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Hydrogen Electrolyzer Market Overview

The report is titled as ‘Hydrogen Electrolyzer Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the hydrogen electrolyzer market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Hydrogen electrolyzer market is expected to grow with significant rate in the near future.

In 2020, global hydrogen electrolyzer market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

Hydrogen Electrolyzer Introduction

Electrolysis is appearing as a promising option, in recent times, for carbon-free hydrogen generation from nuclear and renewable resources. Electrolysis is basically a procedure of utilizing electricity to break water into hydrogen and oxygen. This counteraction comes about in a unit known as an electrolyzer. Electrolyzers can scale in size from small, equipment-size appliance that is well-qualified and appropriate for small-scale distributed hydrogen generation to large-scale, center generation facilities that could be linked directly to renewable or other non-greenhouse-gas-emitting forms of electricity generation.

Hydrogen is employed all across different industrial applications such as electronics, chemicals, glass, and many more., is generated both as a principal product and a by-product. About 90% of the entire hydrogen demand all around the world differs as per the fossil fuel-based resources. The hydrogen electrolyzer splits water into oxygen and hydrogen gasses by channelizing electric current. With the purpose to get in harmony with the optimal volume demand for various applications, these electrolyzers are also available in different capabilities. One of the primary factors that is majorly boosting the demand of hydrogen electrolyzer is stringent regulations from the government and the public-private partnerships for encouraging the usage of hydrogen as an automotive fuel and energy bearer which is projected to offer a major breakthrough to the growth of the global hydrogen electrolyzer market in the coming years.

Hydrogen Electrolyzer Market Segmentation

The global hydrogen electrolyzer market is segmented on the basis of product type, capacity, output pressure, application, and region.

By Product Type

Proton Exchange Membrane (PEM) Electrolyzer

Alkaline Electrolyzer

Solid Oxide Electrolyzer

By Capacity

Low (<500 kW)

Medium (500 kW to 2 MW

High (Above 2 MW)

By Output Pressure

Low (≤10 bar)

Medium (10 bar – 40 bar)

High (≥ 40 bar)

By Application

Ammonia

Methanol

Refinery Industry

Electronics

Energy

Power to Gas

Transport

Metal Production & Fabrication

Pharma & Biotech

Food & Beverages

Glass Industry

Others

By Region

               North America

               Latin America

               Europe

               Asia Pacific

               Middle East

               Africa

Hydrogen Electrolyzer Market Key Players

Some of the key participating players in global hydrogen electrolyzer market are:

Siemens AG

Nel Hydrogen

McPhy Energy S.A

ITM Power Plc

Hydrogenics

Tianjin Mainland Hydrogen Equipment Co. Ltd.

Areva H2Gen

Giner Inc.

ELB Elektrolysetechnik GmbH

GreenHydrogen.dk ApS

iGas Energy GmbH

Beijing CEI Technology Co., Ltd.

Next Hydrogen

Accagen SA

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Hydrogen Electrolyzer

Advantages of Hydrogen Electrolyzer

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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