The global solid oxide fuel cell market was valued at USD 284.3 Million in 2016 and is expected to grow at a CAGR of 13.88%, from 2017 to 2025 to reach a market size of 1,140.6 Million by 2025. Government subsidies and fuel cell programs in North America, Japan, and Europe along with increasing demand for efficient power generation are the major drivers that would trigger the growth in the market..

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Objectives of the Study
To define, describe, and forecast the global solid oxide fuel cell market by type, application, and region
To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market rankings and core competencies
To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global solid oxide fuel cell market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

Based on application, the solid oxide fuel cell is segmented into power generation, combined heat and power, military, and others. The power generation application dominated the market mainly due to high demand for distributed power generation for commercial and retail and data centers end-use in the North American region.

Market Ecosystem:
The solid oxide fuel cell ecosystem comprises equipment manufacturers such as Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), Atrex Energy (US), WATT Fuel Cell (US), Hexis (Switzerland), and Convion (Finland).

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