Market Research Report

SOEC Market, Global Outlook and Forecast 2023-2029

  • AMR ID : 7-11136
  • CAT ID : 10
  • Pages : 93
  • Date : Jun 2023
 

The global SOEC market was valued at US$ 35 million in 2022 and is projected to reach US$ 931.4 million by 2029, at a CAGR of 59.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 aims to provide a comprehensive presentation of the global market for 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 SOEC. This report contains market size and forecasts of SOEC in global, including the following market information:
Global SOEC Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the SOEC companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global SOEC Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global SOEC Market Segment Percentages, by Type, 2022 (%)
Oxygen Ion Conducting
Proton Conducting
Global SOEC Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global SOEC Market Segment Percentages, by Application, 2022 (%)
Chemicals and Refineries
Power Plants
Steel Plant
Others
Global SOEC Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global SOEC Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies SOEC revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies SOEC revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sunfire GmbH
Topsoe
OxEon Energy
Ceres
Elcogen
FuelCell Energy
Egen Energy
Outline of Major Chapters:
Chapter 1: Introduces the definition of SOEC, market overview.
Chapter 2: Global SOEC market size in revenue.
Chapter 3: Detailed analysis of SOEC company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of 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 of each country in the world.
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: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
1.1 SOEC Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global SOEC Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global SOEC Overall Market Size
2.1 Global SOEC Market Size: 2022 VS 2029
2.2 Global SOEC Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top SOEC Players in Global Market
3.2 Top Global SOEC Companies Ranked by Revenue
3.3 Global SOEC Revenue by Companies
3.4 Top 3 and Top 5 SOEC Companies in Global Market, by Revenue in 2022
3.5 Global Companies SOEC Product Type
3.6 Tier 1, Tier 2 and Tier 3 SOEC Players in Global Market
3.6.1 List of Global Tier 1 SOEC Companies
3.6.2 List of Global Tier 2 and Tier 3 SOEC Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global SOEC Market Size Markets, 2022 & 2029
4.1.2 Oxygen Ion Conducting
4.1.3 Proton Conducting
4.2 By Type - Global SOEC Revenue & Forecasts
4.2.1 By Type - Global SOEC Revenue, 2018-2023
4.2.2 By Type - Global SOEC Revenue, 2024-2029
4.2.3 By Type - Global SOEC Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global SOEC Market Size, 2022 & 2029
5.1.2 Chemicals and Refineries
5.1.3 Power Plants
5.1.4 Steel Plant
5.1.5 Others
5.2 By Application - Global SOEC Revenue & Forecasts
5.2.1 By Application - Global SOEC Revenue, 2018-2023
5.2.2 By Application - Global SOEC Revenue, 2024-2029
5.2.3 By Application - Global SOEC Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global SOEC Market Size, 2022 & 2029
6.2 By Region - Global SOEC Revenue & Forecasts
6.2.1 By Region - Global SOEC Revenue, 2018-2023
6.2.2 By Region - Global SOEC Revenue, 2024-2029
6.2.3 By Region - Global SOEC Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America SOEC Revenue, 2018-2029
6.3.2 US SOEC Market Size, 2018-2029
6.3.3 Canada SOEC Market Size, 2018-2029
6.3.4 Mexico SOEC Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe SOEC Revenue, 2018-2029
6.4.2 Germany SOEC Market Size, 2018-2029
6.4.3 France SOEC Market Size, 2018-2029
6.4.4 U.K. SOEC Market Size, 2018-2029
6.4.5 Italy SOEC Market Size, 2018-2029
6.4.6 Russia SOEC Market Size, 2018-2029
6.4.7 Nordic Countries SOEC Market Size, 2018-2029
6.4.8 Benelux SOEC Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia SOEC Revenue, 2018-2029
6.5.2 China SOEC Market Size, 2018-2029
6.5.3 Japan SOEC Market Size, 2018-2029
6.5.4 South Korea SOEC Market Size, 2018-2029
6.5.5 Southeast Asia SOEC Market Size, 2018-2029
6.5.6 India SOEC Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America SOEC Revenue, 2018-2029
6.6.2 Brazil SOEC Market Size, 2018-2029
6.6.3 Argentina SOEC Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa SOEC Revenue, 2018-2029
6.7.2 Turkey SOEC Market Size, 2018-2029
6.7.3 Israel SOEC Market Size, 2018-2029
6.7.4 Saudi Arabia SOEC Market Size, 2018-2029
6.7.5 UAE SOEC Market Size, 2018-2029
7 SOEC Companies Profiles
7.1 Sunfire GmbH
7.1.1 Sunfire GmbH Company Summary
7.1.2 Sunfire GmbH Business Overview
7.1.3 Sunfire GmbH SOEC Major Product Offerings
7.1.4 Sunfire GmbH SOEC Revenue in Global Market (2018-2023)
7.1.5 Sunfire GmbH Key News & Latest Developments
7.2 Topsoe
7.2.1 Topsoe Company Summary
7.2.2 Topsoe Business Overview
7.2.3 Topsoe SOEC Major Product Offerings
7.2.4 Topsoe SOEC Revenue in Global Market (2018-2023)
7.2.5 Topsoe Key News & Latest Developments
7.3 OxEon Energy
7.3.1 OxEon Energy Company Summary
7.3.2 OxEon Energy Business Overview
7.3.3 OxEon Energy SOEC Major Product Offerings
7.3.4 OxEon Energy SOEC Revenue in Global Market (2018-2023)
7.3.5 OxEon Energy Key News & Latest Developments
7.4 Ceres
7.4.1 Ceres Company Summary
7.4.2 Ceres Business Overview
7.4.3 Ceres SOEC Major Product Offerings
7.4.4 Ceres SOEC Revenue in Global Market (2018-2023)
7.4.5 Ceres Key News & Latest Developments
7.5 Elcogen
7.5.1 Elcogen Company Summary
7.5.2 Elcogen Business Overview
7.5.3 Elcogen SOEC Major Product Offerings
7.5.4 Elcogen SOEC Revenue in Global Market (2018-2023)
7.5.5 Elcogen Key News & Latest Developments
7.6 FuelCell Energy
7.6.1 FuelCell Energy Company Summary
7.6.2 FuelCell Energy Business Overview
7.6.3 FuelCell Energy SOEC Major Product Offerings
7.6.4 FuelCell Energy SOEC Revenue in Global Market (2018-2023)
7.6.5 FuelCell Energy Key News & Latest Developments
7.7 Egen Energy
7.7.1 Egen Energy Company Summary
7.7.2 Egen Energy Business Overview
7.7.3 Egen Energy SOEC Major Product Offerings
7.7.4 Egen Energy SOEC Revenue in Global Market (2018-2023)
7.7.5 Egen Energy Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

 
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Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
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