Water Electrolysis Machine Market Detailed analysis of current Industry figures with forecasts growth

Electrolysis is the most direct way to deliver hydrogen, through which the flow of electricity passes through a precipitous separation. Hydrogen electrolysis for hydrogen production finds its use in various industries, for example, synthetic materials, petrol, glass, medical facilities, cars, drugs, metals and mines, and so on. Water electrolysis machine is divided into three types: proton trade film (PEM), soluble water electrolysis, and strong oxide electrolyte (SOE). Extending interest without a carbon power source will probably support the interest of the global electrolysis plant during the speculative period.

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Drivers:

The launch of new generation products is expected to boost growth of the global water electrolysis machine market. For instance, in April 2020, Asahi Kasei started a world scale alkaline electrolysis system to generate pure hydrogen in Japan. It is able to produce pure hydrogen at a constant rate of 1200 Nm3 comprising of a single structure.

Moreover, growing preference for renewable energy sources across the globe is expected to drive the growth of the global water electrolysis machine market.

Restraints:

High electricity consumption in the process & high requirement of capital are the important restraining factors which expected to hinder growth of the global water electrolysis market.

Regional Insights:

North America is expected to witness significant growth of the global water electrolysis machine market, due to high demand for hydrogen in the U.S. Investments in the development and production of hydrogen fuel cells, as well as commendable policies on environmental protection and energy security, are expected to further the demand for water electrolysis equipment in the coming years.

Asia Pacific is expected to witness significant growth of the global water electrolysis machine market during the forecast period. The growth of this market could be attributed to major industrial developments in China and India, making the need for more clean hydrogen. Furthermore, low production costs and the ability to produce water electrolysis equipment are expected to benefit the Asia Pacific region in the future of the global water electrolysis machine market.

Competitive Landscape:

Some of the key players of the global water electrolysis machine market are Air Products and Chemicals Inc., AREVA H2Gen, Toshiba Lifestyle Products & Services Corporation, Kobel Co Eco-Solutions, Asahi Kasei Corporation, C&E Environmental Technology Co. Ltd., Teledyne Technologies Inc., ThyssenKrupp AG and Enatic.

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Key Development

In April 2020, Asahi Kasei Corporation launched a hydrogen supply project at Namie Futuba, Fukushima, with a maximum power of 10 MW, in partnership with Toshiba Energy Systems & Solutions Corp. The company also partnered with Tohoku Electric Power Co. Inc. and Iwatani Corp for hydrogen technology development projects.

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