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Global SOEC Supply, Demand and Key Producers, 2023-2029

July 2023 | 98 pages | ID: GD94FD9D9C46EN
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The global SOEC market size is expected to reach $ 931.4 million by 2029, rising at a market growth of 59.8% CAGR during the forecast period (2023-2029).

The key manufacturers of solid oxide electrolyzer (SOEC) include Sunfire GmbH, Topsoe, OxEon Energy, Ceres, Elcogen, FuelCell Energy, Egen Energy, etc. Sunfire GmbH is the world's largest manufacturer with a market share of about 50%.

Europe is the biggest market, accounting for about 52%. It is followed by North America, with about 24%. The market share in Europe and China is expected to increase further.

SOEC is mainly divided into Oxygen Ion Conducting and Proton Conducting. Oxygen Ion Conducting has a dominant market share of about 95%.

SOEC is mainly used in chemicals and refineries, power plants, steel plants and other factories. It is most widely used in chemical and refineries, accounting for about 50% of all downstream industries.

A solid oxide electrolyzer cell (SOEC) is a solid oxide fuel cell that runs in regenerative mode to achieve the electrolysis of water (and/or carbon dioxide) by using a solid oxide, or ceramic, electrolyte to produce hydrogen gas (and/or carbon monoxide) and oxygen. The production of pure hydrogen is compelling because it is a clean fuel that can be stored, making it a potential alternative to batteries, methane, and other energy sources (see hydrogen economy). Electrolysis is currently the most promising method of hydrogen production from water due to high efficiency of conversion and relatively low required energy input when compared to thermochemical and photocatalytic methods.

This report studies the global SOEC demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for SOEC, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of SOEC that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global SOEC total market, 2018-2029, (USD Million)

Global SOEC total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: SOEC total market, key domestic companies and share, (USD Million)

Global SOEC revenue by player and market share 2018-2023, (USD Million)

Global SOEC total market by Type, CAGR, 2018-2029, (USD Million)

Global SOEC total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global SOEC market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sunfire GmbH, Topsoe, OxEon Energy, Ceres, Elcogen, FuelCell Energy and Egen Energy, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World SOEC market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global SOEC Market, By Region:
  • United States
  • China
  • Europe
  • Japan
  • South Korea
  • ASEAN
  • India
  • Rest of World
Global SOEC Market, Segmentation by Type
  • Oxygen Ion Conducting
  • Proton Conducting
Global SOEC Market, Segmentation by Application
  • Chemicals and Refineries
  • Power Plants
  • Steel Plant
  • Others
Companies Profiled:
  • Sunfire GmbH
  • Topsoe
  • OxEon Energy
  • Ceres
  • Elcogen
  • FuelCell Energy
  • Egen Energy
Key Questions Answered

1. How big is the global SOEC market?

2. What is the demand of the global SOEC market?

3. What is the year over year growth of the global SOEC market?

4. What is the total value of the global SOEC market?

5. Who are the major players in the global SOEC market?

6. What are the growth factors driving the market demand?
1 SUPPLY SUMMARY

1.1 SOEC Introduction
1.2 World SOEC Market Size & Forecast (2018 & 2022 & 2029)
1.3 World SOEC Total Market by Region (by Headquarter Location)
  1.3.1 World SOEC Market Size by Region (2018-2029), (by Headquarter Location)
  1.3.2 United States SOEC Market Size (2018-2029)
  1.3.3 China SOEC Market Size (2018-2029)
  1.3.4 Europe SOEC Market Size (2018-2029)
  1.3.5 Japan SOEC Market Size (2018-2029)
  1.3.6 South Korea SOEC Market Size (2018-2029)
  1.3.7 ASEAN SOEC Market Size (2018-2029)
  1.3.8 India SOEC Market Size (2018-2029)
1.4 Market Drivers, Restraints and Trends
  1.4.1 SOEC Market Drivers
  1.4.2 Factors Affecting Demand
  1.4.3 SOEC Major Market Trends
1.5 Influence of COVID-19 and Russia-Ukraine War
  1.5.1 Influence of COVID-19
  1.5.2 Influence of Russia-Ukraine War

2 DEMAND SUMMARY

2.1 World SOEC Consumption Value (2018-2029)
2.2 World SOEC Consumption Value by Region
  2.2.1 World SOEC Consumption Value by Region (2018-2023)
  2.2.2 World SOEC Consumption Value Forecast by Region (2024-2029)
2.3 United States SOEC Consumption Value (2018-2029)
2.4 China SOEC Consumption Value (2018-2029)
2.5 Europe SOEC Consumption Value (2018-2029)
2.6 Japan SOEC Consumption Value (2018-2029)
2.7 South Korea SOEC Consumption Value (2018-2029)
2.8 ASEAN SOEC Consumption Value (2018-2029)
2.9 India SOEC Consumption Value (2018-2029)

