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Global Water Electrolysis Market to Witness a Pronounce Growth During 2024– Top Key players like Proton On-Site,Hydrogenics,Nel Hydrogen,Inc.
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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.
Currently, water electrolysis is classified into two types, including traditional alkaline electroliser and PEM electroliser. Globally, PEM electroliser is the larger type. In 2018, global PEM electroliser consumption is 457 units. In the future, we predict that PEM electroliser will be a leading and major type. PEM electroliser consumption amount will increase a rate of 9.64% during 2019-2025.
During all those manufacturers, Proton On-Site is the largest supplier, which sold 132 Unit in 2018, accounting for 15.21% of global total sales.
Water electrolysis can be used in many fields including power plants, steel plant, electronics and photovoltaics, industrial gases, energy storage or fueling for FCEV's and power to gas etc. Power plant is the largest consumption area with consumption amount of 283 in 2018.
According to this study, over the next five years the Water Electrolysis market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 390 million by 2024, from US$ 330 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Water Electrolysis business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Proton On-Site
718th Research Institute of CSIC
Teledyne Energy Systems
Hydrogenics
Nel Hydrogen
Suzhou Jingli
Beijing Zhongdian
McPhy
Siemens
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
Market Segment by Type, covers
Traditional Alkaline Electroliser
PEM Electroliser
Market Segment by Applications, can be divided into
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others
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Related Information:
North America Water Electrolysis Market Growth 2019-2024
United States Water Electrolysis Market Growth 2019-2024
Asia-Pacific Water Electrolysis Market Growth 2019-2024
Europe Water Electrolysis Market Growth 2019-2024
EMEA Water Electrolysis Market Growth 2019-2024
Global Water Electrolysis Market Growth 2019-2024
China Water Electrolysis Market Growth 2019-2024
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