The global market for SOFC and SOEC was estimated to be worth US$ 1614 million in 2024 and is forecast to a readjusted size of US$ 8256 million by 2031 with a CAGR of 27.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on SOFC and SOEC cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 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.
This report aims to provide a comprehensive presentation of the global market for SOFC and SOEC, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of SOFC and SOEC by region & country, by Type, and by Application.
The SOFC and SOEC market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SOFC and SOEC.
Market Segmentation
By Company
- Bloom Energy
- Aisin Corporation
- Mitsubishi Power
- Ceres
- SolydEra
- Sunfire GmbH
- Convion
- Special Power Sources (SPS)
- Topsoe
- Redox Power Systems
- ZTEK Corporation
- OxEon Energy
- Egen Energy
Segment by Type
Segment by Application
- Stationary
- Transportation
- Portable & Military
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, 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 2: Detailed analysis of SOFC and SOEC manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by 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 5: Sales, revenue of SOFC and SOEC in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of SOFC and SOEC in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 SOFC and SOEC Product Introduction
- 1.2 Global SOFC and SOEC Market Size Forecast
- 1.2.1 Global SOFC and SOEC Sales Value (2020-2031)
- 1.2.2 Global SOFC and SOEC Sales Volume (2020-2031)
- 1.2.3 Global SOFC and SOEC Sales Price (2020-2031)
- 1.3 SOFC and SOEC Market Trends & Drivers
- 1.3.1 SOFC and SOEC Industry Trends
- 1.3.2 SOFC and SOEC Market Drivers & Opportunity
- 1.3.3 SOFC and SOEC Market Challenges
- 1.3.4 SOFC and SOEC Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global SOFC and SOEC Players Revenue Ranking (2024)
- 2.2 Global SOFC and SOEC Revenue by Company (2020-2025)
- 2.3 Global SOFC and SOEC Players Sales Volume Ranking (2024)
- 2.4 Global SOFC and SOEC Sales Volume by Company Players (2020-2025)
- 2.5 Global SOFC and SOEC Average Price by Company (2020-2025)
- 2.6 Key Manufacturers SOFC and SOEC Manufacturing Base and Headquarters
- 2.7 Key Manufacturers SOFC and SOEC Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of SOFC and SOEC
- 2.9 SOFC and SOEC Market Competitive Analysis
- 2.9.1 SOFC and SOEC Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by SOFC and SOEC Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in SOFC and SOEC as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Planar
- 3.1.2 Tubular
- 3.1.3 Others
- 3.2 Global SOFC and SOEC Sales Value by Type
- 3.2.1 Global SOFC and SOEC Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global SOFC and SOEC Sales Value, by Type (2020-2031)
- 3.2.3 Global SOFC and SOEC Sales Value, by Type (%) (2020-2031)
- 3.3 Global SOFC and SOEC Sales Volume by Type
- 3.3.1 Global SOFC and SOEC Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global SOFC and SOEC Sales Volume, by Type (2020-2031)
- 3.3.3 Global SOFC and SOEC Sales Volume, by Type (%) (2020-2031)
- 3.4 Global SOFC and SOEC Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Stationary
- 4.1.2 Transportation
- 4.1.3 Portable & Military
- 4.2 Global SOFC and SOEC Sales Value by Application
- 4.2.1 Global SOFC and SOEC Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global SOFC and SOEC Sales Value, by Application (2020-2031)
- 4.2.3 Global SOFC and SOEC Sales Value, by Application (%) (2020-2031)
- 4.3 Global SOFC and SOEC Sales Volume by Application
- 4.3.1 Global SOFC and SOEC Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global SOFC and SOEC Sales Volume, by Application (2020-2031)
- 4.3.3 Global SOFC and SOEC Sales Volume, by Application (%) (2020-2031)
- 4.4 Global SOFC and SOEC Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global SOFC and SOEC Sales Value by Region
- 5.1.1 Global SOFC and SOEC Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global SOFC and SOEC Sales Value by Region (2020-2025)
- 5.1.3 Global SOFC and SOEC Sales Value by Region (2026-2031)
- 5.1.4 Global SOFC and SOEC Sales Value by Region (%), (2020-2031)
- 5.2 Global SOFC and SOEC Sales Volume by Region
- 5.2.1 Global SOFC and SOEC Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global SOFC and SOEC Sales Volume by Region (2020-2025)
- 5.2.3 Global SOFC and SOEC Sales Volume by Region (2026-2031)
- 5.2.4 Global SOFC and SOEC Sales Volume by Region (%), (2020-2031)
- 5.3 Global SOFC and SOEC Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America SOFC and SOEC Sales Value, 2020-2031
- 5.4.2 North America SOFC and SOEC Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe SOFC and SOEC Sales Value, 2020-2031
- 5.5.2 Europe SOFC and SOEC Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific SOFC and SOEC Sales Value, 2020-2031
- 5.6.2 Asia Pacific SOFC and SOEC Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America SOFC and SOEC Sales Value, 2020-2031
- 5.7.2 South America SOFC and SOEC Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa SOFC and SOEC Sales Value, 2020-2031
