Research and Markets:The analysts forecast the Global Solid...

Research and Markets:

The analysts forecast the Global Solid Oxide Fuel Cells market 2012-2016 to grow at a CAGR of 7.34 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reduction in CO2 emission. The Global Solid Oxide Fuel Cells market has also been witnessing an increasing number of regulations in the market. However, the difficulty in maintaining a stable high operational temperature could pose a challenge to the growth of this market.

The key vendors dominating this space include Acumentrics, Bloom Energy Server, Fuel Cell Energy Inc., and Mitsubishi Heavy Industries Ltd.

The other vendors mentioned in this report are Ceramic Fuel Cells Ltd., Ceres Power, Delphi SOFC Technology, Elcogen AS, Hexis AG, Protonex, Roll-Royce Fuel Cell System Ltd., SOFC Power S.p.A., Staxera-Sunfire, Topsoe Fuel Cell, Ultra Electonics AMI, and WATT Fuel Cell Corp.

Commenting on the report, an analyst from the team said: One of the major trends emerging in the Global SOFC market is the engagement of various government organizations in the analyzing and developing of codes and standards for SOFC technologies. These codes and standards have improved the performance and safety regulations pertaining to products, which has significantly increased the standard of the product developed. It also increases the awareness of the product among various end-user segments. These regulations have also been imposed to ensure that products and processes will meet industry level standards.

According to the report, the need to reduce carbon emissions is one of the major factors driving the market's growth. Rapid industrialization in the developing countries and the need to reduce pollution is increasing the demand for low carbon emission fuels.

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