Global SOFC and SOEC Market Research Report 2025

The global SOFC and SOEC market was valued at US$ 1,613.88 million in 2024 and is anticipated to reach US$ 8,256.40 million by 2031, witnessing a CAGR of 27.75% during the forecast period 2025-2031.

North American market for SOFC and SOEC is estimated to increase from $ 979.16 million in 2024 to reach $ 4,888.27 million by 2031, at a CAGR of 27.16% during the forecast period of 2025 through 2031.

The major global manufacturers of SOFC and SOEC include Bloom Energy, Aisin Corporation, Mitsubishi Power, Ceres, SolydEra, Sunfire GmbH, Upstart Power, Convion, Special Power Sources (SPS), Egen Energy, Topsoe, Redox Power Systems and OxEon Energy, etc. in 2024, the world's top three vendors accounted for approximately 85.92% of the revenue.

This report aims to provide a comprehensive presentation of the global market for SOFC and SOEC, 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.

The SOFC and SOEC market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global SOFC and SOEC market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the SOFC and SOEC manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

• 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

Segment by Type

• Planar
• Tubular
• Others

Segment by Application

• Stationary
• Transportation
• Portable & Military

Production by Region

• North America
• Europe
• Japan
• China

Consumption by Region

• North America
• U.S.
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• China Taiwan
• Southeast Asia
• India
• Europe
• Germany
• France
• U.K.
• Italy
• Netherlands
• Rest of Europe
• Latin America, Middle East & Africa
• Mexico
• Brazil
• Turkey
• GCC Countries

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of SOFC and SOEC manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of SOFC and SOEC by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of SOFC and SOEC in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces 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 10: The main points and conclusions of the report.