Electrolyzer Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: CSIC, Teledyne Energy Systems, Hydrogenics, Nel Hydrogen

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electrolyzer Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.3% during the review period (2022 to 2027).

Electrolyzer Market Overview:

Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.

The power plants segment held a main share of the market in previous year.  Electrolyzers are principally used for the production of hydrogen with the help of electrolysis of water. They are extensively used in the automotive industry for fuel cell electric vehicles as hydrogen can store large amounts of energy and release it when needed for industrial use.The industrial gases segment is expected to experience substantial growth as electrolyzers decrease the average carbon intensity of crucial energy over time. Hydrogen is a clean energy fuel and is expected to reduce oil dependence in the long term, thereby reducing the emission of greenhouse gases and other pollutants.In steel plants, these devices are used for fossil-free steelmaking via the direct reduction of iron ore. Hydrogen production via low or high-temperature electrolysis is considered for the production of carbon-free direct reduced iron. The growing global population and expanding urbanization are expected to trigger a rise in the global steel demand.

Who are the Major Players in Electrolyzer Market?

The Electrolyzer Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: Proton On-Site, 718th Research Institute of CSIC, Teledyne Energy Systems, Hydrogenics, Nel Hydrogen, Suzhou Jingli, Beijing Zhongdian, McPhy Energy S.A. (Paris:MCPHY.PA), Siemens Energy AG (XETRA:ENR.DE), TianJin Mainland, Areva H2gen, Shandong Saksay Hydrogen Energy, Yangzhou Chungdean Hydrogen Equipment, Asahi Kasei, Idroenergy Spa, Erredue SpA, ShaanXi HuaQin, Kobelco Eco-Solutions, ELB Elektrolysetechnik GmbH, ITM Power, Toshiba and Others.

Recent Developments:

Teledyne Energy Systems Provides Autonomous Fuel Cell Electric Power at Great Ocean Depths

Hunt Valley, MD-January 24, 2022- Teledyne's Subsea Supercharger® successfully completed validation testing at the Norwegian Center for Offshore Education, Tau Autonomy Center in Tau, Norway. The Subsea Supercharger® is a hydrogen and oxygen fuel cell electric power source designed to operate on the ocean floor with no connection to the surface. The Subsea Supercharger® is inherently load following and provides power on demand. Unlike a battery source, the Subsea Supercharger® can operate at full capacity in harsh and even arctic environments.

June 2020 - Plug Power Inc. acquired United Hydrogen Group Inc. and Giner ELX. United Hydrogen Group is engaged in hydrogen production in North America, whereas Giner ELX is engaged in hydrogen generation, liquefaction, and distribution logistics. The acquisition is likely to strengthen Plug Power’s position in North America.

What are the major Applications, Types, and Regions of the Electrolyzer Market?

By Type, it is segmented into

• Traditional Alkaline Electroliser


• PEM Electrolyser


• Others

By Applications, it is segmented into

• Power Plants


• Steel Plant


• Electronics and Photovoltaics


• Industrial Gases


• Energy Storage or Fueling for FCEV's


• Power to Gas


• Others

Electrolyzer Market Regional Analysis

By region, the electrolyzer market analysis is done across North America, Europe, Asia-Pacific, and LAMEA. The Europe region dominated the market share for 2019, owing to several initiatives from the European government for encouraging decarbonization. However, Asia-Pacific is expected to witness the fastest growth during the forecast period, owing to increased electric vehicle market in China, Japan, South Korea, and India markets.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Electrolyzer Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electrolyzer Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Electrolyzer Market Report Scope?

Key Takeaways from this Electrolyzer Report

• Evaluate Electrolyzer market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electrolyzer market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Electrolyzer Market is studied from 2017 - 2027.

What is the growth rate of Electrolyzer Market?

The Electrolyzer Market is growing at a CAGR of 9.3% over the next 5 years.

Who are the leading key players in Electrolyzer Market?

Proton On-Site, 718th Research Institute of CSIC, Teledyne Energy Systems, Hydrogenics, Nel Hydrogen, Suzhou Jingli, Beijing Zhongdian, McPhy Energy S.A. (Paris:MCPHY.PA), Siemens Energy AG (XETRA:ENR.DE), TianJin Mainland, Areva H2gen, Shandong Saksay Hydrogen Energy, Yangzhou Chungdean Hydrogen Equipment, Asahi Kasei, Idroenergy Spa, Erredue SpA, ShaanXi HuaQin, Kobelco Eco-Solutions, ELB Elektrolysetechnik GmbH, ITM Power, Toshiba and Others.

What regions regions does this Electrolyzer Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Electrolyzer Market?

Traditional Alkaline Electroliser, PEM Electrolyser, Others

What are the significant Applications of Electrolyzer Market?

Power Plants, Steel Plant, Electronics and Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Others

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