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Global Electrolyzer Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
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Global Electrolysis Sales Increased From 720 Units In 2014 To 876 Units In 2018
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 global sales of electrolysis increased from 720 units in 2014 to 876 units in 2018, at a CAGR of 5.03% The global electrolysis market is valued at USD 289.95 million in 2018 and is expected to reach USD 406.71 million by the end of 2025, growing at a CAGR of 4.95% between 2018 and 2025. North America, Europe and Asia-Pacific play an important role in global electrolysis market.
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 487 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 10.90% during 2018-2025.
Globally, there are many suppliers in this market including 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 and Toshiba etc. During all those manufacturers, Proton On-Site is the largest supplier, which sold 132 Unit in 2018, accounting for 15.07% 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 268 in 2018.
Today’s industrial marketplace is increasingly competitive and requires the ability to reduce costs, raise production and increase accuracy for any business that is going to survive. For businesses that will truly thrive, the ability to lead development and get products to market faster is also critical. In the future, LPI predicts that more and more companies will join the industry due to its potential market size. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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