Solid Oxide Electrolyzer Cell (SOEC) Market - A Global and Regional Analysis: Focus on Application, Product, and Regional Analysis - Analysis and Forecast, 2025-2035

Executive Summary Scope and Definition 1 Market: Industry Outlook 1.1 Trends: Current and Future Impact Assessment 1.1.1 Shift toward High-Efficiency Solid Oxide Electrolyzers 1.1.2 Acceleration of Co-Electrolysis for E-Fuels and Synthetic Feedstocks 1.1.3 Scaling of SOEC Manufacturing Capacity and Modular Multi-MW Systems 1.1.4 Integration of SOEC Systems within Industrial Clusters and Heat-Rich Ecosystems 1.2 Supply Chain Overview 1.2.1 Value Chain Analysis 1.2.2 Pricing Forecast 1.3 Regulatory Landscape 1.4 Stakeholder Analysis 1.4.1 Use Case 1.4.2 End User and Buying Criteria 1.5 Impact Analysis for Key Global Events 1.5.1 Energy Crisis (2021–2023) and the Russian Gas Shock 1.5.2 COVID-19 and Clean Technology Supply Chain Disruptions 1.5.3 Geopolitical Tensions, Trade Fragmentation, and Hydrogen Geopolitics 1.6 Market Dynamics Overview 1.6.1 Market Drivers 1.6.1.1 Superior Efficiency and Performance Advantages over PEM and Alkaline Electrolyzers 1.6.1.2 Industrial Decarbonization and Heat Integration Opportunities 1.6.1.3 Expansion of Power-to-X and E-Fuels Markets 1.6.2 Market Challenges 1.6.2.1 High Operating Temperatures and Durability Challenges 1.6.2.2 Raw Material and Supply Chain Constraints 1.6.3 Market Opportunities 1.6.3.1 Co-Electrolysis for Synthetic Fuels and Chemical Production 1.6.3.2 Integration with Nuclear, Geothermal, and CSP Heat Sources 1.6.3.3 Growth of Hydrogen Valleys, IPCEI Projects, and H2Hubs 2 Application 2.1 Application Summary 2.2 Solid Oxide Electrolyzer Cell (SOEC) Market (by Application) 2.2.1 Refining Industry 2.2.2 Power and Energy Sector 2.2.3 Ammonia Production 2.2.4 Methanol Production 2.2.5 Transportation/Mobility 2.2.6 Others 3 Products 3.1 Product Summary 3.2 Solid Oxide Electrolyzer Cell (SOEC) Market (by Type) 3.2.1 Planar 3.2.2 Tubular 3.2.3 Others 4 Region 4.1 Regional Summary 4.2 North America 4.2.1 Key Market Participants in North America 4.2.2 Driving Factors for Market Growth 4.2.3 Factors Challenging the Market 4.2.4 Application 4.2.5 Product 4.2.6 North America (by Country) 4.2.6.1 U.S. 4.2.6.1.1 Application 4.2.6.1.2 Product 4.2.6.2 Canada 4.2.6.2.1 Application 4.2.6.2.2 Product 4.2.6.3 Mexico 4.2.6.3.1 Application 4.2.6.3.2 Product 4.3 Europe 4.3.1 Key Market Participants in Europe 4.3.2 Driving Factors for Market Growth 4.3.3 Factors Challenging the Market 4.3.4 Application 4.3.5 Product 4.3.6 Europe (by Country) 4.3.6.1 Germany 4.3.6.1.1 Application 4.3.6.1.2 Product 4.3.6.2 France 4.3.6.2.1 Application 4.3.6.2.2 Product 4.3.6.3 U.K. 4.3.6.3.1 Application 4.3.6.3.2 Product 4.3.6.4 Italy 4.3.6.4.1 Application 4.3.6.4.2 Product 4.3.6.5 Rest-of-Europe 4.3.6.5.1 Application 4.3.6.5.2 Product 4.4 Asia-Pacific 4.4.1 Key Market Participants in Asia-Pacific 4.4.2 Driving Factors for Market Growth 4.4.3 Factors Challenging the Market 4.4.4 Application 4.4.5 Product 4.4.6 Asia-Pacific (by Country) 4.4.6.1 China 4.4.6.1.1 Application 4.4.6.1.2 Product 4.4.6.2 Japan 4.4.6.2.1 Application 4.4.6.2.2 Product 4.4.6.3 India 4.4.6.3.1 Application 4.4.6.3.2 Product 4.4.6.4 South Korea 4.4.6.4.1 Application 4.4.6.4.2 Product 4.4.6.5 Rest-of-Asia-Pacific 4.4.6.5.1 Application 4.4.6.5.2 Product 4.5 Rest-of-the-World 4.5.1 Key Market Participants in Rest-of-the-World 4.5.2 Driving Factors for Market Growth 4.5.3 Factors Challenging the Market 4.5.4 Application 4.5.5 Product 4.5.6 Rest-of-the-World (by Region) 4.5.6.1 South America 4.5.6.1.1 Application 4.5.6.1.2 Product 4.5.6.2 Middle East and Africa 4.5.6.2.1 Application 4.5.6.2.2 Product 5 Markets - Competitive Benchmarking & Company Profiles 5.1 Next Frontiers 5.2 Geographic Assessment 5.2.1 Elcogen AS 5.2.1.1 Overview 5.2.1.2 Top Products/Product Portfolio 5.2.1.3 Top Competitors 5.2.1.4 Target Customers 5.2.1.5 Key Personnel 5.2.1.6 Analyst View 5.2.1.7 Market Share, 2024 5.2.2 Bloom Energy 5.2.2.1 Overview 5.2.2.2 Top Products/Product Portfolio 5.2.2.3 Top Competitors 5.2.2.4 Target Customers 5.2.2.5 Key Personnel 5.2.2.6 Analyst View 5.2.2.7 Market Share, 2024 5.2.3 Nexceris 5.2.3.1 Overview 5.2.3.2 Company Financials 5.2.3.3 Top Products/Product