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According to the latest market research report on the Solid Oxide Electrolysis Cell Market, published by IndustryARC, Proton Conducting SOEC is estimated to experience the fastest CAGR of 25.77% during the forecast period of 2025-2030. The demand for clean hydrogen production increases globally, Proton Conducting SOECs are becoming an attractive solution due to their efficiency, reduced energy requirements, and ability to work with renewable energy sources. This positions them as a key technology in the hydrogen economy, aligning with global goals to reduce carbon emissions and accelerate the transition to clean energy.
The Solid Oxide Electrolysis Cell Market research report is segmented By Type: Oxygen Ion Conducting SOEC, Proton Conducting SOEC; By Configuration: Tubular, Planar; By Application: Hydrogen Production, Industrial Process, Others; By End-user: Power Plants, Steel Plants, Electronics and Photovoltaics, Industrial Gases, Others; By Geography: North America, Europe, APAC, and RoW, which provides a comprehensive analysis of the global market & industry forecast (2025 - 2030).
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APAC Anticipated to Show the Fastest Growth in the Market:
Governments across APAC are introducing favorable policies, subsidies, and funding programs to promote renewable energy and hydrogen production. For instance, in April 2024, The Korea Institute of Energy Research (KIER) recently announced that a team of its scientists had developed an 8 kW solid oxide electrolysis cell (SOEC) capable of producing over 5 kg of hydrogen per day. SOEC systems typically use a solid oxide or ceramic material to generate hydrogen and oxygen. In the process, water is supplied to the cathode to separate hydrogen, which is then processed in an external separation unit. Meanwhile, hydroxide ions flow through an aqueous electrolyte to the anode, where oxygen is produced.
Solid Oxide Electrolysis Cell Market 2024-2030: Scope of the Report
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Solid Oxide Electrolysis Cell Market Report – Key Takeaways:
• Green Hydrogen Demand Worldwide
Countries globally, such as Germany, with its National Hydrogen Strategy, and Australia, with projects like the Asian Renewable Energy Hub, are driving SOEC adoption to produce efficient green hydrogen for energy and industrial use. For instance, The U.S. National Clean Hydrogen Strategy and Roadmap, which targets the production of 10 million metric tons (MMT) of clean hydrogen annually by 2030, 20 MMT by 2040, and 50 MMT by 2050, aligns closely with the growth of the Oxygen Ion Conducting (OIC) type in the Solid Oxide Electrolysis Cell (SOEC) market. OIC SOECs offer high efficiency in hydrogen production, particularly through high-temperature electrolysis, which can integrate with waste heat from industrial processes and renewable energy sources, thus reducing production costs. As the U.S. seeks to lower the cost of clean hydrogen and scale up production to meet its ambitious goals, OIC SOECs become an essential technology.
• Advancements in the Proton Conducting SOECs.
In February 2024, The U.S. Department of Energy (DOE) funded $1,070,000 to Dong Ding and Idaho National Laboratory to demonstrate Proton Conducting Solid Oxide Electrolysis Cells (P-SOECs) with specific performance goals, such as a degradation rate of ≤5 mV/khr, fuel efficiency (FE) >90%, and a current density of >1.0 A cm² at 1.3 V (with ≥50% steam and ≤600°C), is a significant step in advancing the Proton Conducting SOEC market.
• Technological Innovations
Major companies are advancing SOEC technology with improved efficiency and durability, making it more attractive for large-scale hydrogen projects globally. in April 2024, Mitsubishi Heavy Industries (MHI) initiated the operation of a 400 kW test module of its Solid Oxide Electrolysis Cell (SOEC) technology at the Takasago Hydrogen Park in Japan. This move highlights the increasing role of SOEC technology in the power plant sector. By utilizing high-efficiency SOECs for hydrogen production, MHI is contributing to the development of cleaner, more sustainable energy systems in power generation.
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Key Opportunity Analysis:
• Next-Generation Solid Oxide Technologies
SOEC technology has advanced significantly during the last 10 to 15 years. Advancements in materials science, electrolysis processes, and system design are making SOECs more efficient, durable, and cost-effective. Innovations in manufacturing processes and economies of scale are helping to reduce the costs associated with SOEC technology, making it more economically viable.
Furthermore, SOEC technology is based on scalable production methods and abundant raw materials like nickel, zirconia, and steel, rather than precious metals. Improvements in performance and durability, as well as enhanced scale-up efforts, have resulted in a hundredfold increase in gas production capacity over the last decade and the construction of the first industrially important SOEC facilities.
