Solid Oxide Fuel Cells (SOFC) Market - Global Industry Size, Market Share, Trends, Analysis and Forecasts 2012 - 2018
Worldwide market for solid oxide fuel cells (SOFC) is forecasted to reach $530 million at the compounded annual growth rate of 6.9% from 2011 to 2016. This growth in solid oxide fuel cells industry is expected as a result of its better efficiency and cost effective nature. These types of fuel cells are mainly used in stationary, mobile, and portable applications. Development in technology is also helping in growth of this industry.
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