The global solid oxide fuel cell market is estimated to be USD 403.4 million in 2017 and is projected to grow at a CAGR of 13.88% from 2017 to 2025 to reach a market size of USD 1,140.6 million by 2025.
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The gas generators segment is estimated to be the fastest growing power rental market, by fuel type, in 2017. Gas generators run mainly on natural gas and can be found in different sizes, ranging from portable to industrial. They are more efficient and cleaner than diesel generators, thus, helping reduce greenhouse gas emissions. They are mostly used for light duty applications, such as supplying electricity for residential purposes. More