Energy & Environment
Solid oxide fuel cell market to reach $443M
Global Industry Analysts’ “Solid Oxide Fuel Cells: A Global Strategic Business Report,” projects that the market for SOFCs will reach $443 million by 2010.
Growth drivers are expected to be the unrelenting rise in petroleum and fossil fuel prices, rising concerns over environmental pollution and the need for clean energy generation technologies.
The report predicts that market opportunities for SOFCs will expand as a result of regulatory changes to the retail electricity industry, reorganization of the utility industry’s infrastructure and changing public environmental policies.
The cost of upgrading traditional transmission and distribution methods and the shift to distributed power also are expected to increase demand for SOFC technology.
