Executive Summary
The Global Solid Oxide Electrolysis Cell (SOEC) Market was valued at USD 50.35 and the market volume stood at xx installed megawatt Million in the year 2021. SOEC development will continue well into the future even after it achieves complete marketability. While cost targets must be met, a deeper understanding of the processes involved in electrolysis will continue to result in increased performance and lifetime gains - areas where it must be validated. More crucially, as SOEC technology gains greater value-chain integration with intermittent renewable (wind, solar, etc.) energy sources, it will receive the boost it needs to scale up to its cost-competitiveness goals. Economies align their policies to favour efficient energy conversion technologies like SOECs in order to fulfil their net-zero targets.
Based on the System Type segment, the Oxygen Ion segment is expected to hold the largest share in the SOEC market in the year 2028, the use of proton-conducting electrolytes allows for efficient operation at lower temperatures, lowering thermal stress and permitting the use of less expensive stack materials and balance-of-plant components. Furthermore, protonic cells (PCFCs) resist carbon coking and are sulfur-tolerant, allowing for stable operation with a wide range of hydrocarbon fuels.
The North American region is estimated to have the maximum share in the global SOEC market followed by APAC & Europe. Also, the new emerging markets in the APAC region will witness the fastest growth rate in the forthcoming years.
Moreover, rising emphasis by governments of developed markets, such as the United States and Europe, on reducing emissions and their inclination toward a technological shift to support or, to some extent, even replace ageing electric grids, is likely to boost market in the forecast period. Additionally, increasing adaptivity by end-users like data centers, military and defense, provide ample opportunities for leading companies to invest in SOEC, thereby, driving the growth of SOEC in the forecast period.
Scope of the Report
- The report presents the analysis of SOEC market for the historical period of 2015-2020 and the forecast period of 2021-2028.
- The report analyses the SOEC Market by Value (USD Million).
- The report analyses the SOEC Market by System Type (Proton, Oxygen Ion).
- The report analyses the SOEC Market by System Type (Proton, Oxygen Ion).
- The report analyses the SOEC Market by End User- (Horeca, Educational Institutions, Hospitals, Others).
- The Global SOEC Market has been analysed by countries (United States, Canada, Brazil, United Kingdom, Germany, France, Spain, Italy, Turkey, Nordic, Russia, China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Brazil, Mexico, Argentina, GCC, South Africa, North Africa, Israel).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.
- Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Mitsubishi Power, Sunfire, Solid Power Inc., Hoganas AB, OxEon Energy, Nexcresis LLC, Toshiba Corporation, Redox Power System, FuelCell Energy Inc., Haldor Topsoe, Bloom Energy Corporation.
Key Target Audience
- SOEC Industry Vendors
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities
Table of Contents
1. Report Scope and Methodology
- 1.1 Scope of the Report
- 1.2 Research Methodology
- 1.3 Executive Summary
2. Strategic Recommendations
3. Global SOEC Market: Product Overview
4. Global SOEC Market: Value Chain Analysis
5. Global SOEC Market: Investment Landscape
6. Global SOEC Market: Regulatory Analysis
7. Global SOEC Market: Average Price Analysis
8. Global SOEC Market: An Analysis
- 8.1 Market Size, By Value, 2017-2027
- 8.2 Market Size, By Volume, 2017-2027
- 8.3 Impact of COVID-19 on Global SOEC Market
9. Global SOEC Market: Segment Analysis
- 9.1 Global SOEC Market by System Type
- 9.2 Competitive Positioning of Global SOEC Market- By System Type
- 9.3 Global SOEC Market by System Type, by value
- 9.4 Global SOEC Market by Application
- 9.5 Competitive Positioning of Global SOEC Market- By Application
- 9.6 Global SOEC Market by Application, By value
- 9.7 Global SOEC Market by End User
- 9.8 Competitive Positioning of Global SOEC Market- By End User
- 9.9 Global SOEC Market by End User, By value
10. Global SOEC Market: Regional Analysis
- 10.1 Competitive Positioning of Global SOEC Market- By Region
11. North America SOEC Market: An Analysis
- 11.1 North America SOEC Market- By Value
12. Europe SOEC Market: An Analysis (2017-2027)
- 12.1 Europe SOEC Market- By Value
