Solid oxide fuel cells (SOFCs) are fuel cells capable of generating power through electrochemical reactions. These devices use electrolytes made from zirconium or calcium to attain the necessary electrical efficiency. Its ability to function efficiently at low temperatures has led to investments from major industries.

The higher electrical efficiency rate of SOFCs is the primary factor fueling market demand globally. The huge potential of the technology in developing economies looking to curb energy costs can be a huge opportunity for the market. In addition, environmental concerns regarding emissions and renewable energy targets of countries can work favorably for the market in the coming years. Alternatives to SOFCs pose the biggest threat to market growth.

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Segment Overview

By type, the solid oxide fuel cell market has been segmented into tubular and planar. The planar segment can be expected to showcase a strong growth rate owing to high energy efficiency and low power losses accrued by its usage. Its future applications in underwater vehicles, auxiliary power units, and portable devices can boost segment growth during the forecast period.

By mobility, the market is segmented into stationary and portable. By application, the market is segmented into power generation, military, and combined heat & power. The power generation segment is likely to dominate over the forecast period owing to increasing demand for power in energy-producing plants for cooling purposes.

Major market end-users include data center, commercial & residential, retail, and auxiliary power units. The data center segment is likely to garner immense market demand owing to corporate giants shifting their proprietary data to the cloud for curbing operational expenditures. The use of SOFCs in these data centers are energy-efficient and play a huge role in curtailing carbon emissions.

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The segments and sub-segments covered in the report are analyzed under three major regions – North America, Europe, and Asia Pacific (APAC), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “solid oxide fuel cell” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.

Competitive Dashboard

The prominent vendors making their mark in the market are FuelCell Energy (U.S Bloom Energy (U.S.), Delphi (U.K), Atrex Energy (U.S.), Convion Fuel Cell Systems (Finland), and WATT Fuel Cell Corporation (U.S.).

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