- 5.8.2 Middle East & Africa SOFC and SOEC Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions SOFC and SOEC Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions SOFC and SOEC Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions SOFC and SOEC Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions SOFC and SOEC Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States SOFC and SOEC Sales Value, 2020-2031
- 6.3.2 United States SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe SOFC and SOEC Sales Value, 2020-2031
- 6.4.2 Europe SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China SOFC and SOEC Sales Value, 2020-2031
- 6.5.2 China SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan SOFC and SOEC Sales Value, 2020-2031
- 6.6.2 Japan SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea SOFC and SOEC Sales Value, 2020-2031
- 6.7.2 South Korea SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia SOFC and SOEC Sales Value, 2020-2031
- 6.8.2 Southeast Asia SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia SOFC and SOEC Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India SOFC and SOEC Sales Value, 2020-2031
- 6.9.2 India SOFC and SOEC Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India SOFC and SOEC Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Bloom Energy
- 7.1.1 Bloom Energy Company Information
- 7.1.2 Bloom Energy Introduction and Business Overview
- 7.1.3 Bloom Energy SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Bloom Energy SOFC and SOEC Product Offerings
- 7.1.5 Bloom Energy Recent Development
- 7.2 Aisin Corporation
- 7.2.1 Aisin Corporation Company Information
- 7.2.2 Aisin Corporation Introduction and Business Overview
- 7.2.3 Aisin Corporation SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Aisin Corporation SOFC and SOEC Product Offerings
- 7.2.5 Aisin Corporation Recent Development
- 7.3 Mitsubishi Power
- 7.3.1 Mitsubishi Power Company Information
- 7.3.2 Mitsubishi Power Introduction and Business Overview
- 7.3.3 Mitsubishi Power SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Mitsubishi Power SOFC and SOEC Product Offerings
- 7.3.5 Mitsubishi Power Recent Development
- 7.4 Ceres
- 7.4.1 Ceres Company Information
- 7.4.2 Ceres Introduction and Business Overview
- 7.4.3 Ceres SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Ceres SOFC and SOEC Product Offerings
- 7.4.5 Ceres Recent Development
- 7.5 SolydEra
- 7.5.1 SolydEra Company Information
- 7.5.2 SolydEra Introduction and Business Overview
- 7.5.3 SolydEra SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 SolydEra SOFC and SOEC Product Offerings
- 7.5.5 SolydEra Recent Development
- 7.6 Sunfire GmbH
- 7.6.1 Sunfire GmbH Company Information
- 7.6.2 Sunfire GmbH Introduction and Business Overview
- 7.6.3 Sunfire GmbH SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Sunfire GmbH SOFC and SOEC Product Offerings
- 7.6.5 Sunfire GmbH Recent Development
- 7.7 Convion
- 7.7.1 Convion Company Information
- 7.7.2 Convion Introduction and Business Overview
- 7.7.3 Convion SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Convion SOFC and SOEC Product Offerings
- 7.7.5 Convion Recent Development
- 7.8 Special Power Sources (SPS)
- 7.8.1 Special Power Sources (SPS) Company Information
- 7.8.2 Special Power Sources (SPS) Introduction and Business Overview
- 7.8.3 Special Power Sources (SPS) SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Special Power Sources (SPS) SOFC and SOEC Product Offerings
- 7.8.5 Special Power Sources (SPS) Recent Development
- 7.9 Topsoe
- 7.9.1 Topsoe Company Information
- 7.9.2 Topsoe Introduction and Business Overview
- 7.9.3 Topsoe SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Topsoe SOFC and SOEC Product Offerings
- 7.9.5 Topsoe Recent Development
- 7.10 Redox Power Systems
- 7.10.1 Redox Power Systems Company Information
- 7.10.2 Redox Power Systems Introduction and Business Overview
- 7.10.3 Redox Power Systems SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Redox Power Systems SOFC and SOEC Product Offerings
- 7.10.5 Redox Power Systems Recent Development
- 7.11 ZTEK Corporation
- 7.11.1 ZTEK Corporation Company Information
- 7.11.2 ZTEK Corporation Introduction and Business Overview
- 7.11.3 ZTEK Corporation SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 ZTEK Corporation SOFC and SOEC Product Offerings
- 7.11.5 ZTEK Corporation Recent Development
- 7.12 OxEon Energy
- 7.12.1 OxEon Energy Company Information
- 7.12.2 OxEon Energy Introduction and Business Overview
- 7.12.3 OxEon Energy SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 OxEon Energy SOFC and SOEC Product Offerings
- 7.12.5 OxEon Energy Recent Development
- 7.13 Egen Energy
- 7.13.1 Egen Energy Company Information
- 7.13.2 Egen Energy Introduction and Business Overview
- 7.13.3 Egen Energy SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Egen Energy SOFC and SOEC Product Offerings
- 7.13.5 Egen Energy Recent Development
8 Industry Chain Analysis
- 8.1 SOFC and SOEC Industrial Chain
- 8.2 SOFC and SOEC Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 SOFC and SOEC Sales Model
- 8.5.2 Sales Channel
- 8.5.3 SOFC and SOEC Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer