Water Electrolysis Machine Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Oct-2020 | List of Tables : 60 | List of Figures : 90 | No. of Pages : 170 | Report Code : FACT5248MR |

Water Electrolysis Machine Market Overview

The water electrolysis machine market is expected to reflect a strong rise on the basis of value at a very healthy 7% CAGR for the period of 2020 to 2030. Water electrolysis machines are devices that are primarily used for clean generation of hydrogen, for applications in a wide range of commercial and research sectors.

Increased private investments and favorable government policies towards sustainable and renewable energy sources, and the application of hydrogen in chemicals, steel, petroleum, electronics & semiconductors, pharmaceuticals, electronics, and power generation, are key factors aiding the expansion of the global water electrolysis machine market size.

Water Electrolysis Machine Market Insights by Type

Water electrolysis machines are available in 2 key types – proton exchange membranes and alkaline water electrolysis, among others. Proton exchange membranes for water electrolysis are expected to remain dominant in terms of adoption throughout the assessment period. This process is highly sought-after as a source for high purity hydrogen used in energy storage and chemical sector applications.

Proton exchange membranes are projected to hold a relatively larger market share in comparison to that of alkaline water electrolysis processes in the water electrolysis machine market, on the back of benefits from differential pressure operations and the use of deionized water, which minimizes the crossover of hydrogen even in high pressure settings and in variable temperatures. This technology is gaining attention, especially for on-site hydrogen generation applications, which bodes well for the segment in the water electrolysis machine market space for the foreseeable future.

water electrolysis machine market analysis by type

To gain in-depth insights on the sales prospects of different types of water electrolysis machines, request a report sample

Water Electrolysis Machine Market Insights by Application

Applications in the chemical sector are projected to reflect relatively faster growth in the water electrolysis machine market throughout the forecast period, in comparison to other end-use sectors such as steel, petroleum, electronics, pharmaceuticals, and power generation. Rising adoption of water electrolysis machines in the chemical industry can be attributed to extensive requirements of hydrogen generation in ammonia fertilizer production, iron ore reduction, and methanol production, in addition to fuel additive and fuel cell development.

Another major area of application for water electrolysis machines is the petroleum industry. Hydrogen applications in the processing and refining of crude oil have resulted in the adoption of water electrolysis technologies in large-scale plants that conventionally use hydrocarbon fuels and natural gas for their hydrogen needs.

Regional Outlook of Water Electrolysis Machine Market

Asia Pacific is projected to be the largest regional market with the highest water electrolysis machine market share through 2030. Growth of this market can be attributed to extensive industrial development in China and India, generating demand for high purity hydrogen. Also, lower costs of manufacturing and manpower to produce water electrolysis machines are expected to be beneficial for the Asia Pacific region in the global water electrolysis machine market in the long term.

North America is another fast-growing market, driven by hydrogen demand in the United States. Investments towards the development and production of hydrogen fuel cells, and favorable policies towards environment protection and energy security, are expected to drive demand for water electrolysis machines over the coming years.

water electrolysis machine market regional analysis

For deeper understanding of the sales prospects of different water electrolysis machines across regional markets, ask an expert analyst

Water Electrolysis Machine Market: Competitive Landscape

The global water electrolysis machine market is moderately consolidated in nature, owing to the presence of a number of large- and medium-scale manufacturers. Some of the more prominent participants in the water electrolysis machine market are Air Products and Chemicals Inc., Kobel Co Eco-Solutions, AREVA H2Gen, Toshiba Lifestyle Products & Services Corporation, Asahi Kasei Corporation, ThyssenKrupp AG, C&E Environmental Technology Co. Ltd., Teledyne Technologies Inc., and Enagic, among others.

Leading market players in the industry are largely channelizing their resources towards the development of new water electrolysis technology offerings, in addition to strategic collaborations and acquisitions to consolidate their market share.

  • For instance Tyssenkrupp has unveiled its proprietary water electrolysis technology, aimed at power plant operations in collaboration with E.ON for virtual power plants for operators to link to the German electricity industry. The company has also entered a strategic cooperation agreement with Air Products and Chemicals Inc. for the development of world-scale green hydrogen generation projects.
  • In April 2020, Asahi Kasei Corporation initiated a project for hydrogen supply in Namie Futuba, Fukushima, with a massive energy scale of 10 MW, in collaboration with Toshiba Energy Systems & Solutions Corp. The company has also collaborated with Tohoku Electric Power Co. Inc. and Iwatani Corp for hydrogen technology development projects.

