The solid oxide fuel cell market is expected to grow at a CAGR of over 14% over the forecast period 2020-2025. Factors such as increased environmental issues and increased demand for clean electric energy are expected to be the major drivers of the market. The solid oxide fuel cell market is expected to grow as the demand for clean energy increases due to concerns over the environmental impact of energy generation from conventional energy sources such as coal and natural gas. However, the relatively high initial cost and new technology somewhat hindered the growth of solid oxide fuel cells in the market.
A full report of Solid Oxide Fuel Cell Market available at https://www.orionmarketreports.com/solenoid-valves-market/50644/
Bloom Energy (US), Ceres Power (UK), Mitsubishi Power (Japan), Aisin Seiki Co (Japan), and Hitachi Zosen (Japan) are the leading players in the solid oxide fuel cell market Sunfire (Germany), Convion (Finland), Kyocera (Japan), Elcogen (Estonia), SOLIDPower (Italy), Watt Fuel Cell Corporation (US), H2E Power (India), ZTEK Corporation (US), Fuel Cell Energy (US), Doosan Fuel Cell (US), and POSCO Energy (South Korea) and others are other players operating in the market are the leading players in the global solid oxide fuel cell.
Solid Oxide Fuel Cell Market- Segmentation
By type:
• Planar
• Tubular
By application:
• Portable
• Stationary
• Transport
By end user:
• Power Generation
• Automotive
• Hydrogen Generation
• Others
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