The Global Market for Solid Oxide Fuel Cells (SOFCs) is Projected to Reach US$1.4 Billion by 2022
Government Regulations on Clean Air and Strong Investments in Clean Energy Technologies to Drive the Global Solid Oxide Fuel Cells Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Solid Oxide Fuel Cells (SOFCs) market. The global market for Solid Oxide Fuel Cells (SOFCs) is projected to reach US$1.4 billion by 2022 , driven by the ever increasing demand for electricity across the globe and rising focus on clean energy and renewable energy production. A type of fuel cell technology, Solid Oxide Fuel Cell (SOFC) generates energy by electrochemical conversion. The technology therefore finds attractive application in the energy generation industry. As a reliable, environment-friendly and low cost source of energy with long-term stability and sustainability, SOFC is poised to witness robust growth in the coming years. With per-c...