
The global SOFC and SOEC market size is predicted to grow from US$ 2615 million in 2025 to US$ 13010 million in 2031; it is expected to grow at a CAGR of 30.7% from 2025 to 2031.
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.
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%
The “SOFC and SOEC Industry Forecast” looks at past sales and reviews total world SOFC and SOEC sales in 2024, providing a comprehensive analysis by region and market sector of projected SOFC and SOEC sales for 2025 through 2031. 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 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 Seiki
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon 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 - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global SOFC and SOEC Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for SOFC and SOEC by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for SOFC and SOEC by Country/Region, 2020, 2024 & 2031
2.2 SOFC and SOEC Segment by Type
2.2.1 Planar
2.2.2 Tubular
2.2.3 Others
2.3 SOFC and SOEC Sales by Type
2.3.1 Global SOFC and SOEC Sales Market Share by Type (2020-2025)
2.3.2 Global SOFC and SOEC Revenue and Market Share by Type (2020-2025)
2.3.3 Global SOFC and SOEC Sale Price by Type (2020-2025)
2.4 SOFC and SOEC Segment by Application
2.4.1 Stationary
2.4.2 Transportation
2.4.3 Portable & Military
2.5 SOFC and SOEC Sales by Application
2.5.1 Global SOFC and SOEC Sale Market Share by Application (2020-2025)
2.5.2 Global SOFC and SOEC Revenue and Market Share by Application (2020-2025)
2.5.3 Global SOFC and SOEC Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global SOFC and SOEC Breakdown Data by Company
3.1.1 Global SOFC and SOEC Annual Sales by Company (2020-2025)
3.1.2 Global SOFC and SOEC Sales Market Share by Company (2020-2025)
3.2 Global SOFC and SOEC Annual Revenue by Company (2020-2025)
3.2.1 Global SOFC and SOEC Revenue by Company (2020-2025)
3.2.2 Global SOFC and SOEC Revenue Market Share by Company (2020-2025)
3.3 Global SOFC and SOEC Sale Price by Company
3.4 Key Manufacturers SOFC and SOEC Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers SOFC and SOEC Product Location Distribution
3.4.2 Players SOFC and SOEC Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for SOFC and SOEC by Geographic Region
4.1 World Historic SOFC and SOEC Market Size by Geographic Region (2020-2025)
4.1.1 Global SOFC and SOEC Annual Sales by Geographic Region (2020-2025)
4.1.2 Global SOFC and SOEC Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic SOFC and SOEC Market Size by Country/Region (2020-2025)
4.2.1 Global SOFC and SOEC Annual Sales by Country/Region (2020-2025)
4.2.2 Global SOFC and SOEC Annual Revenue by Country/Region (2020-2025)
4.3 Americas SOFC and SOEC Sales Growth
4.4 APAC SOFC and SOEC Sales Growth
4.5 Europe SOFC and SOEC Sales Growth
4.6 Middle East & Africa SOFC and SOEC Sales Growth
5 Americas
5.1 Americas SOFC and SOEC Sales by Country
5.1.1 Americas SOFC and SOEC Sales by Country (2020-2025)
5.1.2 Americas SOFC and SOEC Revenue by Country (2020-2025)
5.2 Americas SOFC and SOEC Sales by Type (2020-2025)
5.3 Americas SOFC and SOEC Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC SOFC and SOEC Sales by Region
6.1.1 APAC SOFC and SOEC Sales by Region (2020-2025)
6.1.2 APAC SOFC and SOEC Revenue by Region (2020-2025)
6.2 APAC SOFC and SOEC Sales by Type (2020-2025)
6.3 APAC SOFC and SOEC Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe SOFC and SOEC by Country
7.1.1 Europe SOFC and SOEC Sales by Country (2020-2025)
7.1.2 Europe SOFC and SOEC Revenue by Country (2020-2025)
7.2 Europe SOFC and SOEC Sales by Type (2020-2025)
7.3 Europe SOFC and SOEC Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa SOFC and SOEC by Country
8.1.1 Middle East & Africa SOFC and SOEC Sales by Country (2020-2025)
8.1.2 Middle East & Africa SOFC and SOEC Revenue by Country (2020-2025)
8.2 Middle East & Africa SOFC and SOEC Sales by Type (2020-2025)
8.3 Middle East & Africa SOFC and SOEC Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of SOFC and SOEC
