London, 10 November 2014 – TechNavio, a global tech-focused research firm has published a new report on the Global SOFC Market, which will grow at a CAGR of 10.3 percent from 2015-2019.
Pressure to reduce energy consumption has driven growth of energy-efficient technology like SOFC, which offers benefits such as low cost, low emissions, long-term stability, high efficiency, and fuel flexibility.
About the Report
The latest report by TechNavio focuses the reduction of SOFC prices as a primary market growth driver. Both vendors themselves, as well as governments worldwide are working to drive down the price of SOFCs.
“Japan and Germany are two major countries that are sponsoring large field test programs for SOFCs and are finding methods to reduce their manufacturing costs,” says Faisal Ghaus, Vice President of TechNavio.
“Reductions in the price of SOFCs will hugely affect their acceptance across industries, and lead to use of these fuel cells in applications in a variety of sectors.”
Furthermore, the report highlights growing consumer interest in emerging technologies. SOFC is an emerging technology that is increasingly being used in small stationary and portable applications. These drivers and trends will help propel the Global SOFC Market over the projected period.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Growing Concerns about Energy Efficiency
- For a full detailed list, view our report.
Market Challenges:
- Maintaining Stable Operational Temperature
- For a full detailed list, view our report.
Market Trends:
- Reduction in SOFC Prices
- For a full detailed list, view our report.
Key Vendors:
- Acumentrics Corp.
- Bloom Energy Corp.
- FuelCell Energy Inc.
- Mitsubishi Heavy Industries Ltd.
Other Prominent Vendors:
- ADELAN U.K.
- Alstom
- Ceramic Fuel Cells
- Ceres Power
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
