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Solid Oxide Fuel Cell Market Expected to Reach $3.32 Billion by 2018 CAGR of 8.7% - New Report by MarketsandMarkets

The global SOFC market value is expected to reach $3.32 billion by 2018, growing at a CAGR of 8.7% from 2013 to 2018. http://www.marketsandmarkets.com/Market-Reports/solid-oxide-fuel-cell-market-39365796.html

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Key Players in the market are FuelCell Energy (U.S.), Bloom Energy (U.S.), Aisin Seiki Co. Ltd. (Japan), Chofu Seisakusho Co. Ltd. (Japan), Kyocera (Japan) and Ceramic Fuel Cell Ltd. (Australia).

(PRWEB) May 31, 2014

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” 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%.

Browse 89 market data tables and 59 figures spread through 228 pages and in-depth TOC on “Solid Oxide Fuel Cell Market - Global Trends & Forecast to 2018.”
http://www.marketsandmarkets.com/Market-Reports/solid-oxide-fuel-cell-market-39365796.html

Early buyers will receive 10% customization on this report.

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The SOFC market scenario is competitive with various companies covering one or more applications. Asia-Pacific is the most active market for SOFC. However, the important challenges for SOFCs are in terms of commercialization. The rise in production and commercialization would in turn decrease the cost. This industry is expected to see rapid commercialization in the next few years.

Planar SOFC: Biggest market by type
Planar SOFC is the largest SOFC type used across the globe. Despite having a higher installation cost, it has higher power to area ratio compared to the other types. Planar SOFCs, with their high electrical efficiency and ability to be used in sub mega watt and mega watt applications, are one of the widely used fuel cell systems. Planar SOFC technology can be adapted for all types of applications and it also supports portable and military applications due to its high electrical efficiency.

Portable & Military Use:
The application of SOFCs is growing the fastest in portable and military usage, because of their smaller size and variety of fuels that are used in solid oxide fuel cells. In military applications, SOFCs provide a better and easy way of power compared to traditional power sources.
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