Press release
Electrolyzers Global Market Report 2024 - By Trends, Demand, Drivers, Outlook By 2033
Driving Forces in the Electrolyzers Market:
1. Fuel Cell-Powered Automotive Surge:
The growing demand for fuel cell-based automotive vehicles emerges as a significant driver for the electrolyzers market. Fuel cell-based automotive utilizes hydrogen as an energy source through a fuel cell that generates electricity. Electrolyzers play a pivotal role in supporting these vehicles by providing hydrogen as fuel. The surge in sales of passenger electric vehicles, including fuel cell vehicles, marked a 140% increase in 2021 compared to two years ago, showcasing the escalating demand driving the electrolyzers market.
2. Sustainable Energy Future with Green Electricity:
The electrolyzer market experiences a surge propelled by the increasing production of green electricity. Green electricity, derived from renewable and environmentally friendly sources, plays a vital role in reducing the carbon impact. Electrolyzers contribute significantly to the transition towards a more sustainable energy future by efficiently storing and utilizing surplus electricity generated from renewable sources. The United States, for instance, witnessed renewables accounting for 24% of utility-scale electricity generation in the first six months of 2022, emphasizing the role of electrolyzers in supporting the shift to greener energy.
Explore the Global Electrolyzers Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6249&type=smp
Key Players and Innovations:
1. Major Companies:
Key players in the electrolyzers market, including Nel ASA, Asahi Kasei Corporation, Siemens AG, and McPhy Energy S.A., are influential contributors to market dynamics. These companies are actively involved in technological advancements and product innovations.
Evolving Electrolyzers Market:
2. Bloom Energy's Technological Standards:
Technological advancements take center stage as a key trend in the electrolyzers market. Bloom Energy Corporation, a notable player, introduced a high-volume commercial electrolyzer line, showcasing its commitment to energy-efficient clean hydrogen production. This innovative electrolyzer, built on a commercially established solid oxide technology platform, reflects the company's capacity to meet market demands more effectively.
3. Bloom Energy's Solid Oxide Electrolyzer:
Product innovation, particularly in the form of solid oxide electrolyzers, is a focus for major companies in the electrolyzers market. Bloom Energy Corporation's introduction of a high-temperature solid oxide electrolyzer sets new industry standards. This electrochemical device efficiently converts electrical power into chemical energy, generating hydrogen gas and oxygen gas from water. The deployment of these high-temperature electrolyzers globally, such as in Gumi, South Korea, emphasizes their efficiency in creating a hydrogen-fueled economy.
Regional Dynamics and Market Segmentation:
Western Europe takes the lead as the largest region in the electrolyzers market in 2023, while Asia-Pacific is poised to witness the fastest growth during the forecast period.
The electrolyzers market covered in this report is segmented -
1) By Product: Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzers
2) By Capacity: Less than 500 kW, 500 kW to 2 MW, Above 2 MW
3) By Application: Power Plants, Steel Plants, Electronics And Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Other Applications
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/electrolyzers-global-market-report
Electrolyzers Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Electrolyzers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on electrolyzers market size, market drivers and trends, market major players, competitors' revenues, market positioning, and market growth across geographies. The electrolyzers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Gas Mixtures Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/gas-mixtures-global-market-report
Gas Separation Membrane Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/gas-separation-membrane-global-market-report
Gas Generator Sets Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/gas-generator-sets-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrolyzers Global Market Report 2024 - By Trends, Demand, Drivers, Outlook By 2033 here
News-ID: 3366651 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Electrolyzer
Electrolyzer Market Size 2024 to 2031.
Market Overview and Report Coverage
An electrolyzer is a device that uses electricity to break water into hydrogen and oxygen gas through a process called electrolysis. The hydrogen gas can then be used as a clean energy source through fuel cells or other applications. The global electrolyzer market is expected to grow at a CAGR of 25.10% during the forecasted period.
The increasing demand for clean and renewable energy sources,…
Global Electrolyzer Market Research Report 2023-2029
Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
Electrolyzer…
Electrolyzer Market Size, Share, Development by 2023
Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
LPI…
Green Hydrogen Market by Technology (Proton Exchange Membrane Electrolyzer, Alka …
Green Hydrogen Market
Global green hydrogen market size was valued at USD 0.3 Billion in 2020, and is projected to reach USD 9.8 Billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028.
Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/ALLI-Manu-4Q70/Green_Hydrogen_Market
Key drivers of the green hydrogen market include the increasing environmental concerns driving the need for cleaner energy sources. The rising awareness regarding hydrogen as an efficient energy carrier will fuel…
Global Electrolyzer Market By Type: Alkaline Electrolyzer, PEM Electrolyzer, Sol …
Global Electrolyzer Market is driven by the increasing imposition of stringent policies by governments in various geographical regions, growing consumers' awareness of the environment, and rising demand for fuel cell-based electronic vehicles in regions like China, Japan, and India.
Water is electrolyzed using electrolyzers. Hydrogen and oxygen are generated from water through electrolysis and then stored for usage in the chemical, energy, transportation, and industrial process sectors. The electrolyzers use different…
Green Hydrogen Market Size, Share & Growth Analysis By Technology (Pem Electroly …
The Green Hydrogen Market Research Reports 2021–2027 is an Analysis and In-depth study of the Green Hydrogen Market Industry, with the target of global market trend. The report mainly focuses on the market size, market structure, market share, growth cost structure, and forecast for 2027. The Research Report is an analysis of quantitative of the Green Hydrogen market and gives information for making strategies to developing the Green Hydrogen Market…
