Battery

Solid oxide fuel cells (SOFC) are electrochemical devices that convert chemical energy of a fuel and oxidant directly into electrical energy. SOFCs are believed to be a critical element of future power generation technologies due to their high fuel-to-power conversion efficiency with minimal adverse influence on the environment. A study by StrategyHelix indicates that the global solid oxide fuel cells market is expected to increase by US$ 931.8 million from 2022 to 2028, garnering a CAGR of 10.3% during the forecast period. The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the solid oxide fuel cells market to help drive informed decision making for industry executives, policy makers, academic, and analysts.