Porous Electrodes for Electrolyzer Market Size Expected to Reach $345.0 Million by 2030

The global porous electrode for electrolyzer market size was valued at $26.2 million in 2020 and is projected to reach $345.0 million by 2030, growing at a CAGR of 29.5% from 2021 to 2030. The electrolyzer systems are used to for breaking water into hydrogen and oxygen through electrolysis. The electrolyzers consist of a cathode, an anode, and a membrane. Hydrogen is collected on the cathode side, which is further stored for use in various industries. Oxygen is either released into the atmosphere or collected and used in further industrial processes. In various applications such as metal recovery, metal and/or solution purification, organic synthesis, separation processes, batteries, and other energy sources, fuels, and enzymes, porous electrodes are a popular choice for adding technical value to electrochemically active materials. The use of electrodes can better control the reaction distribution, the transfer of active materials, and the heat distribution, and it also improves the efficiency and selectivity of the reaction.

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Supply chain disruption due to cross border trade restrictions hampered the imports of the raw materials for the manufacturing processes as well as exports of the finished products creating negative impact on global porous electrodes for electrolyzer market during pandemic.

Compared with flat electrodes, porous electrodes can improve the ability to store ions and electrons, increase the reaction rate, and improve quality and charge transfer, providing a larger surface area, thereby promoting the porous electrode market to become an important market service. Because porous electrodes are vital as part of the electrolyzer, industry statistics are driving the demand for efficient, sustainable and reliable power generation systems. As a raw material in the chemical, glass, mining, food and semiconductor industries, porous electrode are expected to drive the market growth. Due to this, it creates profitable business for industrial companies. However, the cost of this starting material is high, which is a major limitation of the market.

The major companies profiled in porous electrodes for electrolyzer industry report include Air Liquide, Cocker Jingli Hydrogen, Cummins Inc, Enapter, Graphite India Limited, ITM Power, McPhy Energy, Nel Hydrogen, Plug Power and Titanium Tantalum Products Limited. The global porous electrodes for electrolyzer market report provide in-depth competitive analysis as well as profiles of these major players.

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Porous electrodes for electrolyzer market, by electrode material

By electrode material, the titanium segment is expected to contribute 24.3% due to its physical and electrochemical properties, titanium offers several benefits in many electrochemical processes compared to conventional materials.

Region wise, Europe is expected to garner 38% of the porous electrodes for electrolyzer market share. Rapid technological advancement along with ongoing deployment of sustainable energy technologies will stimulate industry growth. The EU energy transition policy along with ongoing large-scale electrification programs will positively influence the business outlook.

Porous Electrodes for Electrolyzer Market by Electrode Material

o Titanium
o Nickel
o Silver
o Others

Porous Electrodes for Electrolyzer Market by Electrode Type

o Alkaline Electrolyzer
o PEM Electrolyzer
o Solid Oxide Electrolyzer

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