QYR Market Research Global Solid Oxide Fuel Cell (SOFC) market | Page 5

QYResearch
• The overall solid oxide fuel cells market is still in its nascent stage with
existence of several untapped applications. The most prominent concern
for the industry growth is the high cost of manufacturing and elongated
time for charging up. SOFCs are extensively being used for power
generation as it acts a clean source of energy. Due to their higher
efficiency as compared to other fuel cells, SOFCs stand the most
lucrative chance for further development in the coming years.
Subsequently, the market has emerged highly dynamic over the period
of time. Some of the major companies operating in the market include
Bloom Energy,FuelCell Energy, Aisin Seiki, Siemens Energy and others.
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