COVID-19 Impact on Water Electrolysis Machine Market

Many end-user sectors that operate water electrolysis machines have been impacted by the coronavirus pandemic, hindering short-term demand. Strict lockdowns and restrictions imposed by governments have impacted the supply chains for essential raw materials and components. Further, restricted international trade, especially in terms of non-essential commodities, will hurt the prospects of the water electrolysis machine market throughout the crisis.

On the other hand, the water electrolysis machine market is projected to witness steady recovery in 2021, as public and private investments towards renewables and hydrogen generation are expected to regain impetus in the near future.

The Analyst’s Viewpoint

“Rising global demand for sustainable, carbon-free sources of energy, widening scope of applications for water electrolysis in multiple end-use sectors, and improvements in the integration of renewables for power to gas facilities are key factors that will drive the growth of the water electrolysis machine market throughout the forecast period.”

Global Water Electrolysis Machine Market: Scope of the Report

A new report on the global water electrolysis machine market published by Fact.MR provides a 10-year forecast for the period of 2020 to 2030. The report encompasses essential drivers, restraints, opportunities, and threats to the rise of the global water electrolysis machine industry. An in-depth segmented analysis on the basis of type input power, hydrogen production, application, and region has been incorporated in the study.

Regional analysis on the basis of business execution, supply chain analysis, and market value analysis provides a detailed perspective about the future developments of the water electrolysis machine market. Furthermore, a section on the structure of the market has also been added. This section gives details on major market players and their strategies for growth in the water electrolysis machine market.

Water Electrolysis Machine Market - Scope of the Report

Fact.MR has recently published a market report on the global water electrolysis machine market. The study provides comprehensive assessment on major market dynamics, such as the drivers, trends, opportunities, restraints, and other important information on the water electrolysis machine market structure. The study provides exclusive information on how the water electrolysis machine market will develop for the duration of the forecast period of 2020 to 2030. 

Critical indicators of market growth, such as Year-on-Year (Y-o-Y) growth of the market, supply chain analysis, value chain, and Compounded Annual Growth Rate (CAGR) are discussed in detail. This information can aid readers in understanding the quantitative growth factors influencing the water electrolysis machine market during the forecast period.

The study can be helpful for stakeholders in the water electrolysis machine market, including suppliers, manufacturers, investors, and distributors, assisting in the development of appropriate growth strategies. Investors, researchers, industry experts, and journalists, in addition to business researchers, can make use of the information and data given in this Fact.MR study.

The study also covers statistics and facts on the macro- and micro-economic factors that are influencing developments in the water electrolysis machine market. It also provides actionable insights on the future trends in the water electrolysis machine industry. Also, small-scale players and new entrants in the water electrolysis machine market can leverage the data presented in this study, for making appropriate business decisions to gain traction in the global water electrolysis machine market.

Key Segments of Water Electrolysis Machine Market 

Fact.MR’s report on the water electrolysis machine market offers information classified into five major segments — type, input power, hydrogen production, application, and region. This report offers detailed data about essential market dynamics and growth parameters that are relevant to these categories. 

Type

  • Proton Exchange Membrane
  • Alkaline Water Electrolysis
  • Others
Input Power
  • Below 5 kW
  • 2 kW – 5 kW
  • Above 5 kW
Hydrogen Production
  • Below 500
  • 500 – 2000
  • Above 2000
Application
  • Chemicals
  • Petroleum
  • Pharmaceuticals
  • Power Plants
  • Electronics & Semiconductors
  • Steel Plants
  • Others
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Key Questions Answered in Fact.MR’s Water Electrolysis Machine Market Report

  • Which regions will remain the most profitable regional markets for water electrolysis machine market players?
  • Which factors will induce a change in the demand for water electrolysis machines during the assessment period?
  • How will changing trends impact the progress of the water electrolysis machine market?
  • How can market players capture the low-hanging opportunities in the water electrolysis machine market in developed regions?
  • Which companies are leading the water electrolysis machine market?
  • What are the winning strategies of stakeholders in the water electrolysis machine market to upscale their position in this landscape?
  • What is the impact of the COVID-19 pandemic on the global water electrolysis machine market?

Water Electrolysis Machine Market: Research Methodology 

In Fact.MR’s study, a unique research methodology is used to conduct extensive research on the growth of the water electrolysis machine market, reaching conclusions on the future parameters of growth for the market. This research methodology is a combination of primary and secondary research, which aids analysts in making use of accurate and reliable conclusions for the study.

