Global SOFC and SOEC Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global SOFC and SOEC Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

The Solid Oxide Fuel Cell (SOFC) is an all-solid chemical power generation device that directly converts the chemical energy stored in the fuel and oxidizer into electrical energy at medium and high temperature in an efficient and environmentally friendly manner. The SOFC is a type of fuel cell, which is characterized by the use of solid oxide materials as the electrolyte. SOFC uses a solid oxide electrolyte to conduct negative oxygen ions from the cathode to the anode.

The Solid Oxide Electrolyzer Cell (SOEC) is a solid oxide fuel cell that operates in the reverse direction. In the electrolysis mode, under the applied voltage and high temperature, it electrolyzes H2O to produce H2 and O2, and realizes the conversion of electrical and thermal energy into chemical energy.

According to our (Global Info Research) latest study, the global SOFC and SOEC market size was valued at US$ 1666 million in 2023 and is forecast to a readjusted size of USD 9948 million by 2030 with a CAGR of 28.9% during review period.

The world's major SOFC and SOEC manufacturers include Bloom Energy, Aisin Seiki, Mitsubishi Power, etc. The top three manufacturers account for approximately 87% of the global share. North America is the world's largest market, accounting for approximately 64% of the market. The second and third places are Japan and Europe, accounting for 27% and 7% respectively.

In terms of product, planar type is the largest market segment, with a market share of approximately 82%. In terms of application, the largest application is stationary, accounting for about 79%

This report is a detailed and comprehensive analysis for global SOFC and SOEC market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global SOFC and SOEC market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2019-2030

Global SOFC and SOEC market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2019-2030

Global SOFC and SOEC market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2019-2030

Global SOFC and SOEC market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/KW), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for SOFC and SOEC

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global SOFC and SOEC market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bloom Energy, Aisin Seiki, Mitsubishi Power, Ceres, SolydEra, Sunfire GmbH, Convion, Special Power Sources (SPS), Topsoe, Redox Power Systems, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

SOFC and SOEC market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Planar
Tubular
Others

Market segment by Application
Stationary
Transportation
Portable & Military

Major players covered
Bloom Energy
Aisin Seiki
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon Energy

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe SOFC and SOEC product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of SOFC and SOEC, with price, sales quantity, revenue, and global market share of SOFC and SOEC from 2019 to 2024.

Chapter 3, the SOFC and SOEC competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the SOFC and SOEC breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and SOFC and SOEC market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of SOFC and SOEC.

Chapter 14 and 15, to describe SOFC and SOEC sales channel, distributors, customers, research findings and conclusion.