Press release
Electrolyzer Market Research Report 2022: Size, Share, Trends, Industry Analysis and Forecast 2027
Electrolyzer Market Report
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download free sample of the report: https://www.imarcgroup.com/electrolyzer-market/requestsample
Electrolyzer Market Industry Definition and Application:
An electrolyzer is a device that uses electricity to convert nuclear and renewable energy sources into carbon-free hydrogen. Pumps, vents, tanks for storing waste products, and separators are included in order to generate power without releasing dangerous gases into the atmosphere. Currently, it may be found in a wide range of configurations, from compact manufacturing facilities housed in shipping containers to massive centralized production units that can deliver hydrogen via trucks.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Electrolyzer Market Trends and Drivers:
Market expansion is being driven by the growing use of hydrogen as a feedstock in the chemical industry. The demand for clean fuels is also increasing globally due to people's growing knowledge of the negative environmental effects of burning fossil fuels. This is encouraging industry expansion together with government regulations in multiple nations that support clean energy sources to create a sustainable hydrogen economy. Additionally, electrolyzers are employed in the production of environmentally friendly chemicals like methanol, fertilizers, ammonia, and liquid jet fuel. Worldwide, they are also used to feed industrial gases to the petrochemical, electrical, mining, healthcare, and steel industries. Additionally, it is anticipated that the market growth would be bolstered by the increasing use of wind and solar panels for the creation of electricity.
Browse full report with TOC: https://www.imarcgroup.com/electrolyzer-market
Report Segmentation:
The report has segmented the market on the basis on region, product, capacity, application.
Breakup by Product:
Alkaline Electrolyzer
PEM Electrolyzer
Solid Oxide Electrolyzer
Breakup by Capacity:
Less than 500 kW
500 kW to 2 MW
Above 2 MW
Breakup by Application:
Power Generation
Transportation
Industry Energy
Industry Feedstock
Building Heat and Power
Others
Breakup by Region:
North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Who are the Major Electrolyzer Market Key players?
Air Liquide S.A., Air Products and Chemicals Inc., Asahi Kasei Corporation, Cummins Inc., ITM Power plc, Linde plc, McPhy Energy S.A., Nel ASA, Plug Power Inc., Siemens AG, Titanium Tantalum Products Limited and Toshiba Corporation.
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