Solid oxide fuel cell (SOFC) market is projected to grow at a CAGR of over 14% by 2023

LONDON, April 30, 2018 /PRNewswire/ -- Global Solid Oxide Fuel Cells Market By Type (Planar & Tubular), By Application (Stationary, Transportation & Portable), By Region (APAC, North America, Europe, Rest of World), Competition Forecast and Opportunities, 2013-2023

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According to "Global Solid Oxide Fuel Cells Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2013-2023", solid oxide fuel cell (SOFC) market is projected to grow at a CAGR of over 14% by 2023.Over the last few years, solid oxide fuel cells have been rapidly becoming more economical and efficient to use for commercial as well as residential end use.

Moreover, the large-scale development of SOFC by several companies across the globe has enabled the advantages of economies of scale, which is leading to reduction in total cost of development.Additionally, several countries are investing heavily in the research and development of SOFC to address the technical issues hindering the commercialization of SOFC technology.

Growing focus towards SOFC technology is expected to have a huge positive impact on the global SOFC market during the forecast period. Some of the major companies operating in the global SOFC market include Bloom Energy, Doosan Fuel Cell America, Inc., LG Fuel Cell Systems Inc., Fuel Cell Energy, Atrex Energy, SOFCMAN Energy Technology Co. Ltd., SOLIDpower Group, Posco Energy, Hexis AG, and Huaqing New Energy, among others.

"Global Solid Oxide Fuel Cells Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2013-2023" discusses the following aspects of solid oxide fuel cells market globally:
• Solid Oxide Fuel Cells Market Size, Share & Forecast
• Segmental Analysis – By Type (Planar & Tubular), By Application (Stationary, Transportation & Portable), By Region (APAC, North America, Europe, Rest of World)
• Competitive Analysis
• Changing Market Trends & Emerging Opportunities

Why You Should Buy This Report?
• To gain an in-depth understanding of solid oxide fuel cells market globally
• To identify the on-going trends and anticipated growth in the next five years
• To help industry consultants, solid oxide fuel cells manufacturers, distributors and other stakeholders align their market-centric strategies
• To obtain research-based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Report Methodology
The information contained in this report is based upon both primary and secondary research.Primary research included interaction with solid oxide fuel cells manufacturers, distributors and industry experts.

Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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