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Global Hydrogen Electrolyzers Market 2019-2023

Global Hydrogen Electrolyzers Market 2019-2023

  • June 2019
  • 121 pages
  • ID: 5791397
  • Format: PDF
  • By Infiniti Research Limited


Table of Contents

Global Hydrogen Electrolyzers Market: About this market

Hydrogen electrolyzers are used to generate hydrogen by breaking water into oxygen and hydrogen using electricity. Our hydrogen electrolyzer market analysis considers the sales of alkaline hydrogen electrolyzers and PEM hydrogen electrolyzers. Our analysis also considers the sales of hydrogen electrolyzers in the Americas, APAC, and EMEA. In 2018, the alkaline segment had a significant share, and this trend is expected to continue over the forecast period. Factors such as stable operating environment will play a vital role in the alkaline segment to maintain its market position. Also, our global hydrogen electrolyzer market looks at factors such as integration of renewables with hydrogen electrolyzers, growing adoption of fuel-cell-powered vehicles, and rising demand for hydrogen electrolyzers from the industrial sector. However, competition from alternate technologies of hydrogen production, high cost of hydrogen production using electrolyzers, and infrastructure challenges associated with hydrogen refueling facilities may hamper the growth of the hydrogen electrolyzers industry over the forecast period.

Global Hydrogen Electrolyzers Market: Overview

Growing adoption of fuel cell-powered vehicles

Fuel cell technology is gaining popularity in the automotive sector and is being widely adopted by several EV and material handling equipment manufacturers. Unlike conventional batteries, fuel cell systems do not contain harmful materials. With the growth in the adoption of fuel cell vehicles, the demand for on-site hydrogen generation will increase. This is expected to accelerate the growth of the global hydrogen electrolyzer market size at a CAGR of over 8% during the forecast period.

Rising usage of fuel cells in the stationary power sector

Fuel cells have no moving parts, have a higher energy density and, thus require less maintenance and space. Moreover, they are not affected by changing weather conditions and provides reliable energy. The growing need for reliable power supplies in developed countries is expected to increase the adoption of fuel cells in the stationary power sector.

For the detailed list of factors that will drive the global hydrogen electrolyzer market size during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few players, the global hydrogen electrolyzer market is concentrated. Our robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several hydrogen electrolyzers manufacturers, that include Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG.

Also, the hydrogen electrolyzer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all future growth opportunities.

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