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Price Reductions Will Positively Impact the Global Solid Oxide Fuel Cell Market from 2015 to 2019: TechNavioLONDON --(Business Wire)-- TechNavio, a global tech-focused research firm has published a new report on the Global SOFC Market, which will grow at a CAGR of 10.3 percent from 2015-2019. Pressure to reduce energy consumption has driven growth of energy efficient technology like SOFC, which offers benefits such as low cost, low emissions, long-term stability, high efficiency and fuel flexibility. About the Report The latest report by TechNavio focuses the reduction of SOFC prices as a primary market growth driver. Both vendors themselves, as well as governments worldwide are working to drive down the price of SOFCs. "Japan and Germany are two major countries that are sponsoring large field test programs for SOFCs and are finding methods to reduce their manufacturing costs," says Faisal Ghaus, Vice President of TechNavio. "Reductions in the price of SOFCs will hugely affect their acceptance across industries, and lead to use of these fuel cells in applications in a variety of sectors." Furthermore, the report highlights growing consumer interest in emerging technologies. SOFC is one such technology that is increasingly being used in small stationary and portable applications. These drivers and trends will help propel the GlobalSOFC Market over the projected period. Key Information Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the fuel cell market: If you are interested in more information, please contact our media team at [email protected].
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