Global SOEC Market Growth (Status and Outlook) 2025-2031
Description
The global SOEC market size is predicted to grow from US$ 88.6 million in 2025 to US$ 1311 million in 2031; it is expected to grow at a CAGR of 56.7% from 2025 to 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.
LPI (LP Information)' newest research report, the “SOEC Industry Forecast” looks at past sales and reviews total world SOEC sales in 2024, providing a comprehensive analysis by region and market sector of projected SOEC sales for 2025 through 2031. With SOEC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOEC industry.
This Insight Report provides a comprehensive analysis of the global SOEC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on SOEC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SOEC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOEC and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SOEC.
This report presents a comprehensive overview, market shares, and growth opportunities of SOEC market by product type, application, key players and key regions and countries.
Segmentation by Type:
Oxygen Ion Conducting
Proton Conducting
Segmentation by Application:
Chemicals and Refineries
Power Plants
Steel Plant
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Bloom Energy
FuelCell Energy
Egen Energy
Please note: The report will take approximately 2 business days to prepare and deliver.
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.
LPI (LP Information)' newest research report, the “SOEC Industry Forecast” looks at past sales and reviews total world SOEC sales in 2024, providing a comprehensive analysis by region and market sector of projected SOEC sales for 2025 through 2031. With SOEC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOEC industry.
This Insight Report provides a comprehensive analysis of the global SOEC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on SOEC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SOEC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOEC and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SOEC.
This report presents a comprehensive overview, market shares, and growth opportunities of SOEC market by product type, application, key players and key regions and countries.
Segmentation by Type:
Oxygen Ion Conducting
Proton Conducting
Segmentation by Application:
Chemicals and Refineries
Power Plants
Steel Plant
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Bloom Energy
FuelCell Energy
Egen Energy
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
84 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 SOEC Market Size by Player
- 4 SOEC by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global SOEC Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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