MarkNtel Advisors recently published a detailed industry analysis of the Global Water Electrolysis. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Water Electrolysis Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Water Electrolysis Market size was valued at around USD 1.8 billion in 2023 & is estimated to grow at a CAGR of about 7.1% during the forecast period, i.e., 2024-30.
What are the major Driver the Global Water Electrolysis industry?
Transition to Sustainability to Have a Positive Impact on Market Expansion – The rising emphasis on environmental sustainability has prompted industries and businesses in the commercial sector to identify hydrogen as a crucial element for numerous future applications. With a heightened interest in hydrogen as a green energy solution, ongoing innovations & technological advancements primarily target sustainable methods of hydrogen production, hence instigating the Water Electrolysis Market.
Hydrogen finds extensive use across various industries, particularly in fuel cell-based applications, significantly impacting hydrogen production. A water electrolysis machine stands as an efficient solution for producing hydrogen in a sustainable manner & in considerable volume, meeting the substantial demand for hydrogen as a green energy source, further elevating the market share in the upcoming years.
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What segments define the Global Water Electrolysis from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Product
- Alkaline Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
- Proton Exchange Membrane (PEM) Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
- Solid Oxide Electrolyzer Cell (SOEC)- Market Size & Forecast 2019-2030F, USD Million
- Anion Exchange Membrane (AEM) Electrolyzers- Market Size & Forecast 2019-2030F, USD Million
According to report, Alkaline water electrolysis processes, with salt water electrolysis machine, is presumed to hold a substantial share of the Water Electrolysis Market due to its higher demand among the end-users.
- By Application
- Refining Industry- Market Size & Forecast 2019-2030F, USD Million
- Power & Energy Store- Market Size & Forecast 2019-2030F, USD Million
- Ammonia Production- Market Size & Forecast 2019-2030F, USD Million
- Methanol Production- Market Size & Forecast 2019-2030F, USD Million
According to report, The Transportation Industry captures the potential share of the Water Electrolysis Market and is expected to grow at a fast pace over the forecast period.
- By Input Power
- Below 5kW- Market Size & Forecast 2019-2030F, USD Million
- 2kW-5kW- Market Size & Forecast 2019-2030F, USD Million
- Above 5kW- Market Size & Forecast 2019-2030F, USD Million
- By Hydrogen Production
- Below 500L/Hr- Market Size & Forecast 2019-2030F, USD Million
- 500-2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million
- Above 2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million
- By End Users
- Chemical Industry- Market Size & Forecast 2019-2030F, USD Million
- Electronics & Semiconductors Industry- Market Size & Forecast 2019-2030F, USD Million
- Power Plants- Market Size & Forecast 2019-2030F, USD Million
- Petroleum Industry- Market Size & Forecast 2019-2030F, USD Million
- Pharmaceutical Industry- Market Size & Forecast 2019-2030F, USD Million
- Others (Steel Plants, Transportation/Mobility Industry, etc.)- Market Size & Forecast 2019-2030F, USD Million
Explore the Complete Global Water Electrolysis Analysis Report –
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Geographical Analysis: Global Water Electrolysis
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Water Electrolysis Share & Competitive Landscape:
The Water Electrolysis Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Water Electrolysis are:
- Audlong Machinery Manufacturing Co., Ltd.
- ThyssenKrupp AG
- Linde plc
- Siemens AG
- Plug Power Inc.
- Cummins Inc.
- Erre Due SpA
- Peak Scientific Instruments
- Asahi Kasei Corporation
- Nel ASA
- ITM Power Plc
- Enapter AG
- John Cockerill
- Proton Onsite
- Teledyne Technologies Inc.
Global Water Electrolysis Industry Recent Developments
- 2023: Siemens Energy has revealed plans to commence the production of electrolysis modules (stacks) at the multi-gigawatt electrolyzer facility located in Berlin, aiming to scale up to a three-gigawatt production capacity by 2025.
- 2022: Cummins Inc. entered into a supply agreement with Hysetco for a 2.5-megawatt (MW) electrolyzer through its affiliate, Hydrogenics Europe N.V. This initiative by Hysetco is focused on establishing and operating the inaugural large-scale hydrogen mobility platform. The platform will seamlessly combine hydrogen production, distribution, and utilization, leveraging local hydrogen generation facilitated by an electrolyzer in Paris, France.
Questions Addressed in this Study
1.What factors are driving the Global Water Electrolysis growth?
2.How is the Global Water Electrolysis expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Water Electrolysis?
4.What is the current size of the Global Water Electrolysis, and how is it projected to change in the future?
6.What is the future outlook for the Global Water Electrolysis in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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