Hydrogen Electrolyzer Market Scope
Electrolysis is a promising alternative for hydrogen production through renewable resources. In electrolysis, electricity is used to split water into oxygen and hydrogen in a system known as an electrolyzer. A hydrogen electrolyzer is a system with an electrolyte solution, in which the electrodes such as anode and cathode have been placed. The anode is connected to the positive side whereas the cathode is connected to the negative side.
The market study is segmented by Type (Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Electrolyzer and Solid Oxide Electrolyzer) and major geographies with country level break-up. According to AMA, the Global Hydrogen Electrolyzer market is expected to see growth rate of 7.1%
Research Analyst at AMA estimates that German, France, and Switzerland Manufacturers will contribute to the maximum growth of Global Hydrogen Electrolyzer market throughout the predicted period.
Nel ASA (Norway), McPhy Energy (France), Hydrogenics GmbH (Germany), Tianjin Mainland Hydrogen Equipment (China), Giner (United States), Siemens (Germany), Areva H2Gen (France), GreenHydrogen (Denmark), IGas Energy Plc (United Kingdom) and Accagen SA (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Pure Energy Centre (United Kingdom) and IHT (Switzerland).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Hydrogen Electrolyzer market by Type, Application and Region.
On the basis of geography, the market of Hydrogen Electrolyzer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018.
Market Leaders and their expansionary development strategies
On 25 Feb 2019, Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and hydrogen fuel cell modules, announced that it has received an award by Air Liquide Canada to design, build and install a 20-megawatt electrolyzer system for a hydrogen production facility located in Canada. The facility is expected to be in commercial operation by the end of 2020, with an output of just under 3,000 tons of hydrogen annually.
On 22 Aug 2018, Nel ASA announced the construction of the world’s largest electrolyzer plant, fully automated and able to deliver the most efficient electrolyzers at a game-changing cost. The total development will have a nameplate capacity of 360 MW/year, approximately ten times the current annual production capacity, and the new facility will accommodate the multi-billion NOK order from Nikola Motor Company (Nikola). The manufacturing plant will be constructed as an extension of the current facility at Notodden, Norway, with total planned investments of around NOK 150 million.
- Hydrogen Is Already Outcompeting Fossil Fuels in Several Places in the World
- A Rise in the Use of Hydrogen in Refinery Hydro-Processing
- Increased Need for Eliminating High Hydrogen Transport Costs
- Rise in Demand for Eco-Friendly Fuels as an Energy Source
- Supportive Government Regulations towards Use of Hydrogen
- Decreasing Electrolyzer CAPEX
- Hydrogen Has Potential to Become a Preferred Fuel Alternative In The Future
- The Market is Highly Concentrated As there are Already Established Players
Key Target AudienceHydrogen Electrolyzer Manufacturers, Hydrogen Electrolyzer Sub Component Manufacturers, Hydrogen Electrolyzer Traders/Distributors, Hydrogen Electrolyzer Importer/Exporter, Regulatory & Government Bodies, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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