The latest market intelligence report, titled ‘Global Solid oxide fuel cells Market’, is intended to provide the target audience with the necessary information about the global Solid oxide fuel cells industry. The report comprises a detailed analysis of the vital elements of the Solid oxide fuel cells market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Solid oxide fuel cells market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Reserch, is a detail-oriented compilation of the crucial aspects of the Solid oxide fuel cells market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
Increasing public-private collaborations and increasing government initiatives regarding the adoption of solid oxide fuel cells are driving the demand of the market.
is expected to reach USD 16.58 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of solid oxide fuel cells to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.
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Some Key Highlights from the Report
- The Proton Exchange Membrane Fuel Cell (PEMFC) segment dominated the market with a share of 53.5% in 2019 due to its higher efficiencies, lower emission rate, and can operate at a lower temperature.
- The transportation segment is expected to register the highest CAGR of 26.0% over the forecast period as the government of the developing countries is replacing the gasoline-based bus with solid oxide fuel cells based buses in order to reduce the CO2 emission.
- Asia-Pacific has the highest adoption rate in the market due to the favorable policies and initiatives of the government in countries such as Japan, China, and South Korea.
- Key participants include Ballard Power Systems, Hydrogenics Corporation, FuelCell Energy, Inc., Bloom Energy, Plug Power, Inc., SFC Energy AG, Ceres Power Holdings PLC, Doosan Fuel Cell America, Intelligent Energy, and Toshiba Energy Systems Solutions Corporation, among others.
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global Solid oxide fuel cells Market on the basis of Product, Application, End-User, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Phosphoric Acid Fuel Cell (PAFC)
- Molten Carbonate Fuel Cell (MCFC
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Solid Oxide Fuel Cell (SOFC)
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Portable
- Stationary
- Transportation
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Defense
- Fuel Cell Vehicles
- Utilities
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
The study explores in details about the recent trend fast gaining momentum in the Solid oxide fuel cells industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Solid oxide fuel cells market during the forecast period, 2020 – 2027 is carefully scrutinized during the research.
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