TechNavio recognizes the following companies as the key players in the Global Solid Oxide Fuel Cell Market: Acumentrics Corp., Bloom Energy Corp., Fuel Cell Energy Inc., and Mitsubishi Heavy Industries Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends emerging in the Global SOFC market is the engagement of various government organizations in the analyzing and developing of codes and standards for SOFC technologies. These codes and standards have improved the performance and safety regulations pertaining to products, which has significantly increased the standard of the product developed. It also increases the awareness of the product among various end-user segments. These regulations have also been imposed to ensure that products and processes will meet industry level standards.”
According to the report, the need to reduce carbon emissions is one of the major factors driving the market’s growth. Rapid industrialization in the developing countries and the need to reduce pollution is increasing the demand for low carbon emission fuels.
Further, the report states that one of the major challenges confronting the market is with respect to the stability of SOFCs’ high operational temperature. As SOFC technology is not a mature technology, this too can affect the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-solid-oxide-fuel-cell-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Solid Oxide Fuel Cell Market 2012-2016
