Ltd. (Japan), Ceres Power Holdings Plc. (U.K.), Kyocera (Japan), Ceramic Fuel Cell Ltd. (Australia), and Delphi (U.K.) among others.

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Copyright Š 2018 Market Research Future.

Solid Oxide Fuel Cell Market Research Report- Forecast to 2023

2

Market Overview

SOFCs are made up of low cost ceramic compound of metal oxides that have extremely high efficiencies.

SOFCs work at very high temperatures, at around 800°C to 1000°C; highest of all fuel cell technologies.

SOFC market is regionally dominated by Asia-Pacific, with Japan and South Korea dominating the region, owing to increasing demand for clean and alternative sources of energy, rising industrial needs, and increasing growth of green energy use to reduce carbon emissions.

Solid oxide fuel cells (SOFCs) are electrochemical conversion devices, which produce electricity from oxidation for fuels. Increasing demand of highly efficient fuel cells for commercial applications like stationary, portable, military, or transportation, with high flexibility of fuels to be used are fuelling the growth of SOFC market. Researchers are working on producing low temperature SOFCs, as they reduce overall system cost by reducing insulation, materials, start-up, and degradation related costs. .

Segments

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Copyright © 2018 Market Research Future.

Solid Oxide Fuel Cell Market Research Report- Forecast to 2023

3 Market Research Analysis SOFC market is regionally dominated by Asia-Pacific, with Japan and South Korea dominating the region, owing to increasing demand for clean and alternative sources of energy, rising industrial needs, and increasing growth of green energy use to reduce carbon emissions.

Planar SOFCs have anode, electrolyte, and cathode forming flat layers, in which the components are assembled in flat stacks allowing air and hydrogen flow through layers via channels. Planar SOFC is the largest market for SOFC market accounting higher power ratio as compared to other type of SOFCs. Planar SOFCs are extensively used in large and small stationary power generation, and military applications due to higher electrical efficiency.

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Copyright Š 2018 Market Research Future.

Solid Oxide Fuel Cell Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.