Press release
Hydrogen Electrolyzers Market to exceed value of US$ 702.5 Million by 2031, TMR Study
Hydrogen Electrolyzers
Hydrogen Electrolyzers market is estimated to attain a valuation of US$ 702.5 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.2% during the forecast period, 2023-2031
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77670
Rise in demand for methanol in various applications, including biofuel, windshield washer fluid, formaldehyde, acetic acid, and fuel cells, is augmenting the hydrogen electrolyzer market. Hydrogen electrolyzer is used to manufacture methanol and is increasingly used in oil refining and ammonia production. This is driving market progress.
Furthermore, the growth in adoption of hydrogen in fuel cells for power generation is expected to positively impact the hydrogen electrolyzer market in the next few years.
Hydrogen electrolyzer manufacturers are shifting toward sustainable hydrogen production, which is more environment-friendly compared to conventional hydrogen electrolyzers. Key players are significantly investing in R&D activities to diversify their product portfolio and broaden their customer base. They are also investing in marketing and branding initiatives to increase their hydrogen electrolyzer market share.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77670
๐๐ฎ๐ซ๐ ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ซ๐จ๐ญ๐จ๐ง ๐๐ฑ๐๐ก๐๐ง๐ ๐ ๐๐๐ฆ๐๐ซ๐๐ง๐๐ฌ
On the basis of product type, the hydrogen electrolyzer market has been segmented into proton exchange membrane, alkaline electrolyzer, and solid oxide electrolyzer. Proton exchange membrane is anticipated to be the dominant segment, majorly propelled by the product's positive attributes, such as its compact design, quick startup, flexibility in input fuel, solidity of the electrolyte, and lightweight nature. These features are driving hydrogen electrolyzer business growth.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The significant players operating in the global Hydrogen Electrolyzers market are
Siemens Energy, Nel Hydrogen, Bloom Energy, Giner Inc., Plug Power, McPhy, Pure Energy Centre, and Idroenergy.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง -
๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Proton Exchange Membrane
Alkaline Electrolyzer
Solid Oxide Electrolyzer
๐๐๐ฉ๐๐๐ข๐ญ๐ฒ
Upto 150 kw
151 to 500 kw
500 to 1000 kw
Above 1000 kw
๐๐ฎ๐ญ๐ฅ๐๐ญ ๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐
Upto 10 Bar
11-40 Bar
More than 40 Bar
๐๐ง๐-๐ฎ๐ฌ๐
Methanol
Refining
Electronics
Power Gas
Transport
Food & Beverage
Others (Fabrication, Metal Production, etc.)
๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Direct Sales
Indirect Sales
๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ? ๐๐ฌ๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=77670
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
On January 25, 2023, U.S. based NewHydrogen announced the launch of its green hydrogen generator prototype. The prototype is estimated to continue to serve as a platform for incorporating additional next generation electrolyzer component innovations by the company.
On June 28, 2022, Rolls-Royce declared its plan to manufacture mtu hydrogen electrolyzers. It would enter the hydrogen electrolyzer market through the acquisition of a 54% share in electrolysis stack expert Hoeller Electrolyzer.
On March 31, 2022, Siemens Energy announced plans to begin the production of hydrogen electrolyzers in Huttenstrasse, Berlin. The new production lines for the electrolyzers are being set up in a 2,000 square meter manufacturing plant.
๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฅ๐๐ญ๐ฌ ๐ฒ๐จ๐ฎ ๐ข๐๐๐ง๐ญ๐ข๐๐ฒ ๐ญ๐ก๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ฅ๐ฒ๐ณ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐ฆ๐๐๐ง๐ฌ ๐จ๐ ๐ ๐ซ๐๐ ๐ข๐จ๐ง:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ง๐จ๐ฎ๐ฌ ๐๐ข๐ฌ๐๐๐ฌ๐๐ฌ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/venous-diseases-treatment-market-is-estimated-to-develop-at-a-cagr-of-6-8-during-the-forecast-period-notes-tmr-report-301592182.html
๐ ๐ฅ๐จ๐๐ญ๐ข๐ง๐ ๐๐จ๐ฅ๐๐ซ ๐๐๐ง๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/floating-solar-panels-market-is-estimated-to-progress-at-a-cagr-of-43-02-during-the-forecast-period-tmr-report-301592185.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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