3 WORLD SOEC COMPANIES COMPETITIVE ANALYSIS

3.1 World SOEC Revenue by Player (2018-2023)
3.2 Industry Rank and Concentration Rate (CR)
  3.2.1 Global SOEC Industry Rank of Major Players
  3.2.2 Global Concentration Ratios (CR4) for SOEC in 2022
  3.2.3 Global Concentration Ratios (CR8) for SOEC in 2022
3.3 SOEC Company Evaluation Quadrant
3.4 SOEC Market: Overall Company Footprint Analysis
  3.4.1 SOEC Market: Region Footprint
  3.4.2 SOEC Market: Company Product Type Footprint
  3.4.3 SOEC Market: Company Product Application Footprint
3.5 Competitive Environment
  3.5.1 Historical Structure of the Industry
  3.5.2 Barriers of Market Entry
  3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity

4 UNITED STATES VS CHINA VS REST OF THE WORLD (BY HEADQUARTER LOCATION)

4.1 United States VS China: SOEC Revenue Comparison (by Headquarter Location)
  4.1.1 United States VS China: SOEC Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
  4.1.2 United States VS China: SOEC Revenue Market Share Comparison (2018 & 2022 & 2029)
4.2 United States Based Companies VS China Based Companies: SOEC Consumption Value Comparison
  4.2.1 United States VS China: SOEC Consumption Value Comparison (2018 & 2022 & 2029)
  4.2.2 United States VS China: SOEC Consumption Value Market Share Comparison (2018 & 2022 & 2029)
4.3 United States Based SOEC Companies and Market Share, 2018-2023
  4.3.1 United States Based SOEC Companies, Headquarters (States, Country)
  4.3.2 United States Based Companies SOEC Revenue, (2018-2023)
4.4 China Based Companies SOEC Revenue and Market Share, 2018-2023
  4.4.1 China Based SOEC Companies, Company Headquarters (Province, Country)
  4.4.2 China Based Companies SOEC Revenue, (2018-2023)
4.5 Rest of World Based SOEC Companies and Market Share, 2018-2023
  4.5.1 Rest of World Based SOEC Companies, Headquarters (States, Country)
  4.5.2 Rest of World Based Companies SOEC Revenue, (2018-2023)

5 MARKET ANALYSIS BY TYPE

5.1 World SOEC Market Size Overview by Type: 2018 VS 2022 VS 2029
5.2 Segment Introduction by Type
  5.2.1 Oxygen Ion Conducting
  5.2.2 Proton Conducting
5.3 Market Segment by Type
  5.3.1 World SOEC Market Size by Type (2018-2023)
  5.3.2 World SOEC Market Size by Type (2024-2029)
  5.3.3 World SOEC Market Size Market Share by Type (2018-2029)

6 MARKET ANALYSIS BY APPLICATION

6.1 World SOEC Market Size Overview by Application: 2018 VS 2022 VS 2029
6.2 Segment Introduction by Application
  6.2.1 Chemicals and Refineries
  6.2.2 Power Plants
  6.2.3 Steel Plant
  6.2.4 Others
  6.2.5 Others
6.3 Market Segment by Application
  6.3.1 World SOEC Market Size by Application (2018-2023)
  6.3.2 World SOEC Market Size by Application (2024-2029)
  6.3.3 World SOEC Market Size by Application (2018-2029)

