The global Electrolyzer market was valued at US$ 165.8 million in 2020 and it is expected to reach US$ 611 million by the end of 2027, growing at a CAGR of 18.6% during 2021-2027.
Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
Global core Electrolyzer manufacturers include 718th Research Institute of CSIC, Proton On-Site etc.The top 3 companies hold a share about 35%.Asia Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 30% and 15%.
Global Electrolyzer Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electrolyzer Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Cummins, Teledyne Energy Systems, Suzhou Jingli, McPhy, TianJin Mainland, Siemens, Nel Hydrogen, Toshiba, Yangzhou Chungdean Hydrogen Equipment, Elogen, ITM Power, Idroenergy Spa, Erredue SpA, Kobelco Eco-Solutions, ShaanXi HuaQin, EM Solution, Beijing Zhongdian, H2B2, Elchemtech, Verde LLC, Shandong Saksay Hydrogen Energy, Asahi Kasei, ELB Elektrolyse technik GmbH and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electrolyzer-market-outlook
Segment by Type
- Traditional Alkaline Electroliser
- PEM Electroliser
Segment by Application
- Power Plants
- Steel Plant
- Electronics and Photovoltaics
- Industrial Gases
- Energy Storage or Fueling for FCEV’s
- Power to Gas
Table of Content:
1 Electrolyzer Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Electrolyzer Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Electrolyzer Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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