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Global Electrolyzer Market Forecast, Segmentation by Turbine type, Capacity and Application, Report, 2022-2035

  • Published Date: January 2024
  • Report ID: CSP159
  • Available Format: PDF+ PPT+ EXCEL
  • Page: 264

Market Outline:

The Electrolysers are a very important invention for the production of low-emission hydrogen from renewable sources. The surging demand for hydrogen production in past few years have provided positive signal to electrolysers production

In the Net No Emission by 2050 Situation, low-discharges hydrogen assumes a key part in areas that are difficult to decarbonise, like weighty industry and significant distance transport, with electrolysis controlled by sustainable power being the primary course of creation

Report Insight:

  • In 2022, electrolyser manufacturing capacity increased by nearly 25% from 2021.
  • Countries such as China, United States and European Union have laid out the policies for the propulsion of hydrogen production. For instance, China accounted for almost 38% of global production
  • Installed electrolyser are costing the range of USD 4501-400/kWe for alkaline technology, USD 1230-1 800/kWe for PEM. 

CSP Analytics Solutions has investigated other advancements, which are taking place in the market.

The Global Electrolyzer Market is expected to offer an $ opportunity of USD 58,562.16 Million over the analysis period i.e.2022-2035. Market was estimated USD XX million during 2022 and expected to grow at a significant CAGR XX% over the projected period. And by 2035, the market is expected to touch USD XX million.

Electrolyzer Market Segmentation:

Global Electrolyzer Market
Base Year:2023Forecast Period:2023-2035
Historical Data:2022 to 2023Market Size in 2022:USD XX Million
Forecast Period 2024-35 CAGR:XX%Market Size in 2035:USD XX Million
 Turbine Type
  • Solid Oxide Electrolyzer
  • PEM Electrolyzer
  • Alkaline Electrolyzer
Segments Covered:By Capacity
  • Less than 500 kW
  • 500 kW - 2 MW
  • More than 2 MW
By Application
  • Power plants
  • Steel plant
  • Energy storage for fuel cells
  • Electronics and photovoltaics
  • Industrial gases
  • Others
Companies Investigated in 'the Report:
  • H-Tec Systems 
  • Asahi Kasei 
  • INEOS
  • Brise Chemicals
  • Ohmium
  • Nel Hydrogen
  • Next Hydrogen 
  • Hydrogenics
  • Cipher Neutron
  • Hysata
  • H-Tec Systems
  • Teledyne Energy Systems
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • Siemens
  • Green Hydrogen Systems
  • Other major players

 

Electrolyzer Market Dynamics: Investigated in report

  • Surging Investment in green technologies
  • Rising demand for green hydrogen production across end use industry
  • Government Initiatives
    • Initiatives have been taken at country-level and regional-level to endorse hydrogen production. For instance. 
    • European Union has extended support of EUR 5.4 billion for hydrogen related projects. In Mar, 2023: EU hydrogen bank has been launched
    • Germany rolled out H2Global Initiatives

Electrolyzer Market Challenges: Explored in report

  • Installation and maintenance cost
  • Asymmetric regional policies

Recent Trends in the Market: 

Report has covered the trends across various aspects of the market. Few of the latest trends described below:

  • Rising Investments in hydrogen related projects
  • Investment from market players
  • New product launches. For instance. Ohmium launches India's first green hydrogen electrolyzer

Electrolyzer Market Regional Analysis: 

Report has fragmented the total market in five regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. 

Each mapped region has been examined at granular level, based on certain parameters:

  • North America Electrolyzer Market Forecast
    • Market Size and Forecast 2023-2035
    • Market Segment Attractiveness Evaluation
    • Future Potential
    • Economic Viability Assessment
    • Production Capacity
    • Pricing/Installation cost
    • Challenges in installation
    • Use Case Analysis
    • Regional Policy Analysis
    • Regulatory Framework Assessment
    • Investment Analysis
    • Latest Trends in the Market
    • Key Players in the Market and their Market share (%)
    • Market Fragmented by Country
      • United States
      • Canada
  • Europe Electrolyzer Market Forecast
    • Market Size and Forecast 2023-2035
    • Market Segment Attractiveness Evaluation
    • Future Potential
    • Economic Viability Assessment
    • Production Capacity
    • Pricing/Installation cost
    • Challenges in installation
    • Use Case Analysis
    • Regional Policy Analysis
    • Regulatory Framework Assessment
    • Investment Analysis
    • Latest Trends in the Market
    • Key Players in the Market and their Market share (%)
    • Market Fragmented by Country
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Rest of Europe

 

  • Asia-Pacific Electrolyzer Market Forecast
    • Market Size and Forecast 2023-2035
    • Market Segment Attractiveness Evaluation
    • Future Potential
    • Economic Viability Assessment
    • Production Capacity
    • Pricing/Installation cost
    • Challenges in installation
    • Use Case Analysis
    • Regional Policy Analysis
    • Regulatory Framework Assessment
    • Investment Analysis
    • Latest Trends in the Market
    • Key Players in the Market and their Market share (%)
    • Market Fragmented by Country
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Rest of Asia Pacific
  • Latin America Electrolyzer Market Forecast
    • Market Size and Forecast 2023-2035
    • Market Segment Attractiveness Evaluation
    • Future Potential
    • Economic Viability Assessment
    • Production Capacity
    • Pricing/Installation cost
    • Challenges in installation
    • Use Case Analysis
    • Regional Policy Analysis
    • Regulatory Framework Assessment
    • Investment Analysis
    • Latest Trends in the Market
    • Key Players in the Market and their Market share (%)
    • Market Fragmented by Country
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa Electrolyzer Market Forecast
    • Market Size and Forecast 2023-2035
    • Market Segment Attractiveness Evaluation
    • Future Potential
    • Economic Viability Assessment
    • Production Capacity
    • Pricing/Installation cost
    • Challenges in installation
    • Use Case Analysis
    • Regional Policy Analysis
    • Regulatory Framework Assessment
    • Investment Analysis
    • Latest Trends in the Market
    • Key Players in the Market and their Market share (%)
    • Market Fragmented by Country
      • Saudi Arabia
      • UAE
      • Israel
      • South Africa
      • Nigeria
      • Rest of Middle East and Africa

 

Electrolyzer Market Competitive Landscape: 

Players in Market Space - Players explored in the report has been analyzed at various parameters. Analysis done around, product offerings, product comparative analysis, financial health, market share, collaboration and partnership, patents, funding secures, technology outlook, future strategic move and investment.

Companies Profiled in the Report:

  • H-Tec Systems 
  • Asahi Kasei 
  • INEOS
  • Brise Chemicals
  • Ohmium
  • Nel Hydrogen
  • Next Hydrogen 
  • Hydrogenics
  • Cipher Neutron
  • Hysata
  • H-Tec Systems
  • Teledyne Energy Systems
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • Siemens
  • Green Hydrogen Systems
  • Others major players