The global demand for Electrolyzer Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Electrolyzers are electric devices that are used for hydrogen production based on the principle of electrolysis. Electrolyzers come in a range of sizes, from small, appliance-size equipment to massive equipment used in large-scale, central production facilities, mainly dependent on the volume of hydrogen produced. Electrolyzers are very efficient since they can make very pure hydrogen on-site and are cost-effective. These devices can be incorporated into unique stationery, portable, and transportation power systems or tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production. There are many ways to build and configure an electrolyzer, and different electrolytes are used in applications like fuel cell-powered vehicles and portable electronics.
The rapid development of hydrogen infrastructure and increased use as an industrial feedstock will be the key trends stimulating this market’s growth. The growing preference for fuel-cell electric vehicles to improve vehicle efficiency and reduce vehicles’ environmental impact will boost market growth. The integration of electrolyzers with a renewable energy system to create unique opportunities for providing power in the future will be a market booster. Intensive research to manufacture low-cost electrolyzers with increased efficiency, operating life, power density, and stack size will be beneficial to market growth. The use of electrolyzers for backup power applications in telecommunications, IT, manufacturing processes, security systems, utility substations, and railways will further propel market growth. The main restraints hampering market growth are high electric consumption and chances of gas crossover.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electrolyzer.
The entire electrolyzer market has been sub-categorized into product, capacity and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Alkaline Electrolyzer
- PEM Electrolyzer
- Solid Oxide Electrolyzer
- Power Generation
- Industry Energy
- Industry Feedstock
- Building Heat & Power
This section covers regional segmentation which accentuates on current and future demand for electrolyzer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Electrolyzer Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electrolyzer market include Hydrogenics, Nel, Proton Onsite, Siemens, Toshiba, Air Liquide, Plug Power, McPhy Energy, ITM Power, Idroenergy, Asahi Kasei, Kobelco Eco-solutions, Erredue, Green Hydrogen, Areva H2Gen, IHT, Next Hydrogen, Acta. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.