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Global SOFC and SOEC Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029
Synopsis
The global SOFC and SOEC market size was valued at USD 1327 million in 2022 and is forecast to a readjusted size of USD 7589.3 million by 2029 with a CAGR of 28.3% during review period.
The Solid Oxide Fuel Cell (SOFC) is an all-solid chemical power generation device that directly converts the chemical energy stored in the fuel and oxidizer into electrical energy at medium and high temperature in an efficient and environmentally friendly manner. The SOFC is a type of fuel cell, which is characterized by the use of solid oxide materials as the electrolyte. SOFC uses a solid oxide electrolyte to conduct negative oxygen ions from the cathode to the anode.
The Solid Oxide Electrolyzer Cell (SOEC) is a solid oxide fuel cell that operates in the reverse direction. In the electrolysis mode, under the applied voltage and high temperature, it electrolyzes H2O to produce H2 and O2, and realizes the conversion of electrical and thermal energy into chemical energy.
The global key SOFC and SOEC manufacturers include Bloom Energy, Aisin Seiki, Mitsubishi Heavy Industries, etc. The top 1 company hold a share about 65%. North America is the largest market, with a share about 45%, followed by Asia Pacific and Europe with the share about 40% and 13%. In terms of product, planar is the largest segment, with a share about 85%. And in terms of application, the largest application is stationary, followed by transportation.
The Global Info Research report includes an overview of the development of the SOFC and SOEC industry chain, the market status of Stationary (Planar, Tubular), Transportation (Planar, Tubular), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of SOFC and SOEC.
Regionally, the report analyzes the SOFC and SOEC markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global SOFC and SOEC market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the SOFC and SOEC market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the SOFC and SOEC industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MW), revenue generated, and market share of different by Type (e.g., Planar, Tubular).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the SOFC and SOEC market.
Regional Analysis: The report involves examining the SOFC and SOEC market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the SOFC and SOEC market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to SOFC and SOEC:
Company Analysis: Report covers individual SOFC and SOEC manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards SOFC and SOEC This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Stationary, Transportation).
Technology Analysis: Report covers specific technologies relevant to SOFC and SOEC. It assesses the current state, advancements, and potential future developments in SOFC and SOEC areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the SOFC and SOEC market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
SOFC and SOEC market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Planar
Tubular
Others
Market segment by Application
Stationary
Transportation
Portable & Military
Major players covered
Bloom Energy
Aisin Seiki
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon Energy
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SOFC and SOEC product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SOFC and SOEC, with price, sales, revenue and global market share of SOFC and SOEC from 2018 to 2023.
Chapter 3, the SOFC and SOEC competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SOFC and SOEC breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and SOFC and SOEC market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of SOFC and SOEC.
Chapter 14 and 15, to describe SOFC and SOEC sales channel, distributors, customers, research findings and conclusion.
The global SOFC and SOEC market size was valued at USD 1327 million in 2022 and is forecast to a readjusted size of USD 7589.3 million by 2029 with a CAGR of 28.3% during review period.
The Solid Oxide Fuel Cell (SOFC) is an all-solid chemical power generation device that directly converts the chemical energy stored in the fuel and oxidizer into electrical energy at medium and high temperature in an efficient and environmentally friendly manner. The SOFC is a type of fuel cell, which is characterized by the use of solid oxide materials as the electrolyte. SOFC uses a solid oxide electrolyte to conduct negative oxygen ions from the cathode to the anode.
The Solid Oxide Electrolyzer Cell (SOEC) is a solid oxide fuel cell that operates in the reverse direction. In the electrolysis mode, under the applied voltage and high temperature, it electrolyzes H2O to produce H2 and O2, and realizes the conversion of electrical and thermal energy into chemical energy.
The global key SOFC and SOEC manufacturers include Bloom Energy, Aisin Seiki, Mitsubishi Heavy Industries, etc. The top 1 company hold a share about 65%. North America is the largest market, with a share about 45%, followed by Asia Pacific and Europe with the share about 40% and 13%. In terms of product, planar is the largest segment, with a share about 85%. And in terms of application, the largest application is stationary, followed by transportation.
The Global Info Research report includes an overview of the development of the SOFC and SOEC industry chain, the market status of Stationary (Planar, Tubular), Transportation (Planar, Tubular), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of SOFC and SOEC.
