Press release
Water Electrolysis Market 2018 Global Key Country Analysis: Ag, Linde AG, Air Products and Chemicals, Siemens AG, ProtonOnsite, Teledyne Energy System, Areva H2Gen
Water Electrolysis Market
Global Water Electrolysis Market Information Report by Technology (Alkaline Water Electrolysis and Proton Exchange Membrane), by End-User (Chemical Industry, Petroleum Industry, Pharmaceuticals Industry, Power Plants, Electronics & Semiconductor Industry, and Others), and by Region - Forecast to 2023
The global water electrolysis market is expected to reach USD 11,426.8 million by 2023 with 6.31% CAGR.
The key players in global water electrolysis market are ThyssenKrupp Ag (Germany), Linde AG (Germany), Air Products and Chemicals, Inc. (U.S.), Siemens AG (Germany), ProtonOnsite (U.S.), Teledyne Energy System Inc. (U.S.), Areva H2Gen (France), Hydrogenics Corporation (Canada), Erre Due s.p.a (Italy) andPeak Scientific (Scotland).
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Water Electrolysis Global Market
Water electrolysis is used to decompose water into hydrogen and oxygen by using electricity. Electricity is passed through water to separate hydrogen and oxygen from water. The reaction to separate hydrogen and oxygen takes place in electrolyzer for varying size depending on the requirement. The major purpose of water electrolysis is to generate hydrogen that can be used for various purpose such as hydrogen fuel and chemical industry. According to a recent study report published by the Market Research Future, The global market of water electrolysis is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
Water electrolysis is majorly used in chemicals industry, petroleum industry, and pharmaceutical industry. In chemical industry, water electrolysis is generally used to separate two components by chemical reaction. Water electrolysis is generally used to produce hydrogen that can be used for various purpose such as fuel, energy storage, and among others. The hydrogen produce using water electrolysis is used to manufacture ammonia, fertilizer, and methanol. The growth in chemical industry is expected to grow the water electrolysis market during the forecast period. The growth of the chemical industry in future will be driven by the developing markets due to the local players in that region.
The Key Players In Global Water Electrolysis Market Are:
ThyssenKrupp AG, Linde AG, Air Products and Chemicals, Inc., Siemens AG, ProtonOnsite, Teledyne Energy Systems Inc., AREVA H2Gen, Hydrogenics Corporation, Erre Due s.p.a. and Peak Scientific., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global water electrolysis market.
Segmentation of Water Electrolysis Market:
The global water electrolysis market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology : Comprises Alkaline Water Electrolysis and Proton Exchange Membrane
Segmentation by End-User : Comprises Chemical Industry, Petroleum Industry, Pharmaceuticals Industry, Power Plants, Electronics & Semiconductor Industry, and Others
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global water electrolysis market are that of new product development.
On November 2016, AREVA H2Gen inaugurated the first ever plant in France dedicated to manufacturing electrolysers.
On April 2015, ThyssenKrupp Industrial Solutions and Industry De Nora came together to form ThyssenKrupp Uhde Chlorine Engineers for water electrolysis plant business.
On May 2015, Siemens AG launched SILYZER 200, hydrogen electrolysis system based on proton exchange membrane with an output over one megawatt.
On December 2013, Power utility Stadtwerke Mainz, Linde, Siemens and RheinMain University of Applied Sciences to join forces in setting up electrolysis plant in Hechtsheim.
Regional Analysis of Water Electrolysis Market:
Asia-Pacific is the largest market for hydrogen globally. Increasing demand from countries such as India and China coupled with increasing use of hydrogen in secondary end-user industries, is expected to propel the growth of the Asia Pacific market. China hydrogen market is steadily growing due to the industrial expansion. China majorly utilizes hydrogen for refining treatment of heavy crude oil to produce sulfur-free fuels due to stringent government regulation to reduce carbon footprint. Hydrogen is also used in a variety of everyday products such as, polyurethanes (foams) for construction materials, polycarbonates for DVDs, and nylons for textiles. India hydrogen market is stagnantly growing due to the current research & development program run by the government. The rising population and emphasis on improving the per capita energy availability in India, is a major factor to climate change and is striving for developing technologies for harnessing renewable energy sources. Hydrogen market in India is driven by the phenomenal industrial growth in pharmaceutical, chemical and petroleum industry.
In North America, the chemical industry is largely dependent on the strength of the national and global economy. The chemical industry in North America is mainly benefited from the availability of cheap gas. The American chemical industry is expected to grow in the coming years due to the improving demand from the end- markets. The growth in the chemical industry will accelerate the growth of the water electrolysis market.
Complete Report Details of Water Electrolysis Market@ https://www.marketresearchfuture.com/reports/water-electrolysis-market-4133
Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION.
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL WATER ELECTROLYSIS MARKET, BY TECHNOLOGY
7 GLOBAL WATER ELECTROLYSIS MARKET, BY END-USER
8 GLOBAL WATER ELECTROLYSIS MARKET, BY REGION
9 COMPETITIVE SCENERIO
10 COMPANY PROFILES
11 LIST OF TABLES
12 LIST OF FIGURES
Continued…….
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
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