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Global SOFC and SOEC Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 02, 2025
Length 146 Pages
SKU # BOSS20299257

Description

Report Overview

Solid oxide fuel cells (SOFCs) and solid oxide electrolysis cells (SOECs) are advanced electrochemical devices that operate at high temperatures (600–1,000°C) to convert chemical energy into electricity (SOFCs) or electricity into hydrogen and syngas (SOECs). SOFCs are primarily used for stationary power generation, offering high efficiency, fuel flexibility, and low emissions, making them suitable for distributed energy systems, combined heat and power (CHP) applications, and remote power solutions. SOECs, on the other hand, are gaining traction in green hydrogen production, leveraging renewable electricity to split water or co-electrolyze CO₂ and H₂O, supporting decarbonization efforts in industries such as energy storage, transportation, and chemicals.

The global SOFC market is driven by increasing demand for clean energy solutions, government incentives for fuel cell adoption, and advancements in materials science improving durability and reducing costs. Key players include Bloom Energy, Mitsubishi Power, and Ceres Power, with applications spanning data centers, military, and residential sectors. Meanwhile, the SOEC market is emerging, fueled by the global hydrogen economy’s growth, with companies like Sunfire, Topsoe, and Haldor Topsoe leading innovation. Challenges include high capital costs, thermal cycling durability, and competition from lower-temperature alternatives like PEM electrolyzers. However, SOEC’s superior efficiency at scale positions it as a critical technology for large-scale hydrogen production. Both markets benefit from rising investments in renewable energy integration and carbon-neutral initiatives, though commercialization hinges on cost reductions and policy support.

The global SOFC and SOEC market size was estimated at USD 2167.2 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 31.91% during the forecast period.

This report provides a deep insight into the global SOFC and SOEC market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global SOFC and SOEC Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the SOFC and SOEC market in any manner.

Global SOFC and SOEC Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bloom Energy

Aisin Seiki

Mitsubishi Heavy Industries

SOLIDpower

Ceres

Convion

Special Power Sources (SPS)

Redox Power Systems

Sunfire GmbH

Fiaxel

ZTEK Corporation

Elcogen

OxEon Energy

Market Segmentation (by Type)

Planar

Tubular

Others

Market Segmentation (by Application)

Stationary

Transportation

Portable & Military

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the SOFC and SOEC Market

Overview of the regional outlook of the SOFC and SOEC Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 SOFC and SOEC Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 9 shares the main producing countries of SOFC and SOEC, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

