DUBLIN--(BUSINESS WIRE)--The "Electrolyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global electrolyzer market reached a value of US$ 421 Million in 2021. Looking forward, the publisher expects the market to reach US$732 Million by 2027, exhibiting a CAGR of 9.45% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor
An electrolyzer is a system that relies on electricity for carbon-free hydrogen production using renewable and nuclear resources. It comprises pumps, vents, storage tanks, separators, and other components. It is nowadays gaining traction around the world for generating electricity with zero emissions compared to fossil fuels that release harmful gases in the environment. At present, it is available in a wide range of sizes and functions, ranging from small industrial plants installed in shipping containers to large-scale centralized production facilities that can deliver hydrogen via trucks.
Electrolyzer Market Trends:
Due to rising environmental concerns among individuals and increasing awareness about the harmful impact of burning fossil fuels, there is a significant rise in the demand for clean fuels across the globe. This can also be attributed to stringent policies implemented by governing authorities of numerous countries to control greenhouse gas (GHG) emissions from the automotive industry. Besides this, there is an increase in the adoption of electrolyzers to power hydrogen fuel cell electric trains, buses, trucks, and other vehicles. Moreover, rising sales of electric vehicles (EVs) are driving the demand for hydrogen refueling stations and electrolyzers.
Apart from this, they are used to supply industrial gas in the steel industry, flat glass plants, and semi-conductor applications. They are also utilized in natural gas grids to lower carbon heating and refineries to remove sulfur from fossil fuels. Furthermore, electrolyzers find applications in the production of green chemicals, such as methanol, fertilizers, ammonia, and liquid jet fuel. Besides this, the increasing adoption of wind and solar panels for electricity generation is projected to offer lucrative growth opportunities to market players operating in the industry.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global electrolyzer market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, capacity and application.
Breakup by Product:
- Alkaline Electrolyzer
- PEM Electrolyzer
- Solid Oxide Electrolyzer
Breakup by Capacity:
- Less than 500 kW
- 500 kW to 2 MW
- Above 2 MW
Breakup by Application:
- Power Generation
- Transportation
- Industry Energy
- Industry Feedstock
- Building Heat and Power
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Electrolyzer Market
6 Market Breakup by Product
7 Market Breakup by Capacity
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
Companies Mentioned
- Air Liquide S.A.
- Air Products
- Chemicals Inc.
- Asahi Kasei Corporation
- Cummins Inc.
- ITM Power plc
- Linde plc
- McPhy Energy S.A.
- Nel ASA
- Plug Power Inc.
- Siemens AG
- Titanium Tantalum Products Limited
- Toshiba Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/gdf7w2
