全球固體氧化物電解池(SOEC)市場-按應用、產品和地區分類的分析和預測(2025-2035 年)
市場調查報告書
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1907895

全球固體氧化物電解池(SOEC)市場-按應用、產品和地區分類的分析和預測(2025-2035 年)

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

出版日期: | 出版商: BIS Research | 英文 122 Pages | 商品交期: 1-5個工作天內

價格

固體氧化物電解池 (SOEC) 市場預計將從 2024 年的 1.369 億美元成長到 2035 年的 225.583 億美元,複合年成長率為 48.78%。

固體氧化物電解池(SOEC)市場是電解產業的新興領域,主要集中在高溫電解(蒸氣電解)。由於SOEC在高溫下運行,可以利用熱能作為部分能量輸入,從而提高轉換效率,這使得它們對於難以減排的工業領域(尤其是那些擁有廢熱或高溫製程熱的領域)的脫碳改造具有特別吸引力。國際能源總署(IEA)指出,SOEC在所有電解槽類型中效率最高,但也強調延長其使用壽命仍是一項重大的發展挑戰。

關鍵市場統計數據
預測期 2025-2035
2025 年評估 4.246億美元
2035 年預測 225.583億美元
複合年成長率 48.78%

按應用領域分類,煉油業是推動市場成長的主要因素。

煉製產業預計將在應用領域佔據主導地位,這主要得益於該產業對永續性的重視以及在減少碳排放的進展。煉製產業正在利用固體氧化物電解池(SOEC)技術生產煉油製程所需的氫氣,使其成為全球SOEC市場的關鍵應用領域。該領域的成長主要受煉油作業中為滿足日益嚴格的環保法規而對低碳氫化合物的需求不斷成長的推動。此外,向更清潔燃料生產和工業製程脫碳的轉型也加速了煉油業對SOEC系統的應用。在對永續氫氣需求不斷成長的背景下,煉製產業正在推動電解槽系統的應用,從而增強了全球SOEC市場的整體擴張。煉油廠持續專注於滿足環保法規和清潔能源轉型,預計也將進一步推動該領域的成長。

按產品類型分類,預計平板顯示器細分市場將佔據主導地位。

平面固體氧化物電解池(SOEC)是高效設計和高性能的關鍵細分市場。材料科學和製造技術的進步推動了該細分市場的成長,使其效率更高、生產成本更低。此外,對清潔氫氣生產的需求不斷成長以及向永續能源來源的轉型正在加速平面SOEC系統的應用。此細分市場的成長促進了氫氣生產技術的擴展,並推動了全球SOEC市場的進一步擴張,從而對整體市場產生積極影響。政府對綠色技術的支持以及對清潔能源基礎設施投資的增加等因素預計也將繼續維持這一成長勢頭。

從區域層面來看,由於強力的政策需求刺激、大規模的工業脫碳需求以及旨在加速電解槽規模化生產的專項資金,歐洲預計將引領市場。在歐盟層面,REPowerEU已明確發出可再生氫的需求訊號。其到2030年實現1000萬噸國內產量和1000萬噸進口的目標,將直接支持先進電解技術的部署,包括適用於工業基地的高溫固體氧化物電解池(SOEC)系統。

本報告調查了全球固體氧化物電解池 (SOEC) 市場,並總結了關鍵趨勢、市場影響因素分析、法律制度、市場規模趨勢和預測、按各個細分市場、地區/主要國家進行的詳細分析、競爭格局以及主要企業的概況。

目錄

執行摘要

範圍和定義

第1章 市場:產業展望

  • 趨勢:現況及未來影響評估
    • 向高效固體氧化物電解過渡
    • 加速共電解取合成燃料及原料
    • 擴大固態氧化物電解池(SOEC)製造能力及模組化多兆瓦系統
    • 將固體氧化物電解池系統整合到工業叢集和熱能生態系中
  • 供應鏈概覽
    • 價值鏈分析
    • 價格預測
  • 監管狀態
  • 相關利益者分析
    • 用例
    • 最終用戶和採購標準
  • 重大世界事件的影響分析
    • 能源危機(2021-2023)與俄羅斯天然氣衝擊
    • 新冠疫情與潔淨科技供應鏈中斷
    • 地緣政治緊張局勢、貿易脫鉤與氫能地緣政治
  • 市場動態概述
    • 市場促進因素
    • 市場挑戰
    • 市場機遇

