The Market Reports

Synopsis
The global market for SOEC was estimated to be worth US$ 68.4 million in 2024 and is forecast to a readjusted size of US$ 1239 million by 2031 with a CAGR of 54.7% during the forecast period 2025-2031.
A solid oxide electrolyzer cell (SOEC) is a solid oxide fuel cell that runs in regenerative mode to achieve the electrolysis of water (and/or carbon dioxide) by using a solid oxide, or ceramic, electrolyte to produce hydrogen gas (and/or carbon monoxide) and oxygen. The production of pure hydrogen is compelling because it is a clean fuel that can be stored, making it a potential alternative to batteries, methane, and other energy sources (see hydrogen economy). Electrolysis is currently the most promising method of hydrogen production from water due to high efficiency of conversion and relatively low required energy input when compared to thermochemical and photocatalytic methods.
The political effort to increase hydrogen production includes supporting research and innovation projects, scaling up and decarbonizing existing hydrogen production facilities, expanding logistics infrastructure, and establishing larger-scale storage facilities. Europe is expected to achieve climate neutrality in 2050, which is why a continent-wide hydrogen network is planned. The SOEC system is the central element in which water is split into hydrogen and oxygen using electricity. The global key companies of SOEC include Sunfire GmbH, Topsoe, OxEon Energy, Ceres, Bloom Energy, FuelCell Energy, Egen Energy, etc. In 2024, the global top five players had a share approximately 82.39% in terms of revenue. Based on the System Type segment, the Oxygen Ion segment is expected to hold the largest share in the SOEC market in the year 2031. However, the use of proton-conducting electrolytes allows for efficient operation at lower temperatures, lowering thermal stress and permitting the use of less expensive stack materials and balance-of-plant components.
This report aims to provide a comprehensive presentation of the global market for SOEC, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of SOEC by region & country, by Type, and by Application.
The SOEC market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SOEC.
Market Segmentation
By Company
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Bloom Energy
FuelCell Energy
Egen Energy
Segment by Type
Oxygen Ion Conducting
Proton Conducting
Segment by Application
Chemicals and Refineries
Power Plants
Steel Plant
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of SOEC company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of SOEC in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of SOEC in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index