The Solid Oxide Fuel Cell market size will grow from USD 403.7 Million in 2017 to USD 882.3 Million by 2023, at an estimated CAGR of 13.92%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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SOFCs are becoming an attractive option for energy-efficient power generation resulting in the rising demand for the product in combined heat and power applications. The U.S., since the past five years, is attempting to actively collaborate with private companies through government bodies such as the U.S. Department of Energy and Environmental Protection Agency. In Canada, private players along with government agencies are ameliorating their position on FC induced energy reliance and considers it as a prime source of energy security for the future.
By Market Players:
Aisin Seiki , Bloom Energy , Convion Fuel Cell Systems , Ceres Power Holdings , Fuelcell Energy , Hexis , Solidpower , Sunfire , Protonex , Watt Fuel Cell Corporation , General Electric , Elcogen , Ztek Corporation , Ultra Undersea Sensor Systems , Atrex Energy,
Planar , Tubular,
Power Generation , Combined Heat & Power , Military , Others,
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Points Covered in The Report:
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