第2章 應用

  • 使用情況概述
  • 按應用分類的固體氧化物電解池 (SOEC) 市場
    • 煉製產業
    • 電力和能源部
    • 氨的生產
    • 甲醇生產
    • 交通運輸與出行
    • 其他

第3章 產品

  • 產品概述
  • 固體氧化物電解池 (SOEC) 市場按類型分類
    • 飛機
    • 管狀
    • 其他

第4章 區域

  • 區域概況
  • 北美洲
    • 北美主要參與企業
    • 市場成長促進因素
    • 市場問題
    • 目的
    • 產品
    • 北美洲(按國家/地區分類)
  • 歐洲
    • 歐洲主要參與企業
    • 市場成長促進因素
    • 市場問題
    • 目的
    • 產品
    • 歐洲(按國家/地區分類)
  • 亞太地區
    • 亞太地區主要參與企業
    • 市場成長促進因素
    • 市場問題
    • 目的
    • 產品
    • 亞太地區(按國家/地區分類)
  • 其他地區
    • 其他地區的主要參與企業
    • 市場成長促進因素
    • 市場問題
    • 目的
    • 產品
    • 其他地區(按地區分類)

第5章 市場:競爭標竿分析與公司概況

  • 下一個前沿領域
  • 地理評估
    • Elcogen AS
    • Bloom Energy
    • Nexceris
    • FuelCell Energy, Inc.
    • OxEon Energy, LLC
    • Sunfire SE
    • Ceres Power Holding plc
    • Topsoe A/S
    • H2E Power
    • MITSUBISHI HEAVY INDUSTRIES, LTD.
    • Toshiba Energy Systems & Solutions Corporation
    • SolydEra SpA
    • 其他主要企業

第6章調查方法

Product Code: MCN2129SA

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Solid Oxide Electrolyzer Cell (SOEC) Market Overview

The solid oxide electrolyzer cell (SOEC) market was valued at $136.9 million in 2024 and is projected to grow at a CAGR of 48.78%, reaching $22,558.3 million by 2035. The solid oxide electrolyzer cell (SOEC) market is an emerging segment of the electrolyzer industry focused on high-temperature water electrolysis (steam electrolysis). SOECs operate at elevated temperatures, which can improve conversion efficiency by using heat as part of the energy input, making them especially attractive for hard-to-abate industrial decarbonization where waste heat or high-temperature process heat is available. The International Energy Agency (IEA) notes SOECs can achieve the highest efficiencies among electrolyzer types, while also highlighting that extending lifetime remains a key development priority.

KEY MARKET STATISTICS
Forecast Period2025 - 2035
2025 Evaluation$424.6 Million
2035 Forecast$22,558.3 Million
CAGR48.78%

Introduction of Solid Oxide Electrolyzer Cell

The study conducted by BIS Research highlights that the solid oxide electrolyzer cell (SOEC) market includes stack and system manufacturers, balance-of-plant suppliers, EPC partners, and end users deploying SOEC systems for green hydrogen and e-fuels pathways. It is closely linked to broader electrolyzer deployment momentum (across alkaline/PEM/SOEC), with nearly 700 MW of electrolysis capacity becoming operational in 2023 (all technologies). Unlike low-temperature electrolyzers, SOEC commercialization tends to cluster around industrial hubs (refineries, steel, chemicals, e-methanol/ammonia), where the value of high efficiency and heat integration is highest.

Market Introduction

The solid oxide electrolyzer cell (SOEC) market covers the development, manufacturing, and deployment of high-temperature electrolyzer systems that produce hydrogen by splitting steam (and, in some configurations, co-electrolyzing steam and CO? to create syngas for e-fuels). Market activity spans SOEC stack suppliers, system integrators, balance-of-plant providers (heat exchangers, power electronics, controls), EPC partners, and end users across heavy industry. Compared with low-temperature electrolyzers, SOEC adoption is most concentrated in industrial hubs such as steel, chemicals, refineries, and e-fuel projects, where access to high-grade heat or steam can improve overall efficiency and economics. As clean hydrogen policies and industrial decarbonization targets expand, the solid oxide electrolyzer cell (SOEC) market is transitioning from pilot-scale installations toward early commercialization, with competition increasingly centered on stack durability, thermal cycling resilience, and scalable manufacturing.

