Press release
Electrolyzer Market Size, Share, Trends & Forecast 2022-2027
Electrolyzer Market
An electrolyzer relies on electricity to produce carbon-free hydrogen through electrolysis. It includes cathodes, anodes, membranes, pumps, vents, storage tanks, separators, and power supplies. It is reliable, cost-effective, and generates electricity with zero emissions. At present, it is available in a wide range of capacities and functions, such as alkaline, proton exchange membrane (PEM), and solid oxide, across the globe.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Electrolyzer Market Trends:
Presently, the growing global population and increasing power demand for utilities represent one the primary factors positively influencing the market. In addition, governments of various countries are focusing on adopting clean power energy generation technologies. They are also introducing favorable policies, such as pollution tax, innovation subsidy, and environmental protection publicity and guidance programs, to promote the usage of low-carbon technologies, which is offering lucrative growth opportunities to industry investors and market players. Furthermore, the increasing adoption of electrolyzers used in the production of green chemicals, such as methanol, fertilizers (ammonia), and jet fuel is strengthening the growth of the market. Besides this, the escalating demand for hydrogen in fuel cell-based electric vehicles (EVs), such as trains, trucks, and buses, is propelling the market growth worldwide. Furthermore, the expansion of the e-commerce sector and widespread adoption of EVs by logistics companies for delivery services is driving the market.
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Electrolyzer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
Toshiba Corporation.
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
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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