Due to the increasing concerns being raised over the rapid environmental degradation in several countries, the demand for eco-friendly energy sources is rising rapidly across the world. Moreover, the governments of many countries are implementing strict regulations and policies for mitigating the utilization of non-renewable energy sources for power generation. This is fueling the development and the growing popularity of alternative and environment-friendly energy sources such as the fuel cell technology.
In countries such as the U.S., Germany, and Japan, the regulatory authorities are enacting strict regulations for reducing the emission of toxic gases from various industries such as automotive, chemicals, and power generation. Moreover, as this technology exhibits high efficiency in power generation, it is increasingly being adopted in stationary power production processes. This technology also offers various other advantages such as very low levels of sulfur oxide (Sox) and nitrogen oxide (NOx) emissions and high fuel adaptability.
This will be because of the existence of an aging or poorly developed power infrastructure in those regions. Globally, the sales of planar solid oxide fuel cells were the highest in Asia-Pacific (APAC) in the past years, as per the observations of P&S Intelligence, a market research company based in India. This trend is also likely to continue in the upcoming years, on account of the large-scale deployment of these fuel cells in the regional countries for providing backup power.
Hence, it is safe to say that the sales of planar solar oxide fuel cells will shoot up all over the world in the forthcoming years, primarily because of the rising requirement for eco-friendly power producing energy sources in several countries.