Solid Oxide Fuel Cell Market Cost Structure and Growth Opportunities 2019

Posted by RakshaGajbhiye on January 14th, 2020

The recent research, Solid Oxide Fuel Cell market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.

This report on the Solid Oxide Fuel Cell market is a thorough analysis of the size, share, demand, growth, gross profits, earnings, and revenue of the industry. It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to project the growth of the industry in the years 2019 to 2026.

The global solid oxide fuel cell market was valued at more than USD 280 million in 2016 and is expected to cross USD 1 billion by the end of 2025. A solid oxide fuel cell (SOFC) is an electrochemical conversion device, which oxidizes a fuel and as a result generates electricity. The characteristics of SOFC are high combined heat and power efficiency, long shelf life, long-term stability, fuel flexibility, low emissions, and low cost as compared to others. These characteristics are likely to promote the growth of the SOFC market.

Key participants include

  •          Ceres Power Holdings Plc.
  •          WATT Fuel Cell Corporation
  •          Convion Fuel Cell Systems
  •          Ceramic Fuel Cell Ltd.
  •          Bloom Energy
  •          Elcogen
  •          FuelCell Energy
  •          Delphi
  •          Atrex Energy
  •          Protonex
  •          Redox Power Systems

Market segment based on the Type:

  •          Tubular
  •          Planar

Market segment based on Mobility:

  •          Stationery
  •          Portable

Market segment based on End-users:

  •          Data center
  •          Commercial & Residential
  •          Retail
  •          Others

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The report charts the future of the Solid Oxide Fuel Cell market for the forecast period, 2019 to 2026. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors.

Further key findings from the report suggest

  • Among the product types, floors account for the largest market share of ~25% in the year 2018 and are anticipated to witness the fastest growth of 6.3% during the forecast period. Solid Oxide Fuel Cell floors are completely customizable and provide a great alternative to traditional floorings such as carpet, linoleum, tile, wood, stone, or marble. Color choices, patterns, textures, and finish options combine for limitless design possibilities.
  • Moreover, concrete is exceptionally long-lasting, durable, and easy to maintain. Applying a decorative treatment on existing concrete subfloors is an affordable and environmentally friendly option.
  • Europe held the largest market share of ~31% in the year 2018. High construction & infrastructure spending are majorly escalating the demand for Solid Oxide Fuel Cell.
  • Firms working to spread Solid Oxide Fuel Cell globally have been focusing on building a market in Europe. The cement and concrete sector in Europe also plays an important role in the global Solid Oxide Fuel Cell market growth. Moreover, the increase in public spending has led to dedicated investments in the infrastructure and construction industry.

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Joined: January 10th, 2020
Articles Posted: 374

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