7 COMPANY PROFILES

7.1 Sunfire GmbH
  7.1.1 Sunfire GmbH Details
  7.1.2 Sunfire GmbH Major Business
  7.1.3 Sunfire GmbH SOEC Product and Services
  7.1.4 Sunfire GmbH SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.1.5 Sunfire GmbH Recent Developments/Updates
  7.1.6 Sunfire GmbH Competitive Strengths & Weaknesses
7.2 Topsoe
  7.2.1 Topsoe Details
  7.2.2 Topsoe Major Business
  7.2.3 Topsoe SOEC Product and Services
  7.2.4 Topsoe SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.2.5 Topsoe Recent Developments/Updates
  7.2.6 Topsoe Competitive Strengths & Weaknesses
7.3 OxEon Energy
  7.3.1 OxEon Energy Details
  7.3.2 OxEon Energy Major Business
  7.3.3 OxEon Energy SOEC Product and Services
  7.3.4 OxEon Energy SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.3.5 OxEon Energy Recent Developments/Updates
  7.3.6 OxEon Energy Competitive Strengths & Weaknesses
7.4 Ceres
  7.4.1 Ceres Details
  7.4.2 Ceres Major Business
  7.4.3 Ceres SOEC Product and Services
  7.4.4 Ceres SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.4.5 Ceres Recent Developments/Updates
  7.4.6 Ceres Competitive Strengths & Weaknesses
7.5 Elcogen
  7.5.1 Elcogen Details
  7.5.2 Elcogen Major Business
  7.5.3 Elcogen SOEC Product and Services
  7.5.4 Elcogen SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.5.5 Elcogen Recent Developments/Updates
  7.5.6 Elcogen Competitive Strengths & Weaknesses
7.6 FuelCell Energy
  7.6.1 FuelCell Energy Details
  7.6.2 FuelCell Energy Major Business
  7.6.3 FuelCell Energy SOEC Product and Services
  7.6.4 FuelCell Energy SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.6.5 FuelCell Energy Recent Developments/Updates
  7.6.6 FuelCell Energy Competitive Strengths & Weaknesses
7.7 Egen Energy
  7.7.1 Egen Energy Details
  7.7.2 Egen Energy Major Business
  7.7.3 Egen Energy SOEC Product and Services
  7.7.4 Egen Energy SOEC Revenue, Gross Margin and Market Share (2018-2023)
  7.7.5 Egen Energy Recent Developments/Updates
  7.7.6 Egen Energy Competitive Strengths & Weaknesses

8 INDUSTRY CHAIN ANALYSIS

8.1 SOEC Industry Chain
8.2 SOEC Upstream Analysis
8.3 SOEC Midstream Analysis
8.4 SOEC Downstream Analysis

9 RESEARCH FINDINGS AND CONCLUSION

10 APPENDIX

10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer

LIST OF TABLES

Table 1. World SOEC Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
Table 2. World SOEC Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
Table 3. World SOEC Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
Table 4. World SOEC Revenue Market Share by Region (2018-2023), (by Headquarter Location)
Table 5. World SOEC Revenue Market Share by Region (2024-2029), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World SOEC Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
Table 8. World SOEC Consumption Value by Region (2018-2023) & (USD Million)
Table 9. World SOEC Consumption Value Forecast by Region (2024-2029) & (USD Million)
Table 10. World SOEC Revenue by Player (2018-2023) & (USD Million)
Table 11. Revenue Market Share of Key SOEC Players in 2022
Table 12. World SOEC Industry Rank of Major Player, Based on Revenue in 2022
Table 13. Global SOEC Company Evaluation Quadrant
Table 14. Head Office of Key SOEC Player
Table 15. SOEC Market: Company Product Type Footprint
Table 16. SOEC Market: Company Product Application Footprint
Table 17. SOEC Mergers & Acquisitions Activity
Table 18. United States VS China SOEC Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 19. United States VS China SOEC Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 20. United States Based SOEC Companies, Headquarters (States, Country)
Table 21. United States Based Companies SOEC Revenue, (2018-2023) & (USD Million)
Table 22. United States Based Companies SOEC Revenue Market Share (2018-2023)
Table 23. China Based SOEC Companies, Headquarters (Province, Country)
Table 24. China Based Companies SOEC Revenue, (2018-2023) & (USD Million)
Table 25. China Based Companies SOEC Revenue Market Share (2018-2023)
Table 26. Rest of World Based SOEC Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies SOEC Revenue, (2018-2023) & (USD Million)
Table 28. Rest of World Based Companies SOEC Revenue Market Share (2018-2023)
Table 29. World SOEC Market Size by Type, (USD Million), 2018 & 2022 & 2029
Table 30. World SOEC Market Size by Type (2018-2023) & (USD Million)
Table 31. World SOEC Market Size by Type (2024-2029) & (USD Million)
Table 32. World SOEC Market Size by Application, (USD Million), 2018 & 2022 & 2029
Table 33. World SOEC Market Size by Application (2018-2023) & (USD Million)
Table 34. World SOEC Market Size by Application (2024-2029) & (USD Million)
Table 35. Sunfire GmbH Basic Information, Area Served and Competitors
Table 36. Sunfire GmbH Major Business
Table 37. Sunfire GmbH SOEC Product and Services
Table 38. Sunfire GmbH SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 39. Sunfire GmbH Recent Developments/Updates
Table 40. Sunfire GmbH Competitive Strengths & Weaknesses
Table 41. Topsoe Basic Information, Area Served and Competitors
Table 42. Topsoe Major Business
Table 43. Topsoe SOEC Product and Services
Table 44. Topsoe SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 45. Topsoe Recent Developments/Updates
Table 46. Topsoe Competitive Strengths & Weaknesses
Table 47. OxEon Energy Basic Information, Area Served and Competitors
Table 48. OxEon Energy Major Business
Table 49. OxEon Energy SOEC Product and Services
Table 50. OxEon Energy SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 51. OxEon Energy Recent Developments/Updates
Table 52. OxEon Energy Competitive Strengths & Weaknesses
Table 53. Ceres Basic Information, Area Served and Competitors
Table 54. Ceres Major Business
Table 55. Ceres SOEC Product and Services
Table 56. Ceres SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 57. Ceres Recent Developments/Updates
Table 58. Ceres Competitive Strengths & Weaknesses
Table 59. Elcogen Basic Information, Area Served and Competitors
Table 60. Elcogen Major Business
Table 61. Elcogen SOEC Product and Services
Table 62. Elcogen SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 63. Elcogen Recent Developments/Updates
Table 64. Elcogen Competitive Strengths & Weaknesses
Table 65. FuelCell Energy Basic Information, Area Served and Competitors
Table 66. FuelCell Energy Major Business
Table 67. FuelCell Energy SOEC Product and Services
Table 68. FuelCell Energy SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 69. FuelCell Energy Recent Developments/Updates
Table 70. Egen Energy Basic Information, Area Served and Competitors
Table 71. Egen Energy Major Business
Table 72. Egen Energy SOEC Product and Services
Table 73. Egen Energy SOEC Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 74. Global Key Players of SOEC Upstream (Raw Materials)
Table 75. SOEC Typical Customers