- 12.2 Europe SOEC Market- By Volume
- 12.3 Market Segmentation By System Type (Proton, Oxygen Ion)
- 12.4 Market Segmentation By Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.5 Market Segmentation By End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.6 Europe SOEC Market: Country Analysis
- 12.7 Market Opportunity Chart of Europe SOEC Market - By Country, By Value (Year-2027)
- 12.8 Competitive Positioning of Europe SOEC Market- By Country
- 12.9 United Kingdom SOEC Market: Size and Forecast (2017-2027)
- 12.10 United Kingdom SOEC Market by System Type (Proton, Oxygen Ion)
- 12.11 United Kingdom SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.12 United Kingdom SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.13 Germany SOEC Market: Size and Forecast (2017-2027)
- 12.14 Germany SOEC Market by System Type (Proton, Oxygen Ion)
- 12.15 Germany SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.16 Germany SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.17 Spain SOEC Market: Size and Forecast (2017-2027)
- 12.18 Spain SOEC Market by System Type (Proton, Oxygen Ion)
- 12.19 Spain SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.20 Spain SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.21 Italy SOEC Market: Size and Forecast (2017-2027)
- 12.21 Italy SOEC Market by System Type (Proton, Oxygen Ion)
- 12.22 Italy SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.23 Italy SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.24 France SOEC Market: Size and Forecast (2017-2027)
- 12.25 France SOEC Market by System Type (Proton, Oxygen Ion)
- 12.26 France SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.27 France SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.28 Nordic SOEC Market: Size and Forecast (2017-2027)
- 12.29 Nordic SOEC Market by System Type (Proton, Oxygen Ion)
- 12.30 Nordic SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.31 Nordic SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.32 Turkey SOEC Market: Size and Forecast (2017-2027)
- 12.33 Turkey SOEC Market by System Type (Proton, Oxygen Ion)
- 12.34 Turkey SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.35 Turkey SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 12.36 Russia SOEC Market: Size and Forecast (2017-2027)
- 12.37 Russia SOEC Market by System Type (Proton, Oxygen Ion)
- 12.38 Russia SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 12.39 Russia SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
13. APAC SOEC Market: An Analysis (2017-2027)
- 13.1 APAC SOEC Market- By Value
- 13.2 APAC SOEC Market- By Volume
- 13.3 Market Segmentation By System Type (Proton, Oxygen Ion)
- 13.4 Market Segmentation By Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.5 Market Segmentation By End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.6 APAC SOEC Market: Country Analysis
- 13.7 Market Opportunity Chart of APAC SOEC Market - By Country, By Value (Year-2027)
- 13.8 Competitive Positioning of APAC SOEC Market- By Country
- 13.9 China SOEC Market: Size and Forecast (2017-2027)
- 13.10 China SOEC Market by System Type (Proton, Oxygen Ion)
- 13.11 China SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.12 China SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.13 Japan SOEC Market: Size and Forecast (2017-2027)
- 13.14 Japan SOEC Market by System Type (Proton, Oxygen Ion)
- 13.15 Japan SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.16 Japan SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.17 India SOEC Market: Size and Forecast (2017-2027)
- 13.18 India SOEC Market by System Type (Proton, Oxygen Ion)
- 13.19 India SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.20 India SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.21 South Korea SOEC Market: Size and Forecast (2017-2027)
- 13.22 South Korea SOEC Market by System Type (Proton, Oxygen Ion)
- 13.23 South Korea SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.24 South Korea SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.25 Singapore SOEC Market: Size and Forecast (2017-2027)
- 13.26 Singapore SOEC Market by System Type (Proton, Oxygen Ion)
- 13.27 Singapore SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.28 Singapore SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.29 Australia SOEC Market: Size and Forecast (2017-2027)
- 13.30 Australia SOEC Market by System Type (Proton, Oxygen Ion)
