Press release
Water Electrolysis Market Is Expected To Reach USD 11,426.8 Million By 2023
Water Electrolysis Market
Electrolysis is the simplest method used for producing hydrogen in industries, such as chemicals, petroleum, glass, refineries, automotive, pharmaceutical, metals & mining, and others. Increase in use of water electrolysis in end-use industries and growing demand of carbon free source of energy, are pushing the market towards growth. Furthermore, increase in cost of water electrolyzer acts as a major restraint for the growth of market. The growing demand of hydrogen in countries such as China and India, is expected to drive the growth of water electrolysis market. Geographically, Asia-Pacific accounts for the largest share of 34.20% in the global water electrolysis market in 2016.
Request for a Sample Copy @ https://www.marketresearchfuture.com/sample_request/4133
Market Research Analysis:
Asia-Pacific is expected to dominate the water electrolysis market due to the increasing demand in countries such as India and China. China accounted for the largest market share of 47.02% in 2016 and is projected to grow at 7.84% during the forecast period. North America is expected to hold majority of the share of this market. Some of the major factors contributing to the growth of hydrogen market in North America include availability of cheap gas and improving demand from the end- markets growth in the chemical industry, which will accelerate the growth of the water electrolysis market.
Key Players:
The key players in global water electrolysis market are ThyssenKrupp Ag (Germany), Linde AG (Germany), Air Products and Chemicals, Inc. (U.S.), Siemens AG (Germany), ProtonOnsite (U.S.), Teledyne Energy System Inc. (U.S.), Areva H2Gen (France), Hydrogenics Corporation (Canada), Erre Due s.p.a (Italy) and Peak Scientific (Scotland).
Scope of the Report:
This study provides an overview of the global water electrolysis market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global water electrolysis market by technology, by end-user and by region.
By Technology
• Proton Exchange Membrane (PEM)
• Alkaline Water Electrolysis
• Solid Oxide Electrolyte (SOE)
By End-User
• Chemical Industry
• Petroleum Industry
• Pharmaceuticals Industry
• Power Plants
• Electronics & Semiconductors Industry
• Others
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Access Report Details @ https://www.marketresearchfuture.com/reports/water-electrolysis-market-4133
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Akash Anand,
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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 Is Expected To Reach USD 11,426.8 Million By 2023 here
News-ID: 681561 • Views: …
More Releases from Market Research Future
Precious Metals Market Revenue Expected to Surge at 6.9% CAGR by 2035
For millennia, gold, silver, and platinum have captivated humanity, serving as currency, adornment, and a store of value. Today, the Precious Metals Market is not only retaining its ancient allure but is also being propelled forward by a complex mix of modern economic forces and cutting-edge industrial applications. According to a detailed analysis by Market Research Future, this market is on a formidable growth path, projected to nearly double from…
Carbon Dioxide Market to Witness Robust Expansion, Reaching USD 16.01 Billion by …
The global carbon dioxide (CO2) market is undergoing a profound transformation. No longer viewed solely as a waste product or an industrial byproduct, carbon dioxide is emerging as a valuable commodity at the heart of the fight against climate change. According to a comprehensive analysis by Market Research Future, the market is on a robust growth trajectory, projected to expand from $9.11 billion in 2025 to $16.01 billion by 2035,…
Polyethylene Market to Grow from USD 95.7 Billion in 2024 to USD 167.53 Billion …
It is the world's most common plastic, found in everything from the packaging protecting our online purchases to the fuel tanks in our cars and the pipes under our streets. Polyethylene (PE) is the undisputed workhorse of the modern materials economy. Its market, a true giant, reflects both the scale of global consumption and the industry's ongoing evolution toward sustainability. According to recent analysis, the Polyethylene Market was valued at…
Polyvinyl Chloride Market to Grow from USD 47.29 Billion in 2024 to USD 74.99 Bi …
In the vast landscape of global materials, few are as ubiquitous and versatile as Polyvinyl Chloride (PVC). From the pipes behind our walls to the packaging protecting our goods, PVC is a foundational element of modern life. While it may not command the explosive headlines of newer "green" materials, its market tells a story of enduring strength and steady evolution. According to recent analysis, the Polyvinyl Chloride Market was valued…
More Releases for Electrolysis
Water Electrolysis Market Massive Growth opportunity Ahead
A newly published report by Exactitude Consultancy on the "Water Electrolysis Market 2025" offers a detailed overview of the industry, featuring insights into competitive landscapes and market segments. The report incorporates graphs, tables, and charts to present data in a user-friendly format, making it easy to analyze and compare figures. Serving as a central source of market information, the research highlights key challenges and future growth opportunities. Additionally, the study…
Laser vs. Electrolysis Hair Removal: Key Differences
Okay, can we talk about how much of a nightmare body hair is? Seriously, it's like it has this sixth sense-it knows when I have a date, a spa day, or a big event coming up.
Sometimes I wonder, can Madonna really be that wrong? I mean, if she can pull it off, and if Sophia Loren was an icon of beauty despite rocking armpit hair, who am I…
Alkaline Water Electrolysis Hydrogen Production Equipment Market
Global Alkaline Water Electrolysis Hydrogen Production Equipment Market Overview
The Alkaline Water Electrolysis Hydrogen Production Equipment market is a diverse and rapidly evolving industry that encompasses a wide range of products and services. It is characterized by intense competition, changing consumer preferences, and technological advancements that continually drive innovation.
The Alkaline Water Electrolysis Hydrogen Production Equipment market is comprised of several sub-sectors, including but not limited to: electronics, healthcare, automotive, consumer goods,…
Diaphragm for Alkaline Electrolysis Market Key Component for Alkaline Electrolys …
Global Diaphragm for Alkaline Electrolysis Market Overview:
The Diaphragm for Alkaline Electrolysis market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Diaphragm for Alkaline Electrolysis market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Electrolyzer for Water Electrolysis Market Enabling Efficient Hydrogen Productio …
Global Electrolyzer for Water Electrolysis Market Overview:
The Electrolyzer for Water Electrolysis market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Electrolyzer for Water Electrolysis market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Water Electrolysis Market Growth Statistics 2022-28
The global water electrolysis market size was valued at USD 10.0 billion in 2021, growing at a CAGR of 5.6% during the forecast period from 2022 to 2028. Over the past two decades, water electrolysis has been increasingly popular, and this trend is expected to last throughout the projected period. Additionally, as the new technology ecosystem continues to be supported by the global regulatory framework governing pollution levels and environmental…
