Global SOFC and SOEC Market Growth 2026-2032
Description
The global SOFC and SOEC market size is predicted to grow from US$ 1858 million in 2025 to US$ 10635 million in 2032; it is expected to grow at a CAGR of 28.8% from 2026 to 2032.
SOFC and SOEC, or SOFCs (Solid Oxide Fuel Cells) and SOECs (Solid Oxide Electrolyzer Cells) are both electrochemical devices that utilize a solid oxide (ceramic) electrolyte, but they operate in opposite modes. SOFCs convert chemical energy directly into electrical energy, while SOECs use electrical energy to produce chemical energy, specifically hydrogen from water. Essentially, an SOEC is an SOFC operating in reverse. In 2025, global SOFC and SOEC production reached approximately 399.70 MW. The main upstream raw materials for SOFC/SOEC include the following: electrolyte materials (YSZ / ScSZ / GDC, etc.), cathode/anode materials (LSCF/LSM, NiO, composite powders/inks), bipolar plates and structural components (interconnect alloys/coated strip steel), sealing materials (glass / glass-ceramic seals, sealing frits/pastes), etc.
In the context of the turnaround in energy policy, research focusses on technologies that can be used for the decentralized production of renewable (green) hydrogen (electrolyzer) or the reconversion of hydrogen into electricity (fuel cell). Due to the high efficiency (> 80 % for cogeneration) and the good scalability (system sizes in the kW to MW range), systems based on the solid oxide cell (SOC) will be the key technology for achieving the climate targets. SOCs contain a dense oxygen-ion conducting ceramic as electrolyte. The electrolyte is embedded between a porous electrode layer composed of a ceramic-metal composite at the fuel side of the cell and a nanoporous oxygen ion and electronic conducting ceramic layer at the air electrode of the cell.
LP Information, Inc. (LPI) ' newest research report, the “SOFC and SOEC Industry Forecast” looks at past sales and reviews total world SOFC and SOEC sales in 2025, providing a comprehensive analysis by region and market sector of projected SOFC and SOEC sales for 2026 through 2032. With SOFC and SOEC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOFC and SOEC industry.
This Insight Report provides a comprehensive analysis of the global SOFC and 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 analyzes the strategies of leading global companies with a focus on SOFC and SOEC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SOFC and SOEC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOFC and 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 SOFC and SOEC.
This report presents a comprehensive overview, market shares, and growth opportunities of SOFC and SOEC market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Planar
Tubular
Others
Segmentation by Model:
SOFC
SOEC
Segmentation by Industry Demand:
Industrial Applications
Data Centers
Transportation
Segmentation by Application:
Stationary
Transportation
Portable & Military
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 analysing the company's coverage, product portfolio, its market penetration.
Bloom Energy
Aisin Corporation
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Upstart Power
Convion
Special Power Sources (SPS)
Egen Energy
Topsoe
Redox Power Systems
OxEon Energy
Sanhuan Group
Huaqing New Energy
SOFCMAN
BPEC
Weichai Power
Wuhan Huake Fuelcell
Foshan ISOFC
Swift New Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global SOFC and SOEC market?
What factors are driving SOFC and SOEC market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SOFC and SOEC market opportunities vary by end market size?
How does SOFC and SOEC break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
SOFC and SOEC, or SOFCs (Solid Oxide Fuel Cells) and SOECs (Solid Oxide Electrolyzer Cells) are both electrochemical devices that utilize a solid oxide (ceramic) electrolyte, but they operate in opposite modes. SOFCs convert chemical energy directly into electrical energy, while SOECs use electrical energy to produce chemical energy, specifically hydrogen from water. Essentially, an SOEC is an SOFC operating in reverse. In 2025, global SOFC and SOEC production reached approximately 399.70 MW. The main upstream raw materials for SOFC/SOEC include the following: electrolyte materials (YSZ / ScSZ / GDC, etc.), cathode/anode materials (LSCF/LSM, NiO, composite powders/inks), bipolar plates and structural components (interconnect alloys/coated strip steel), sealing materials (glass / glass-ceramic seals, sealing frits/pastes), etc.
In the context of the turnaround in energy policy, research focusses on technologies that can be used for the decentralized production of renewable (green) hydrogen (electrolyzer) or the reconversion of hydrogen into electricity (fuel cell). Due to the high efficiency (> 80 % for cogeneration) and the good scalability (system sizes in the kW to MW range), systems based on the solid oxide cell (SOC) will be the key technology for achieving the climate targets. SOCs contain a dense oxygen-ion conducting ceramic as electrolyte. The electrolyte is embedded between a porous electrode layer composed of a ceramic-metal composite at the fuel side of the cell and a nanoporous oxygen ion and electronic conducting ceramic layer at the air electrode of the cell.
LP Information, Inc. (LPI) ' newest research report, the “SOFC and SOEC Industry Forecast” looks at past sales and reviews total world SOFC and SOEC sales in 2025, providing a comprehensive analysis by region and market sector of projected SOFC and SOEC sales for 2026 through 2032. With SOFC and SOEC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SOFC and SOEC industry.
This Insight Report provides a comprehensive analysis of the global SOFC and 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 analyzes the strategies of leading global companies with a focus on SOFC and SOEC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SOFC and SOEC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SOFC and 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 SOFC and SOEC.
This report presents a comprehensive overview, market shares, and growth opportunities of SOFC and SOEC market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Planar
Tubular
Others
Segmentation by Model:
SOFC
SOEC
Segmentation by Industry Demand:
Industrial Applications
Data Centers
Transportation
Segmentation by Application:
Stationary
Transportation
Portable & Military
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 analysing the company's coverage, product portfolio, its market penetration.
Bloom Energy
Aisin Corporation
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Upstart Power
Convion
Special Power Sources (SPS)
Egen Energy
Topsoe
Redox Power Systems
OxEon Energy
Sanhuan Group
Huaqing New Energy
SOFCMAN
BPEC
Weichai Power
Wuhan Huake Fuelcell
Foshan ISOFC
Swift New Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global SOFC and SOEC market?
What factors are driving SOFC and SOEC market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SOFC and SOEC market opportunities vary by end market size?
How does SOFC and SOEC break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
165 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for SOFC and SOEC by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for SOFC and SOEC by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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