Solid Oxide Fuel Cell Market Worth $7,124.4 Million By 2030
Solid Oxide Fuel Cell Industry Overview The global solid oxide fuel cell market size is expected to reach USD 7,124.4 million by 2030, registering a CAGR of 40.7% during the forecast period, according to a new report by Grand View Research, Inc. Growing expenditure on infrastructure and industry development is expected to have a positive impact on the global market in the forecast period. Installers and system providers usually hold stock of significant equipment in the inventory. However, manufacturers face bottlenecks and shortages due to the limited production in countries, severely affected by the COVID-19. Further, upcoming Solid oxide fuel cells (SOFC) based large-scale projects are expected to witness delays in commissioning due to the disruptions in supply chain and halting of on-site construction activities. Solid Oxide Fuel Cell Market Segmentation Grand View Research has segmented the global solid oxide fuel cell market based on application and region: Based ...