Electrolyzer Market Size Is Booming Worldwide With | Plug Power, McPhy Energy, ITM Power, Idroenergy

The global electrolyzer market was valued at $0.2 billion in 2019, and is anticipated to generate $0.9 billion by 2027.The market is projected to experience growth at a CAGR of 24.6% from 2020 to 2027. 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 atmosphere or collected and used in further industrial processes.

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It is estimated that around 95% hydrogen produced is from fossil fuels. 1-4% of hydrogen is produced through electrolysis. With increase in emphasis for reducing carbon footprint, the use hydrogen as fuel in industries such as automotive, locomotive, manufacturing, and chemical encourages the use of hydrogen produced from renewable sources, electrolyzers being one of them. This acts as driving factor for electrolyzer market growth. The increasing fuel cell vehicle market also drives the electrolyzers market as it drives the demand for hydrogen fuel cells. Moreover, favorable government policies that offer subsidies and other benefits also act as market drivers for electrolyzers. However, supply constraints for equipment restraints the market growth. Moreover, delay in permission grants from local or central government authorities also limits the market growth for electrolyzers. Meanwhile, favorable policies from governments are encouraging use of electric vehicle and technological advancement can offer lucrative opportunity for industry growth in the near future.

Exempting electrolyzers from grid fees, taxes and levies, providing access to curtailed electricity and grid service revenues, and recognizing the value and price of green hydrogen are few measures that can be taken by government to promote healthy means of energy generation, which will aid the growth of electrolyzers 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. By capacity, the market is classified into less than 500 kW, 500 kW to 2 MW, and above 2 MW. Based on application, the market is divided into power generation, transportation, industry energy, industry feedstock, building heat & power, and others.

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KEY BENEFITS FOR STAKEHOLDERS
- The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the electrolyzers market from 2020 to 2027 to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The electrolyzers market forecast and estimations are based on factors impacting the market growth, in terms of value.
- Profiles of leading players operating in the market are provided to understand the global competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable electrolyzers market share.
- The electrolyzers market size is provided in terms of revenue.
- The report provides an in-depth analysis of the forecast along with the current and future electrolyzers market trends.

- Key Players
o Hydrogenics
o Nel ASA
o Siemens Energy Global GmbH
o Toshiba
o Air Liquide
o Plug Power
o McPhy Energy
o ITM Power
o Idroenergy
o Next Hydrogen

KEY MARKET SEGMENTS
By Product
? Alkaline Electrolyzer
? PEM Electrolyzer
? Solid Oxide Electrolyzer

By Capacity
? Less than 500 kW
? 500 kW to 2 MW
? Above 2 MW

By Application
? Power Generation
? Transportation
? Industry Energy
? Industry Feedstock
? Building Heat & Power
? Others

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By Region
? North America
o U.S.
o Canada
o Mexico
? Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
? Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
? LAMEA
o Brazil
o South Africa
o Saudi Arabia
o Rest of LAMEA

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Reasons to Purchase this Report:
● Analyzing the outlook of the market with the current tendencies and SWOT analysis.
● Market dynamics scenario, alongside with increase possibilities of the market in the years to come.
● Market segmentation evaluation which include qualitative and quantitative lookup incorporating the have an effect on of monetary and non-economic aspects.
● Regional and use degree evaluation integrating the demand and grant forces that are influencing the boom of the market.
● Market fee (USD Million) and extent (Units Million) facts for every phase and sub-segment
● Competitive panorama involving the market share of principal players, alongside with the new initiatives and techniques adopted by means of gamers in the previous years.
● Comprehensive organization profiles masking the product offerings, key economic information, latest developments, SWOT analysis, and techniques employed through the predominant market players.

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