Solid Oxide Fuel Cell Market to Hit $6.5 billion by 2027 - PowerPoint PPT Presentation

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Solid Oxide Fuel Cell Market to Hit $6.5 billion by 2027

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The solid oxide fuel cell market size will grow to USD 6.5 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 33.9 % during the forecast period . Fuel cells based on solid oxide technology offer a high operational efficiency, which can further be enhanced by utilizing the heat generated by these SOFCs while operations. – PowerPoint PPT presentation

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Title: Solid Oxide Fuel Cell Market to Hit $6.5 billion by 2027


1
Solid Oxide Fuel Cell Market by Type (Planar
Tubular), Application (Portable, Stationary,
Transport), End User (Commercial Industrial,
Data Centers, Military Defense, and Residential
) and Region - Global Forecasts to 2027
www.MarketsandMarkets.com
2
The solid oxide fuel cell market size will grow
to USD 6.5 billion by 2027 from USD 1.5 billion
in 2022, at a CAGR of 33.9 during the forecast
period. Government subsidies and increased RD on
fuel cell programs fuel flexibility and
increasing demand for energy-efficient power
generation and stringent emission norms are
likely to drive the solid oxide fuel cell
market. View detailed Table of Content here
https//www.marketsandmarkets.com/Market-Reports/
solid-oxide-fuel-cell-market-39365796.html
3
The planar segment is expected to dominate the
solid oxide fuel cell market, by product type,
during the forecast period. The market is
segmented, by type, into planar and tubular type
solid oxide fuel cell. The planar segment is
estimated to lead the market in terms of market
size however, the tubular segment is expected to
be the fastest-growing market. The growth of the
planar segment is mainly because of its the
simple geometry and relatively easier
construction process. Make an Inquiry
https//www.marketsandmarkets.com/Enquiry_Before_
BuyingNew.asp?id39365796

4
The stationary segment is expected to be the
largest solid oxide fuel cell market, by
application, during the forecast period.  The
market is segmented, by application, into
portable, stationary and transport application
solid oxide fuel cell. The stationary segment is
estimated to lead the market in terms of market
size and is even expected to be the
fastest-growing market. The growth of the
stationary segment is driven by the increasing
focus on hydrogen-powered fuel cells for back-up
power.

5
Commercial industrial segment is expected to be
the largest solid oxide fuel cell market, by
end-user industry, during the forecast period.
The market is segmented, by end-user, into
commercial industrial, data centers, military
defense, and residentials. The commercial
industrial segment accounted for the largest
solid oxide fuel cell market share in 2021.
Increased demand for clean energy generation is
expected to drive the market. The commercial and
industrial segment held a 42.8 share in 2021 of
the global solid oxide fuel cells market.
Commercial and industrial end users include
hospitals, hotels, shopping center malls, office
buildings, sports centers, transportation and
various others industrial facilities. 

6
Browse gtgt 178 market data
tables 52 figures
237 pages and in-depth TOC on Solid
Oxide Fuel Cell Market - Global Forecast to
2027 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 4950 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
7
Asia Pacific is expected to dominate the global
solid oxide fuel cell market, during the forecast
period Asia Pacific accounted for a 45.5 share
of the solid oxide fuel cell market in 2021 and
is expected to growth with a CAGR of 37.1 in the
forecast period. The region has been segmented,
by country, into Japan, China, South Korea and
Rest of Asia Pacific. The Rest of Asia Pacific
includes Australia, and India. The region faces a
tough challenge to reduce its carbon footprint
from various fossil-fuel-powered operations,
including power generation. Asia Pacific is one
of the leading markets that has adopted green
technologies to meet the targets set by the
governments for reducing GHG emissions.
Furthermore, countries such as Japan and South
Korea are increasing their investments to adopt
SOFC technology Speak to Analyst
_at_ https//www.marketsandmarkets.com/speaktoanalyst
New.asp?id39365796
8
  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the Solid
    Oxide Fuel Cell Market. These include
  • Bloom Energy (US),
  • Ceres(UK),
  • Mitsubishi Power (Japan),
  • Aisin Corporation (Japan),
  • Hitachi Zosen Corporation (Japan) and many
    more...
  • Buy Now - https//www.marketsandmarkets.com/Purc
    hase/purchase_reportNew.asp?id39365796

9
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
.com
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