Solid Oxide Fuel Cell (SOFC) Market Industry Growth , Competitive Landscape And Forecast To 2025 : Grand View Research Inc.
San Francisco, 15 October 2019: The Report Solid Oxide Fuel Cell (SOFC) Market Analysis By Application (Stationary, Transportation, Portable), By Region (North America, Europe, Asia Pacific, MEA, CSA), And Segment Forecasts, 2018 – 2025 The global Solid Oxide Fuel Cell (SOFC) Market is expected to reach USD 1.42 billion by 2025, growing at a CAGR of 30%, according to a report by Grand View Research, Inc. Government funding is largely being replaced by corporate funding and in turn exhibited to display positive growth potential. There has been an increase of more than 44% of corporate funding from the period 2013 until 2016 hence displaying feasible commercialization prospect for the technology. The rising pressure among nations to reduce carbon emissions while strengthening energy security is another factor favoring the growth of the solid oxide fuel cell market. Due to its working characteristic, solid oxide fuel cell has an efficiency in the range of 50-6...