10.3 Manufacturing Process Analysis of SOFC and SOEC
10.4 Industry Chain Structure of SOFC and SOEC
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 SOFC and SOEC Distributors
11.3 SOFC and SOEC Customer
12 World Forecast Review for SOFC and SOEC by Geographic Region
12.1 Global SOFC and SOEC Market Size Forecast by Region
12.1.1 Global SOFC and SOEC Forecast by Region (2026-2031)
12.1.2 Global SOFC and SOEC Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global SOFC and SOEC Forecast by Type (2026-2031)
12.7 Global SOFC and SOEC Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Bloom Energy
13.1.1 Bloom Energy Company Information
13.1.2 Bloom Energy SOFC and SOEC Product Portfolios and Specifications
13.1.3 Bloom Energy SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Bloom Energy Main Business Overview
13.1.5 Bloom Energy Latest Developments
13.2 Aisin Seiki
13.2.1 Aisin Seiki Company Information
13.2.2 Aisin Seiki SOFC and SOEC Product Portfolios and Specifications
13.2.3 Aisin Seiki SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Aisin Seiki Main Business Overview
13.2.5 Aisin Seiki Latest Developments
13.3 Mitsubishi Power
13.3.1 Mitsubishi Power Company Information
13.3.2 Mitsubishi Power SOFC and SOEC Product Portfolios and Specifications
13.3.3 Mitsubishi Power SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Mitsubishi Power Main Business Overview
13.3.5 Mitsubishi Power Latest Developments
13.4 Ceres
13.4.1 Ceres Company Information
13.4.2 Ceres SOFC and SOEC Product Portfolios and Specifications
13.4.3 Ceres SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Ceres Main Business Overview
13.4.5 Ceres Latest Developments
13.5 SolydEra
13.5.1 SolydEra Company Information
13.5.2 SolydEra SOFC and SOEC Product Portfolios and Specifications
13.5.3 SolydEra SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 SolydEra Main Business Overview
13.5.5 SolydEra Latest Developments
13.6 Sunfire GmbH
13.6.1 Sunfire GmbH Company Information
13.6.2 Sunfire GmbH SOFC and SOEC Product Portfolios and Specifications
13.6.3 Sunfire GmbH SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Sunfire GmbH Main Business Overview
13.6.5 Sunfire GmbH Latest Developments
13.7 Convion
13.7.1 Convion Company Information
13.7.2 Convion SOFC and SOEC Product Portfolios and Specifications
13.7.3 Convion SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Convion Main Business Overview
13.7.5 Convion Latest Developments
13.8 Special Power Sources (SPS)
13.8.1 Special Power Sources (SPS) Company Information
13.8.2 Special Power Sources (SPS) SOFC and SOEC Product Portfolios and Specifications
13.8.3 Special Power Sources (SPS) SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Special Power Sources (SPS) Main Business Overview
13.8.5 Special Power Sources (SPS) Latest Developments
13.9 Topsoe
13.9.1 Topsoe Company Information
13.9.2 Topsoe SOFC and SOEC Product Portfolios and Specifications
13.9.3 Topsoe SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Topsoe Main Business Overview
13.9.5 Topsoe Latest Developments
13.10 Redox Power Systems
13.10.1 Redox Power Systems Company Information
13.10.2 Redox Power Systems SOFC and SOEC Product Portfolios and Specifications
13.10.3 Redox Power Systems SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Redox Power Systems Main Business Overview
13.10.5 Redox Power Systems Latest Developments
13.11 ZTEK Corporation
13.11.1 ZTEK Corporation Company Information
13.11.2 ZTEK Corporation SOFC and SOEC Product Portfolios and Specifications
13.11.3 ZTEK Corporation SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 ZTEK Corporation Main Business Overview
13.11.5 ZTEK Corporation Latest Developments
13.12 OxEon Energy
13.12.1 OxEon Energy Company Information
13.12.2 OxEon Energy SOFC and SOEC Product Portfolios and Specifications
13.12.3 OxEon Energy SOFC and SOEC Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 OxEon Energy Main Business Overview
13.12.5 OxEon Energy Latest Developments
14 Research Findings and Conclusion
*If Applicable.
