Global Hydrogen Electrolyzers Market Size By Product Type (Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer), By End-User (Chemicals, Automobile, Energy), By Geographic Scope And Forecast

Hydrogen Electrolyzers Market Size And Forecast

Hydrogen Electrolyzers Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2022 to 2030.

The growing global need for clean energy targets is expected to contribute in the growth of the global hydrogen electrolyzers market. Hydrogen electrolyzers use electric fluxes to convert water into hydrogen and oxygen gases. The widespread use of hydrogen electrolyzers in industries such as automotive, chemical, energy, medicine and biotechnology, hardware, glass, metal production, and manufacturing may provide significant development opportunities. The Global Hydrogen Electrolyzers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Hydrogen Electrolyzers Market Definition

So, hydrogen is a real workhorse in industries like chemicals, electronics, and even glassmaking! It's made in a couple of ways – sometimes it's the main goal, other times it's a happy accident. Right now, fossil fuels are doing most of the heavy lifting, like, over 90% of the hydrogen we use comes from them. Electrolysis – using electricity to split water – only covers a tiny bit of the need. But there are these cool gadgets called electrolyzers, like alkaline, PEM (polymer electrolyte membrane), and solid oxide types. They all break down water into oxygen and hydrogen gas with electricity, just in slightly different ways and with different levels of efficiency.

These electrolyzers are available in a variety of capacities to fulfil the optimal volume need for various applications, with hydrogen generation ranging from small scale production (100 liter/h) to large scale production (1000 liter/h). Governments throughout the world are focusing their efforts on developing a sustainable hydrogen economy, in which electrolyzers are projected to play an important part in the coming years. Furthermore, hydrogen electrolyzers are expected to grow appeal in small-scale industrial applications, with more end-users preferring on-site hydrogen generation in industries such as food and beverage, metal manufacturing and fabrication, electronics, and others.

Global Hydrogen Electrolyzers Market Overview

Looking ahead, it seems like government rules and collaborations between the public and private sectors – all pushing for hydrogen in cars and as an energy source – will be the biggest things fueling the growth of the electrolyzer market. Plus, if it costs too much to move hydrogen long distances, or if making electricity from natural gas is super expensive, expect to see folks using smaller electrolyzers to make their own hydrogen right where they need it. Even though we're getting better at making hydrogen electrolyzers (which is bringing costs down), we're still not as cheap as older methods like steam methane reforming. But hang tight! We're making progress in how electrolyzers work, like improving catalysts and membranes, which should lower electrolysis costs in the next ten years. And don't forgetas we get better at storing hydrogen and building high-pressure electrolyzers, we'll likely see some really exciting opportunities pop up in the global hydrogen electrolyzer market.

Hey, so you know how everyone's trying to ditch dirty fuels like coal and gas? Well, hydrogen is a big part of that, and its zero-emission potential is a major reason the market is booming. Generating renewable hydrogen has some cool perks. Think about all that extra power wind turbines and solar panels sometimes make – we can use that to create hydrogen! Plus, renewable energy farms are often way out in the sticks. But if we turn that electricity into hydrogen through electrolysis, we can transport it anywhere, kinda like how we move liquefied natural gas (LNG), without being stuck to the power grid. With everyone wanting cleaner energy, this trend of hooking up hydrogen electrolyzers to renewable sources is only gonna fuel market growth in the future. Learn More! It's the future!

So, there are lots of ways to make hydrogen, like using electrolysis, messing with heat (thermochemical stuff), using light (photolytic processes), or even good ol' biology! But here's the thingmaking hydrogen with electrolysis is having a tough time keeping up, especially with thermochemical methods, because it only makes up about 5% of all the hydrogen we produce. And while other methods like using sunlight to split water (photolysis) or using microbes and stuff (biological processes) are promising for cleaner, long-term hydrogen, they're still pretty new. All this means that because there are already good, cheap ways to make hydrogen, it might slow down how fast the market for hydrogen electrolyzers grows.