Secondary resources covered by analysts during the preparation of the water electrolysis machine market report include statistics from trade journals, governmental organizations, internal and external proprietary databases, and white papers. Analysts have interviewed product portfolio managers, senior managers, VPs, CEOs, market intelligence managers, and marketing/product managers, all of whom have contributed to the development of the water electrolysis machine report as a primary resource.

Global Water Electrolysis Machine Market: Table of Contents

1. Executive Summary

    1.1. Global Market Overview

    1.2. Global Water Electrolysis Machine Market – Regional Overview

    1.3. Analysis and Recommendations by Fact.MR

2. Market Overview

    2.1. Market Introduction and Definition

    2.2. Research Scope

3. Market Risks &Trends Assessment

    3.1. COVID-19 Hotspot

    3.2. Global COVID-19 Outbreak Intensity

    3.3. Before Corona Outbreak Global GDP Scenario

    3.4. After Corona Outbreak Global GDP Predictions and Comparison Of Financial Crisis with COVID 19

    3.5. Industries Affected by Outbreak

    3.6. Impact of COVID-19 by Region

    3.7. COVID-19 Impact Benchmark with Previous Crisis 

    3.8. Impact of Coronavirus Outbreak on Water Electrolysis Machine Market

4. Market Background

    4.1. State of Water Management Industry

    4.2. Landscape of The Water Electrolysis Machine Industry

    4.3. Global Hydrogen Production Companies: Strategic Outlook

    4.4. Water Electrolysis Industry Comparison with Thermochemical Process

    4.5. Developments in the Field of Water Electrolysis

    4.6. Water Electrolysis Machine - Evolution and Transition with Timeline

    4.7. Recent Developments in Water Electrolysis Machine Industry

    4.8. Growth and Development Patterns in Water Electrolysis Machine Market

    4.9. Market White Space Assessment and Opportunity Analysis

    4.10. Recent Development in Water Electrolysis Machine Market, By Market Players

    4.11. Competitive Scenario and Trends

        4.11.1. Water Electrolysis Machine Market Concentration Rate

        4.11.2. List of Emerging, Prominent and Leading Players

        4.11.3. Mergers & Acquisitions

    4.12. Scenario Forecast

5. (Demand in optimistic, likely, and conservative market conditions)

    5.1. Policy and Regulatory Landscape

    5.2. Macro-Economic Factors

    5.3. Forecast Factors - Relevance & Impact

    5.4. Market Dynamics

        5.4.1. Market Driving Factors and Impact Assessment

        5.4.2. Prominent Market Challenges and Impact Assessment

        5.4.3. Water Electrolysis Machine Market Opportunities

        5.4.4. Prominent Trends in the Global Market & Their Impact Assessment

6. Global Water Electrolysis Machine Market – Price Point Analysis

    6.1. Regional Pricing Analysis by Machine Type

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Global Water Electrolysis Machine Market Demand Analysis 2015-2019 and Forecast, 2020-2030

    7.1. Historical Market Value Analysis, 2015-2019

    7.2. Current and Future Market Value Projections, 2020-2030

8. Global Water Electrolysis Machine Market Analysis 2015-2019and Forecast 2020-2030, By Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Type, 2015-2019

    8.3. Current and Future Market Size (US$ Mn) and Volume (Thousand Units) Analysis and Forecast By Type, 2020-2030

        8.3.1. Proton Exchange Membrane (PEM)

        8.3.2. Alkaline Water Electrolysis

        8.3.3. Others

    8.4. Market Attractiveness Analysis By Type

9. Global Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030, by Input Power

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Input Power, 2015-2019

    9.3. Current and Future Market Size (US$ Mn) and Volume (Thousand Units) Analysis and Forecast By Input Power, 2020-2030

        9.3.1. Below 5 kW

        9.3.2. 2 kW – 5 kW

        9.3.3. Above 5 kW

    9.4. Market Attractiveness Analysis By Input Power

10. Global Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030, by Hydrogen Production

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) By hydrogen Production, 2015-2019

