Market Research Future published a half-cooked research report on Global Solid Oxide Fuel Cell Market that contains the information from 2017 to 2023. Global Solid oxide fuel cell market is expected to grow with the CAGR of approximately 8% from 2017 to 2023.
Market Highlights
Solid Oxide Fuel Cells are highly efficient operating at high temperature, which means that fuels can be transformed within the fuel cell itself, eliminating the need for external reforming and allow the units to be used with a variety of hydrocarbon fuels. They can be used with coal gas as they are relatively resistant to small quantities of sulphur in the fuel, compared to other types of fuel cell. Their ability to tolerate fossil fuel impurities, like ammonia and chlorides, Solid oxide fuel cells (SOFCs) are widely used for variety of applications.
SOFCs electrochemically generate electricity at higher efficiencies, and have greater potential as compared to any other type of fuel cell technology. Stationary SOFCs are expected to dominate the global SOFC market by application, due to increased deployment of SOFC as a primary and backup power generator for electronic devices such as installations in residential and commercial sectors for combined heat and power generation.
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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),
- Delphi (U.K.)
- Others
Market Research Analysis
SOFCs produce electricity at higher efficiencies, and have greater potential as compared to any other type of fuel cell technology. 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.
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..
Asia-Pacific region dominates the global solid oxide fuel cell market
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. SOFCs, in Asia-Pacific, North America, and Europe, have potential application in combined heat & power (CHP) systems, to be implemented in commercial buildings for electric and thermal power generation.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continue……….
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