Industrial Impact

SOEC adoption can materially change industrial decarbonization economics by lowering electricity needs per unit of hydrogen when integrated with usable heat, helping industrial sites convert renewable power + heat into hydrogen more efficiently. This supports new value chains, green steel, low-carbon ammonia/methanol, refinery hydrogen replacement, and synthetic fuels while also stimulating localized ecosystems for high-temperature components, ceramics, advanced coatings, and balance-of-plant engineering. At the same time, SOEC's industrial impact is tightly tied to operational durability and thermal management; as the IEA notes, lifetime is still a limitation compared with more mature electrolyzer types, making reliability engineering and stack longevity a major determinant of total cost of hydrogen for real-world deployments.

Market Segmentation:

Segmentation 1: by Application

  • Refining Industry
  • Power and Energy Sector
  • Ammonia Production
  • Methanol Production
  • Transportation/Mobility
  • Others

Refining Industry Segment to Dominate Solid Oxide Electrolyzer Cell (SOEC) Market (by Application)

In the solid oxide electrolyzer cell (SOEC) market, the refining industry segment is expected to dominate by application, driven by the industry's increasing focus on sustainability and reducing carbon emissions. The refining industry represents a significant application segment within the global solid oxide electrolyzer cell (SOEC) market, using SOEC technology for hydrogen generation required in refining processes. Growth in this segment has been driven by increasing demand for low?carbon hydrogen to comply with stricter environmental regulations in refining operations. Additionally, the shift toward cleaner fuel production and the decarbonization of industrial processes accelerate the adoption of SOEC systems in the refining sector. As demand for sustainable hydrogen rises, the refining industry application strengthens the overall expansion of the global SOEC market by driving the deployment of electrolyzer systems. Continued focus on environmental compliance and cleaner energy transitions in refineries is expected to boost this segment's growth further.

Segmentation 2: by Product Type

  • Planar
  • Tubular
  • Others

Planar Segment to Dominate Solid Oxide Electrolyzer Cell (SOEC) Market (by Product Type)

Planar segment is expected to dominate the solid oxide electrolyzer cell (SOEC) market by type. The planar type is a key segment within the global solid oxide electrolyzer cell (SOEC) market, characterized by its efficient design and high-performance capabilities. The growth of this segment has been driven by advancements in material science and manufacturing techniques, which enable higher efficiency and lower production costs. Additionally, the increasing demand for clean hydrogen production and the shift toward sustainable energy sources are accelerating the adoption of planar SOEC systems. This segment's growth positively impacts the overall market, as it contributes to the scaling up of hydrogen production technologies, further driving the expansion of the global SOEC market. Factors such as government support for green technologies and rising investments in clean energy infrastructure are expected to sustain this growth trajectory.

Segmentation 3: by Region

  • North America: U.S., Canada, and Mexico
  • Europe: Germany, France, U.K., Italy, and Rest-of-Europe
  • Asia-Pacific: China, Japan, India, South Korea, and Rest-of-Asia-Pacific
  • Rest-of-the-World: South America and the Middle East and Africa

Currently, Europe is expected to lead the solid oxide electrolyzer cell (SOEC) market because it combines the strongest "policy pull" with large industrial decarbonization demand and targeted funding that accelerates electrolyzer scale-up. At the EU level, REPowerEU sets a clear demand signal for renewable hydrogen; 10 million tons were produced domestically and 10 million tons imported by 2030, which directly supports deployment of advanced electrolyzer technologies, including high-temperature SOEC systems suited to industrial hubs.

Recent Developments in Solid Oxide Electrolyzer Cell (SOEC) Market

  • In April 2024, Topsoe revealed that it intends to establish a large-scale solid oxide electrolyzer cell (SOEC) manufacturing facility in Chesterfield, Virginia. The planned plant is designed to localize SOEC production in the U.S. and support the growing demand for clean-hydrogen applications, particularly downstream products such as e-ammonia and e-methanol.
  • In October 2025, the MultiPLHY project achieved a major milestone at Neste's Rotterdam refinery by commissioning what is recognized as the world's largest solid-oxide electrolyzer operating within an industrial environment, with Sunfire contributing the technology and Neste publicly confirming the start-up.
  • In January 2025, Sunfire announced a significant financing milestone, securing a $234.5 million guaranteed funding package structured and led by a consortium of banks.

