Fayetteville Public Works Commission (PWC) reached an agreement with Bloom Energy to design the installation and operation of 1.5 megawatts of solid oxide fuel cells.
Kyocera Corporation announced its plan to construct new R&D center in Kagoshima, Japan. The company established a new platform to accelerate the development of cell stacks for SOFCs, ceramic packages for electronic devices, and laminated ceramic capacitors.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3514
Published Date: Jul 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing government initiatives and R&D on solid oxide fuel cell programs and the growing demand for energy-efficient technology are the major factors driving the market growth.
The market is anticipated to attain a CAGR of 26.4% over the forecast period, i.e., 2021-2031.
The major players in the market are Kyocera Corporation, SolydEra, Elcogen AS, Fuel Cell Energy, and POSCO Energy.
The planar segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.