Electrolyzer Market Report 2022: Overview, Size, Share, Growth, Industry Trends & Future Scope 2027
According to the latest report by IMARC Group, titled “Electrolyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the electrolyzer market size. The global electrolyzer market reached a value of US$ 421 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 732 Million by 2027, exhibiting at a CAGR of 9.45% during 2022-2027.
An electrolyzer is a system
that consumes electricity to produce carbon-free hydrogen from renewable and
nuclear resources. It comprises pumps, vents, storage tanks, and separators for
generating electricity without releasing harmful gases into the environment. At
present, it is available in wide varieties ranging from small industrial plants
installed in shipping containers to large-scale centralized manufacturing
facilities, which can deliver hydrogen via trucks.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Electrolyzer
Market Trends:
The increasing utilization
of hydrogen as a feedstock in the chemical industry is propelling market
growth. Moreover, rising awareness among individuals about the harmful effects
of burning fossil fuels on the environment is escalating the demand for clean
fuels across the globe. This, along with government policies of numerous
countries that promote clean energy sources to develop a sustainable hydrogen
economy, is stimulating market growth. In addition, electrolyzers are used in
manufacturing green chemicals, such as methanol, fertilizers, ammonia, and
liquid jet fuel. They are also employed in petrochemical, electrical, mining,
healthcare, and steel industries worldwide to supply industrial gases.
Furthermore, the growing use of wind and solar panels for electricity
generation is projected to strengthen the market growth.
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Electrolyzer
Market 2022-2027 Analysis and
Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
Air Liquide S.A., Air
Products and Chemicals Inc., Asahi Kasei Corporation, Cummins Inc., ITM Power
plc, Linde plc, McPhy Energy S.A., Nel ASA, Plug Power Inc., Siemens AG,
Titanium Tantalum Products Limited and Toshiba Corporation.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Product:
- Alkaline Electrolyzer
- PEM Electrolyzer
- Solid Oxide Electrolyzer
Breakup
by Capacity:
- Less than 500 kW
- 500 kW to 2 MW
- Above 2 MW
Breakup
by Application:
- Power Generation
- Transportation
- Industry Energy
- Industry Feedstock
- Building Heat and
Power
- Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
·
Middle East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/electrolyzer-market
Key
highlights of the report:
- Market Performance
(2016-2021)
- Market Outlook
(2022-2027)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2022-2027) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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worldwide. We partner with clients in all sectors and regions to identify their
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products include major market, scientific, economic and technological
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technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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