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Synopsis
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 global SOEC market was valued at US$ 34 million in 2023 and is anticipated to reach US$ 994.3 million by 2030, witnessing a CAGR of 62.5% during the forecast period 2024-2030.
The key manufacturers of solid oxide electrolyzer (SOEC) include Sunfire GmbH, Topsoe, OxEon Energy, Ceres, Elcogen, FuelCell Energy, Egen Energy, etc. Sunfire GmbH is the world's largest manufacturer with a market share of about 50%.
Europe is the biggest market, accounting for about 52%. It is followed by North America, with about 24%. The market share in Europe and China is expected to increase further.
SOEC is mainly divided into Oxygen Ion Conducting and Proton Conducting. Oxygen Ion Conducting has a dominant market share of about 95%.
SOEC is mainly used in chemicals and refineries, power plants, steel plants and other factories. It is most widely used in chemical and refineries, accounting for about 50% of all downstream industries.
This report aims to provide a comprehensive presentation of the global market for SOEC, 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.
Report Scope
The SOEC market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global SOEC market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the SOEC companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Elcogen
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
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of SOEC companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 global SOEC market was valued at US$ 34 million in 2023 and is anticipated to reach US$ 994.3 million by 2030, witnessing a CAGR of 62.5% during the forecast period 2024-2030.
The key manufacturers of solid oxide electrolyzer (SOEC) include Sunfire GmbH, Topsoe, OxEon Energy, Ceres, Elcogen, FuelCell Energy, Egen Energy, etc. Sunfire GmbH is the world's largest manufacturer with a market share of about 50%.
Europe is the biggest market, accounting for about 52%. It is followed by North America, with about 24%. The market share in Europe and China is expected to increase further.
SOEC is mainly divided into Oxygen Ion Conducting and Proton Conducting. Oxygen Ion Conducting has a dominant market share of about 95%.
SOEC is mainly used in chemicals and refineries, power plants, steel plants and other factories. It is most widely used in chemical and refineries, accounting for about 50% of all downstream industries.
This report aims to provide a comprehensive presentation of the global market for SOEC, 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.
Report Scope
The SOEC market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global SOEC market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the SOEC companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Elcogen
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
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of SOEC companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global SOEC Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Oxygen Ion Conducting
1.2.3 Proton Conducting
1.3 Market by Application
1.3.1 Global SOEC Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Chemicals and Refineries
1.3.3 Power Plants
1.3.4 Steel Plant
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global SOEC Market Perspective (2019-2030)
2.2 SOEC Growth Trends by Region
2.2.1 Global SOEC Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 SOEC Historic Market Size by Region (2019-2024)
2.2.3 SOEC Forecasted Market Size by Region (2025-2030)
2.3 SOEC Market Dynamics
2.3.1 SOEC Industry Trends
2.3.2 SOEC Market Drivers
2.3.3 SOEC Market Challenges
2.3.4 SOEC Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top SOEC Players by Revenue
3.1.1 Global Top SOEC Players by Revenue (2019-2024)
3.1.2 Global SOEC Revenue Market Share by Players (2019-2024)
3.2 Global SOEC Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by SOEC Revenue
3.4 Global SOEC Market Concentration Ratio
3.4.1 Global SOEC Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by SOEC Revenue in 2023
3.5 SOEC Key Players Head office and Area Served
3.6 Key Players SOEC Product Solution and Service
3.7 Date of Enter into SOEC Market
3.8 Mergers & Acquisitions, Expansion Plans
4 SOEC Breakdown Data by Type
4.1 Global SOEC Historic Market Size by Type (2019-2024)
4.2 Global SOEC Forecasted Market Size by Type (2025-2030)
5 SOEC Breakdown Data by Application
5.1 Global SOEC Historic Market Size by Application (2019-2024)
5.2 Global SOEC Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America SOEC Market Size (2019-2030)
6.2 North America SOEC Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America SOEC Market Size by Country (2019-2024)
6.4 North America SOEC Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe SOEC Market Size (2019-2030)
7.2 Europe SOEC Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe SOEC Market Size by Country (2019-2024)
7.4 Europe SOEC Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific SOEC Market Size (2019-2030)
8.2 Asia-Pacific SOEC Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific SOEC Market Size by Region (2019-2024)
8.4 Asia-Pacific SOEC Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America SOEC Market Size (2019-2030)
9.2 Latin America SOEC Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America SOEC Market Size by Country (2019-2024)
9.4 Latin America SOEC Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa SOEC Market Size (2019-2030)
10.2 Middle East & Africa SOEC Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa SOEC Market Size by Country (2019-2024)
10.4 Middle East & Africa SOEC Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Sunfire GmbH
11.1.1 Sunfire GmbH Company Detail
11.1.2 Sunfire GmbH Business Overview
11.1.3 Sunfire GmbH SOEC Introduction
11.1.4 Sunfire GmbH Revenue in SOEC Business (2019-2024)
11.1.5 Sunfire GmbH Recent Development
11.2 Topsoe
11.2.1 Topsoe Company Detail
11.2.2 Topsoe Business Overview
11.2.3 Topsoe SOEC Introduction
11.2.4 Topsoe Revenue in SOEC Business (2019-2024)
11.2.5 Topsoe Recent Development
11.3 OxEon Energy
11.3.1 OxEon Energy Company Detail
11.3.2 OxEon Energy Business Overview
11.3.3 OxEon Energy SOEC Introduction
11.3.4 OxEon Energy Revenue in SOEC Business (2019-2024)
11.3.5 OxEon Energy Recent Development
11.4 Ceres
11.4.1 Ceres Company Detail
11.4.2 Ceres Business Overview
11.4.3 Ceres SOEC Introduction
11.4.4 Ceres Revenue in SOEC Business (2019-2024)
11.4.5 Ceres Recent Development
11.5 Elcogen
11.5.1 Elcogen Company Detail
11.5.2 Elcogen Business Overview
11.5.3 Elcogen SOEC Introduction
11.5.4 Elcogen Revenue in SOEC Business (2019-2024)
11.5.5 Elcogen Recent Development
11.6 FuelCell Energy
11.6.1 FuelCell Energy Company Detail
11.6.2 FuelCell Energy Business Overview
11.6.3 FuelCell Energy SOEC Introduction
11.6.4 FuelCell Energy Revenue in SOEC Business (2019-2024)
11.6.5 FuelCell Energy Recent Development
11.7 Egen Energy
11.7.1 Egen Energy Company Detail
11.7.2 Egen Energy Business Overview
11.7.3 Egen Energy SOEC Introduction
11.7.4 Egen Energy Revenue in SOEC Business (2019-2024)
11.7.5 Egen Energy Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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