Analysis of Water Electrolysis Machine market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
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.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
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.
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.
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.
“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.”
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.
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.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
Currently, East Asia accounts for more than 20% share of the global water electrolysis machine market.
Global sales of water electrolysis machines are predicted to expand at a CAGR of 7.5% during the forecast period.
Some of the key manufacturers of water electrolysis machines are Siemens Gamesa, Thyssenkrupp Uhde Chlorine Engineers, Nel ASA, Asahi Kasei Corporation, and Enagic International Inc.
Need An Exclusive Report For Your Unique Requirement?