Europe Solid Oxide Fuel Cells Market to be Led by Tubular Solid Oxide Fuel Cells until 2023
Growing R&D investment and
growing public-private partnerships to promote use of solid oxide fuel cells to
steer growth in Europe solid oxide fuel cells market through 2023
According to a recently
published TechSci Research report “Europe Solid Oxide Fuel Cells Market By Type, By Application, By Country, Competition Forecast
and Opportunities, 2013 - 2023’’, Europe solid oxide fuel cells market is
projected to cross $ 62 million by 2023 on account of rising research and
development investments in SOFC systems in the region. Moreover, growing
application of SOFCs in various sectors such as small-scale industry, data centers,
healthcare, commercial, agriculture and residential sectors is further
anticipated to boost demand for SOFC in Europe over the course of next five
years. Additionally, rising focus towards development
of alternative power generation methods along with growing number of
public-private collaborations to promote solid oxide fuel cells is further
likely to propel market growth during forecast period.
Browse 42 market data Figures spread
through 54 Pages and an in-depth TOC on "Europe
Solid Oxide Fuel Cells Market"
https://www.techsciresearch.com/report/europe-solid-oxide-fuel-cells-market/3395.html
Many countries are investing heavily in SOFC technology to enable
efficient and cost-effective electricity generation while ensuring negligible
emissions of carbon and other harmful pollutants into the atmosphere. In 2017, Bosch
Thermotechnology signed a contract with SOLIDpower for the commercialization of
SOFC-based BlueGEN m-CHP unit. As of May 2018, more than thousand BlueGEN units
have been manufactured and sold by SOLIDpower, majorly in Europe. On the basis
of type, Europe SOFC market is segmented into tubular and planner, of which
tubular dominated the market and is likely to maintain its dominance during
forecast period as well.
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“Rising concern towards environment due
to increasing GHG emissions has resulted in technological advancements and
heavy investments in SOFC technology for utility and passenger vehicle power
generation. SOFC is a developing energy technology which is likely to witness
mass production in the coming years in the European region. Continuing development
of increasingly economical solid oxide fuel cells in the coming years is
expected to further steer growth in Europe SOFC market during the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Europe Solid Oxide Fuel Cells Market By
Type, By Application, By Country, Competition Forecast and Opportunities, 2013 -
2023” has evaluated the
future growth potential of Europe solid oxide fuel cells market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe solid oxide fuel cells market.
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