Global Planar Solid Oxide Fuel Cell market is estimated to witness growth at a CAGR of 12.43% over the period of 2018 to 2023

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Ozone Market Reports projects that the Planar Solid Oxide Fuel Cell market size will grow from USD 450.05 Million in 2017 to USD 908.98 Million by 2023, at an estimated CAGR of 12.43%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

Increasing R&D expenditure for commercializing planar SOFC technology and growing support for alternative power generation technologies from governments across the world are some of the key drivers of the global planar SOFC market.The demand for electricity is increasing in developed nations in North America and Europe as well as in fast-growing economies in Asia-Pacific. This has resulted in significant investments being made in developing alternative power generating technologies to improve the electrical power distribution infrastructure. Transmission and distribution losses in existing networks, constantly varying load patterns, and the growing inclination towards distributed generation are boosting the demand for planar SOFC. Planar SOFC has emerged as a viable option to help solve the above-mentioned issues.The global planar SOFC market is segmented based on cost breakdown into planar cells, separator plates, manifolds, seals, and other components. The market has been segmented on the basis of application into stationary, transportation, and portable. Regions considered are Asia-Pacific, North America, Europe, and Rest of World (RoW), and information regarding key countries in each region, such as Japan, South Korea, the U.S., the U.K., and Germany has been provided.

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By Market Players:
Aisin Seiki Corporation Limited , Delphi , Fuel Cell Energy , Ceramic Fuel Cells Limited , Ultra Electronics , Ceres Power Holdings PLC. , Accumentrics Corporation , Bloom Energy Corporation , Convion Fuel Cells Ltd. , Hexis AG , SOFC Power S.P.A. , Staxera Sunfire Gmbh , Topsoe Fuel Cell , Protonex Technology Corporation , Watt Fuel Cell Corporation,

By Component:
Planar Cell , Separator Plate , Manifold , Seal , Other Components

By Application:
Stationary , Transportation , Portable, ,

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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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