Worldwide market for solid oxide fuel cells (SOFC) is forecasted to reach $530 million at the compounded annual growth rate of 6.9% from 2011 to 2016. This growth in solid oxide fuel cells industry is expected as a result of its better efficiency and cost effective nature. These types of fuel cells are mainly used in stationary, mobile, and portable applications. Development in technology is also helping in growth of this industry.
Solid oxide fuel cells play vital part in securing energy security for the country, improving environment, reducing urban pollution, and creating jobs in manufacturing industry. This technology also provides cost effective and performance driven solution over other competitor fuel cell technologies, batteries, internal combustion engines, and coal or oil fired head engines.
Fuel cells are used in variety of applications for auxiliary power, mobile power, central or distributed power, and portable product power. These cells are among the first most energy efficient and cost effective cell types. Although high operating temperature limits the range of applications, these cells are used in numerous communication applications. Improvements in fuel cell technology have made it possible for these cells to be used in number of applications; however, such improvement is revealing even more challenges to be met.
- Planar Solid Oxide Fuel Cell
- Thin Film Solid Oxide Fuel Cell
- Tubular Solid Oxide Fuel Cell
Based on Applications
- Generators, Remote Power, And Auxiliary Power
- Generators And Portable Power Plants
- Recreational Vehicle Power
- Anti-Idling APUs
- Aircraft APUs
- Marine Vessel APUs
- Portable Products
This research report analyzes this market based on its market segments and major geographies. This report provides comprehensive analysis of current market trends, market growth drivers, factors limiting market growth, market structure, and market projections for upcoming years. Report also provides analysis of recent developments in technology, Porter’s five force model, and complete company profiles of top industry players. It includes review of micro and macro factors significant with respect to existing market players and new entrants with value chain analysis.
Major geographies analyzed under this research report include North America, Asia Pacific, Europe, and Rest of the World.
Some of the key players dominating this market are Adaptive Materials Inc., Advanced Materials Technologies, Altair Nanotechnologies Inc., The Babcock & Wilcox Co., Chevron Technology, Cummins Power Generation Inc., Edison Electric Institute, Hosokawa Powder Technology, Kansai Electric Power Co. Inc., Nippon Shokubai Co. Ltd., Rolls-Royce Fuel Cell Systems Ltd, Siemens Power Generation Inc., Tokyo Gas Co. Ltd., Watt Fuel Cell Corp., and others.
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