Solid Oxide Fuel Cell Market Worth $6.5 Billion by 2027 - Exclusive Report by MarketsandMarkets™
Government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission norms are likely to drive the Solid Oxide Fuel Cell Market.
- Government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission norms are likely to drive the Solid Oxide Fuel Cell Market.
- The planar segment is expected to dominate the Solid Oxide Fuel Cell Market, by product type, during the forecast period.
- The stationary segment is expected to be the largest Solid Oxide Fuel Cell Market, by application, during the forecast period.
- Asia Pacific is expected to dominate the global Solid Oxide Fuel Cell Market, during the forecast period
Asia Pacific accounted for a 45.5% share of the Solid Oxide Fuel Cell Market in 2021 and is expected to growth with a CAGR of 37.1% in the forecast period.