Blockchain Press Releases
Solid Oxide Fuel Cell Market size worth $ 1329.12 Million, Globally, by 2030 at 11.28% CAGR: Verified Market Research®
The “Global Solid Oxide Fuel Cell Market Size By Application, By Type, By End User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Solid Oxide Fuel Cell Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., July 26, 2023 /PRNewswire/ — The Global Solid Oxide Fuel Cell Market is projected to grow at a CAGR of 11.28% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 554.51 Million in 2021 and is expected to reach USD 1329.12 Million by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=25021
Browse in-depth TOC on “Solid Oxide Fuel Cell Market“
202 – Pages
126 – Tables
37 – Figures
Rising Applications of Solid Oxide Fuel Cells (SOFCs) in the Military Sector and End-User Adoption will boost the market growth during forecast period
Modern electrochemical systems called Solid Oxide Fuel Cells (SOFCs) directly generate electricity by oxidising fuel. High efficiency, long-term stability, fuel flexibility, minimal emissions, and cost-effectiveness are just a few advantages that these fuel cells may provide. The market for SOFCs is being driven by a number of factors, including expanding end-user adoption, rising military application rates, and new technological and energy demand trends. It also analyses regional market dynamics in North America as well as the obstacles to industry growth.
Solid Oxide Fuel Cell Market Drivers
- Because they can power a variety of devices, including military robots, UAVs, and communications equipment, SOFCs are increasingly used in the military. Their usefulness in military applications has been further increased by the development of portable and noiseless SOFCs.
- In both home and business settings, SOFCs are becoming more and more common, especially for powering electronics like computers that have historically relied on batteries. The advantages of employing SOFCs for their energy efficiency and low emissions are being recognised by end users.
- Hybrid SOFC technologies, which can run on several fuels and offer better flexibility and efficiency in power generation, are starting to appear on the market.
- The adoption of SOFCs as an energy-efficient alternative is being fueled by the increased demand for sustainable energy sources and distributed power generation.
- In energy-intensive data centres, SOFCs are being employed more and more to improve operating performance and enable real-time data backup.
Solid Oxide Fuel Cell Market Growth Elements
- A widening range of applications and Solid Oxide Fuel Cell Market growth are being fueled by ongoing product advancements, such as the creation of portable and noiseless SOFCs for military use.
- The development of SOFC technology and the expansion of its applications are both being aided by extensive research and development activities in fuel cell programmes.
- The use of SOFCs is being accelerated by the deployment of favourable government policies encouraging renewable energy initiatives.
Solid Oxide Fuel Cell Market Restraints
- The widespread use of SOFCs is hampered by technical issues such high start-up times and operating temperatures.
- Some potential customers may find the initial capital expense of establishing SOFC systems to be prohibitive.
- Alternative power generating technologies compete with SOFCs, which can impede market expansion in some applications.
Solid Oxide Fuel Cell Market Regional Analysis
During the projection period, the North American region is anticipated to lead Solid Oxide Fuel Cell Market growth. Key factors influencing the adoption of SOFC in the region are the increased emphasis on research and development for hydrogen generation and the rising demand for fuel cell power generation.
Key Players in Solid Oxide Fuel Cell Market
The study report will provide valuable insight with an emphasis on the global market. The major players in the market are Bloom Energy, Ceres Power Holdings, Hexis, Sunfire, Watt Fuel Cell Corporation, Elcogen, Ultra Undersea Sensor Systems, Atrex Energy, Aisin Seiki, Convion Fuel Cell Systems, Fuelcell Energy, Solidpower, Protonex, General Electric, and Ztek Corporation are a few major companies operating in the Solid Oxide Fuel Cell market.
Strong growth in the Solid Oxide Fuel Cell (SOFC) market is being fueled by increasing end-user adoption, rising military application rates, and new technological and energy demand trends. The market’s future appears bright despite obstacles like technological difficulties, high capital costs, and competition from alternative technologies. With its emphasis on sustainable energy initiatives and R&D activities, the North American region is anticipated to play a crucial function in enabling the market’s growth in the ensuing years.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Solid Oxide Fuel Cell Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Solid Oxide Fuel Cell Market into Application, Type, End-User, And Geography.
- Solid Oxide Fuel Cell Market, by Application
- Combined Heat & Power
- Military
- Power Generation
- Solid Oxide Fuel Cell Market, by Type
- Tubular
- Planar
- Solid Oxide Fuel Cell Market, by End-User
- Telecom Tower
- Auxiliary Power Unit
- Residential
- Data Centers
- Commercial & Retail
- Portable & unmanned Systems
- Solid Oxide Fuel Cell Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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5 Leading Solid Oxide Fuel Cells generating energy by oxidizing fuel
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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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ZettaBlock announces the addition of blockchain data
