Hydrogen Electrolyzer Market, By Type (Polymer Electrolyte Membrane Electrolyzer, Alkaline Water Ele

Published Date: | Report Code : CH1943106

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The Hydrogen Electrolyzer Market is expected to promise high growth owing to the increasing demand for electric vehicles in recent years. Increasing demand from End-Use Industries including such as chemicals, automobiles, energy, food & beverages, pharmaceutical & biotechnology, electronics, glass, and metal production & fabrication is expected to drive the growth of the market.

The process of decomposition of water into hydrogen and oxygen is known as hydrogen electrolysis. This process is mainly used for energy storage in the form of hydrogen. Hydrogen electrolyzer is used to carry out the process of hydrogen electrolysis. More than 85% of the global hydrogen is obtained from fossil fuels. It is environment-friendly, as there is no burning of fossil fuels. Hence, many small scale industries are using hydrogen electrolysis, as it is deemed as the future green fuel.

Segment Insights

Countries, such as the US, Canada, Germany, France, China, and India are some of the leading countries in the hydrogen electrolyzer market. This market in the Middle East is witnessing tremendous growth with Saudi Arabia poised to account for a significant market share.

Key players in the market are undertaking various strategies, including mergers and acquisitions to grow in the market. A new technology called the ‘anion exchange membrane’ electrolyzer is being introduced in the market replacing the PEM electrolyzer even though PEM uses precious metals, such as gold and palladium as layer filters, thus deeming the technology expensive. The AEM electrolyzer, however, is cheaper and cost-efficient.

Key Factors Impacting Market Growth:

  • A potential substitute for fossil fuels in a number of applications
  • Increased demand for electric vehicles
  • Rise in awareness regarding the use of clean energy 

Regional Analysis

On the basis of the region, the hydrogen electrolyzer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

 The Asia Pacific and the Middle East are expected to register substantial growth in the hydrogen electrolyzer market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as chemicals, automobiles, energy, food & beverages, pharmaceutical & biotechnology, electronics, glass, and metal production & fabrication. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the hydrogen electrolyzer market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the hydrogen electrolyzer market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Itm-power, Ballard Power Systems, Plug Power, Proton Power Control Pvt Ltd., Quantum Fuel Systems Technologies Worldwide Inc., HyperSolar – Technology, Kingkar technologies, and Acta S.p.A.

Market Segmentation:

By Type:

  • Polymer Electrolyte Membrane (PEM) Electrolyzer
  • Alkaline Water Electrolyzer
  • Solid Oxide Electrolyzer

By End-Use Industry:

  • Chemicals
  • Automobile
  • Energy
  • Food & Beverages
  • Pharmaceutical & Biotechnology
  • Electronics
  • Glass
  • Metal Production & Fabrication

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-Use Industry

Reasons to Buy This Report:

  • Market size estimation of the global hydrogen electrolyzer market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
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