Press release
Electrolyzer Market Size Expected to Reach $0.9 Billion by 2027
In the electrolyzer, water is split into hydrogen and oxygen by using electricity. There are different processes used for electrolysis such as the alkaline method, PEM, and solid oxide electrolysis method. The hydrogen obtained from the electrolysis is 99.99% pure and stored in either gas form or liquid form. It is used in making fuel cells that are used in electric vehicles.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-4J42/electrolyzer
The market for electrolyzers is driven by increased demand for hydrogen in electric vehicles. Moreover, demand for on-site electrolyzer installation from industrial sector owing to decarbonization also acts as a driving factor for electrolyzer market growth. However, limited technological advancements, delayed permits, and equipment supply constraints act as restraints for the market growth. Meanwhile, favorable policies from governments that are encouraging use of electric vehicle and technological advancements can offer lucrative opportunity for industry growth in the near future.
Inquire for Sample Report: https://reports.valuates.com/request/sample/ALLI-Manu-4J42/Electrolyzer_Market
The electrolyzer market is segmented on the basis of product, capacity, application, and region. Depending on product, the market is segmented into alkaline electrolyzer, PEM electrolyzer, and solid oxide electrolyzer. Alkaline electrolyzer dominated the market share, whereas, PEM electrolyzer is expected to grow at higher CAGR during the forecast period. By capacity, the market is bifurcated into less than 500 kW, 500 kW to 2 MW, and above 2 MW. The 500 kW to 2 MW capacity electrolyzer dominated the market share in 2019, while above 2 MW capacity electrolyzer is expected to grow at a rapid pace.
Based on application, the market is divided into power generation, transportation, industry energy, industry feedstock, building heat & power, and others. The power generation segmented dominated the market share but transportation application is projected to grow at a higher CAGR. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Europe is leading the market for electrolyzer; however, Asia-Pacific is expected to witness the highest growth during the forecast period.
The key players operating in the market are Hydrogenics, Nel ASA, Siemens Energy Global GmbH, Co. KG. AG, Toshiba, Air Liquide, Plug Power, McPhy Energy, ITM Power, Idroenergy, and Next Hydrogen. The players in the market have adopted several strategies, such as product launch and business expansion to sustain the market competition.
Key findings of the study
o The global electrolyzers market size is provided in terms of revenue.
o Asia-Pacific is projected to grow at the highest CAGR of approximately 25.1%, in terms of revenue, during the forecast period.
o By product, the alkaline electrolyzer segment is anticipated to grow with CAGR 24.6%, in terms of revenue, during the forecast period.
o The Europe and Asia-Pacific dominated the electrolyzers market share by over 38.0% and 32.0% in 2019.
o A comprehensive analysis of the factors that drive and restrain the electrolyzers market growth is provided.
o The qualitative data in this report aims at the market trends, dynamics, and developments in the electrolyzers industry.
The electrolyzers market forecast and estimations are based on factors impacting the market growth.
Similar Report:
Porous Electrodes for Electrolyzer Market: https://reports.valuates.com/market-reports/ALLI-Manu-0P57/porous-electrodes-for-electrolyzer
Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrolyzer Market Size Expected to Reach $0.9 Billion by 2027 here
News-ID: 2354764 • Views: …
More Releases from Valuates Reports
Wafer Fab Materials Market Share Driven by Semiconductor and Advanced Electronic …
Wafer Fab Materials Market Size
The global market for Wafer Fab Materials was valued at US$ 49210 million in the year 2024 and is projected to reach a revised size of US$ 73010 million by 2031, growing at a CAGR of 5.9% during the forecast period.
The Wafer Fab Materials market is expanding rapidly, driven by increasing demand from the semiconductor and electronics industries. Key market trends include the shift toward smaller,…
I-line Resist Market Size, Revenue Share, Insights & Future Outlook
I-line Resist Market
The global market for I-line Resist was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
I-line resist is a term commonly used in the semiconductor industry. It refers to a type of photoresist material that is sensitive to a specific wavelength of light known as the "I-line,"…
Photoresists Market Share Driven by Semiconductor and Display Technology Advance …
Photoresists Market Size
The global market for Photoresists was valued at US$ 6314 million in the year 2024 and is projected to reach a revised size of US$ 9885 million by 2031, growing at a CAGR of 6.7% during the forecast period.
Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-22Y9614/Global_Photoresists_Market_Insights_Forecast_to_2028?utm_source=Openpr&utm_medium=Referral
The Photoresists market is experiencing notable expansion, driven by increasing demand in semiconductor manufacturing, display technologies, and printed circuit board production. Market trends indicate a growing emphasis…
Semiconductor Photoresist and Ancillary Chemicals Market Size, Revenue Share, In …
Semiconductor Photoresist and Ancillary Chemicals Market Size
The global market for Semiconductor Photoresist and Ancillary Chemicals was valued at US$ 3836 million in the year 2023 and is projected to reach a revised size of US$ 5984 million by 2030, growing at a CAGR of 7.0% during the forecast period.
Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-10D18839/Global_Semiconductor_Photoresist_and_Ancillary_Chemicals_Market_Research_Report_2024?utm_source=Openpr&utm_medium=Referral
This report studies the Photoresist (PR) and Ancillary Chemicals.
Photoresist (PR) is a chemical that changes properties when exposed to…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