Regionally, the report analyzes the SOFC and SOEC markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global SOFC and SOEC market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the SOFC and SOEC market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the SOFC and SOEC industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MW), revenue generated, and market share of different by Type (e.g., Planar, Tubular).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the SOFC and SOEC market.
Regional Analysis: The report involves examining the SOFC and SOEC market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the SOFC and SOEC market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to SOFC and SOEC:
Company Analysis: Report covers individual SOFC and SOEC manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards SOFC and SOEC This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Stationary, Transportation).
Technology Analysis: Report covers specific technologies relevant to SOFC and SOEC. It assesses the current state, advancements, and potential future developments in SOFC and SOEC areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the SOFC and SOEC market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
SOFC and SOEC market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Planar
Tubular
Others
Market segment by Application
Stationary
Transportation
Portable & Military
Major players covered
Bloom Energy
Aisin Seiki
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon Energy
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SOFC and SOEC product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SOFC and SOEC, with price, sales, revenue and global market share of SOFC and SOEC from 2018 to 2023.
Chapter 3, the SOFC and SOEC competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SOFC and SOEC breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and SOFC and SOEC market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of SOFC and SOEC.
Chapter 14 and 15, to describe SOFC and SOEC sales channel, distributors, customers, research findings and conclusion.
Index1 Market Overview
1.1 Product Overview and Scope of SOFC and SOEC
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global SOFC and SOEC Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Planar
1.3.3 Tubular
1.3.4 Others
1.4 Market Analysis by Application
1.4.1 Overview: Global SOFC and SOEC Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Stationary
1.4.3 Transportation
1.4.4 Portable & Military
1.5 Global SOFC and SOEC Market Size & Forecast
1.5.1 Global SOFC and SOEC Consumption Value (2018 & 2022 & 2029)
1.5.2 Global SOFC and SOEC Sales Quantity (2018-2029)
1.5.3 Global SOFC and SOEC Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Bloom Energy
2.1.1 Bloom Energy Details
2.1.2 Bloom Energy Major Business
2.1.3 Bloom Energy SOFC and SOEC Product and Services
2.1.4 Bloom Energy SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Bloom Energy Recent Developments/Updates
2.2 Aisin Seiki
2.2.1 Aisin Seiki Details
2.2.2 Aisin Seiki Major Business
2.2.3 Aisin Seiki SOFC and SOEC Product and Services
2.2.4 Aisin Seiki SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Aisin Seiki Recent Developments/Updates
2.3 Mitsubishi Power
2.3.1 Mitsubishi Power Details
2.3.2 Mitsubishi Power Major Business
2.3.3 Mitsubishi Power SOFC and SOEC Product and Services
2.3.4 Mitsubishi Power SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Mitsubishi Power Recent Developments/Updates
2.4 Ceres
2.4.1 Ceres Details
2.4.2 Ceres Major Business
2.4.3 Ceres SOFC and SOEC Product and Services
2.4.4 Ceres SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Ceres Recent Developments/Updates
2.5 SolydEra
2.5.1 SolydEra Details
2.5.2 SolydEra Major Business
2.5.3 SolydEra SOFC and SOEC Product and Services
2.5.4 SolydEra SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 SolydEra Recent Developments/Updates
2.6 Sunfire GmbH
2.6.1 Sunfire GmbH Details
2.6.2 Sunfire GmbH Major Business
2.6.3 Sunfire GmbH SOFC and SOEC Product and Services
2.6.4 Sunfire GmbH SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 Sunfire GmbH Recent Developments/Updates
2.7 Convion
2.7.1 Convion Details
2.7.2 Convion Major Business
2.7.3 Convion SOFC and SOEC Product and Services
2.7.4 Convion SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Convion Recent Developments/Updates
2.8 Special Power Sources (SPS)
2.8.1 Special Power Sources (SPS) Details
2.8.2 Special Power Sources (SPS) Major Business
2.8.3 Special Power Sources (SPS) SOFC and SOEC Product and Services
2.8.4 Special Power Sources (SPS) SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Special Power Sources (SPS) Recent Developments/Updates
2.9 Topsoe
2.9.1 Topsoe Details
2.9.2 Topsoe Major Business
