Global Planar Solid Oxide Fuel Cell market is accounted for $379.52 million in 2015 and is expected to reach $935.4 million by 2022 growing at a CAGR of 13.7% from 2015 to 2022. Increasing number of electric vehicles, high conversion efficiency than other fuels, military applications, transportation, and small stationary applications are the major factors driving the planar solid oxide fuel cell market growth.
However, longer start up time and high capital investment are limiting the market growth.
Asia Pacific has commanded the market due to usage of eco-friendly power source and government policies for energy sustainability as well as technology in countries such as Japan and South Korea at a commercial level. North America is anticipated to show significant growth during the forecast period.
Some of the key players in global Planar Solid Oxide Fuel Cell market are Accumentrics Corporation, Aisin Seiki Corporation Limited, Bloom Energy Corporation, Ceramic Fuel Cells Limited, Ceres Power Holdings PLC., Convion Fuel Cells Ltd., Delphi, Fuel Cell Energy, Hexis AG, Protonex Technology Corporation, SOFC Power S.P.A., Staxera Sunfire Gmbh, Topsoe Fuel Cell, Ultra Electronics and Watt Fuel Cell Corporation.
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Rest of Europe
Rest of Asia Pacific
Rest of the World
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