- 13.31 Australia SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.32 Australia SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.33 Indonesia SOEC Market: Size and Forecast (2017-2027)
- 13.34 Indonesia SOEC Market by System Type (Proton, Oxygen Ion)
- 13.35 Indonesia SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.36 Indonesia SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 13.37 Malaysia SOEC Market: Size and Forecast (2015-2028)
- 13.38 Malaysia SOEC Market by System Type (Proton, Oxygen Ion)
- 13.39 Malaysia SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 13.40 Malaysia SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
14. LATAM SOEC Market: An Analysis (2017-2027)
- 14.1 LATAM SOEC Market- By Value
- 14.2 LATAM SOEC Market- By Volume
- 14.3 Market Segmentation By System Type (Proton, Oxygen Ion)
- 14.4 Market Segmentation By Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 14.5 Market Segmentation By End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 14.6 LATAM SOEC Market: Country Analysis
- 14.7 Market Opportunity Chart of LATAM SOEC Market - By Country, By Value (Year-2021, 2028)
- 14.8 Competitive Positioning of LATAM SOEC Market- By Country
- 14.9 Brazil SOEC Market: Size and Forecast (2017-2027)
- 14.10 Brazil SOEC Market by System Type (Proton, Oxygen Ion)
- 14.11 Brazil SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 14.12 Brazil SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 14.13 Mexico SOEC Market: Size and Forecast (2017-2027)
- 14.14 Mexico SOEC Market by System Type (Proton, Oxygen Ion)
- 14.15 Mexico SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 14.16 Mexico SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 14.17 Argentina SOEC Market: Size and Forecast (2017-2027)
- 14.18 Argentina SOEC Market by System Type (Proton, Oxygen Ion)
- 14.19 Argentina SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 14.20 Argentina SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
15. MEA SOEC Market: An Analysis (2017-2027)
- 15.1 MEA SOEC Market- By Value
- 15.2 MEA SOEC Market- By Volume
- 15.3 Market Segmentation By System Type (Proton, Oxygen Ion)
- 15.4 Market Segmentation By Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 15.5 Market Segmentation By End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 15.6 MEA SOEC Market: Country Analysis
- 15.7 Market Opportunity Chart of MEA SOEC Market - By Country, By Value (Year-2027)
- 15.8 Competitive Positioning of MEA SOEC Market- By Country
- 15.9 GCC SOEC Market: Size and Forecast (2017-2027)
- 15.10 GCC SOEC Market by System Type (Proton, Oxygen Ion)
- 15.11 GCC SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 15.12 GCC SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 15.13 South Africa SOEC Market: Size and Forecast (2017-2027)
- 15.14 South Africa SOEC Market by System Type (Proton, Oxygen Ion)
- 15.15 South Africa SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 15.16 South Africa SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 15.17 Israel SOEC Market: Size and Forecast (2017-2027)
- 15.18 Israel SOEC Market by System Type (Proton, Oxygen Ion)
- 15.19 Israel SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 15.20 Israel SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
- 15.21 North Africa SOEC Market: Size and Forecast (2017-2027)
- 15.22 North Africa SOEC Market by System Type (Proton, Oxygen Ion)
- 15.23 North Africa SOEC Market by Application (Steel Plant, Industrial Gases, Power Plants, Photovoltaics & Electronics)
- 15.24 North Africa SOEC Market by End User (Residential, Transportation, Commercial, Industrial, Military & Defense, Others)
16. Global SOEC Market Dynamics
- 16.1 Global SOEC Market Drivers
- 16.2 Global SOEC Market Restraints
- 16.3 Global SOEC Market Trends
17. Market Attractiveness and Strategic Analysis
- 17.1 Market Attractiveness Chart of Global SOEC - By System Type (2028)
- 17.2 Market Attractiveness Chart of Global SOEC - By Application (2028)
- 17.3 Market Attractiveness Chart of Global SOEC - By End User (2027)
- 17.4 Market Attractiveness Chart of Global SOEC - By Region (2027)
18. Competitive Landscape
- 18.1 Market Share of global leading companies
- 18.2 Porter Five Forces Analysis-Global SOEC Market
19. Company Profiles (Business Description, Financial Analysis, Business Strategy)
- 19.1 Mitsubishi Power
- 19.2 Toshiba Corporation
- 19.3 FuelCell Energy Inc.
- 19.4 Bloom Energy Corporation
- 19.5 Haldor Topsoe
- 19.6 Sunfire
- 19.7 Hoganas AB
- 19.8 OxEon Energy
- 19.9 Necresis LLC
- 19.10 Redox Power System