146 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Sofc And Soec
1.2 Key Market Segments
1.2.1 Sofc And Soec Segment By Type
1.2.2 Sofc And Soec Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Sofc And Soec Market Overview
2.1 Global Market Overview
2.1.1 Global Sofc And Soec Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Sofc And Soec Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Sofc And Soec Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Sofc And Soec Product Life Cycle
3.3 Global Sofc And Soec Sales By Manufacturers (2020-2025)
3.4 Global Sofc And Soec Revenue Market Share By Manufacturers (2020-2025)
3.5 Sofc And Soec Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Sofc And Soec Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Sofc And Soec Market Competitive Situation And Trends
3.8.1 Sofc And Soec Market Concentration Rate
3.8.2 Global 5 And 10 Largest Sofc And Soec Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Sofc And Soec Industry Chain Analysis
4.1 Sofc And Soec Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Sofc And Soec Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Sofc And Soec Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Sofc And Soec Market
5.7 Esg Ratings Of Leading Companies
6 Sofc And Soec Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Sofc And Soec Sales Market Share By Type (2020-2025)
6.3 Global Sofc And Soec Market Size Market Share By Type (2020-2025)
6.4 Global Sofc And Soec Price By Type (2020-2025)
7 Sofc And Soec Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Sofc And Soec Market Sales By Application (2020-2025)
7.3 Global Sofc And Soec Market Size (M Usd) By Application (2020-2025)
7.4 Global Sofc And Soec Sales Growth Rate By Application (2020-2025)
8 Sofc And Soec Market Sales By Region
8.1 Global Sofc And Soec Sales By Region
8.1.1 Global Sofc And Soec Sales By Region
8.1.2 Global Sofc And Soec Sales Market Share By Region
8.2 Global Sofc And Soec Market Size By Region
8.2.1 Global Sofc And Soec Market Size By Region
8.2.2 Global Sofc And Soec Market Size Market Share By Region
8.3 North America
8.3.1 North America Sofc And Soec Sales By Country
8.3.2 North America Sofc And Soec Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Sofc And Soec Sales By Country
8.4.2 Europe Sofc And Soec Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Sofc And Soec Sales By Region
8.5.2 Asia Pacific Sofc And Soec Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Sofc And Soec Sales By Country
8.6.2 South America Sofc And Soec Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Sofc And Soec Sales By Region
8.7.2 Middle East And Africa Sofc And Soec Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Sofc And Soec Market Production By Region
9.1 Global Production Of Sofc And Soec By Region(2020-2025)
9.2 Global Sofc And Soec Revenue Market Share By Region (2020-2025)
9.3 Global Sofc And Soec Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Sofc And Soec Production
9.4.1 North America Sofc And Soec Production Growth Rate (2020-2025)
9.4.2 North America Sofc And Soec Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Sofc And Soec Production
9.5.1 Europe Sofc And Soec Production Growth Rate (2020-2025)
9.5.2 Europe Sofc And Soec Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Sofc And Soec Production (2020-2025)
9.6.1 Japan Sofc And Soec Production Growth Rate (2020-2025)
9.6.2 Japan Sofc And Soec Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Sofc And Soec Production (2020-2025)
9.7.1 China Sofc And Soec Production Growth Rate (2020-2025)
9.7.2 China Sofc And Soec Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Bloom Energy
10.1.1 Bloom Energy Basic Information
10.1.2 Bloom Energy Sofc And Soec Product Overview
10.1.3 Bloom Energy Sofc And Soec Product Market Performance
10.1.4 Bloom Energy Business Overview
10.1.5 Bloom Energy Swot Analysis
10.1.6 Bloom Energy Recent Developments
10.2 Aisin Seiki
10.2.1 Aisin Seiki Basic Information
10.2.2 Aisin Seiki Sofc And Soec Product Overview
10.2.3 Aisin Seiki Sofc And Soec Product Market Performance
10.2.4 Aisin Seiki Business Overview
10.2.5 Aisin Seiki Swot Analysis
10.2.6 Aisin Seiki Recent Developments
10.3 Mitsubishi Heavy Industries
10.3.1 Mitsubishi Heavy Industries Basic Information
10.3.2 Mitsubishi Heavy Industries Sofc And Soec Product Overview
10.3.3 Mitsubishi Heavy Industries Sofc And Soec Product Market Performance
10.3.4 Mitsubishi Heavy Industries Business Overview
10.3.5 Mitsubishi Heavy Industries Swot Analysis
10.3.6 Mitsubishi Heavy Industries Recent Developments
10.4 Solidpower
10.4.1 Solidpower Basic Information
10.4.2 Solidpower Sofc And Soec Product Overview
10.4.3 Solidpower Sofc And Soec Product Market Performance
10.4.4 Solidpower Business Overview
10.4.5 Solidpower Recent Developments
10.5 Ceres
10.5.1 Ceres Basic Information
10.5.2 Ceres Sofc And Soec Product Overview
10.5.3 Ceres Sofc And Soec Product Market Performance
10.5.4 Ceres Business Overview
10.5.5 Ceres Recent Developments
10.6 Convion
10.6.1 Convion Basic Information
10.6.2 Convion Sofc And Soec Product Overview
10.6.3 Convion Sofc And Soec Product Market Performance
10.6.4 Convion Business Overview
10.6.5 Convion Recent Developments
10.7 Special Power Sources (Sps)
10.7.1 Special Power Sources (Sps) Basic Information
10.7.2 Special Power Sources (Sps) Sofc And Soec Product Overview
10.7.3 Special Power Sources (Sps) Sofc And Soec Product Market Performance
10.7.4 Special Power Sources (Sps) Business Overview
10.7.5 Special Power Sources (Sps) Recent Developments
10.8 Redox Power Systems
10.8.1 Redox Power Systems Basic Information
10.8.2 Redox Power Systems Sofc And Soec Product Overview
10.8.3 Redox Power Systems Sofc And Soec Product Market Performance
10.8.4 Redox Power Systems Business Overview
10.8.5 Redox Power Systems Recent Developments
10.9 Sunfire Gmbh
10.9.1 Sunfire Gmbh Basic Information
10.9.2 Sunfire Gmbh Sofc And Soec Product Overview
10.9.3 Sunfire Gmbh Sofc And Soec Product Market Performance
10.9.4 Sunfire Gmbh Business Overview
10.9.5 Sunfire Gmbh Recent Developments
10.10 Fiaxel
10.10.1 Fiaxel Basic Information
10.10.2 Fiaxel Sofc And Soec Product Overview
10.10.3 Fiaxel Sofc And Soec Product Market Performance
10.10.4 Fiaxel Business Overview
10.10.5 Fiaxel Recent Developments
10.11 Ztek Corporation
10.11.1 Ztek Corporation Basic Information
10.11.2 Ztek Corporation Sofc And Soec Product Overview
10.11.3 Ztek Corporation Sofc And Soec Product Market Performance
10.11.4 Ztek Corporation Business Overview
10.11.5 Ztek Corporation Recent Developments
10.12 Elcogen
10.12.1 Elcogen Basic Information
10.12.2 Elcogen Sofc And Soec Product Overview
10.12.3 Elcogen Sofc And Soec Product Market Performance
10.12.4 Elcogen Business Overview
10.12.5 Elcogen Recent Developments
10.13 Oxeon Energy
10.13.1 Oxeon Energy Basic Information
10.13.2 Oxeon Energy Sofc And Soec Product Overview
10.13.3 Oxeon Energy Sofc And Soec Product Market Performance
10.13.4 Oxeon Energy Business Overview
10.13.5 Oxeon Energy Recent Developments
11 Sofc And Soec Market Forecast By Region
11.1 Global Sofc And Soec Market Size Forecast
11.2 Global Sofc And Soec Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Sofc And Soec Market Size Forecast By Country
11.2.3 Asia Pacific Sofc And Soec Market Size Forecast By Region
11.2.4 South America Sofc And Soec Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Sofc And Soec By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Sofc And Soec Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Sofc And Soec By Type (2026-2033)
12.1.2 Global Sofc And Soec Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Sofc And Soec By Type (2026-2033)
12.2 Global Sofc And Soec Market Forecast By Application (2026-2033)
12.2.1 Global Sofc And Soec Sales (K Units) Forecast By Application
12.2.2 Global Sofc And Soec Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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