According to the research report titled ‘Global Solid Oxide Fuel Cell (SOFC) Market - Analysis By Type, Application, End-User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2028)’, available with MarketStudyReport, global solid oxide fuel cell market is expected to observe exponential growth through 2028.

The strict GHG emissions, technological advancements, and the rising installation of SOFC units across U.S., Germany, Japan, and China are some of the prime factors driving the growth of global solid oxide fuel cell market.

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This research report specializes in offering detailed insights regarding the major development trends, bottlenecks, and other expansion avenues that are impacting the growth pattern of this business space over the study duration. The document also highlights the various market segmentation to understand the various revenue-generating opportunities prevailing in this business domain.

By type, the market is divided into planar and tubular segments. Out of these, the planar segment is expected to grow substantially over the review period, on account of the increasing demand for clean energy sources coupled with the growing awareness of the negative environmental effects of producing energy from traditional sources like coal and natural gas.

Moving on to the application spectrum, the industry is fragmented into stationary, transport, and portable. Among these, global solid oxide fuel cell industry size from the stationary segment is expected to witness steady growth over the ensuing years, owing to the rising demand for primary and backup power generation in various applications.

With respect to the end user terrain, the market is categorized into commercial & industrial, transportation, military & defense, data centers, and residential segments.

The geographical scope of this marketplace extends to the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America, with major emphasis on countries such as China, Japan, France, the U.K., Germany, the U.S., Canada, Brazil, Mexico, and South Korea.

The leading companies operating in global solid oxide fuel cell market are SOLIDpower S.p.A., Elcogen, Convion Ltd., Ceres Power Holdings plc, Kyocera Corporation, Aisin Corporation, FuelCell Energy Inc., Cummins Inc., Hitachi Zosen Corporation, WATT Fuel Cell Corporation, Miura Co. Ltd., Bloom Energy Corporation and Mitsubishi Power Ltd.