Wednesday, August 13, 2014

Solid Oxide Fuel Cells (SOFCs) - A Global Strategic Business Report

Global market for Solid Oxide Fuel Cells (SOFCs) is projected to reach US$1.3 billion by 2020, driven by the ever increasing demand for electricity across the globe and the resulting need for efficient and environment friendly power production technologies. A type of fuel cell technology, Solid Oxide Fuel Cell (SOFC) generates energy by electrochemical conversion. The technology therefore finds attractive application in the energy generation industry. As a reliable, environment-friendly and low cost source of energy with long-term stability and sustainability, SOFC is poised to witness robust growth in the coming years. With per-capita consumption of electricity on the rise worldwide, the need to increase electricity production has become a top priority for governments across the globe. As governments seek to balance energy self-sufficiency goals and commitment to climate change agreements, SOFC is soaking up the spotlight as a clean technology of the future. By boosting electricity generation capabilities of a nation, SOFCs help in attaining energy security goals. SOFCs score over traditional energy generation technologies by virtue of their higher operating efficiency and limited reliance on imported fuels. Being a multi-fuel technology, SOFCs can operate on a wide range of fuels including renewable energy, such as biogas, which makes the nation less dependent on imported fossil fuel for electricity generation. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications" web site. View the report: Solid Oxide Fuel Cells (SOFCs) - A Global Strategic Business Report.

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