Press release
Water Electrolysis Machine Market is estimated to reflect a healthy 7.6% CAGR through 2030.
Despite the steady rise of the water electrolysis machine market, prohibitive capital costs and high levels of electricity consumption restrain market growth.
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Key Takeaways from Water Electrolysis Machine Market
The size of the water electrolysis machines market is estimated to surpass US$ 10.2 Bn by the end of 2020, with renewable energy and chemical applications being the driving factors behind the industry.
Alkaline water electrolysis machines will witness high demand, while PEM options are also likely to reflect steady growth on the back of higher efficacy in electrolysis processes.
500 to 2000 L/Hr offerings in the water electrolysis machines market reflect relatively higher demand, owing to reduced risk of hydrogen crossovers.
East Asia is a prominent regional market reflecting relatively faster growth in adoption rates owing to major scope for industrial applications in China and Japan.
“Higher investments and favorable policies by government towards the development of sustainable, renewable energy sources, and the use of hydrogen in steel, chemicals, electronics & semiconductors, petroleum, electronics, pharmaceuticals, and power generation, are major factors driving the growth of the global water electrolysis machine market,” said a lead analyst from FMI.
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COVID-19 Impact on Water Electrolysis Machine Market
The growth of the water electrolysis machine market is expected to be marginally slower that previous years owing to the ongoing coronavirus pandemic. Restrictions on transportation, logistics, and trade have disrupted supply chains for raw materials and components essential for the functioning o the water electrolysis machines.
Restrictions on non-essential commodities also hurt market growth. The market is likely to start recovery towards the end of 2020. The focus on research activities and product development are likely to aid market players in leveraging growth opportunities in the post pandemic era.
Key Segments
Type
Proton Exchange Membrane
Alkaline Water Electrolysis
Others
Input Power
Below 5 MW
5-10 MW
Above 10 MW
Hydrogen Production
Below 500 L/Hr
500 – 2000 L/Hr
Above 2000 L/Hr
End Use
Chemical
Petroleum
Pharmaceuticals
Power Plants
Electronics & Semiconductors
Steel Plants
Others
Who is Winning?
The market study by Future Market Insights has provided in-depth details on major business strategies that play influencing roles in the water electrolysis machine market. Major players in the industry have been focused on strategic acquisitions and collaborations, in addition to the consolidation of market presence through product development endeavors.
Air Products & Chemicals Inc.,
Toshiba Energy Systems & Solutions Corp.,
Nel ASA,
Thyssenkrupp Uhde Chlorine Engineers GmbH,
AREVA H2Gen,
Teledyne Technologies Inc.,
Asahi Kasei Corp.,
Kobelco Eco-Solutions Co. Ltd.,
C&E Environmental Technology Co. Ltd. are major companies operating in the water electrolysis machine market.
More Insights
The report by Future Market Insights has provided a comprehensive analysis of the global water electrolysis machine market, with crucial data on historical demand (2015 – 2019) and forecast data (2020 – 2030). The report also covers the analysis of the market on the basis of pricing, costs, and other market dynamics, which influence developments in the varied applications of water electrolysis machines.
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About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry
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About Us:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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