Global Hydrogen Electrolyzers MarketSegmentation Analysis

The Global Hydrogen Electrolyzers Market is segmented based on Product Type, End-User, and Geography.

Hydrogen Electrolyzers Market, By Product Type

• Proton Exchange Membrane (PEM) Electrolyzer• Alkaline Electrolyzer• Solid Oxide Electrolyzer

Okay, so when we look at Product Type, the market's broken down into a few main playersProton Exchange Membrane (PEM) Electrolyzers, Alkaline Electrolyzers, and Solid Oxide Electrolyzers. Now, it looks like Alkaline Electrolyzers are going to be a big deal, grabbing a larger chunk of the hydrogen electrolyzer market as we go forward. Why? Well, they're way easier on the wallet than those fancy PEM ones. That makes them a popular choice for making hydrogen right where you need it. Plus, Alkaline Electrolyzers can handle bigger stacks, which means more hydrogen and a more reliable system. So, thanks to that lower price tag and beefier production capacity compared to PEM Electrolyzers, expect the Alkaline Electrolyzer market to keep chugging along nicely.

Hydrogen Electrolyzers Market, By End-User

• Chemicals• Automobile• Energy• Food and beverages• Pharmaceutical & Biotechnology• Electronics• Glass• Metal production and Fabrication

Based on End-User, the market is further segmented into Chemicals, Automobile, Energy, Food and beverages, Pharmaceutical & Biotechnology, Electronics, Glass, Metal production and Fabrication. Hydrogen is used in a variety of industrial applications, including chemicals, electronics, and glass. It is manufactured both as a primary product and as a byproduct. Over 90% of total global hydrogen consumption is determined by fossil fuel-based supplies. Hydrogen generated by water electrolysis meets just a small portion of this requirement.

Hydrogen Electrolyzers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Hydrogen Electrolyzers Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The worldwide hydrogen electrolyzer market is likely to be dominated by North America and Western Europe. The Asia-Pacific market is still in its infancy in terms of untapped opportunity; however, over the forecast period, a market in Asia-Pacific is expected to create significant growth opportunities due to increasing use of hydrogen across various end-use industries such as glass, electronics, welding & metal fabrication, and so on.

Key Players

The “Global Hydrogen Electrolyzers Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Giner Inc., Nel Hydrogen, McPhy Energy S.A, ELB Elektrolysetechnik GmbH, Hydrogenics, Tianjin Mainland Hydrogen Equipment Co. Ltd, Areva H2Gen, ITM Power Plc, Siemens AG, GreenHydrogen.dk ApS are a few major companies operating in the Hydrogen Electrolyzers Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2019, Nel ASA introduced the M-Series containerized large-scale PEM electrolyzers in 1 and 2 MW variants, with improved reliability and easier and more flexible installation.

• In March 2019, H-TEC Systems introduced the Megawatt PEM Electrolyzer ME 450/1400, which has the capacity to produce 450 kgs of hydrogen per day.

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Reasons to Purchase this Report

We dig into the market using both qualitative (think feelings and reasons) and quantitative (numbers and stats) analysis, breaking it down by segments based on things like money and even things that aren't about money. We'll give you the market value in USD Billion for each of those segments and sub-segments, and we'll point out which region and segment is expected to grow the fastest and be the biggest. We also look at each region, showing how much of the product/service is being used and what's driving the market there. You'll get a look at the competitive landscape, including rankings of the big players, plus what new stuff they've launched, who they've partnered with, and who they've bought or expanded with over the last five years. We'll also provide detailed company profiles with an overview, insights, product comparisons, and a SWOT analysis for the major players. Expect a current and future view of the industry, including new opportunities, drivers, challenges, and restraints in both new and established regions. We also offer a deep dive from different angles using Porter's five forces analysis, insights into the market via the Value Chain, a look at market dynamics and where the growth opportunities are heading. Oh, and we'll throw in 6 months of analyst support after the sale!

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