Some of the key developments are:
New materials and manufacturing approaches: Some SOEC start-ups have decided to redesign the method of producing the solid oxide stack. They believe that new materials and dry power pressing additive processes will allow them to create a monolithic, seal-free design with internal gas routing channels. This invention increases the operating pressure range and power density of the cell while eliminating seal and interconnect failure sources.
Novel ionically conductive materials: Advanced Ionics, an emerging startup, claims to have developed a hybrid design that transports oxygen ions between electrodes yet without a brittle ceramic membrane. This invention enables the electrolyzer to function at lower temperatures (200°C-600°C) than a traditional solid oxide. Lower operating temperatures reduce thermal stress and enhance integration with external low-temperature process heat sources.
• Partnerships and Collaborations are Opening up New Prospects in the SOEC Market.
International collaborations and partnerships are becoming essential strategies for advancing research and development, resulting in more efficient technologies. Regions such as the European Union and Asia-Pacific are placing greater emphasis on hydrogen as a sustainable energy source, creating opportunities for SOEC deployment. By pooling expertise, resources, and infrastructure, these partnerships are accelerating the development of more efficient and scalable SOEC technologies.
In September 2024, Thermax announced a strategic partnership with Ceres Power Limited, a subsidiary of Ceres Power Holdings plc, a prominent developer of clean energy technologies. The companies entered into a non-exclusive, global licensing agreement, allowing Thermax to manufacture, sell, and service stack array modules utilizing Ceres' advanced solid oxide electrolysis cell (SOEC) technology.
For instance, Elcogen and Bumhan formed a business cooperation in March 2023 for electrolyzers. According to the agreement, Elcogen will assist in the delivery of SOEC and SOFC technologies, which offer efficient solutions to emission-free energy production.
• Increasing Need for Low-carbon Hydrogen in Industrial Applications.
Steel plants and refineries are all looking for long-term alternatives to existing carbon-intensive processes to achieve decarbonization targets and regulatory requirements. SOEC technology, with its high efficiency and capacity to utilize industrial waste heat, is well-positioned to meet this demand by creating hydrogen with a lower carbon footprint.
The push for net-zero emissions has led companies to explore SOEC deployment in pilot and demonstration projects, showcasing its viability for large-scale hydrogen generation. As industrial decarbonization accelerates, the need for low-carbon hydrogen will create substantial opportunities for SOEC technology, driving market growth and innovation.
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The Report also Covers the Following Areas:
• Solid Oxide Electrolysis Cell Market Size and Forecast
• Solid Oxide Electrolysis Cell Market Trends
• Solid Oxide Electrolysis Cell Market Analysis by Type
Solid Oxide Electrolysis Cell Market 2024-2030: Key Highlights
• CAGR of the market during the forecast period 2025-2030
• Value Chain analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Solid Oxide Electrolysis Cell market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Solid Oxide Electrolysis Cell market
Covid and Ukrainian Crisis Impact:
• The COVID-19 pandemic has caused significant disruptions in global supply chains which has impacted the availability and cost of raw materials as well as the transportation of finished products. This has resulted in increased lead times, reduced production, and higher costs. Additionally, the pandemic has caused delays in investment in new capacity and infrastructure which could impact the long-term supply and demand dynamics in the Market.
• The Ukraine and Russia conflict led to an increase in prices and a reduction in production which further led to a shortage of solid oxide electrolysis cells. Many companies have shut business in Russia; temporarily shutting down their plants in Ukraine. Additionally, the crisis in Ukraine has also led to a reduction in investments in the solid oxide electrolysis cell market as companies are hesitant to invest in a region that is facing political and economic instability. This could impact the long-term supply and demand dynamics of the Market.
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List of Top Companies in the Solid Oxide Electrolysis Cell Market:
In 2024, the market of solid oxide electrolysis cell market is highly concentrated as the majority share is held by the leading solid oxide electrolysis cell providers The key companies profiled are listed below:
1. Cummins Inc.
2. Plug Power Inc
3. Bloom Energy
4. AFC Energy
5. Toshiba Corporation
6. Doosan Fuel Cell Co., Ltd.
7. Mitsubishi Heavy Industries
8. Panasonic Corporation
9. Freudenberg Sealing Technologies
10. Johnson Matthey
11. ElringKlinger AG
12. Hensel Recycling Group
13. Dayco IP Holdings, LLC
14. Elcogen AS
15. Plug Power Inc.
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