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Solid Oxide Fuel Cell Market Manufacturers Data, Import Export Scenario, Application, Type, Regions and Future Forecast Till 2026

The MarketWatch News Department was not involved in the creation of this content.

Jan 11, 2021 (The Expresswire) —
The increasing need to develop and rapidly adopt green power generation technologies will be one of the main forces driving the growth of solid oxide fuel cell market. Coupled with this is the rising awareness and commitment to aggressively tackle global warming and pollution that will catalyze the rise of this market. As per a new Fortune Business Insights report, titled “Solid Oxide Fuel Cell Market Size, Share and Industry Analysis, By Application (Stationary, Transport, Portable), By End-User (Commercial, Data Centers, Military and Defense, Others), and Regional Forecast, 2019-2026”, the overall solid oxide fuel cell market is expected to grow from USD 0.53 Billion in 2018 to USD 2 Billion by 2026 at a CAGR of 18.3% during the forecast period.

To Gain More Insights into the Solid Oxide Fuel Cell Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/solid-oxide-fuel-cell-market-101306

The report is founded on exhaustive research that is aimed at enabling businesses to take strategic decisions that will best help strengthen their position in this upcoming market. In addition to this, the report shares a detailed evaluation and a comprehensive analysis of the various factors, trends, prospects, and dynamics that are likely to shape the market during the forecast period.

A solid oxide fuel cell (SOFC) is a device that operates at a high temperature and produces electrical energy using the electrochemical process. Additionally, these devices can harness high operating efficiency with fuel flexibility and substantial tolerance to foreign impurities.

The report on the solid oxide fuel cell market contains:

  • Future insights into the market

  • In-depth study of the regions

  • Product and brand strategies

  • Factors enabling market growth

  • Competitive landscape

  • COVID-19 impact

List of Prominent Players:

  • AVL

  • SOLIDpower Group

  • Bloom Energy

  • Nexceris, LLC

  • Mitsubishi Hitachi Power Systems

  • Ceres Power

  • Bosch

  • Suzhou Huatsing Jingkun New Energy Technology Co., Ltd.

  • AISIN SEIKI

  • Convion

  • Sunfire GmbH

  • FuelCell Energy

  • Elcogen

  • Catator

Request a Sample Copy for more detailed Solid Oxide Fuel Cell Market Overview –https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/solid-oxide-fuel-cell-market-101306

“Product Portfolio Diversification to be the Defining Feature of Competition”

The solid oxide fuel cell market report shared by Fortune Business Insights foresees a period of intense competition in this market. This will be a result of key players wanting to entrench their position in the market through strategic collaborations to widen their product offerings to consumers.

Key Industry Developments:

  • July 2019:UK-based Ceres Power, a leader in SOFC technology, entered into an £8 million licensing agreement with Korea-based Doosan Corporation to collaboratively develop SOFC power systems to meet the rising demands of South Korea’s commercial building market.

  • July 2019:Mitsubishi Hitachi Power Systems, Ltd. and NGK SPARK PLUG CO., LTD. teamed up to set up a joint venture company dedicated to the manufacture and sale of cylindrical cell stacks. These stacks are the power generating components in solid oxide fuel cells.

“Proactive Government Policies to Enhance Market Potential”

Rising government investments in promoting the adoption of advanced clean energy systems are anticipated to be one of the leading solid oxide fuel cell market trends. For example, the US Department of Energy reported that in 2019, USD 30 million were allotted to fund the fuel cell RandD sub-program in order to lower the costs of producing energy-efficient devices. Furthermore, governments across the globe are taking proactive steps to reduce their carbon footprint. This has prompted many private organizations to undertake solid measures to decrease their dependence on hydrocarbons and fossil fuels. Lastly, government intervention through tax exemptions and subsidies have reduced the overall manufacturing costs of such technologies, which augurs well for the SOFC market.

The report answers the following questions:

  • What are the recent solid oxide fuel cell market trends and developments?

  • How will the market be affected by changing consumer behavior?

  • Which strategies are being adopted by key players to enhance their market footprint?

  • Which region will remain in the dominant position in terms of revenue?

  • How many niche segments are present in the market?

“Stringent Emission Norms to Propel the Market in North America”

Among regions, North America is projected to dominate the solid oxide fuel cell market share, having generated USD 0.38 billion in revenue in 2018. This will be owing to strict government regulation of emissions, rising energy demands, and spiking investments in renewables. In Asia-Pacific, the market will be primarily driven by increasing investment in hydrogen technology and the presence of big companies. Moreover, the region is witnessing a growing number of scientific symposiums and events where ways to advance existing technologies, such as improving material electrode assemblies and fuel flexibility, are debated and researched. Europe is anticipated to register steady growth owing to a strong commitment by EU members to sustainability, distributed power generation initiatives, and policies to quicken the pace of uptake of clean energy alternatives such as biogas.

Speak to our Analyst for any Queries about Solid Oxide Fuel Cell Market Research Report –https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/solid-oxide-fuel-cell-market-101306

Major Table of Contents:

  1. Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  2. Executive Summary

  3. Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  4. Key Insights

    • Key Emerging Trends For Major Countries

    • Latest Technological Advancement

    • Regulatory Landscape

    • Industry SWOT Analysis

    • Porters Five Forces Analysis

  5. Global Solid Oxide Fuel Cell Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast By Application (MW, USD Billion)

      • Stationary

      • Transport

      • Portable

    • Market Analysis, Insights and Forecast By End-User (MW, USD Billion)

      • Commercial

      • Data Centers

      • Military and Defense

      • Others

    • Market Analysis, Insights and Forecast By Region (MW, USD Billion)

      • North America

      • Europe

      • Asia Pacific

      • Rest of the World

  1. North America Solid Oxide Fuel Cell Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast By Application (MW, USD Billion)

TOC Continued…….!

Purchase Full Report for Exclusive Solid Oxide Fuel Cell Market Growth Forecast –https://www.fortunebusinessinsights.com/checkout-page/101306

Other Exclusive Reports:

District Heating Market Size, Share And Major Industry Players Forecast (2020-2027)

Heat Exchanger Market Latest Trends, Revenue Growth Rate And Application Scope

High Voltage Cables Market Size and Detailed Analysis Focusing On Key Players

Industrial Gas Turbine Market Size, Overview, Segmentation And Geographical Forecast Till 2027| Fortune Business Insights

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact:

Name: Ashwin Arora
Email:[email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Solid Oxide Fuel Cell Market Manufacturers Data, Import Export Scenario, Application, Type, Regions and Future Forecast Till 2026

COMTEX_377506631/2598/2021-01-11T04:37:49

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