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Hydrogen Electrolyzer Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCH21451

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Published on

October 2021

Total pages

275

Table of Content

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About the Report

About the Report

Electrolysis is the process of utilizing electricity to split water into hydrogen and oxygen. The different processes used for hydrogen production include traditional alkaline electrolysis, solid oxide and PEM electrolysis. The technical and economic advantages of hydrogen electrolyzer include producing pure hydrogen, producing hydrogen on-site, and is expected to be a low-cost method for producing highly efficient hydrogen during the foreseeable future. The power generation units across the globe shifting from traditional battery-based systems for power storage to novel technologies such as hydrogen electrolyzers are driving the market outlook. In addition, surging need for highly efficient and low-space utilizing energy storage systems to handle the electricity produced from solar, wind, and hydropower generation units are primary factors driving the global hydrogen electrolyzers market during the forecast period.

Based on product, the market is classified into alkaline electrolyzer, PEM electrolyzer and solid oxide electrolyzer. Currently, PEM electrolyzer captured substantial share in the global hydrogen electrolyzer market. It is mainly owing to its high current densities, compact system design, and rapid response toward current fluctuations. The ongoing adoption of various policies and norms by developing nations to increase the share of renewables in the overall energy mix is set to boost the product adoption.

Based on capacity, the market is segmented into < 500 kW, > 500 kW-2 MW, above 2 MW. Currently > 500 kW-2 MW segment acquired considerable market share in hydrogen electrolyzer market. In 2020, the electrolyzer with capacity >500 KW to 2MW dominated the market share owing to ongoing electrification programs across off grid/rural areas along with growing industrialization will fuel the market outlook. However, the electrolyzer with capacity above 2 MW are expected to grow at a higher pace during the forecast period.

Based on application, the market is segmented power generation, transportation, industry energy, industry feedstock, building heating & power and others. Currently, power generation segment caters considerable market share in 2020. It is mainly owing to an increasing proportion of renewables coupled with increasing infrastructural investments across the commercial sector and the growing need for energy imports will energize the industry dynamics.

For a better understanding of the market adoption of hydrogen electrolyzer , the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. Europe constitutes the largest market for the industry and generated revenue of USD XX million in 2020 predominantly because of focus toward alternative power solutions.

Some of the major players operating in the market include Green Hydrogen, Areva H2gen, Giner Inc., Enapter S.r.l., MVS Engineering Pvt. Ltd, Pure Energy Centre, Cummins Inc., ITM Power plc, McPhy Energy S.A, Siemens AG and Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Green Hydrogen, Areva H2gen, Giner Inc., Enapter S.r.l., MVS Engineering Pvt. Ltd, Pure Energy Centre, Cummins Inc., ITM Power plc, McPhy Energy S.A, Siemens AG

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Hydrogen Electrolyzer Market

2.1.1. Main Objective of the Global Hydrogen Electrolyzer Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 Global HYDROGEN ELECTROLYZER MARKET AMID COVID-19

6 Global Hydrogen Electrolyzer MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

7.1. Alkaline Electrolyzer

7.2. PEM Electrolyzer

7.3. Solid Oxide Electrolyzer

8 MARKET INSIGHTS BY CAPACITY

8.1. < 500 kW

8.2. > 500 kW-2 MW

8.3. Above 2 MW

9 MARKET INSIGHTS BY APPLICATION

9.1. Power Generation

9.2. Transportation

9.3. Industry Energy

9.4. Industry Feedstock

9.5. Building Heating & Power

9.6. Others

10 MARKET INSIGHTS BY REGION

10.1. North America HYDROGEN ELECTROLYZER Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Hydrogen Electrolyzer Market

10.2.1. Germany

10.2.2. United Kingdom

10.2.3. France

10.2.4. Rest of Europe

10.3. Asia Pacific Hydrogen Electrolyzer Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia-Pacific

10.4. Rest of World Hydrogen Electrolyzer Market

11 HYDROGEN ELECTROLYZER MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 HYDROGEN ELECTROLYZER MARKET OPPORTUNITIES

13 HYDROGEN ELECTROLYZER MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Porter's Five Forces Analysis

17.1.1. Bargaining power of Supplier

17.1.2. Bargaining power of Buyer

17.1.3. Industry Rivalry

17.1.4. Availability of Substitute

17.1.5. Threat of new Entrants

17.2. Competitive Landscape

17.2.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Green Hydrogen

18.2. Areva H2gen

18.3. Giner Inc.

18.4. Enapter S.r.l.

18.5. MVS Engineering Pvt. Ltd

18.6. Pure Energy Centre

18.7. Cummins Inc.

18.8. ITM Power plc

18.9. McPhy Energy S.A

18.10. Siemens AG

19 DISCLAIMER

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