LIST OF FIGURES

Figure 1. SOEC Picture
Figure 2. World SOEC Total Market Size: 2018 & 2022 & 2029, (USD Million)
Figure 3. World SOEC Total Market Size (2018-2029) & (USD Million)
Figure 4. World SOEC Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
Figure 5. World SOEC Revenue Market Share by Region (2018-2029), (by Headquarter Location)
Figure 6. United States Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 7. China Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 8. Europe Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 9. Japan Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 10. South Korea Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 11. ASEAN Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 12. India Based Company SOEC Revenue (2018-2029) & (USD Million)
Figure 13. SOEC Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World SOEC Consumption Value (2018-2029) & (USD Million)
Figure 16. World SOEC Consumption Value Market Share by Region (2018-2029)
Figure 17. United States SOEC Consumption Value (2018-2029) & (USD Million)
Figure 18. China SOEC Consumption Value (2018-2029) & (USD Million)
Figure 19. Europe SOEC Consumption Value (2018-2029) & (USD Million)
Figure 20. Japan SOEC Consumption Value (2018-2029) & (USD Million)
Figure 21. South Korea SOEC Consumption Value (2018-2029) & (USD Million)
Figure 22. ASEAN SOEC Consumption Value (2018-2029) & (USD Million)
Figure 23. India SOEC Consumption Value (2018-2029) & (USD Million)
Figure 24. Producer Shipments of SOEC by Player Revenue ($MM) and Market Share (%): 2022
Figure 25. Global Four-firm Concentration Ratios (CR4) for SOEC Markets in 2022
Figure 26. Global Four-firm Concentration Ratios (CR8) for SOEC Markets in 2022
Figure 27. United States VS China: SOEC Revenue Market Share Comparison (2018 & 2022 & 2029)
Figure 28. United States VS China: SOEC Consumption Value Market Share Comparison (2018 & 2022 & 2029)
Figure 29. World SOEC Market Size by Type, (USD Million), 2018 & 2022 & 2029
Figure 30. World SOEC Market Size Market Share by Type in 2022
Figure 31. Oxygen Ion Conducting
Figure 32. Proton Conducting
Figure 33. World SOEC Market Size Market Share by Type (2018-2029)
Figure 34. World SOEC Market Size by Application, (USD Million), 2018 & 2022 & 2029
Figure 35. World SOEC Market Size Market Share by Application in 2022
Figure 36. Chemicals and Refineries
Figure 37. Power Plants
Figure 38. Steel Plant
Figure 39. Others
Figure 40. SOEC Industrial Chain
Figure 41. Methodology
Figure 42. Research Process and Data Source


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