SOEC Market Trends：the global market size is projected to reach USD 1.74 billion by 2030

According to the new market research report “SOEC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global SOEC market size is projected to reach USD 1.74 billion by 2030, at a CAGR of 6.0% during the forecast period.

• Global SOEC MarketSize(US$ Million), 2019-2030

Source: QYResearch, "SOEC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global SOEC Top7Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "SOEC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of SOEC include Sunfire GmbH, Topsoe, Bloom Energy, OxEon Energy, FuelCell Energy, Ceres, Egen Energy, , , , etc. In 2023, the global top five players had a share approximately 5.0% in terms of revenue.

Market Drivers:

D1: The political effort to increase hydrogen production includes supporting research and innovation projects, scaling up and decarbonizing existing hydrogen production facilities, expanding logistics infrastructure, and establishing larger-scale storage facilities. Europe is expected to achieve climate neutrality in 2050, which is why a continent-wide hydrogen network is planned. The SOEC system is the central element in which water is split into hydrogen and oxygen using electricity.

D2: Economies align their policies to favour efficient energy conversion technologies like SOECs in order to fulfil their net-zero targets.

D3: 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.

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