Solid Oxide Fuel Cell Market Trends & Analysis 2013-2018
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The report “Solid Oxide Fuel Cell Market by Type (Planar, Tubular, Others), Application (Large Stationary, Small Stationary, Transportation, Portable & Military), Geography – Global Trends & ...
The report “Solid Oxide Fuel Cell Market by Type (Planar, Tubular, Others), Application (Large Stationary, Small Stationary, Transportation, Portable & Military), Geography – Global Trends & Forecast to 2018″ by MarketsandMarkets is now available at RnRMarketResearch.com.
The report defines and segments the global solid oxide fuel cell market with an analysis and forecast of the revenue. The SOFC market will grow from an estimated $2.19 billion in 2013 to $3.32 billion by 2018, with a CAGR of 8.7%. The SOFC technology is a firmly established fuel cell technology with a decent growth rate. The SOFC technology is very important when it comes to applications for which it can be adopted ranges from small portable & military applications to large megawatt class stationary applications. SOFCs are fuel flexible, which makes them a preferred technology for installation with existing infrastructure such as gas pipelines. SOFCs demonstrate more electrical efficiency than any other type of fuel cells. Stringent environmental regulations of governments also drive the market. When working with hydrogen fuel, reformers are not required because these cells work on high temperatures. Planar SOFCs are most preferred fuel cells due to their high power to area (electro-conversion area), which proves to be efficient as compared to other technologies. Tubular SOFCs follow Planar in terms of market share. These are more stable for long-term than others, but lack in power to area ratio.
This report estimates the solid oxide fuel cell market in terms of volume and value. The market, in terms of volume, is estimated in accordance to the number of shipments per year and value in terms of $Million. This has been broken down into component regions and is further split into countries.
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