2.9.3 Topsoe SOFC and SOEC Product and Services
2.9.4 Topsoe SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Topsoe Recent Developments/Updates
2.10 Redox Power Systems
2.10.1 Redox Power Systems Details
2.10.2 Redox Power Systems Major Business
2.10.3 Redox Power Systems SOFC and SOEC Product and Services
2.10.4 Redox Power Systems SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 Redox Power Systems Recent Developments/Updates
2.11 ZTEK Corporation
2.11.1 ZTEK Corporation Details
2.11.2 ZTEK Corporation Major Business
2.11.3 ZTEK Corporation SOFC and SOEC Product and Services
2.11.4 ZTEK Corporation SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.11.5 ZTEK Corporation Recent Developments/Updates
2.12 OxEon Energy
2.12.1 OxEon Energy Details
2.12.2 OxEon Energy Major Business
2.12.3 OxEon Energy SOFC and SOEC Product and Services
2.12.4 OxEon Energy SOFC and SOEC Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.12.5 OxEon Energy Recent Developments/Updates
3 Competitive Environment: SOFC and SOEC by Manufacturer
3.1 Global SOFC and SOEC Sales Quantity by Manufacturer (2018-2023)
3.2 Global SOFC and SOEC Revenue by Manufacturer (2018-2023)
3.3 Global SOFC and SOEC Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of SOFC and SOEC by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 SOFC and SOEC Manufacturer Market Share in 2022
3.4.2 Top 6 SOFC and SOEC Manufacturer Market Share in 2022
3.5 SOFC and SOEC Market: Overall Company Footprint Analysis
3.5.1 SOFC and SOEC Market: Region Footprint
3.5.2 SOFC and SOEC Market: Company Product Type Footprint
3.5.3 SOFC and SOEC Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global SOFC and SOEC Market Size by Region
4.1.1 Global SOFC and SOEC Sales Quantity by Region (2018-2029)
4.1.2 Global SOFC and SOEC Consumption Value by Region (2018-2029)
4.1.3 Global SOFC and SOEC Average Price by Region (2018-2029)
4.2 North America SOFC and SOEC Consumption Value (2018-2029)
4.3 Europe SOFC and SOEC Consumption Value (2018-2029)
4.4 Asia-Pacific SOFC and SOEC Consumption Value (2018-2029)
4.5 South America SOFC and SOEC Consumption Value (2018-2029)
4.6 Middle East and Africa SOFC and SOEC Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global SOFC and SOEC Sales Quantity by Type (2018-2029)
5.2 Global SOFC and SOEC Consumption Value by Type (2018-2029)
5.3 Global SOFC and SOEC Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global SOFC and SOEC Sales Quantity by Application (2018-2029)
6.2 Global SOFC and SOEC Consumption Value by Application (2018-2029)
6.3 Global SOFC and SOEC Average Price by Application (2018-2029)
7 North America
7.1 North America SOFC and SOEC Sales Quantity by Type (2018-2029)
7.2 North America SOFC and SOEC Sales Quantity by Application (2018-2029)
7.3 North America SOFC and SOEC Market Size by Country
7.3.1 North America SOFC and SOEC Sales Quantity by Country (2018-2029)
7.3.2 North America SOFC and SOEC Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe SOFC and SOEC Sales Quantity by Type (2018-2029)
8.2 Europe SOFC and SOEC Sales Quantity by Application (2018-2029)
8.3 Europe SOFC and SOEC Market Size by Country
8.3.1 Europe SOFC and SOEC Sales Quantity by Country (2018-2029)
8.3.2 Europe SOFC and SOEC Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific SOFC and SOEC Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific SOFC and SOEC Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific SOFC and SOEC Market Size by Region
9.3.1 Asia-Pacific SOFC and SOEC Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific SOFC and SOEC Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America SOFC and SOEC Sales Quantity by Type (2018-2029)
10.2 South America SOFC and SOEC Sales Quantity by Application (2018-2029)
10.3 South America SOFC and SOEC Market Size by Country
10.3.1 South America SOFC and SOEC Sales Quantity by Country (2018-2029)
10.3.2 South America SOFC and SOEC Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa SOFC and SOEC Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa SOFC and SOEC Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa SOFC and SOEC Market Size by Country
11.3.1 Middle East & Africa SOFC and SOEC Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa SOFC and SOEC Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 SOFC and SOEC Market Drivers
12.2 SOFC and SOEC Market Restraints
12.3 SOFC and SOEC Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of SOFC and SOEC and Key Manufacturers
13.2 Manufacturing Costs Percentage of SOFC and SOEC
13.3 SOFC and SOEC Production Process
13.4 SOFC and SOEC Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 SOFC and SOEC Typical Distributors
14.3 SOFC and SOEC Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Published By : GlobalInfoResearch
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