Portfolio 5.2.3.4 Top Competitors 5.2.3.5 Target Customers 5.2.3.6 Key Personnel 5.2.3.7 Analyst View 5.2.3.8 Market Share, 2024 5.2.4 FuelCell Energy, Inc. 5.2.4.1 Overview 5.2.4.2 Top Products/Product Portfolio 5.2.4.3 Top Competitors 5.2.4.4 Target Customers 5.2.4.5 Key Personnel 5.2.4.6 Analyst View 5.2.4.7 Market Share, 2024 5.2.5 OxEon Energy, LLC 5.2.5.1 Overview 5.2.5.2 Top Products/Product Portfolio 5.2.5.3 Top Competitors 5.2.5.4 Target Customers 5.2.5.5 Key Personnel 5.2.5.6 Analyst View 5.2.5.7 Market Share, 2024 5.2.6 Sunfire SE 5.2.6.1 Overview 5.2.6.2 Top Products/Product Portfolio 5.2.6.3 Top Competitors 5.2.6.4 Target Customers 5.2.6.5 Key Personnel 5.2.6.6 Analyst View 5.2.6.7 Market Share, 2024 5.2.7 Ceres Power Holding plc 5.2.7.1 Overview 5.2.7.2 Top Products/Product Portfolio 5.2.7.3 Top Competitors 5.2.7.4 Target Customers 5.2.7.5 Key Personnel 5.2.7.6 Analyst View 5.2.7.7 Market Share, 2024 5.2.8 Topsoe A/S 5.2.8.1 Overview 5.2.8.2 Top Products/Product Portfolio 5.2.8.3 Top Competitors 5.2.8.4 Target Customers 5.2.8.5 Key Personnel 5.2.8.6 Analyst View 5.2.8.7 Market Share, 2024 5.2.9 H2E Power 5.2.9.1 Overview 5.2.9.2 Top Products/Product Portfolio 5.2.9.3 Top Competitors 5.2.9.4 Target Customers 5.2.9.5 Key Personnel 5.2.9.6 Analyst View 5.2.9.7 Market Share, 2024 5.2.10 MITSUBISHI HEAVY INDUSTRIES, LTD. 5.2.10.1 Overview 5.2.10.2 Top Products/Product Portfolio 5.2.10.3 Top Competitors 5.2.10.4 Target Customers 5.2.10.5 Key Personnel 5.2.10.6 Analyst View 5.2.10.7 Market Share, 2024 5.2.11 Toshiba Energy Systems & Solutions Corporation 5.2.11.1 Overview 5.2.11.2 Top Products/Product Portfolio 5.2.11.3 Top Competitors 5.2.11.4 Target Customers 5.2.11.5 Key Personnel 5.2.11.6 Analyst View 5.2.11.7 Market Share, 2024 5.2.12 SolydEra SpA 5.2.12.1 Overview 5.2.12.2 Top Products/Product Portfolio 5.2.12.3 Top Competitors 5.2.12.4 Target Customers 5.2.12.5 Key Personnel 5.2.12.6 Analyst View 5.2.12.7 Market Share, 2024 5.2.13 Other Key Companies 6 Research Methodology 6.1 Data Sources 6.1.1 Primary Data Sources 6.1.2 Secondary Data Sources 6.1.3 Data Triangulation 6.2 Market Estimation and Forecast List of Figures Figure 1: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Scenario), $Million, 2025, 2030, and 2035 Figure 2: Global Solid Oxide Electrolyzer Cell (SOEC) Market, 2024 and 2035 Figure 3: Top Countries, Global Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024 Figure 4: Global Market Snapshot, 2024 Figure 5: Global Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024 and 2035 Figure 6: Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024, 2030, and 2035 Figure 7: Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024, 2030, and 2035 Figure 8: Solid Oxide Electrolyzer Cell (SOEC) Market Segmentation Figure 9: Value Chain Overview Figure 10: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024, 2030, and 2035 Figure 11: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Refining Industry), $Million, 2024-2035 Figure 12: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Power and Energy Sector), $Million, 2024-2035 Figure 13: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Ammonia Production), $Million, 2024-2035 Figure 14: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Methanol Production), $Million, 2024-2035 Figure 15: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Transportation/Mobility), $Million, 2024-2035 Figure 16: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Others), $Million, 2024-2035 Figure 17: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024, 2030, and 2035 Figure 18: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Planar), $Million, 2024-2035 Figure 19: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Tubular), $Million, 2024-2035 Figure 20: Global Solid Oxide Electrolyzer Cell (SOEC) Market (Others), $Million, 2024-2035 Figure 21: U.S. Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 22: Canada Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 23: Mexico Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 24: Germany Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 25: France Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 26: U.K. Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 27: Italy Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 28: Rest-of-Europe Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 29: China Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 30: Japan Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 31: India Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 32: South Korea Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 33: Rest-of-Asia-Pacific Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 34: South America Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 35: Middle East and Africa Solid Oxide Electrolyzer Cell (SOEC) Market, $Million, 2024-2035 Figure 36: Next Frontiers Figure 37: Strategic Initiatives, January 2021-May 2025 Figure 38: Data Triangulation Figure 39: Top-Down and Bottom-Up Approach Figure 40: Assumptions and Limitations List of Tables Table 1: Market Snapshot Table 2: Competitive Landscape Snapshot Table 3: Global Solid Oxide Electrolyzer Cell (SOEC) Market Regulatory Landscape Table 4: Global Solid Oxide Electrolyzer Cell (SOEC) Market Regulatory Landscape Table 5: Global Average Selling Price Range of SOEC System, $/kW, 2024-2035 Table 6: Global Solid Oxide Electrolyzer Cell (SOEC) Market Regulatory Landscape Table 7: Global Solid Oxide Electrolyzer Cell (SOEC) Market Use Cases Table 8: Global Solid Oxide Electrolyzer Cell (SOEC) Market End User and Buying Criteria Table 9: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Region), $Million, 2024-2035 Table 10: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 11: Global Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 12: North America Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 13: North America Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 14: U.S. Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 15: U.S. Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 16: Canada Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 17: Canada Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 18: Mexico Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 19: Mexico Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 20: Europe Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 21: Europe Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 22: Germany Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 23: Germany Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 24: France Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 25: France Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 26: U.K. Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 27: U.K. Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 28: Italy Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 29: Italy Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 30: Rest-of-Europe Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 31: Rest-of-Europe Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 32: Asia-Pacific Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 33: Asia-Pacific Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 34: China Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 35: China Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 36: Japan Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 37: Japan Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 38: India Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 39: India Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 40: South Korea Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 41: South Korea Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 42: Rest-of-Asia-Pacific Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 43: Rest-of-Asia-Pacific Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 44: Rest-of-the-World Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 45: Rest-of-the-World Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 46: South America Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 47: South America Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 48: Middle East and Africa Solid Oxide Electrolyzer Cell (SOEC) Market (by Application), $Million, 2024-2035 Table 49: Middle East and Africa Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type), $Million, 2024-2035 Table 50: Global Market Share, 2024