Water Electrolysis Market to Surpass USD 6,051.4 Million by 2030 | Emergen Research

September 12 22:35 2022
Water Electrolysis Market to Surpass USD 6,051.4 Million by 2030 | Emergen Research
Emergen Research | Water Electrolysis Market
Market Size – USD 400.2 Million in 2021, Market Growth – at a CAGR of 35.3%, Market Trends – Increase in greenhouse emissions has led to rise in global warming

The global water electrolysis market size was USD 400.2 Million in 2021 and is expected to register a revenue CAGR of 35.3% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for hydrogen fuel cells and increasing popularity of green fertilizers due to surge in demand for sustainable farming practices are major factors driving market revenue growth. In addition, increase in greenhouse emissions has led to rise in global warming, which is further expected to drive revenue growth of the market. Rising demand for hydrogen fuel cells across various industry verticals is expected to increase demand for water electrolysis. Hydrogen fuel is easily accessible and manufactured effectively utilizing electrolysis with energy from renewable sources or as a petroleum byproduct.

The study on the Global Water Electrolysis Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Water Electrolysis market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Water Electrolysis industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Water Electrolysis industry.

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Some Key Highlights from the Report

  • On 03 August 2022, Air Products and Chemical Inc. announced to build, own, and operate a 10 metric ton per day facility to produce green liquid hydrogen in Casa Grande, Arizona. It is anticipated that zero-carbon liquid hydrogen facility would go online in 2023. Its product will be marketed to California hydrogen for mobility market and other places that need zero-carbon hydrogen.
  • The Proton Exchange Membrane (PEM) Electrolyzer segment revenue is expected to account for largest share over the forecast period. PEM water electrolysis systems have several advantages, including higher hydrogen production rates, more compact designs, and greater energy effectiveness. This can drive market revenue growth significantly.
  • The transportation industry segment revenue is expected to grow at a rapid rate over the forecast period. Water electrolysis is widely used in industrial facilities and processes to maintain product quality and guarantee operational efficiency. Heavy-duty tractor trailers and public transportation buses, which travel hundreds of miles at a time, are perfect for hydrogen fuel, since it enables vehicles to travel farther distances with less recharging.
  • The North America market is expected to account for largest revenue share during the forecast period. Rising demand for hydrogen as an alternative and renewable fuel source in the U.S., in turn, has increased demand for water electrolysis. In the U.S., Energy Policy Act of 1992 defines hydrogen as an alternative fuel, which is driving revenue growth of the market in this region.

Leading Companies of the Water Electrolysis Industry and Profiled in the Report are:

Thyssenkrupp Nucera, Linde plc., Air Products, and Chemical Inc., Siemens AG, ProtonOnsite, Teledyne Technologies Inc., Plug Power Inc., Cummins Inc., Erre Due S.p.A., and Peak Scientific Instruments.

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Furthermore, the report divides the Water Electrolysis market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global water electrolysis market based on product, application, and region:

  • Product Outlook (Revenue, USD Million, 2019–2030)
    • Alkaline Electrolyzer
    • Proton Exchange Membrane (PEM) Electrolyzer
    • Solid Oxide Electrolyzer Cell (SOEC)
    • Anion Exchange Membrane (AEM) Electrolyzers
  • Application Outlook (Revenue, USD Million, 2019–2030)
    • Refining Industry
    • Power and Energy Storage
    • Ammonia Production
    • Methanol Production
    • Transportation Industry

Regional Analysis:

The report sheds light on the region expected to dominate the Water Electrolysis market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Water Electrolysis market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Key Points of Water Electrolysis Market:

  • Extensive coverage of the analysis of the Water Electrolysis market
  • Key insights into the regional spread of the industry in key geographies
  • Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
  • Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Water Electrolysis market
  • Complete data about the key manufacturers and vendors in the Water Electrolysis market

 

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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