Solid Oxide Fuel Cell Market Segmentation:
Type Segment Analysis
The planar segment in the solid oxide fuel cell market is estimated to gain a significant revenue share over the projected time frame. The uncomplicated geometry and relatively simple construction method are contributing to the emergence of the planar solid oxide fuel cell. Planar solid oxide fuel cells are a preferred choice for power backup and voltage variations due to their high efficiency, large capacity, and continuous power generation capability. Planar SOFCs reach larger power densities than tubular SOFCs. For instance, Elcogen AS provides solid oxide cells which are compatible with third-party stacks. These are anode-supported, planar, ceramic cells. The operating temperature of the cell which is low i.e., (650°C) allows for extended lifetimes and the use of low-cost components at the stack and system levels.
End user Segment Analysis
By the end of 2035, the commercial & retail segment in the solid oxide fuel cell market is anticipated to garner a majority revenue share. Due to their affordability, compact size, and quiet operation, solid oxide fuel cells (SOFCs) are the perfect source of energy for commercial customers. Thermal integration with current boilers and HVAC systems is also possible owing to the high-temperature waste heat from SOFC. For instance, German company Bosch has created a solid oxide fuel cell system for business and industrial uses and is prepared to ramp up manufacturing in by 2035. This system can run on hydrogen, natural gas, biomethane, or different blending, with an electrical efficiency of greater than 60% and an overall efficiency of approximately 85%.
Our in-depth analysis of the global solid oxide fuel cell market includes the following segments:
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