    10.3. Current and Future Market Size (US$ Mn) and Volume (Thousand Units) and Forecast By Hydrogen Production,2020-2030

        10.3.1. Below 500

        10.3.2. 500 - 2000

        10.3.3. Above 2000

    10.4. Market Attractiveness Analysis By Hydrogen Production

11. Global Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030, by Application

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) By Application, 2015-2019

    11.3. Current and Future Market Size (US$ Mn) and Volume (Thousand Units) and Forecast By Application,2020-2030

        11.3.1. Chemical

        11.3.2. Petroleum

        11.3.3. Pharmaceuticals

        11.3.4. Power Plants

        11.3.5. Electronics & Semiconductors

        11.3.6. Steel Plants

        11.3.7. Others

    11.4. Market Attractiveness Analysis By Application

12. Global Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) By Region, 2015-2019

    12.3. Current Market Size (US$ Mn) and Volume (Thousand Units) and Forecast By Region, 2020-2030

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. Asia Pacific

        12.3.5. MEA (Middle East and Africa)

    12.4. Market Attractiveness Analysis By Region

13. North America Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) By Market Taxonomy, 2015-2019

    13.3. Market Size (US$ Mn) and Volume (Thousand Units) and Volume Forecast By Market Taxonomy, 2020-2030

        13.3.1. By Country

            13.3.1.1. U.S.

            13.3.1.2. Canada

            13.3.1.3. Rest of North America

        13.3.2. By Type

        13.3.3. By Input Power

        13.3.4. By Hydrogen Production

        13.3.5. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Type

        13.4.3. By Input Power

        13.4.4. By Hydrogen Production

        13.4.5. By Application

14. Latin America Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Market Taxonomy, 2015-2019

    14.3. Market Size (US$ Mn) and Volume (Thousand Units) By Market Taxonomy, 2020-2030

        14.3.1. By Country

            14.3.1.1. Brazil

            14.3.1.2. Rest of Latin America

        14.3.2. By Type

        14.3.3. By Input Power

        14.3.4. By Hydrogen Production

        14.3.5. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Type

        14.4.3. By Input Power

        14.4.4. By Hydrogen Production

        14.4.5. By Application

15. Europe Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Market Taxonomy, 2015-2019

    15.3. Market Size (US$ Mn) and Volume (Thousand Units) Forecast By Market Taxonomy, 2020-2030

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. France

            15.3.1.3. UK

            15.3.1.4. Rest of Europe

        15.3.2. By Type

        15.3.3. By Input Power

        15.3.4. By Hydrogen Production

        15.3.5. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Type

        15.4.3. By Input Power

        15.4.4. By Hydrogen Production

        15.4.5. By Application

16. Asia Pacific Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Market Taxonomy, 2015-2019

    16.3. Market Size (US$ Mn) and Volume (Thousand Units) Forecast By Market Taxonomy, 2020-2030

        16.3.1. By Country

            16.3.1.1. China

            16.3.1.2. Japan

            16.3.1.3. India

            16.3.1.4. Rest of Asia Pacific

        16.3.2. By Type

        16.3.3. By Input Power

        16.3.4. By Hydrogen Production

        16.3.5. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Type

        16.4.3. By Input Power

        16.4.4. By Hydrogen Production

        16.4.5. By Application

17. Middle East & Africa Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) and Volume (Thousand Units) Analysis By Market Taxonomy, 2015-2019

    17.3. Market Size (US$ Mn) and Volume (Thousand Units) Forecast By Market Taxonomy, 2020-2030

        17.3.1. By Country

            17.3.1.1. GCC Countries

            17.3.1.2. South Africa

            17.3.1.3. Rest of Middle East & Africa

        17.3.2. By Type

        17.3.3. By Input Power

        17.3.4. By Hydrogen Production

        17.3.5. By Application

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Type

        17.4.3. By Input Power

        17.4.4. By Hydrogen Production

        17.4.5. By Application

18. Global Water Electrolysis Machine Market Analysis 2015-2019 and Forecast 2020-2030, Key Country Analysis

19. Market Structure Analysis

    19.1. Global Water Electrolysis Machine Market Competition - a Dashboard View

    19.2. Market Structure Analysis

    19.3. Market Tier Structure Analysis

20. Competition Analysis

    20.1. Air Products & Chemicals Inc.

    20.2. AREVA H2Gen

    20.3. Asahi Kasei Corporation

    20.4. C&E Environmental Technology Co. Ltd.

    20.5. Enagic

    20.6. Eneco Holdings.

    20.7. ErreDue S.p.A.

    20.8. Hitachi Zosen Corporation

    20.9. Hydrogenics

    20.10. Linde AG

    20.11. Nel ASA

    20.12. Peak Scientific

    20.13. ProtonOnsite

    20.14. Siemens AG

    20.15. Teledyne Energy Systems Inc.

    20.16. Teledyne Technologies Incorporated

    20.17. ThyssenKrupp AG

    20.18. 19.11. Toshiba Lifestyle Products & Services Corporation

    20.19. 19.12. Kobel co Eco-Solutions

21. Research Approach

22. Acronyms & Assumptions Used

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Malaysian Cocoa Board
Dunlop International Europe Ltd
Roland Berger
Superior Essex
Commscope
Deloitte

Fact.MR in Media

Water Electrolysis Machine Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030