Water Electrolysis Machine Market Overview
The process of splitting water into hydrogen and oxygen using electrical energy is known as water electrolysis. Water electrolysis machines have become popular in a wide range of industries, including the food industry, metallurgy, and power plants, among others. Furthermore, the components of water, such as hydrogen and oxygen, have several uses. For instance, electrolysis produces hydrogen, which is a clean, sustainable, and efficient fuel. Water electrolysis machines are used to yield pure hydrogen and oxygen gases. Water electrolysis machines have grown in popularity over the last few decades, and this trend is expected to continue in the future thereby contributing towards the growth of global water electrolysis machine market.
In terms of revenue, global water electrolysis machine market was valued at US$ 6554.06 Mn in 2020 growing at a CAGR of 7.2% over the forecast period (2021 – 2029).
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Our 402+ Pages Report titled, “Water Electrolysis Machine Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 - 2029”, will encompass in-depth information on the following pointers:
- Global market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments along with a further split across all major regions/countries
- In our analysis for the same, we have taken into consideration, 2015 to 2019 as historic years, 2020 as the base year and 2021 to 2029 has been taken as the forecast period.
- Market Dynamics (Drivers, Opportunities, and Restraints)
- Business and Technology Trends
- Impact of the Pandemic on Global Water Electrolysis Machine Market
- PESTEL Analysis
- Porter’s Five Forces Analysis
- Competitive Benchmarking
- Global Presence and Growth Strategies
- Market Share Analysis, 2020
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
- We also offer research studies focusing on specific regions, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America
- The reports can be provided in different languages including German, French, Russian, Spanish, Japanese, Korean, Arabic and Chinese amongst other languages.
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Market Segmentation
By Offering
Alkaline water electrolysis (AWE) and proton exchange membrane water electrolysis (PEMWE) are the two prevalent water electrolysis technologies. Alkaline water electrolysis is the more established method, resulting in long-lasting water electrolysis systems that have been widely utilised for decades. AWE has the specific benefit of using low-cost components, such as low-cost electrodes. This alkaline electrolysis process is suitable for the current large-scale hydrogen production and has low manufacturing costs. Moreover, renewable energy is being used in alkaline water electrolysis for large scale hydrogen production. These factors have been influencing the growth of alkaline water electrolysis machine market.
By Renewable Energy Resource
Water electrolysis is a well-established technique that has been utilised in a variety of industries for almost a century, including the power plants, metallurgy, chemicals and so on. In the recent years water electrolysis is regarded as a critical technique for the creation of high-purity hydrogen from water and renewable energy sources. Solar energy is one of the most promising energy sources accessible for attaining a significant level of energy savings and carbon emission reduction due to its great availability. The adoption of solar energy for electricity generation along with the use of this electricity for hydrogen production by alkaline water electrolysis showcases promising opportunities to be a sustainable scheme for postulated hydrogen economy. Remote areas with abundant solar resources for generating electricity can take advantage of water electrolysis to produce hydrogen to meet the energy needs of household applications, thus projecting substantial growth opportunities for global water electrolysis machine market over the forecast period.
By Hydrogen Gas Production
The electrolysis of water has gained a lot of interest among the many techniques of its hydrogen production since it is a sustainable and renewable chemical technology. Many nations are focusing on industrialisation of green hydrogen generation utilising renewable energy and water electrolysis. As a result, whether it's alkaline or PEM, investments are concentrating on the development of commercialised technologies that can be swiftly scaled up from the laboratory and demonstration stage to the gigawatt (GW) class. In terms of hydrogen production, water electrolysis devices are divided into three categories: below 500 L, 500 to 1000 L, and over 1000 L in the global water electrolysis machine market.
By Application
Water electrolysis machine has experienced a great demand from chemical industries, since they require hydrogen for wide range of uses. Water electrolysis machine provides pure form of hydrogen. Beijing Zhongdian Fengye Technology Development Co., Ltd., for example, provides the most advanced water electrolysis hydrogen production device and on-site hydrogen production, storage and use scheme. In real time, the device can check the purity of hydrogen and oxygen. With the developments in electrolyzers, its application for energy conversion in the hydrogen energy system is receiving attention and thus gaining traction across varied industrial applications in the global water electrolysis machine market.
By Region
North America accounted for the highest share in the global water electrolysis machine market. Countries like United States and Canada are implementing commercial green hydrogen production facilities, due to the growing usage of green hydrogen in various industries such as electronics, pharmaceutical, metals and others. Fuel cells and hydrogen have gained substantial relevance in the United States over the years as a crucial option for generating power and heat from a number of main energy sources. Moreover the water electrolysis machine manufacturers are looking forward to product innovation and high-end technology development, which showcases potential growth opportunity for global water electrolysis machine market over the forecast period.
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Key Players
Some of the players operating in the water electrolysis machine market are:
- AREVA H2Gen
- Asahi Kasei Corporation
- C & E Environmental Technology Co. Ltd.
- Enagic International Inc.
- Eneco Holdings Inc.
- ErreDue S.p.A.
- Hitachi Zosen Corporation
- Hydrogenics Corporation
- HyGear
- Kobelco Eco-Solutions Co. Ltd.
- Nel ASA
- Peak Scientific
- Siemens Gamesa
- SinoHy Energy
- Teledyne Technologies Inc.
- Thyssenkrupp Uhde Chlorine Engineers
- TM Power Plc
- Toshiba Energy Systems & Solutions Corporation
- Other Market Participants
Global Water Electrolysis Machine Market:
By Offering
- Product
- Proton Exchange Membranes
- Alkaline Water Electrolysis
- Services
By Distribution Channel
- Online
- Offline
By Input Power
- Below 5MW
- 5 to 10 MW
- More than 10 MW
By Renewable Energy Source
- Solar
- Wind-power
- Tidal
- Night-Time Electricity
- Surplus Power Energy
By Hydrogen Gas Production
- Below 500 L
- 500L to 1000 L
- Above 1000 L
By Application
- Chemical
- Pharmaceuticals
- Power Plants
- Electronics and Semiconductors
- Steel Plant Sectors
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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