Press release
Water Electrolysis Market Size Projected To Reach 12.44 Billion By 2034 With A Cagr Of 9.7%
Water Electrolysis
What Is the Projected Growth of the Water Electrolysis Market?
The size of the water electrolysis market has seen a significant climb in the previous years. The market is projected to rise from $7.81 billion in 2024 to $8.59 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. The historic growth can be credited to factors such as increasing environmental awareness, the application of hydrogen in sustainable farming methods, heightened demand for hydrogen in industrial operations, the building and expansion of water electrolysis infrastructure, and the escalating acknowledgement of the benefits of hydrogen.
The market size of water electrolysis is predicted to experience a significant increase in the coming years, reaching $12.44 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%.This rise during the forecast period is due to the increasing demand for eco-friendly hydrogen, governmental initiatives and subsidies, growth in renewable energy sectors, investments into hydrogen infrastructure, and the declining prices of electrolyzers. Noteworthy trends projected for this period include advancements in the material of electrolyzers, the use of power-to-x technologies, development of hybrid systems, advancement in automation and control systems, and the inclusion of carbon capture technologies.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21004
What Are the Different Water Electrolysis Market Segments?
The water electrolysis market covered in this report is segmented -
1) By Product Type: Alkaline Electrolyzer; Proton Exchange Membrane (PEM) Electrolyzer; Solid Oxide Electrolyzer Cell (SOEC); Anion Exchange Membrane (AEM) Electrolyzer
2) By Input Power: Below 2 kW; 2 kW - 5 kW; Above 5 kW
3) By Hydrogen Production: Below 500 L/hr; 500 - 2000 L/hr; Above 2000 L/hr
4) By End-User Applications: Ammonia Production; Methanol Production; Refining Industry; Power and Energy Storage; Transportation Or Mobility Industry; Other End User Applications
Subsegments:
1) Alkaline Electrolyzer: Liquid Alkaline Electrolyzers; Pressurized Alkaline Electrolyzers; High-Temperature Alkaline Electrolyzers
2) Proton Exchange Membrane (PEM) Electrolyzer: Low-Temperature PEM Electrolyzers; High-Temperature PEM Electrolyzers; Compact PEM Electrolyzers
3) Solid Oxide Electrolyzer Cell (SOEC): Intermediate Temperature SOEC; High-Temperature SOEC; SOEC with Integrated Heat Recovery
4) Anion Exchange Membrane (AEM) Electrolyzer: AEM Electrolyzers for Water Splitting; High-Performance AEM Electrolyzers; AEM Electrolyzers with Improved Durability
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21004&type=smp
What Are the Primary Drivers Shaping the Water Electrolysis Market?
The growth of the water electrolysis market is anticipated to be fuelled by the increasing need for hydrogen production. Hydrogen production, the process of creating hydrogen gas through various techniques such as electrolysis, steam methane reforming, and biomass gasification, is spurred by the international focus on lowering carbon emissions and shifting to cleaner energy. Hydrogen generation via water electrolysis uses electricity to separate water into hydrogen and oxygen. This technique enables a clean and sustainable means of producing hydrogen fuel, particularly when utilising renewable energy resources. For instance, the International Energy Agency, a France-based intergovernmental body, reported in July 2023 that low-emission hydrogen production accounted for less than 1% of the total hydrogen produced in 2022, even with a 5% rise from 2021, highlighting the slow but steady progression towards cleaner hydrogen production. As a result, the escalating demand for hydrogen production is promoting the expansion of the water electrolysis market.
Which Companies Are Leading in the Water Electrolysis Market?
Major companies operating in the water electrolysis market are Robert Bosch GmbH, ThyssenKrupp AG, Siemens Energy AG, Linde AG, Toshiba Energy Systems & Solutions Corporation, Cummins Inc., Sungrow Power Supply Co. Ltd., LONGi Green Energy Technology Co. Ltd., Plug Power Inc., KTH Royal Institute of Technology, Sunfire GmbH., Nel ASA., Ohmium International Inc., Shandong AUYAN New Energy Technology Co. Ltd., HydrogenPro ASA, Ceres Power Holdings plc, McPhy Energy SA., Horizon Fuel Cell Technologies Pte Ltd, ITM Power PLC., Giner ELX Inc., SES Hydrogen, Enapter AG, Elogen SAS, Next Hydrogen Solutions Inc., CAPLINQ Corporation, GreenH Electrolysis
What Are the Major Trends Shaping the Acellular Dermal Matrices Market?
Leading firms in the water electrolysis market are focusing on the creation of innovative offerings, for example proton exchange membrane (PEM) water electrolyzers, with the aim to boost the efficiency of hydrogen production and lower the energy usage. Proton exchange membrane, or PEM, water electrolyzers are tools which employ a solid polymer electrolyte to divide water into hydrogen and oxygen using an electrochemical process. This results in high effectiveness and adaptability in hydrogen production. For example, in March 2024, Sungrow Power Supply Co. Ltd, a manufacturer based in China, introduced their 300Nm3/h PEM Water Electrolyzer. This specific water electrolyzer is capable of producing 300Nm3 of hydrogen every hour in a highly efficient manner, with energy consumption less than 4.15kWh/Nm3. It is crafted for pliable hydrogen production utilizing renewable energy sources, guaranteeing peak performance in fluctuating scenarios.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/water-electrolysis-global-market-report
What Are the Top Revenue-Generating Geographies in the Water Electrolysis Market?
Europe was the largest region in the water electrolysis market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the water electrolysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Water Electrolysis Market?
2. What is the CAGR expected in the Water Electrolysis Market?
3. What Are the Key Innovations Transforming the Water Electrolysis Industry?
4. Which Region Is Leading the Water Electrolysis Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Water Electrolysis Market Size Projected To Reach 12.44 Billion By 2034 With A Cagr Of 9.7% here
News-ID: 4069549 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Electrolyzer
Hydrogen Electrolyzer - Obtain PDF Sample Copy
Hydrogen Electrolyzer Market is expected to register a CAGR of 30.5% from 2025 to 2031. Rising Global Plans for Net-zero Emission by 2050: Green hydrogen is produced through the process of electrolysis using renewable energy sources. Green hydrogen has versatile applications in transportation, chemical, power, petrochemical, food & beverages, and other sectors. It can be used as a fuel for fuel cell electric vehicles, a feedstock for industrial processes, and…
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…
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…
