The global solid oxide fuel cell market size is projected to reach USD 2,881 million by 2025 from estimated revenue of USD 772 million in 2020 at a CAGR of 30.1% during the forecast period. North America is expected to be the largest solid oxide fuel cell industry, followed closely by Asia Pacific and Europe. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The rising demand for solid oxide fuel cell in end-use sectors such as power generation, automotive, hydrogen generation and others is expected to fuel market growth.
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