Demand - Drivers, Limitations, and Opportunities

Market Demand Drivers: Superior Efficiency and Performance Advantages over PEM and Alkaline Electrolyzers

The solid oxide electrolyzer cell (SOEC) market has been witnessing strong momentum due to its distinct efficiency advantages compared to PEM and alkaline technologies. According to the IEA's 2024 hydrogen outlook, electricity remains the dominant cost driver in clean hydrogen production, making high-efficiency electrolysis technologies increasingly attractive. SOEC systems, which operate at elevated temperatures using steam rather than liquid water, require significantly less electrical input. FuelCell Energy's 2024 demonstrations showcased efficiencies approaching 90% (HHV) when operating solely on electricity and up to 100% when integrated with industrial or nuclear heat sources. In comparison, PEM and alkaline electrolyzers typically operate at 60-70% efficiency, making SOEC an appealing option for markets where electricity prices directly dictate hydrogen cost competitiveness. Industry deployments between 2023 and 2025 further highlight this shift. Bloom Energy's 2024 SOEC units delivered record-low electricity consumption of ~37-39 kWh/kg of hydrogen in industrial pilots, outperforming competing electrolyzer types under similar conditions. CATF's 2023 technology assessment emphasized that SOEC maturity has been underestimated, with many manufacturers leveraging decades of SOFC manufacturing experience. This performance advantage is important in the context of the IEA's updated Net Zero Scenario 2024, which reduced near-term clean hydrogen demand projections but reinforced the need for highly efficient electrolyzers to achieve long-term cost and emissions targets. These characteristics make SOECs particularly compelling for regions aiming to optimize hydrogen production under strict carbon-intensity thresholds.

As global hydrogen markets expand, SOEC's efficiency edge plays a critical role in lowering levelized hydrogen costs and enabling competitiveness in emerging Power-to-X value chains. The EU's Renewable Hydrogen definition under RED III, which emphasizes low-carbon intensity, incentivizes electrolyzer technologies that minimize electricity use. Similarly, U.S. projects under the DOE's Hydrogen Hubs initiative 2023-2024 have begun incorporating SOEC pilots precisely due to their higher electrical efficiency. These examples underscore SOEC's strategic positioning within the broader green hydrogen market, where performance advantages directly translate to economic benefits.

Market Challenges: High Operating Temperatures and Durability Challenges

SOEC systems operate at 700-900°C, which introduces engineering, materials, and operational challenges that remain more pronounced than in PEM or alkaline electrolyzers. According to Fraunhofer IKTS' 2024 degradation studies, these elevated temperatures lead to several degradation pathways, including chromium volatilization from interconnects, seal cracking, electrode delamination, and thermal cycling fatigue. These challenges are inherent to ceramic-based technologies and demand extremely precise manufacturing control, robust thermal management systems, and consistent operating environments, factors that increase design complexity and limit flexibility for frequent startups and shutdowns.

Compared with PEM and alkaline systems, which typically operate at 60-80°C and 60-90°C, respectively, SOECs are more sensitive to load changes and cannot cycle as aggressively to follow renewable electricity variations without accelerated degradation. This makes SOEC better suited to baseload or semi-continuous operation, especially in settings where waste heat is available. CATF's 2023 comparative assessment highlights that while SOEC has unmatched efficiency potential, stack lifetimes still require improvement to consistently exceed 20,000-30,000 operational hours under real-world industrial conditions. Until these durability thresholds reach the 60,000-80,000-hour expectations witnessed in mature fuel cell markets, some end users, particularly risk-averse industrial operators, may favor established low-temperature technologies.

Thermal integration requirements add complexity to EPC delivery and scale-up. Steam generation, heat recuperation, and temperature uniformity across large stack modules require advanced system engineering. Any deviation in thermal gradients can accelerate degradation, requiring expensive, specialized maintenance. This engineering overhead increases perceived project risk and can affect financing terms, particularly for early commercial deployments without long-term field data. As a result, although SOEC's efficiency benefits are compelling, durability concerns remain a practical barrier to widespread industry adoption until more large-scale plants accumulate multi-year operational track records.

Market Opportunities: Co-Electrolysis for Synthetic Fuels and Chemical Production

SOEC's ability to perform co-electrolysis of H?O and CO? to produce a tailored syngas mixture represents one of the most compelling technology advantages in the emerging Power-to-X (PtX) economy. Reports such as Delivering Sustainable Fuels 2024 and The Role of E-Fuels in Decarbonising Transport 2023 emphasize that synthetic fuels, particularly e-methanol, sustainable aviation fuel (SAF via Fischer-Tropsch), and synthetic hydrocarbons, will play a critical role in meeting aviation and maritime decarbonization mandates. Co-electrolysis eliminates the need for a standalone reverse water-gas shift (RWGS) reactor, simplifying process flows and reducing both CAPEX and OPEX, especially in large-scale e-fuel plants.

As global demand for e-fuels accelerates, SOEC becomes strategically positioned as a core enabling technology. Coastal e-methanol projects, green shipping fuel initiatives, and aviation SAF mandates in the EU and U.K. increasingly require cost-effective syngas production. The ability to fine-tune H?:CO ratios within the SOEC stack allows downstream processes, such as methanol synthesis or FT synthesis, to operate more efficiently, reducing the overall energy penalty typical of low-temperature electrolyzer pathways. This positions SOEC as a preferred choice for refining, chemical, and e-fuel developers prioritizing both high efficiency and reduced plant complexity.

How can this report add value to an organization?

Product/Innovation Strategy: An effective product and innovation strategy in the solid oxide electrolyzer cell (SOEC) market must be system-centric rather than component-centric, because value is created at the level of integrated hydrogen and e-fuel production, not at the electrolyzer stack alone. Leading players are therefore prioritizing modular, scalable SOEC platforms that can be deployed in 10-50 MW blocks and combined into 100+ MW industrial systems, aligning with how e-methanol, e-ammonia, and refinery decarbonization projects reach final investment decisions.

Growth/Marketing Strategy: Growth and marketing in the solid oxide electrolyzer cell (SOEC) market must be account-based and ecosystem-driven, reflecting the fact that demand is created by a limited number of large, capital-intensive projects rather than by high-volume transactional sales. Unlike PEM or alkaline electrolysis, SOEC adoption is typically triggered at the project concept and front-end engineering (FEED) stage, making early technical influence a primary growth lever. Successful players, therefore, focus on embedding their technology into feasibility studies, consortium bids, and industrial decarbonization roadmaps well before final investment decisions are made.

Competitive Strategy: A winning competitive strategy in the solid oxide electrolyzer cell (SOEC) market is built less on price competition and more on defensible differentiation through system performance, reliability, and integration depth. Unlike PEM and alkaline electrolysis, where scale and cost curves dominate competitive positioning, SOEC competes on its ability to deliver superior end-to-end efficiency in complex industrial environments. As a result, leading players position themselves not as equipment vendors, but as technology partners embedded in hydrogen-to-molecule value chains.

Research Methodology

Factors for Data Prediction and Modelling

  • The base currency considered for the solid oxide electrolyzer cell (SOEC) market analysis is the US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
  • Nearly all the recent developments from January 2021 to October 2024 have been considered in this research study.
  • The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
  • Where relevant information was not available, proxy indicators and extrapolation were employed.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Market Estimation and Forecast

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the solid oxide electrolyzer cell (SOEC) market.

The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes has been explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Primary Research

The primary sources involve industry experts from the solid oxide electrolyzer cell (SOEC) market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

  • validation and triangulation of all the numbers and graphs
  • validation of report segmentations and key qualitative findings
  • understanding the competitive landscape
  • validation of the numbers of various markets for the market type
  • percentage split of individual markets for geographical analysis

Secondary Research

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as the IEA Hydrogen Production & Infrastructure Projects Database, EU CORDIS.

Secondary research has been done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

  • segmentations and percentage shares
  • data for market value
  • key industry trends of the top players in the market
  • qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • quantitative data for mathematical and statistical calculations

Key Market Players and Competition Synopsis

The companies that are profiled in the solid oxide electrolyzer cell (SOEC) market have been selected based on inputs gathered from primary experts and by analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in the solid oxide electrolyzer cell (SOEC) market are:

  • Elcogen AS
  • Bloom Energy
  • Nexceris
  • FuelCell Energy, Inc.
  • OxEon Energy, Inc.
  • Sunfire SE
  • Ceres Power Holdings plc
  • Topsoe A/S
  • H2E Power
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Toshiba Energy Systems & Solutions Corporation

Companies that are not a part of the aforementioned pool have been well represented across different sections of the solid oxide electrolyzer cell (SOEC) market report (wherever applicable).

Table of Contents

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